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The Euro fell by 0.4% against the dollar in the last trading session. The MACD is currently indicating a negative signal.
The USD/JPY pair rose by 0.5% in the last trading session. The Williams Percent Range indicator shows the market is currently overbought.
Gold declined by 0.6% against the dollar in the last trading session. The Stochastic RSI indicates that the market is oversold.
Nike’s stock saw a slight drop of 0.3% in the last trading session. The MACD is showing a positive signal.
The US dollar has advanced to a one-year high against major currencies, driven by recent “Trump trades.” The S&P 500 and the Dow showed gains, as expected US inflation data reinforces expectations for a December rate cut by the US Federal Reserve. In October, the Consumer Price Index rose by 0.2% for the fourth consecutive month. In Russia, GDP grew by 3.1% in Q3, down from the previous quarters, aligning with the economy ministry’s projections.
Significant economic events to monitor include:
In the last session, Bitcoin experienced a slight pullback, dropping by 0.9% after an initial gain of 1.5%. The Williams Percent Range indicator signals an overbought market, suggesting potential for further correction.
Meta's stock value decreased by 0.6% in the last session. The RSI indicator points to a positive trend, potentially signalling upcoming opportunities for investors.
The Australian dollar fell by 0.8% against the US dollar in the previous session. According to the Williams Percent Range, the AUD/USD pair is currently in an oversold market.
Gold decreased by 0.8% against the dollar in the last session, placing it in an oversold position according to the Stochastic RSI.
Bitcoin has recently stabilised after a record rally, while crypto exchange Coinbase has launched the Coinbase 50 Index, covering 50 major digital assets. In the energy sector, South Korea's Q-cells is advancing renewable efforts with Microsoft through US-based solar panels.
Key data releases include:
The Gold-Dollar pair dropped sharply by 2.8% in the last session. The Commodity Channel Index (CCI) currently signals that the market is oversold.
The Euro-Dollar pair fell by 0.5% against the dollar in the last session. The Williams Percent Range indicator suggests that the market remains oversold.
The Pound-Dollar pair dropped by 0.4% in the last session. The Williams Percent Range continues to indicate an oversold market.
Bitcoin surged 4.6% against the dollar in the last session. The Ultimate Oscillator shows the market is currently overbought.
Wall Street’s indexes hover near record highs, awaiting economic data that may impact the Federal Reserve's rate decisions. Stock gains follow Donald Trump's re-election, with traders expecting favourable impacts from his policies. Notably, Bitcoin reached an all-time high of $85,000, with analysts speculating on a six-figure price by 2025. Tesla's shares also rose sharply, with investors betting on potential synergies between Elon Musk and President Trump.
Traders should watch these key economic releases for potential market shifts:
The oil-dollar pair dove by 2.3% in the last session. The Commodity Channel Index (CCI) is giving a negative signal.
The Aussie dollar pair fell by 1.3% following a 1.7% intra-session dip. The Williams Percent Range indicator is giving a positive signal.
The euro-dollar pair fell by 0.8% in the last session. The CCI indicates an oversold market.
The dollar-yen pair saw a minor dip of 0.1% in the last session. The MACD is giving a negative signal.
Oil prices settled more than 2% lower last week as traders grew less fearful of prolonged supply disruptions in the US Gulf of Mexico. Meanwhile, China's latest economic stimulus packages failed to impress some oil traders. China's consumer prices rose more slowly in October, while producer price deflation deepened, even as Beijing doubled down on stimulus policies. China unveiled a 10 trillion yuan package to ease local government hidden debt burdens rather than directly injecting money into the economy. Investors will focus in the coming week on whether inflation trends can help sustain the record-breaking stock rally that has received a boost from Donald Trump's victory in the US presidential race. The benchmark S&P 500 surged to an all-time high and hit the 6,000 level for the first time.
Key economic events to look out for include:
The GBP/USD pair gained 0.7% in the last session. The Stochastic indicator is giving a positive signal.
The Bitcoin/USD pair skyrocketed 1.1% in the last session. The Ultimate Oscillator is giving a positive signal.
The Oil/USD pair closed 1.2% in the green. According to the Stochastic RSI, we are in an overbought market.
The AUD/USD pair exploded 1.5% in the last session. The RSI is giving a positive signal.
The 2024 United States presidential election has brought substantial shifts in crypto policy outlooks as Donald Trump prepares to return to the White House for a second term. Crypto advocates, including Coinbase CEO Brian Armstrong, have expressed optimism that the changes may benefit the digital assets industry. The Bank of England cut interest rates for only the second time since 2020, predicting that the British government's first budget would lead to higher inflation and economic growth. Shares of Nvidia rallied to a record high, making the chipmaker the first company in history to surpass a stock market value of $3.6 trillion as Wall Street extended a rally sparked by Donald Trump's return to the White House.
