Safe-haven currencies saw increased demand, with the U.S. dollar, the Swiss franc and the yen attracting buyers after Russia updated its nuclear doctrine in response to the escalating conflict with Ukraine.
Walmart raised its annual sales and profit forecast for the third consecutive time, as people bought more groceries and merchandise, a sign the world’s largest retailer continues to gain market share ahead of the holidays.
The Nasdaq and S&P 500 rebounded, recovering some losses as investors anticipate quarterly earnings from AI leader Nvidia, and Tesla jumped on the prospect of favorable policy changes from the incoming Trump administration.
Boeing will lay off more than 2,200 workers in the U.S. states of Washington and Oregon, according to latest filings posted, as part of the debt-heavy U.S. planemaker’s plan to cut 17,000 jobs, or 10% of its global workforce.
Gold prices soared, after six days of losses, as the U.S. dollar’s surge stalled and heightened uncertainty over the Russia-Ukraine conflict rekindled safe-haven demand. Spot gold jumped, moving away from a two-month low hit last week.
The Gold-Dollar pair exploded 1.4% in the last session. The Williams indicator is giving a positive signal.
XAU/USD exploded 1.4% in the last session.
Support: 2537.1 | Resistance: 2672.3
Oil prices settled down more than 2% to end last week as investors fretted about weaker Chinese demand and a potential slowing in the pace of U.S. Federal Reserve interest rate cuts. China’s oil refiners in October processed 4.6% less crude than a year earlier.
The Oil-Dollar pair plummeted 2.3% in the last session. The Ultimate Oscillator is giving a negative signal.
WTI/USD dove 2.3% in the last session.
Support: 64.446 | Resistance: 69.816
