December 9, 2024
China’s central bank resumes gold purchases
China’s central bank resumed buying gold for its reserves in November after a six-month pause, official data by the People’s Bank of China showed. The PBOC was the world’s largest official sector buyer of gold in 2023. The Gold-Dollar price remained largely unchanged in the last session. The RSI is giving a negative signal.Support: 2583.5 […]
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December 5, 2024
Wall Street stocks advance, dollar dips amid Fed outlook
Global shares were mixed and the euro was steady as markets digested political turmoil in South Korea, where martial law was imposed then lifted hours later, and in France, where a no-confidence vote toppled the government. U.S. stocks were solidly higher in afternoon trading as technology shares rose after upbeat results from Salesforce, while indexes […]
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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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