Trading began on Monday with a record rise in Japanese stock indices, including the Nikkei 225, which rose by 0.3% to 20097.6 points, while the Topix index rose by 0.28 to 1457.7 points, after it concluded trading last week with a recovery Dow Jones, Standard and Poor’s and NASDAQ.
With the decline in the dollar index, gold price futures for June delivery, start the week with a rise of 0.73, to settle at $ 1770.40 an ounce, compared to the opening price - $ 1757.50 an ounce – which jumped up compared to last week’s trading, which concluded At $ 1756.30 an ounce.
This decline was also accompanied by the rise in oil price futures for June delivery, including NYMEX crude by 4.17%, to be traded at $ 30.76 a barrel, and Brent crude by 2.53%, to trade at $ 33.61 a barrel, and this is explained by the relationship between the price of the dollar and the price of futures contracts, as it became an inverse relationship , as it was expected by the American economy.
The New Zealand dollar broke the support points down, after having settled at $ 0.60, it fluctuated negatively to be traded at 0,59, and for this reason a general downside tendency is expected for the pair. While the dollar versus the Canadian dollar rose to settle at 1.40 dollars, the euro is still stable at 1.08.
Contrary to what was expected, the US currency begins the week with a decline in its price, and the vision is still unclear !