Key economic events to look out for include:
The EUR/USD pair plummeted by 1.6% in the last session. The Stochastic indicator is giving a positive signal.
The USD/JPY pair surged by 1.9% in the last session. The Stochastic RSI is giving a positive signal.
The Gold/USD pair plummeted by 2.9% in the last session. The MACD is giving a negative signal.
Apple shares gained 0.5% in the last session. The Stochastic indicator is giving a negative signal.
The dollar soared to a 4-month high after Republican Donald Trump won the US presidential election, with policies expected to spur higher US growth and inflation. US stocks soared to record highs, with the Dow Industrials, S&P 500, and NASDAQ Composite all hitting record highs. President-elect Donald Trump's return to the White House appears to slow the Federal Reserve's path for interest rate cuts, with new policies poised to boost the economy and potentially reverse the slowdown in inflation.
Key economic events to look out for include:
The Bitcoin/USD pair skyrocketed by 3.2% in the last session. The Rate of Change (ROC) indicator is giving a positive signal.
Google shares saw a minor rise of 0.2% in the last session. The MACD is giving a positive signal.
The Aussie gained 0.7% against the dollar in the last session. The Commodity Channel Index (CCI) is giving a positive signal.
The Gold/USD pair made a minor upward correction in the last session, gaining 0.1%. The Stochastic indicator is giving a negative signal.
Oil prices edged up about 1% on a weaker US dollar, coinciding with a closely contested US presidential election. OPEC+ delayed plans to increase production in December, contributing to a previous 2% rise in oil prices. Meanwhile, a consortium including Robinhood, Galaxy Digital, Kraken, and Paxos has launched a new stablecoin pegged to the US dollar, aiming to boost global adoption.
Key economic events to watch include:
The Gold/Dollar pair traded sideways in the last session. The Rate of Change (ROC) indicator is giving a negative signal.
The Euro/Dollar pair traded sideways in the last session. The Ultimate Oscillator is giving a positive signal.
The Pound/Dollar price remained largely unchanged in the last session. The Ultimate Oscillator is giving a negative signal.
The Bitcoin/Dollar pair fell by 1.2% in the last session. The Stochastic indicator is giving a negative signal.
US stock indexes slipped in choppy trading as investors braced for a pivotal week for global markets, with Americans set to elect a new president and the Federal Reserve likely to cut its benchmark policy rate. Cryptocurrency investment products posted another massive week as the United States presidential election draws closer, with digital investment products seeing $2.2 billion in inflows from October 26th to November 2nd, bringing year-to-date inflows to a record-breaking $29.2 billion. Ford Motor reported a 15% rise in US auto sales during October from a year earlier, aided by demand for its F-series trucks and hybrid models. Sales of its trucks, including the popular F-150 model, climbed 29.2% to 10,847 units.
Key economic events to look out for include:
The WTI Crude Oil experienced a significant decline, falling 1.7% in the last session after an initial gain of 1.1%. The Commodity Channel Index (CCI) is currently showing a positive signal.
The Australian dollar remained relatively stable against the US dollar in the latest session. The Rate of Change (ROC) indicator is presenting a positive signal.
The EUR/USD pair showed minimal movement in the last session. The Stochastic indicator suggests a positive trend ahead.
The USD/JPY pair recorded a slight upward correction, gaining 0.2% in the last session. The CCI indicator is currently showing a negative signal.
Intel is set to be replaced by Nvidia in the prestigious Dow Jones Industrial Average index after a 25-year tenure, highlighting the shifting dynamics in the semiconductor industry. The Canadian dollar has weakened to a two-year low against its US counterpart ahead of the US presidential election, despite positive domestic factory activity data. Wall Street's major indices ended higher, with Amazon.com rising 6.2% following strong earnings that exceeded Wall Street expectations.
Key economic events to watch:
The GBP/USD pair dropped by 0.5% in the last session. The RSI is giving a negative signal.
The Bitcoin/USD pair fell by 2.6% in the last session. The Stochastic RSI is giving a negative signal.
The Oil/USD pair surged by 2.3% in the last session. The Stochastic indicator is giving a positive signal.
The AUD/USD pair traded sideways in the last session. The CCI indicates an oversold market.
Cryptocurrency exchange Crypto.com has announced the acquisition of Watchdog Capital, a broker-dealer registered with the United States Securities and Exchange Commission. This move will allow the exchange's subsidiary in the country to offer stocks and equity options to eligible traders. Oil prices extended gains after settlement, rising by more than $2 per barrel on a report that Iran is preparing to attack Israel from Iraqi territory in the coming days. Gold retreated as prices consolidated after hitting a record high, while safe-haven demand ahead of the US presidential election helped the precious metal log its fourth straight monthly gain.
Key economic events to look out for include:
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