Gold prices extended their record run, holding firm above the key $2,500 level, driven by a weaker dollar and growing investor confidence that the Federal Reserve will likely cut interest rates in September.
The Gold-Dollar pair rose 0.4% in the last session. The Stochastic indicator is giving a positive signal.
XAU/USD gained 0.4% in the last session.
The Stochastic indicator is currently in positive territory.
Support: 2475.4513 | Resistance: 2524.6813
Demand for Bitcoin has been in a downtrend since April, approaching negative levels over the past few weeks. According to data analytics firm CryptoQuant, the apparent demand for the digital asset has dropped from a 30-day growth of 496,000 Bitcoin in April to a current negative growth of 25,000 BTC.
The Bitcoin-Dollar pair fell 0.6% in the last session. According to the Stochastic-RSI, we are in an overbought market.
BTC fell 0.6% against USD in the last session.
The Stochastic-RSI points to an overbought market.
Support: 57343.6667 | Resistance: 60831.6667
The dollar fell to its lowest level since January as investors awaited revisions to U.S. payrolls data on Wednesday and Federal Reserve Chair Jerome Powell’s speech to the Jackson Hole economic conference in Wyoming later in the week.
The last session saw the Pound gain 0.3% against the Dollar. The Ultimate Oscillator is giving a positive signal.
GBP/USD rose 0.3% in the last session.
The Ultimate Oscillator is currently in positive territory.
Support: 1.2906 | Resistance: 1.3039
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.
