(SPX 500) The S&P extending record
 

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(SPX 500) The S&P erased more losses as prices look for a fresh record. Sentiment remains upbeat for the AI and tech sectors, as the heavyweights on the S&P list remain bullish. With the index hitting peak after peak, traders will be wondering how long this can sustain, with a possible reversal just around the corner. The index is holding above 6800, with 6900 as the resistance to crack. Any signs of exhaustion should see a test at 6650.
 

EURUSD breaking higher
 

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The greenback remains under pressure from last week’s Fed decision. The Euro continues to attract buyers as traders struggle to find reasons to sell the currency, leaving the Euro boosted by the Dollar’s fundamentals. The pair’s monthly high is now testing the 1.1700 zone, and a break above this level could send it to 1.1780. With this week’s non-farm numbers expected to decline, 1.1650 is needed to stop the slide further.
 

UKOIL growth forecasts back in focus
 

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Oil prices are holding firm following last week’s decline, which saw $5 wiped off the price. With oil inventories declining, the bearish outlook could continue into next year. As traders await more news of a potential peace deal between Russia and Ukraine, the price is expected to remain undecided for the next few weeks. The price is looking for support at 60.0, and 62.50 is the next obstacle higher.

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