Wall Street stocks surged on revived hopes for progress in the U.S.-China trade dispute and President Donald Trump’s assurances that he has “no intention of firing” Federal Reserve Chair Jerome Powell, soothing fears that the central bank could lose its autonomy.
Gold extended its retreat from an all-time high, as appetite for riskier assets improved after President Donald Trump said he has no plans to fire the U.S. Fed’s chief and also signalled progress with China on the tariff front.
The Gold-Dollar pair plummeted 1.3% in the last session. The RSI is giving a positive signal.
Support: 3115 | Resistance: 3493.3
German sportswear and apparel maker Adidas reported first-quarter sales and profit above expectations, citing growth across all its markets and channels. First-quarter operating profit jumped 82% to 610 million euros, the group said, resulting in a margin of 9.9%.
European shares ended slightly higher on the back of rising financials and post-earnings gains in L’Oreal, though sentiment remained shaky after U.S. President Donald Trump’s critique of Federal Reserve Chair Jerome Powell.
U.S. stocks rebounded as a spate of quarterly earnings reports helped investors look past President Donald Trump’s warnings of recession if the U.S. Federal Reserve does not cut interest rates, which sparked worries that the central bank could lose its essential autonomy.
US-based Bitcoin exchange-traded funds had their largest day of net inflows since late January, as crypto markets remained buoyant over the Easter weekend. The 11 Bitcoin-tracking funds saw a joint net inflow of $381.3 million on April 21, largest since January 30th.
The Bitcoin-Dollar pair skyrocketed 4.0% in the last session. The Stochastic indicator is giving a positive signal.
Support: 83811 | Resistance: 97569
