Oil prices rebounded despite lingering fears over a potential global trade war after U.S. President Donald Trump’s latest tariff plans, this time targeting steel and aluminium.
The Oil-Dollar pair exploded 1.5% in the last session. According to the Stochastic-RSI, we are in an overbought market.
Support: 69.899 | Resistance: 73.86
Gold prices continued their record rally on Monday and broke through the key $2,900 level for the first time, driven by safe-haven demand as U.S. President Donald Trump’s new tariff threats amplified trade war and inflation concerns.
The Gold-Dollar pair exploded 1.2% in the last session. The Ultimate Oscillator is giving a positive signal.
Support: 2831.6 | Resistance: 2968.4
The U.S. dollar fell to its lowest in more than a week as investor nerves about a global trade war abated, while the Japanese yen rallied on the back of strong wage data. Euro rose slightly after dropping to start the week.
Gold prices continued their record run, as investors sought the safe-haven asset amid escalating concerns about a U.S.-China trade war and the potential impact on economic growth.
The Gold-Dollar pair exploded 1.0% in the last session. The ROC is giving a positive signal.
Support: 2798.8 | Resistance: 2926.3
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.
