U.S. stocks hit a near two-week high after a softer producer prices data reinforced bets of an interest rate cut by the Federal Reserve in September. Megacap and growth stocks gained, with Nvidia set to lead the charge for a second session, rising over 5%.
Boeing said it delivered 43 commercial jets in July, unchanged from the same month a year earlier when it faced supply chain hurdles, as the U.S. planemaker works to grow aicraft production under new CEO Kelly Ortberg.
The Euro rose 0.4% against the Dollar in the last trading session. The RSI is giving a positive signal.
EUR/USD gained 0.4% in the last session.
The RSI is currently in positive territory.
Support: 1.0901 | Resistance: 1.0958
The market is eagerly awaiting Walmart’s earnings report to gain insights into consumer spending trends. After a rollercoaster week on Wall Street, this week offers fresh opportunities for insights!
Wednesday: Get the latest update on inflation with the Consumer Price Index (CPI) release.
Thursday: Watch for two key indicators of US consumer health: Retail Sales, Walmart (WMT) Earnings.
Gold prices rose by more than 1% to hit the highest since August 2nd, driven by safe-haven inflows as traders awaited U.S. inflation data this week that could shed more light on the Federal Reserve’s interest rate cut path.
The Gold-Dollar pair skyrocketed 1.8% in the last session. The ROC is giving a positive signal.
XAU/USD exploded 1.8% in the last session.
The ROC is giving a positive signal.
Support: 2423.621 | Resistance: 2435.621
Oil prices jumped by more than 3%, rising for a fifth consecutive session on expectations of a widening Middle Eastern conflict that could tighten global crude oil supplies.
The Oil-Dollar pair skyrocketed 3.7% in the last session. According to the CCI, we are in an overbought market.
WTI/USD skyrocketed 3.7% in the last session.
The CCI points to an overbought market.
Support: 76.7567 | Resistance: 77.4767
