The S&P 500 and the Dow rose, as investors started to brush off disappointing Alphabet earnings and weighed the prospect of future interest rate cuts from the U.S. Federal Reserve. Google-parent Alphabet dropped 7.3% after posting downbeat cloud revenue growth.
The U.S. dollar edged lower as President Donald Trump’s tariff threats were interpreted more as a negotiating tactic rather than an end goal, a day after he suspended planned measures against Mexico and Canada.
Bitcoin risks a deeper correction as fears of a potential global trade war escalated following import tariffs announced by US President Donald Trump and China’s Ministry of Finance. The Ministry of Finance of the People’s Republic of China announced new import tariffs of up to 15% on some US imports effective February 10.
The Bitcoin-Dollar pair plummeted 1.8% in the last session. The Stochastic-RSI is giving a positive signal.
Support: 93946 | Resistance: 105238
Gold prices hit an all-time high, bolstered by safe-haven inflows after U.S. President Donald Trump’s tariffs on Canada, China and Mexico added to concerns of inflation that would dent economic growth, even as Mexico’s tariffs are on 1-month pause.
The Gold-Dollar pair rose 0.9% in the last session. The ROC is giving a positive signal.
Support: 2727.1 | Resistance: 2901.9
Alphabet will face investor scrutiny over its massive spending on AI when it reports earnings, as revenue growth at the Google parent likely slowed in the holiday quarter due to a slowdown in its advertising and cloud businesses.
The last session saw Alibaba’s stock gain 1.8%. The CCI is giving a negative signal.
Support: 90.476 | Resistance: 106.97
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.
