Online holiday spending growth set to slow to 5.3% as shoppers seek discounts
Retail sales in the U.S. have chugged along, but concerns about higher tariffs and dipping consumer confidence have complicated the holiday outlook.
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AMD stock skyrockets 25% as OpenAI looks to take stake in AI chipmaker
OpenAI will deploy up to 6 gigawatts of AMD Instinct GPUs over multiple years, beginning with a 1-gigawatt rollout in 2026. -
Crypto Market Electrified by Shutdown
Market Picture The crypto market cap hit a new record high on late Sunday, rising to $4.27 trillion. On Monday, the market retreated slightly from its highs to $4.24 trillion but still recorded a 1.4% increase over the past 24 hours. This was due to the steady rise of BTC, which pushed it to new […]
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Gold Price Reaches Record High
As shown in the charts, XAU/USD quotations have reached historic peaks today. According to media reports, gold is behaving as a safe haven amid growing uncertainty, which is intensifying as the U.S. government shutdown continues. Meanwhile: → Gold prices may rise above $3,950 in the coming days, approaching the psychological level of $4,000. The chart […]
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GBP/USD Daily Outlook
Daily Pivots: (S1) 1.3438; (P) 1.3462; (R1) 1.3502; More… Intraday bias in GBP/USD stays neutral at this point, and further decline remains in favor. On the downside, break of 1.3322 will resume the fall from 1.3725 to 1.3140 support. On the upside, though, firm break of 1.3535 will argue that pullback from 1.3725 has already […]
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USD/CHF Daily Outlook
Daily Pivots: (S1) 0.7938; (P) 0.7963; (R1) 0.7978; More… Range trading continues in USD/CHF and intraday bias remains neutral. On the upside, sustained trading above 55 D EMA (now at 0.8006) will suggest that rise from 0.7828 is already correcting whole fall from 0.9200. Further rise should the be seen to 0.8170 resistance and possibly […]
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Fifth Third Bancorp to buy Comerica for $10.9 billion in all-stock deal
Fifth Third Bancorp said Monday it will acquire fellow regional bank Comerica in an all-stock deal worth $10.9 billion. -
EUR/JPY retreats from 176.25 highs after France’s PM resignation
The Euro has taken a beating on Monday, following the unexpected resignation of France’s Prime Minister Sébastien Lecornu. -
Oil rises on OPEC’s modest output hike – ING
ICE Brent was trading above $65/bbl while NYMEX WTI was seen approaching $62/bbl this morning, amid a modest OPEC+ production increase for November and higher geopolitical risks. -
GBP/USD may decline toward 1.3400 – UOB Group
Pound Sterling (GBP) may decline toward 1.3400; a clear break below this level appears unlikely. In the longer run, GBP is likely to trade in a range between 1.3360 and 1.3525, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
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