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. |
Gold prices climbed for a third consecutive session to mark a one-week high, as investors sought refuge in the safe-haven metal amid mounting geopolitical unease fuelled by escalating Russia-Ukraine tensions.
The last session saw the Gold rise 0.5% against the Dollar. The Stochastic-RSI is giving a positive signal.
Support: 2591.2 | Resistance: 2700.7
