The dollar index was lower after U.S. President Donald Trump paused new tariffs on Mexico for one month, after the country agreed to reinforce its northern border with 10,000 National Guard members to stem the flow of illegal drugs, Trump said.
U.S. investors rattled by last week’s sharp tech sell-off will closely watch upcoming jobs data for signs of continued economic resilience, which could fuel inflationary concerns already stoked by President Donald Trump’s policies.
Gold prices surpassed the key $2,800 mark for the first time on Friday, fuelled by a rush to safety following U.S. President Donald Trump’s tariff threats, which heightened concerns about global economic growth and inflationary pressures.
The Gold got a slight bump of 0.2% against the Dollar in the last session. The ROC is giving a positive signal.
Support: 2761.7 | Resistance: 2842.1
The U.S. dollar advanced against major currencies on Friday, while the Canadian dollar weakened and the Mexican peso edged higher after the White House reiterated that President Donald Trump will impose tariffs.
Oil prices fell, with the U.S. benchmark touching a multi-week low after crude stockpiles in the world’s top petroleum producer and consumer rose more than expected last week. The White House reaffirmed Trump’s plan to impose 25% tariffs on imports from Canada and Mexico.
After a 1.9% dip during the last session, the Oil-Dollar pair closed with a 1.4% drop. The Ultimate Oscillator indicates an oversold market.
Support: 70.272 | Resistance: 75.102
Semiconductor stocks were a mixed bag, with European chip stocks rallying on strong earnings while U.S. stocks including Nvidia fell as investors continued to assess the potential threat from China’s low-cost DeepSeek artificial intelligence tool.
