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Australian Dollar attracts some sellers as weaker data spurs RBA rate cut speculation
The Australian Dollar (AUD) remains under selling pressure on Thursday. The disappointing Australian economic data and rising expectations for an early interest rate cut by the Reserve Bank of Australia (RBA) drag the Aussie lower.
Fxstreet
Dec 5, 2024
Here's Why Snowflake Stock Soared 52% Last Month
Shares of data company Snowflake (NYSE: SNOW) soared 52.2% during November, according to data provided by S&P Global Market Intelligence. The stock was already up about 15% in the first half of the month. But it skyrocketed after reporting financial results for its fiscal third quarter of 2025 on NoThe Motley Fool
Dec 5, 2024
Gold price edges higher on Powell’s comments
Gold price advances during Wednesday’s North American session, sponsored by mixed US economic data. Nevertheless, the non-yielding metal remained slightly subdued as Federal Reserve (Fed) Chair Jerome Powell crossed the wires. The XAU/USD trades at $2,652, up 0.35%.
Ripple’s $RLUSD launch is delayed pending final NYDFS approval
Ripple has clarified that despite ongoing speculation, it won’t launch its stablecoin, the $RLUSD, today. The firm stated it is keen to launch under the supervision of the New York Department of Financial Services (NYDFS) while upholding the regulations.
BNB Price Surge: Upbeat Momentum Builds After $724 Breakout
BNB has taken the spotlight with a powerful surge, breaking past the critical $724 resistance level and signaling the potential for more growth. This breakout has ignited bullish momentum, sparking speculation that the token could be gearing up for uncharted territory.
Beige Book: Fed districts report slight growth, rising business optimism for 2025
The Federal Reserve (Fed) commented in its latest Beige Book survey released on Wednesday that US economic activity increased slightly in November after little change in preceding months, and US businesses grew more upbeat about demand prospects.
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