Wall Street hovers at record highs; Trump-linked stocks extend gains

NASDAQ Composite Daily Chart

Wall Street’s indexes were near record highs, ahead of an upcoming batch of economic data that could influence the Federal Reserve’s pace of interest rate cuts. Several stocks added to gains they have notched since Donald Trump won the election, as traders expect them to benefit from his return to the White House.

Euro hits lowest in 6 and half months vs dollar

The euro dropped to its lowest level in 6-1/2 months against the greenback as investors worried about possible U.S. tariffs that would hurt the euro area’s economy. Meanwhile, the U.S. dollar index slightly overshot the highs seen right after the U.S. presidential election.

The last session saw the Euro drop 0.5% against the Dollar. According to the Williams indicator, we are in an oversold market.
EUR/USD fell 0.5% in the last session.
Support: 1.0509 | Resistance: 1.0806

Inflation data poses test for stocks rally after Trump win

E-Mini S&P 500 Daily Chart

Investors will focus in the coming week on whether inflation trends can help sustain the record-breaking stock rally that has received a boost from Donald Trump’s victory in the U.S. presidential race. The benchmark S&P 500 surged to an all-time high and hit the 6,000 level for the first time.

Gold logs biggest weekly fall in over five months

Gold prices dropped to end last week, logging their steepest weekly decline in over five months, pressured by a stronger dollar and as markets absorbed the implications of Donald Trump’s victory and its potential impact on U.S. interest rate expectations.

The last session saw the Gold fall 0.8% against the Dollar. The MACD is giving a negative signal.
The last session saw XAU fall 0.8% against USD.
Support: 2642.3 | Resistance: 2732.8