Bitcoin recorded a 129% year-to-date gain, primarily driven by the outcome of the 2024 United States Presidential election and the April 2024 halving event. Bitcoin also experienced a 37% gain in November 2024.
The Bitcoin rose 0.8% against the Dollar in the last trading session. According to the Williams indicator, we are in an overbought market.
Support: 94392 | Resistance: 99738
The last session saw Tesla shares gain 2.6%. The MACD is giving a negative signal.
Tesla’s stock rose 2.6% in the last session.
The MACD is currently in the negative zone.
Support: 327.25 | Resistance: 359.65
The coming week will give investors a fresh view into the health of the U.S. economy with the release of a closely watched employment report that could help determine the trajectory of interest rates in the months ahead. Stocks are heading into December with the benchmark S&P 500 near record highs following an over 25% year-to-date gain.
The S&P 500 and Dow Jones Industrial Average notched record closing highs in a shortened Black Friday session, lifted by technology stocks such as Nvidia, while retail was in focus as the holiday shopping season kicked off.
Oil prices ticked up after Israel and Lebanese armed group Hezbollah traded accusations that their ceasefire had been violated, and as Israeli tanks fired on south Lebanon. OPEC+ also delayed by a few days a meeting likely to extend production cuts.
The last session saw the Oil gain 0.3% against the Dollar. The Stochastic indicator is giving a negative signal.
Support: 67.269 | Resistance: 70.33
November was a month of clear winners and losers from Trump’s U.S. election victory. Trump trades, punishing tariff-sensitive assets from European exporters to Mexico’s peso and driving investment towards U.S. stocks and the dollar, proved successful. Wall Street has rallied, the dollar gained 2% against rival major currencies and bitcoin surged.
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
