Daily summary: Wall Street stocks hit new record highs

• Nasdaq and S&P 500 reached new ATH
• Precious metals prices move higher
• US dollar under pressure

During today's session we could observe a correction in the dollar market, which was weakening against other major currencies. The Canadian dollar is the best performer and appreciated 1.3% versus the USD. AUD and NZD also gained about 1%. The pound (0.75%), the franc (0.42%) and the euro (0.35%) also strengthened against the greenback. On the other hand, the Japanese yen did not take advantage of the weakness of the dollar and is trading flat

Asian indices finished today’s session higher and positive sentiment spread to European markets although weak PMI reading capped gains. The German DAX lagged behind and gained only 0.28% today, while the French CAC40 closed 0.86% higher. Looking at the US indices, there is practically no trace of last week's sell-off. The Nasdaq and S&P 500 not only recovered recent losses but both hit new records today’s. The Dow Jones lags slightly behind.

WTI crude rose nearly 6.0% and is trading slightly above $65.60 a barrel, while Brent is trading 5.60% higherer around $68.30 a barrel  as traders snapped up bargains after a near 9% loss last week. Elsewhere gold rose 1.30% and is trading around $ 1,805.00 / oz, while silver is trading 2.20 % higher, around $ 23.60 / oz as the dollar rally paused, and investors await the Jackson Hole Symposium later in the week for details on the Fed's tapering timeline. Nevertheless, the true winner of today's session is palladium, which is gaining over 6%.

Bitcoin price pierced the $50,000 psychological level for the first time since mid-May. A continuation of this bullish impulse could be the key to pushing BTC to a retest of its all-time high.

OIL.WTI rebounded from recent lows and managed to break above the resistance at $ 65.18. However, two major obstacles lie ahead of  buyers, i.e. the upper limit of the 1: 1 structure and the EMA100. Source: xStation5