$100 million investment proposal from Apple to build an accessory and component plant in Indonesia was not enough to allow the sale of the latest iPhone. Indonesia banned sales of iPhone 16 after it failed to meet requirements that smartphones sold domestically should comprise at least 40% locally-made parts.
The last session saw Apple shares fall 0.4%. The Ultimate Oscillator is giving a positive signal.
Support: 225.46 | Resistance: 235.94
Sterling snapped a three-day losing streak, as the dollar’s slide after the selection of fund manager Scott Bessent as U.S. Treasury Secretary lent support to most major currency pairs. GBP slumped to six-month low last week.
The Pound dipped a slight 0.2% against the Dollar in the last session. The Ultimate Oscillator is giving a positive signal.
Support: 1.2468 | Resistance: 1.2684
Gold prices plunged over 3%, breaking a five-session rally to its highest in nearly three weeks, as reports of Israel nearing a ceasefire with Hezbollah, coupled with Trump’s nomination of Scott Bessent as the U.S. Treasury Secretary soured the precious metal’s safe-haven appeal.
The Gold-Dollar pair plummeted 3.8% in the last session. The CCI is giving a negative signal.
Support: 2479.3 | Resistance: 2792.5
Amazon pumped another $4 billion into OpenAI competitor Anthropic, as the e-commerce giant goes up against Big Tech rivals in a race to capitalize on generative AI technology. This doubles Amazon’s investment in the firm known for its GenAI chatbot Claude.
| Global stocks registered a strong weekly gain while U.S. The health of the U.S. consumer and the retail sector will be in focus in the coming week, as Black Friday kicked off a holiday shopping season that could shed light on how buyers are grappling with higher prices. The benchmark S&P 500 rose 1.7% in the past week and approached all-time highs. |
| Stablecoin issuer Tether minted an additional $3 billion in USD tokens on November 23 on the Ethereum and Tron networks amid increased trading volume in the crypto markets – particularly Bitcoin as it approaches the $100,000 price level. |
