Ripple Labs closed its acquisition of Standard Custody, a digital asset custodian, on June 11. The deal, first announced earlier this year, is central to Ripple’s planned rollout of a United States dollar stablecoin and broader goals of real-world asset tokenization.
The last session saw Meta’s stock rise 1.7%. The RSI is giving a positive signal.
Meta shares rose 1.7% in the last session.
The RSI is giving a positive signal.
Support: 485.7066 | Resistance: 502.5266
Oil prices climbed about 3% to a one-week high on Monday, buoyed by hopes of rising fuel demand this summer despite a stronger U.S. dollar and expectations the U.S. Federal Reserve will leave interest rates higher for longer.
The Oil-Dollar pair skyrocketed 3.8% in the last session. The Ultimate Oscillator is giving a positive signal.
Support: 75.261 | Resistance: 75.761
The euro fell after gains by the far right in European Parliament elections prompted French President Emmanuel Macron to call a snap national election. The uncertainty in France adds one more element to what will be a busy week for markets.
The Euro-Dollar pair saw a minor dip of 0.1% in the last session. The Williams indicator points to an oversold market.
Support: 1.0747 | Resistance: 1.0813
Investors will closely watch this week’s inflation numbers and Federal Reserve meeting for clues on whether the soft landing hopes that drove stocks to record highs are still justified. This year’s rally has lifted the S&P 500 up more than 12% year-to-date, on expectations the Fed can cool inflation without hurting growth
Gold accelerated declines after a stronger-than-expected U.S. jobs report doused expectations for U.S. interest rate cuts this year, adding to bearish sentiment driven by data showing top consumer China held off on bullion purchases in May.
The Gold-Dollar pair dove 3.4% in the last session. The CCI points to an oversold market.
Support: 2344.2851 | Resistance: 2394.2351
