Oil prices fell by about 2%, and global benchmark Brent held below $80 a barrel, on the prospect successful Middle Eastern peace talks could reduce supply risks, while leading oil importer China’s economic weakness looked set to curb demand.
The Oil-Dollar pair corrected downwards in the last session, falling 0.2%. The ROC is giving a negative signal.
WTI/USD made a minor downwards correction of 0.2%.
The ROC is currently in the negative zone.
Support: 76.61 | Resistance: 79.981
The dollar fell to a seven-month low and the Japanese yen hit a more than one-week high as traders awaited comments from Federal Reserve Chair Jerome Powell this week likely to hint the U.S. central bank will start cutting interest rates in September.
The Dollar fell 0.9% against the Yen in the last trading session. The RSI is giving a positive signal.
The last session saw USD fall 0.9% against JPY.
The RSI is giving a positive signal.
Support: 147.3917 | Resistance: 148.3417
Cardano has fallen out of the top 10 cryptocurrencies by market capitalization after dropping approximately 3% over the last seven days. Cardano,once ranked third in crypto rankings during the 2021 bull cycle, is currently 11th after Tron.
Several Chinese banks have been given new gold import quotas from the central bank, anticipating revived demand despite record high prices. Spot gold has gained 21% so far this year, having hit successive record highs.
The Gold-Dollar pair exploded 2.0% in the last session. The Ultimate Oscillator is giving a positive signal.
XAU/USD exploded 2.0% in the last session.
The Ultimate Oscillator is currently in the positive zone.
Support: 2414.7841 | Resistance: 2490.9041
U.S. stocks ended last week higher, extending their biggest weekly percentage gains of the year as worries of an economic downturn eased and investors focused on the Jackson Hole Economic Symposium next week. The S&P 500 and the Nasdaq notched their seventh straight session of gains
The Turkish cryptocurrency landscape is experiencing a major transformation as prominent companies like Coinbase and KuCoin compete to obtain business licenses in the country. This surge in applications follows regulatory updates by the Turkish Capital Markets Board.
