A high-stakes corporate earnings season kicks into gear this week, with bullish investors hoping results will justify increasingly rich valuations in a U.S. stock market near record highs. The case for strong U.S. economic growth got a boost after labor market data came in far above expectations. The S&P 500 is up 20% year-to-date and stands near record highs
The dollar jumped to a seven-week high on Friday and was on track to post its best week since September 2022 after a surprisingly strong jobs report for September led traders to cut bets that the Federal Reserve will make further 50-basis-point rate cuts.
The dollar hit a three-week high against the euro after the ADP national employment report showed U.S. private payrolls increased more than expected in September, ahead of Friday’s highly anticipated jobs data.
The Euro-Dollar pair saw a minor dip of 0.1% in the last session. According to the Stochastic-RSI, we are in an oversold market.
Support: 1.0986 | Resistance: 1.1185
The Silver-Dollar pair exploded 1.4% in the last session. The Stochastic indicator’s is giving a negative signal.
XAG/USD skyrocketed 1.4% in the last session.
The Stochastic indicator is currently in the negative zone.
Support: 30.6793 | Resistance: 32.2719
Oil prices climbed on worries that the escalating conflict in the Middle East could threaten oil supplies from the world’s top producing region, but a large build in U.S. crude inventories limited gains.
The Oil-Dollar pair made a minor upwards correction in the last session, gaining 0.2%. The Stochastic indicator is giving a negative signal.
Support: 641 | Resistance: 74.961
Investment outflows from the Fidelity Ethereum Fund exceeded $25 million on October 1, marking a new all-time high in daily outflows among all other United States-based spot Ether exchange-traded funds, excluding the Grayscale Ethereum Trust.
