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Asia stocks jump on gains in cyclical sectors, US optimism
Most Asian stocks rose on Monday as investors piled into cyclical stocks heading into the last week of November, while focus turned to a slew of upcoming economic readings, including China’s industrial data and India’s third-quarter GDP.Investing.com
Nov 25, 2024
Webush upgrades Snowflake, Elastic to Outperform on AI optimism
Investing.com-- Wedbush upgraded its rating on software firms Snowflake and Elastic , citing increased optimism over their exposure to the rapidly growing artificial intelligence industry, especially on an enterprise level.Investing.com
Nov 25, 2024
Japanese Yen builds on its weekly bullish gap-up against USD
The Japanese Yen (JPY) strengthens against its American counterpart at the start of a new week, dragging the USD/JPY pair back below the 154.00 mark during the Asian session. The US Treasury bond yields fell sharply in reaction to Scott Bessent's nomination as US Treasury Secretary.
Fxstreet
Nov 25, 2024
GBP/USD climbs to 1.2600, away from multi-month low set on Friday on weaker USD
The GBP/USD pair opens with a bullish gap at the start of a new week and for now, seems to have snapped a three-day losing streak to sub-1.2500 levels, or its lowest level since May touched last Friday.
Fxstreet
Nov 25, 2024
Gold Price Forecast: XAU/USD holds above $2,700 on softer US Dollar, geopolitical risks
The Gold price (XAU/USD) jumps to around $2,720 during the early Asian session on Monday. The sell-off in the US Dollar (USD) provides some support to the USD-denominated Gold price. Additionally, rising geopolitical tensions continue to underpin safe-haven assets like yellow metal.Fxstreet
Nov 25, 2024
OpenAI reportedly hires ex-Google Chrome devs to build a new AI-powered browser
OpenAI has hired ex-Chrome developers to build a new browser that rivals Google. According to a recent scoop by The Information, OpenAI will also develop another search product called NLWeb that enables users to interact with partner websites conversationally.Cryptopolitan
Nov 25, 2024
EUR/USD finds resistance around 1.0500 after rebounding from two-year lows
EUR/USD recovers from its two-year low of 1.0332, recorded on Friday, trading near 1.0480 during Monday's Asian session. This rebound can be linked to a correction in the US Dollar (USD), despite robust preliminary S&P Global US Purchasing Managers’ Index (PMI) data released in the prior session.
Fxstreet
Nov 25, 2024
SEC loses big in court, crypto bags a major victory amid Gensler exit
A US federal court in Texas has vacated the Securities and Exchange Commission’s (SEC) controversial “dealer” rule in a massive win for the crypto industry. The ruling highlights the courts’ growing resistance to unchecked regulatory authority. This comes as Gary Gensler announced that he will be stCryptopolitan
Nov 22, 2024
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