Technical update: Nvidia lifts indices, can it hold on? [Video]
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Kim Cramer Larsson
KCL Consult
Kim Cramer Larsson hosts the Daily Technical Update, a daily 15-20 minutes video with live charts.
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EUR/USD trades near the 1.1600 mark, boosted late in the American session by news coming from the White House. US President Donald Trump announced a deal with Iran to be signed "soon" by the Middle Eastern country, hinting at probably the weekend. Trump also canceled the planned attacks for Friday.
GBP/USD is back firm above 1.3400 with the Greenback giving up most of its weekly gains, following headlines coming from the United States signaling US President Donald Trump signed a proclamation in which he announced that a deal with Iran is pretty much sealed.
Gold surged to fresh intraday highs above $4,200 late in the American afternoon, after US President Donald Trump announced he canceled strikes over Iran, adding an agreement is in its "final stages."
Bitcoin steadies its recovery on Thursday, edging higher toward $63,000 despite incessant capital outflows. Meanwhile, altcoins, including Ethereum and Ripple, exhibit subtle rebound signs, trading above $1,650 and $1.12, respectively.
Cryptocurrency prices are broadly rising on Thursday, following an overstretched downtrend. Despite sticky geopolitical tensions in the Middle East, tokens at the intersection of the blockchain technology and Artificial Intelligence (AI), including Bittensor (TAO), Near Protocol (NEAR) and Internet Computer (ICP) are testing recovery potential.
May's CPI put headline inflation at 4.2% on the year, up from 3.8% in April and the hottest reading since April 2023, while core prices rose just 0.2% on the month, undershooting the 0.3% consensus and halving April's pace.
