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 added to gains following comments by Federal Reserve Chair Jerome Powell.
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.
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 session. The Ultimate Oscillator is giving a positive signal.
Support: 92613 | Resistance: 99705
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
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
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
