Oil settled higher as ongoing tensions in the Middle East lent support to prices, but news that interest rate cuts could start as late as December capped gains, following the Federal Reserve’s statement concluding its two-day meeting.
WTI/USD saw a minor rise of 0.2% in the last session.
The Williams indicator is currently in the positive zone.
Support: 76.911 | Resistance: 79.151
General Motors cut its annual EV production forecast and announced a new $6 billion share buyback plan, as the automaker banks on demand from its gasoline-powered models. GM now projects the higher end of its 2024 EV production to be 250,000 units.
Ripple Labs closed its acquisition of Standard Custody, a digital asset custodian, on June 11. The deal, first announced earlier this year, is central to Ripple’s planned rollout of a United States dollar stablecoin and broader goals of real-world asset tokenization.
The last session saw Meta’s stock rise 1.7%. The RSI is giving a positive signal.
Meta shares rose 1.7% in the last session.
The RSI is giving a positive signal.
Support: 485.7066 | Resistance: 502.5266
Oil prices climbed about 3% to a one-week high on Monday, buoyed by hopes of rising fuel demand this summer despite a stronger U.S. dollar and expectations the U.S. Federal Reserve will leave interest rates higher for longer.
The Oil-Dollar pair skyrocketed 3.8% in the last session. The Ultimate Oscillator is giving a positive signal.
Support: 75.261 | Resistance: 75.761
The euro fell after gains by the far right in European Parliament elections prompted French President Emmanuel Macron to call a snap national election. The uncertainty in France adds one more element to what will be a busy week for markets.
The Euro-Dollar pair saw a minor dip of 0.1% in the last session. The Williams indicator points to an oversold market.
Support: 1.0747 | Resistance: 1.0813
