The S&P 500 ended higher, lifted by Eli Lilly and Apple, as investors weighed progress in U.S. trade negotiations with Japan against concerns about the interest rate outlook. Traders leaned toward optimism following Trump’s comments about “big progress” in the bilateral talks.
The U.S. dollar gained after its recent weakness across peer currencies appeared exhausted for the time being, while the euro weakened slightly after the European Central Bank cut rates for the seventh time in a year.
The Euro-Dollar pair corrected downwards in the last session, falling 0.1%. According to the Stochastic-RSI, we are in an overbought market.
Support: 1.1278 | Resistance: 1.1461
Netflix exceeded Wall Street expectations in its quarterly earnings report and offered a bullish revenue outlook, signaling confidence amid the economic uncertainty surrounding President Donald Trump’s erratic tariff plans.
Gold prices extended their record run to breach $3,300 per ounce, as a weaker dollar and escalating U.S.-China trade tensions pushed investors towards the safe-haven asset. U.S. gold futures gained 3.3%.
The Gold-Dollar pair skyrocketed 2.5% in the last session. The Stochastic indicator is giving a positive signal.
Support: 3189.4 | Resistance: 3460.9
The three major U.S. stock indexes extended declines after Federal Reserve Chair Jerome Powell said that while the U.S. economy is still in a solid position, growth appears to be slowing. Chipmakers leading declines as Nvidia warned of steep charges from new U.S. curbs on its chip exports to China.
Californians further soured on Tesla in the first quarter, pulling down the electric-vehicle maker’s registrations by 15% as backlash against Elon Musk’s company intensified in the state that has embraced EVs most across the United States.
Tesla’s stock plummeted 5.1% in the last session. The CCI is giving a positive signal.
Support: 214.93 | Resistance: 269.08
