Web Trader MT5 
Oil prices dipped on Monday following OPEC+’s agreement to increase production for September.
Brent crude fell 0.83% to $68.44 while U.S. West Texas Intermediate dropped 1% to $65.42. OPEC+ agreed Sunday to boost production by 547,000 barrels daily for September, continuing their strategy to reclaim market share amid concerns about Russian supply disruptions.
Stock futures edged higher Monday night after Wall Street’s rebound, as investors tracked corporate earnings. Dow Jones rose 1.58% to 44,264. S&P 500 was up 1.75% to 6,342. Nasdaq 100 gained 2.13% to 23,233.
After hours, Palantir jumped 4% to $160.66 as revenue topped $1 billion for the first time
The European Union announced Monday a six-month suspension of its planned countermeasures against U.S. tariffs that were set to begin this week.
Gold prices jumped again snatching back the losses seen after the FOMC meeting. USD gains were limited by expectations of a September Fed rate cut. Additionally, weak risk sentiment amid trade uncertainties and geopolitical tensions acts as a tailwind for the safe-haven asset, suggesting caution for bearish traders.
Friday’s weak US jobs data fueled expectations for a September Fed rate cut. This, with new tariff announcements, pushed Gold prices to a one-week high. July’s Nonfarm Payrolls showed only 73K new jobs versus 106K expected, with downward revisions for May and June, indicating a cooling labor market. The Unemployment Rate rose to 4.2%.
Investors await ISM services PMI numbers today as it is expected to rise slightly to 51.5 compared with previous reading of 50.8
The forex market saw mixed signals in yesterday’s trading. EURUSD dropped 0.12% to 1.1572. USDJPY fell 0.12%, but maintain 147.00 support level. USDCHF jumped 0.53%, and it continues to go up as it broke the 0.8100 psychological level.
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