The dollar notched a weekly loss against the euro as a delay in the introduction of trade tariffs planned by U.S. President Donald Trump raised hopes that they may not be as bad as feared, while optimism about a peace deal between Russia and Ukraine helped the single currency rally.
The Euro-Dollar pair made a minor upwards correction in the last session, rising 0.2%. The Stochastic-RSI indicates an overbought market.
Support: 1.0383 | Resistance: 1.0591
Walmart’s quarterly report in the coming week will give investors fresh insight into the health of U.S. consumers, who are facing stronger inflation and uncertainty over whether President Donald Trump’s tariffs will push up prices. The benchmark S&P 500 stock index was up about 1% last week, with stocks showing resilience.
Gold prices climbed due to escalating concerns about U.S. President Donald Trump’s impending tariff plans, which could further strain global trade relations. Trump plans to impose reciprocal tariffs on countries that levy duties on U.S. imports.
The last session saw the Gold rise 0.3% against the Dollar. The Stochastic indicator indicates an overbought market.
Support: 2884.7 | Resistance: 2959.4
The Canadian dollar strengthened to a two-month high against its U.S. counterpart as U.S. bond yields declined and a key level of support for the American currency gave way. The loonie touched its strongest intraday level since December 13.
Wall Street’s main indexes advanced after the latest producer prices data led to a lowering in inflation forecasts, while the prospect of Russia-Ukraine peace talks prompted some risk-taking among investors. U.S. producer prices increased solidly in January, offering more evidence that inflation was picking up again
Japan’s largest oil refiner, Eneos Holdings, aims to raise at least 400 billion yen ($2.61 billion) by listing its wholly owned metals unit, in what would be the nation’s biggest IPO in seven years.
