The euro dropped to its lowest level in 6-1/2 months against the greenback as investors worried about possible U.S. tariffs that would hurt the euro area’s economy. Meanwhile, the U.S. dollar index slightly overshot the highs seen right after the U.S. presidential election.
The last session saw the Euro drop 0.5% against the Dollar. According to the Williams indicator, we are in an oversold market.
EUR/USD fell 0.5% in the last session.
Support: 1.0509 | Resistance: 1.0806
The Silver-Dollar pair fell 2.9% following a 3.2% intra-session dip. According to the CCI, we are in an oversold market.
XAG/USD dove 2.9% in the last session.
The CCI is signalling an oversold market.
Support: 29.051 | Resistance: 32.468
Investors will focus in the coming week on whether inflation trends can help sustain the record-breaking stock rally that has received a boost from Donald Trump’s victory in the U.S. presidential race. The benchmark S&P 500 surged to an all-time high and hit the 6,000 level for the first time.
Gold prices dropped to end last week, logging their steepest weekly decline in over five months, pressured by a stronger dollar and as markets absorbed the implications of Donald Trump’s victory and its potential impact on U.S. interest rate expectations.
The last session saw the Gold fall 0.8% against the Dollar. The MACD is giving a negative signal.
The last session saw XAU fall 0.8% against USD.
Support: 2642.3 | Resistance: 2732.8
Investors will focus in the coming week on whether inflation trends can help sustain the record-breaking stock rally that has received a boost from Donald Trump’s victory in the U.S. presidential race. The benchmark S&P 500 surged to an all-time high and hit the 6,000 level for the first time.
The Bitcoin-Dollar pair exploded 4.6% in the last session. The ROC is giving a positive signal.
BTC/USD exploded 4.6% in the last session.
Support: 73577 | Resistance: 86402
The dollar soared to a four-month high after Republican Donald Trump won the U.S. presidential election, with policies on immigration, tax and trade expected to spur higher U.S. growth and inflation.
The Euro-Dollar pair plummeted 1.6% in the last session. The Stochastic indicator’s is giving a positive signal.
Support: 1.0392 | Resistance: 1.1147
