The dollar strengthened as the yen came under pressure from a sharp fall in Japan’s long-dated bond yields, while the greenback was boosted by data improving U.S. consumer confidence.
After a 1.6% dip during the last session, the Dollar-Yen pair closed with a 1.2% gain. The Stochastic-RSI indicates an overbought market.
Support: 140.48 | Resistance: 147.46
Global markets climbed and the euro rallied after U.S. President Donald Trump kicked his threat to slap 50% tariffs on European Union goods into July, marking another temporary trade policy reprieve.
Gold prices fell after U.S. President Donald Trump dropped his threat to impose 50% tariffs on goods from the European Union from June 1, reducing demand for the safe-haven asset. Markets in the US and UK were closed on Monday due to public holidays.
The Gold-Dollar pair traded sideways in the last session. The Stochastic indicator is giving a positive signal.
Support: 3292.5 | Resistance: 3390
The euro hit a one-month high against the U.S. dollar after U.S. President Donald Trump backed down from threatened 50% duties on European Union shipments from June 1, as the bloc asked for time to “reach a good deal”.
Nvidia will launch a new artificial intelligence chipset for China at a significantly lower price than its recently restricted H20 model and plans to start mass production as early as June, The GPU is expected to be priced between $6,500 and $8,000.
Oil prices gained on Friday as U.S. buyers covered positions ahead of the three-day Memorial Day weekend amid worries over the latest round of nuclear talks between American and Iranian negotiators.
The Oil-Dollar pair exploded 1.5% in the last session. The MACD is giving a positive signal.
Support: 58.651 | Resistance: 63.992
