Palladium prices extended gains to 10-month highs. Palladium price jumps after US suggests sanctions on Russian exports.
Palladium at 10-month high
Canadian dollar lags G10 peers as investors eye more rate cuts
The Canadian dollar edged down to an 11-week low against its U.S. counterpart as investors bet the Bank of Canada would need to cut interest rates further to bolster a sluggish domestic economy.
Tesla’s stock rose 6.5%
The Nasdaq and the S&P 500 gained, driven by Tesla’s positive earnings forecast and a decline in Treasury yields from a three-month high, which buoyed market sentiment despite declines from some corporate results.
Tesla’s stock rose 6.5% in the last session after gaining as much as 6.6% during the session. The Stochastic-RSI indicates an overbought market.
Support: 228.77 | Resistance: 286.79
Cardano unlocks $1.3T Bitcoin liquidity
Cardano is set to gain access to $1.3 trillion in Bitcoin liquidity for its decentralized finance ecosystem through a new integration with BitcoinOS, a Bitcoin smart contract platform.
The Bitcoin-Dollar pair skyrocketed 2.2% in the last session. The Ultimate Oscillator is giving a positive signal.
Support: 65221 | Resistance: 70678
Lockheed Martin lifted annual profit and sales forecast
Defense contractor Lockheed Martin lifted its annual profit and sales forecasts, but shares slid 5%. Maryland-based company now expects per-share profit of $26.65 for 2024, above its earlier forecast of $26.10 to $26.60.
Microsoft’s stock gained 2.4%
The last session saw Microsoft’s stock gain 2.4%. The CCI indicates an overbought market.
Microsoft’s stock gained 2.4% in the last session.
The CCI points to an overbought market.
Support: 409.15 | Resistance: 446.53