The U.S. dollar slid across the board, as investors waited warily for further news of U.S. trade policy and braced for a week packed with economic data, which may initially provide an indication on whether U.S. President Donald Trump’s trade war is hitting home.
Brent crude oil prices fell as economic worries from the U.S.-China trade war were pressuring demand. The U.S.-China trade war is dominating investor sentiment in moving oil prices, superseding nuclear talks between the U.S. and Iran and discord within the OPEC+ coalition.
The Oil-Dollar pair plummeted 2.0% in the last session. The Stochastic-RSI is giving a positive signal.
Support: 58.859 | Resistance: 64.89
Profits at China’s industrial firms grew 0.8% in the first quarter from the same period last year, reversing a 0.3% decline in the first two months. In March, total profits of industrial companies rose 2.6%, according to National Bureau of Statistics.
A packed upcoming week for markets will test a U.S. stocks rebound, with investors focused on a wave of corporate results led by Apple and Microsoft, while the prospect of global trade developments threatens to cause volatility at any time.
Spot Bitcoin ETFs in the US saw over $3 billion in inflows this week, marking the first full week of consecutive inflows in five weeks. On Friday, the 11 spot Bitcoin ETFs saw $380 million in inflows.
The last session saw the Bitcoin fall 0.3% against the Dollar. The Stochastic-RSI is giving a positive signal.
Support: 92102 | Resistance: 96845
The dollar staged a broad retreat, as investor gloom over the lack of progress toward defusing the U.S.-China trade war reasserted itself following an interlude of optimism the previous day.
