The euro dipped against the dollar as traders reined in bets of more interest rate cuts by the European Central Bank, while broader currency moves were muted in U.S. holiday-thinned trading.
The Euro-Dollar pair traded sideways in the last session. The ROC is giving a positive signal.
Support: 1.0496 | Resistance: 1.0605
Shares of Dell and HP fell after the personal computer makers issued forecasts that cast doubt on a market recovery driven by artificial intelligence-enabled PCs. Dell tumbled 11%, with the company set to shed about $11 billion from its $99.50 billion market value, after it forecast quarterly revenue below estimates.
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.
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.
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
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.
