The yen rose for a second straight session against the dollar, boosted by comments from a senior Japanese politician about normalising monetary policy, adding pressure on the Bank of Japan to continue hiking interest rates to boost the currency .
The Dollar fell 0.8% against the Yen in the last trading session. The MACD is giving a negative signal.
USD fell 0.8% against JPY in the last session.
The MACD is currently in negative territory.
Support: 155.5967 | Resistance: 158.2767
Ether ETFs are now officially trading on stock exchanges, and the preliminary inflow data for the first 15 minutes of trading has been revealed by analysts. According to Bloomberg senior analyst Eric Balchunas, Bitwise outperformed its competitors during the first quarter-hour of trading, recording $25.5 million in capital inflows
Google-parent Alphabet is expected to report a nearly 14% rise in quarterly revenue, its fourth straight quarter of double-digit growth, driven by steady demand for its artificial intelligence-powered cloud computing services and an uptick in the ad market.
Google’s stock rose 0.5% in the last session. The Williams indicator is giving a positive signal.
Google’s stock rose 0.5% in the last session.
The Williams indicator is currently in positive territory.
Support: 175.2 | Resistance: 181.52
The U.S. dollar was slightly higher, capturing some safe-haven flows, as investors digested U.S. President Joe Biden’s decision to end his re-election campaign, which is expected to intensify volatility in the currency market.
The last session saw the Aussie drop 0.7% against the Dollar. According to the Williams indicator, we are in an oversold market.
AUD fell 0.7% against USD in the last session.
The Williams indicator points to an oversold market.
Support: 0.6677 | Resistance: 0.6713
Gold prices fell to a more than one-week low as the dollar firmed, while traders awaited more U.S. economic data and comments from Federal Reserve officials this week for clarity on the timeline for interest rate cuts.
The last session saw the Gold drop 0.6% against the Dollar. The ROC is giving a negative signal.
XAU/USD dropped 0.6% in the last session.
The ROC is currently in negative territory.
Support: 2399.4033 | Resistance: 2418.1233
Wall Street’s semiconductor index lost over $500 billion in stock market value on Wednesday and headed for its worst session since 2022 after a report said Washington was mulling tighter curbs on exports of advanced semiconductor technology to China.
