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The oil-dollar pair fell by 1.7% in the last trading session. The Williams Percent Range indicates that the market is currently oversold.
The AUD/USD pair declined by 1% in the last session. The Stochastic RSI signals that the market is oversold.
The EUR/USD pair edged lower by 0.1% in the last trading session. The Stochastic indicator is currently giving a positive signal.
The USD/JPY pair remained flat during the last trading session. According to the Williams Percent Range, the market is oversold.
This week, a critical inflation report is expected to test the resilience of US stocks, with the S&P 500 advancing over 27% year-to-date. A US federal appeals court has upheld a decision requiring ByteDance to divest TikTok by next year, impacting the app's operations in the US. Meanwhile, the People's Bank of China resumed gold purchases in November, solidifying its position as the top official sector buyer of 2023.
Notable economic events to watch include:
The GBP/USD pair rose by 0.3% in the last trading session. The Williams Percent Range indicator suggests that the market is currently overbought.
Bitcoin paired with the dollar saw a minor decline of 0.2% in the last session. The MACD is indicating a negative trend.
The US Crude Oil pair dropped 0.5% in the last session following a 1.1% intraday dip. The Stochastic RSI suggests an oversold market.
The AUD/USD pair edged higher by 0.2% in the last session. The Rate of Change (ROC) indicator provides a positive signal.
Bitcoin dominance has surged to 57% as the cryptocurrency hit an all-time high. Meanwhile, labour market data in the US indicates easing conditions as unemployment filings increased slightly last week. Oil prices continued to decline, weighed by an ample supply outlook for 2025 and OPEC+ delaying output increases until April next year.
Key upcoming economic events include:
The EUR/USD pair experienced a slight upward correction during the last session. The Stochastic indicator is signalling a positive trend.
The dollar gained slightly against the yen during the last session. The Williams Percent Range indicator is giving a positive signal.
The gold-dollar pair recorded a modest gain in the last session. The Ultimate Oscillator indicates a positive trend.
Amazon shares rose steadily during the last session. The Rate of Change (ROC) indicator is signalling a negative trend, warranting closer monitoring.
Global shares presented mixed performance as markets reacted to geopolitical developments. Political turmoil in South Korea included the temporary imposition and lifting of martial law, while a no-confidence vote in France toppled the government. Meanwhile, US stocks posted solid gains led by technology shares after positive earnings reports from Salesforce. Federal Reserve Chair Jerome Powell’s remarks further boosted market sentiment, although US service sector activity slowed in November but remained above levels indicating solid economic growth.
Key economic events include:
Bitcoin dipped slightly by 0.1% against the dollar in the last trading session. The Williams Percent Range indicator is currently signalling a negative trend.
Tesla shares dropped by 0.6% in the last session. The Commodity Channel Index (CCI) suggests the market is in an overbought condition.
The AUD/USD pair rose by 0.2% in the last session. The MACD is giving a positive signal, indicating potential bullish momentum.
The gold-dollar pair experienced a slight rise of 0.1% in the last session. The MACD is indicating a positive trend, reflecting bullish sentiment in the market.
OPEC oil output increased for the second consecutive month, driven by Libya's production recovery amidst resolved political tensions. Sterling strengthened against the dollar following dovish comments by the Federal Reserve, while the euro held steady due to ongoing political uncertainty in France. Cryptocurrency exchanges saw significant growth in 2024, with Binance leading the surge in average daily Bitcoin deposits, outpacing Kraken and Coinbase.
Traders should keep an eye on the following economic updates:
Gold declined by 0.4% against the dollar in the last trading session. The Stochastic indicator is currently providing a negative signal.
The Euro fell by 0.4% against the dollar in the last session. However, the MACD is signalling a positive trend.
The GBP/USD pair decreased by 0.4% in the last session. The Stochastic indicator is giving a positive signal, indicating potential recovery.
Bitcoin fell by 1.9% against the dollar in the last session after experiencing a 2.8% intraday dip. The Stochastic RSI indicates the market is currently oversold.
The S&P 500 and NASDAQ indices saw gains, with the benchmark S&P 500 briefly hitting an all-time high driven by technology stocks. Ether investment funds set a record inflow of $2.2 billion in 2024, surpassing its 2021 performance. Meanwhile, the United States announced new export restrictions on China's semiconductor industry, targeting 140 companies, including Nora Technology Group.
Key upcoming events include:
The oil-dollar pair experienced a downward correction in the last session, falling by 0.2%. The Stochastic RSI is indicating a negative signal.
The Australian dollar rose slightly by 0.1% against the US dollar in the last session. The Rate of Change (ROC) indicator is signalling a positive trend.
