December 5, 2024
Canadian dollar keeps distance from recent lows
The Canadian dollar steadied against its U.S. counterpart, keeping some distance from a recent 4.5 year low, as oil prices fell and investors continued to bet on a Federal Reserve interest rate cut this month.
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December 5, 2024
Bitcoin price hits $100K for first time in history
The price of Bitcoin reached $100,000 for the first time in history, marking a milestone for the cryptocurrency market after a year of significant growth. Bitcoin hit the $100,000, breaking a psychological level just weeks after reaching the $90,000 milestone on November 12th. The Bitcoin saw a slight dip against the Dollar in the last […]
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December 4, 2024
OPEC oil output rises in November
OPEC oil output rose for a second month in November as Libya’s production recovered after resolution of a political crisis, though members making cuts pledged to the wider OPEC+ alliance kept output broadly steady. The Oil-Dollar pair exploded 2.4% in the last session. The Ultimate Oscillator is giving a positive signal.Support: 66.191 | Resistance: 72.881
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December 4, 2024
Sterling picks up versus dollar, flat against euro
Sterling gained against the dollar after dovish comments from Federal Reserve Governor Christopher Waller and was steady against the euro as political turmoil in France kept investors on edge. The Pound-Dollar pair saw a minor rise of 0.2% in the last session. The Ultimate Oscillator is giving a positive signal.Support: 1.2593 | Resistance: 1.2782
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December 4, 2024
Meta shares gained 2.2%
The last session saw Meta’s stock rise 2.2%. The Stochastic indicator is giving a positive signal.Meta shares gained 2.2% in the last session.The Stochastic indicator is giving a positive signal.Support: 579.34 | Resistance: 631.06
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December 3, 2024
S&P 500, Nasdaq advance on tech boost
The S&P 500 and the Nasdaq gained, with the benchmark index briefly hitting an all-time high boosted by technology stocks, while investor focus remained on a slew of economic data this week. The week’s centerpiece would be the November nonfarm payrolls report due on Friday.
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