November 28, 2024
Canadian dollar gains as tariff-threat shock fades
The Canadian dollar extended its recovery from a 4.5 year low against its U.S. counterpart as investors bet on Canada avoiding threatened U.S. trade tariffs through negotiation and looked ahead to domestic GDP data.
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November 28, 2024
Inflation stuck above Fed’s target
U.S. consumer spending increased slightly more than expected in October, suggesting the economy retained much of its solid growth momentum early in the fourth quarter, but progress on lowering inflation appears to have stalled in recent months.
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November 27, 2024
Oil down after Israel agrees to ceasefire deal with Lebanon
Oil prices slid, giving back early gains in choppy trade after Israel agreed to a ceasefire deal with Lebanon, reducing oil’s risk premium. Both benchmarks dropped around 1%. The last session saw the Oil fall 0.3% against the Dollar. The MACD’s is giving a positive signal.Support: 65.342 | Resistance: 71.911
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November 27, 2024
S&P 500, Nasdaq climb ahead of Fed minutes
The benchmark S&P 500 and the Nasdaq extended recent gains, as technology stocks rebounded, while investors parsed Donald Trump’s tariff pledges on top trade partners and awaited minutes from the Federal Reserve’s latest meeting.
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November 27, 2024
UK cryptocurrency ownership rises to 12%
Cryptocurrency ownership among investors in the United Kingdom is growing, prompting increasing regulatory attention from the country’s top financial watchdog. Over 12% of adults in the UK now hold cryptocurrency with an average value of up to 1,842 British pounds, according to an announcement by the Financial Conduct Authority.
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November 26, 2024
Indonesia says Apple’s $100 million investment proposal inadequate
$100 million investment proposal from Apple to build an accessory and component plant in Indonesia was not enough to allow the sale of the latest iPhone. Indonesia banned sales of iPhone 16 after it failed to meet requirements that smartphones sold domestically should comprise at least 40% locally-made parts. The last session saw Apple shares […]
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