The euro-dollar pair saw a modest rise of 0.2% in the last session. The Rate of Change (ROC) indicator continues to signal positive momentum.
The dollar-yen pair declined sharply by 1.1% in the last session. The MACD indicator is currently pointing to a negative trend.
China's factory activity expanded for a second consecutive month in November, reflecting the impact of recent stimulus measures. Meanwhile, the S&P 500 and Dow Jones reached record highs during a shortened Black Friday session, driven by technology stocks and increased retail activity. Investors are now awaiting the release of critical US employment data, which could influence the trajectory of interest rates and market sentiment.
Key events in the upcoming days include:
The GBP/USD pair traded sideways in the last session. The Commodity Channel Index (CCI) is giving a positive signal, indicating potential bullish momentum.
Bitcoin paired with the dollar dropped by 0.7% in the last session. The Ultimate Oscillator is giving a negative signal, aligning with bearish sentiment.
The price of oil gained 0.3% against the dollar in the last session. The Stochastic indicator is giving a negative signal, suggesting a possible bearish reversal.
The AUD/USD pair remained largely unchanged during the last session. The Rate of Change (ROC) is giving a positive signal, suggesting potential upward momentum.
Cryptocurrency hackers have reportedly stolen $1.5 billion in 2023, with $71 million stolen in November alone. Meanwhile, German annual inflation remained flat at 2.4% in November, breaking a downward trend. Oil prices edged higher following tensions in the Middle East and OPEC+ delays in extending production cuts.
Key economic events to monitor include:
The EUR/USD pair rose by 0.7% in the last trading session, with the RSI giving a positive signal, suggesting further bullish momentum.
The USD/JPY pair fell by 1.3% in the last session, following a 1.6% drop in the previous session. The ROC indicator is currently signalling a negative trend, pointing to continued weakness.
The Gold/USD pair saw a minor upward correction in the last session, gaining 0.2%. The Stochastic indicator is providing a positive signal, supporting potential gains in the short term.
Alibaba stock fell by 0.1% in the last session. The ROC indicator is showing a negative signal, suggesting a bearish outlook.
The Canadian dollar continued its recovery from a 4.5-year low as investors speculated on a successful negotiation to avoid US trade tariffs and awaited domestic GDP data. Meanwhile, Wall Street's main indices declined, with the NASDAQ leading losses as technology stocks slumped ahead of Thanksgiving. US consumer spending rose slightly more than expected in October, maintaining solid economic momentum, but inflation progress appeared stalled.
Key economic events include:
The Bitcoin/USD pair experienced a 1.6% dip during the last session, followed by a 0.4% overall drop. The MACD indicator is signalling a negative trend.
Alibaba Bar stock saw a minor decline of 0.2% in the last session. However, the Stochastic RSI is giving a positive signal, suggesting potential upward momentum.
The AUD/USD pair corrected downwards, falling 0.1% in the last session. The Stochastic indicator is signalling a positive outlook, indicating potential recovery.
Gold rose by 0.4% in the last session, recovering from earlier lows. The Ultimate Oscillator is signalling positive momentum, supporting the bullish outlook.
Gold prices faced a tug-of-war as safe-haven demand softened amid optimism over a potential Israel-Hezbollah ceasefire. However, concerns over Ukraine and US tariff plans provided some support. Oil prices fell sharply after Israel agreed to a ceasefire deal with Lebanon, lowering risk premiums and causing benchmarks to drop around 1%. Meanwhile, cryptocurrency ownership in the UK has reached 12%, prompting increased regulatory attention from the Financial Conduct Authority.
Key events to watch this week include:
The Gold-Dollar pair plummeted by 3.8% in the last session. The Commodity Channel Index (CCI) is currently giving a negative signal.
The EUR/USD pair gained 0.1% in the last session. The CCI is giving a positive signal, indicating potential for further upward movement.
The GBP/USD pair fell by 0.2% in the last session. The Ultimate Oscillator is signalling a positive outlook, suggesting potential recovery.
The Bitcoin-Dollar pair plunged 2.9% in the last session. The Williams Percent Range is giving a negative signal, indicating bearish momentum.
The MSCI Global Equities Index rose slightly as the US dollar weakened, accompanied by a drop in government bond yields. Native tokens from various DeFi protocols surged above 50% in November, reflecting investor confidence post-US elections. Meanwhile, the total value locked on DeFi protocols reached $18.4 billion, marking a three-year high. In other news, Apple’s proposed $100 million investment for a plant in Indonesia faced rejection due to local content requirements for smartphones.
Key economic updates to monitor include:
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