Web Trader MT4 
market news summary
European markets closed higher on Friday after U.S. stocks posted temporary gains amid uncertainty about inflation expectations. The basic resources sector fell by 0.4%, while media stocks rose by 1.1%. The European Stoxx 600 index closed up 0.22%, breaking a seven-session losing streak, the longest since February 2018.
European gas prices sharply increased on Friday as workers at Chevron’s Australian natural gas facilities went on strike, raising concerns that a prolonged production halt could put pressure on global supplies.
Dollar Index (USDX)
The dollar has enjoyed a noticeable turnaround over the past two months, erasing all its early losses in 2023 following a series of strong economic data indicating that the United States is unlikely to experience a long-anticipated recession.
The markets are eagerly awaiting important economic data this week that will confirm the Federal Reserve’s future moves, with the most significant being the Consumer Price Index to be released next Wednesday. The dollar is currently trading below its key pivot point, with a downward bias since the start of today’s session at $104.50.
Pivot point: 104.85
| Resistance level | Support level |
| 105.15 | 104.70 |
| 105.35 | 104.45 |
| 105.60 | 104.00 |
Spot Gold (XAUUSD)
Gold prices rose on Monday, September 11, supported by a decline in the US dollar and bond yields, amid anticipation of important economic data this week.
Gold in spot trading rose to $1,926 per ounce, up $10 from the start of today’s session.
Pivot point: 1921
| Resistance level | Support level |
| 1926 | 1914 |
| 1934 | 1909 |
| 1939 | 1901 |
Dow Jones Index (DJ30ft – US30)
The Standard & Poor’s 500 index closed with a slight increase on Friday, with trading volatility near the end of the session, while the three major indices on Wall Street recorded weekly losses as investors worried about interest rates and awaited US inflation readings.
Investors are concerned about rising oil prices and are awaiting the release of the Consumer Price Index for August, scheduled for Wednesday, in search of signals regarding the Federal Reserve’s decisions on interest rates.
The Dow Jones Industrial Average index rose by 72 points or 0.21% to 34,651 points from the start of today’s session.
Pivot point: 34565
| Resistance level | Support level |
| 34695 | 34475 |
| 34785 | 34350 |
| 34900 | 34260 |
US Crude (USOUSD)
Oil prices rose by around 1% to reach their highest levels in nine months on Friday, supported by the rise in US diesel futures and concerns about oil supply shortages after Saudi Arabia and Russia extended production cuts last week.
Brent crude futures rose by 73 cents or 0.8% to settle at $90.65 per barrel, while US West Texas Intermediate crude increased by 64 cents or 0.7% to settle at $87.51 per barrel.
Pivot point: 87.10
| Resistance level | Support level |
| 88.05 | 86.25 |
| 88.85 | 85.30 |
| 89.80 | 84.45 |
Risk Warning
This material provides real-time market analysis from contributing analysts. Please note that any views expressed in this material do not constitute operational advice. It is important to assess your risk tolerance and make independent trading decisions. STARTRADER holds no responsibility for any trading consequences that may arise from relying on the views expressed in this material.
Tags
Open Live Account
Please enter a valid country
No results found
No results found
Please enter a valid email
Please enter a valid verification code
1. 8-16 characters + numbers (0-9) 2. blend of letters (A-Z, a-z) 3. special characters (e.g, !a#S%^&)
Please enter the correct format
Please tick the checkbox to proceed
Please tick the checkbox to proceed
Important Notice
STARTRADER does not accept any applications from Australian residents.
To comply with regulatory requirements, clicking the button will redirect you to the STARTRADER website operated by STARTRADER PRIME GLOBAL PTY LTD (ABN 65 156 005 668), an authorized Australian Financial Services Licence holder (AFSL no. 421210) regulated by the Australian Securities and Investments Commission.
CONTINUEError! Please try again.
