The euro rallied against the U.S. dollar, hitting it’s three-month high after Germany’s conservatives and Social Democrats announced proposals to set up a 500 billion euro fund for infrastructure and overhaul borrowing rules aimed at increasing defense spending.
The last session saw the Euro gain 0.9% against the Dollar. The RSI is giving a positive signal.
Support: 1.0389 | Resistance: 1.0755
Wall Street’s main indexes fell, with the tech-heavy Nasdaq on course to confirm a correction, as investors feared that an escalating trade war between the U.S. and its partners could damage the country’s economy.
TSMC CEO announced the Taiwanese semiconductor company plans to make an additional $100 billion investment in the United States and build five additional chips factories in the coming years. They announced the plan in a meeting at the White House with President Donald Trump.
Cryptocurrency exchange-traded products experienced the biggest weekly sell-off ever, with outflows reaching a record $2.9 billion last week. Amid three consecutive weeks of outflows, global crypto ETPs have seen $3.8 billion wiped out.
The Bitcoin-Dollar pair dove 8.0% in the last session. The Ultimate Oscillator is giving a positive signal.
Support: 77433 | Resistance: 99906
Oil prices fell about 2% to a 12-week low on reports OPEC+ will proceed with a planned oil output increase in April and on worries what U.S. tariffs would do to global economic growth and oil demand.
The Oil-Dollar pair plummeted 2.8% in the last session. The ROC is giving a positive signal.
Support: 64.505 | Resistance: 72.425
Global hedge funds sold more stocks than they bought by the largest amount in a year, mainly driven by their bets that stocks will drop, a Goldman Sachs note showed. Goldman Sachs said the gloomy sentiment was spread across all geographic regions, but mainly in North America and part of Asia, and was seen in almost all company sectors
