The USD Index left behind two consecutive sessions of losses and refocused on the key 106.00 barrier. The Fed’s Chair J. Powell will participate at an event at the ECB Forum in Portugal.
Forex Today: All the attention shifts to Powell and Lagarde.
Global stocks dipped as investors digest inflation data
U.S. monthly inflation was unchanged in May as a modest increase in the cost of services was offset by the largest drop in goods prices in six months, drawing the Federal Reserve closer to start cutting interest rates later this year.
Global stock indexes edged lower, reversing early gains, while Treasury yields rose and the U.S. dollar declined as investors absorbed data that showed U.S. monthly inflation was unchanged in May.
The Silver-Dollar pair gained 0.5%
The Silver-Dollar pair gained 0.5% in the last session after rising as much as 2.2% during the session. The RSI is giving a negative signal.
XAG/USD gained 0.5% in the last session.
The RSI is giving a negative signal.
Support: 28.4108 | Resistance: 29.5842
The Bitcoin-Dollar pair gained 1.5%
The Bitcoin-Dollar pair gained 1.5% in the last session after rising as much as 2.2% during the session. The ROC is giving a positive signal.
BTC/USD exploded 1.5% in the last session.
The ROC is giving a positive signal.
Support: 60165.6667 | Resistance: 61781.6667
Shares of Tesla skyrocketed 5.2%
Shares of Tesla skyrocketed 5.2% in the last session. The ROC is giving a positive signal.
Shares of Tesla skyrocketed 5.2% in the last session.
The ROC is currently in positive territory.
Support: 179.9787 | Resistance: 191.6137
Amazon hit $2 trillion in market value
Amazon.com hit $2 trillion in market value for the first time on Wednesday, becoming the fifth U.S. company to surpass that level as optimism around artificial intelligence and potential interest rate cuts this year drove demand for technology-related stocks.
Shares of Amazon skyrocketed 3.6% in the last session. The ROC is giving a positive signal.
Amazon’s stock exploded 3.6% in the last session.
The ROC is currently in the positive zone.
Support: 183.5435 | Resistance: 190.2083