AUD/USD receives downward pressure from rising odds of fewer rate cuts by the US Federal Reserve. RBA hinted at potential rate cuts in 2025, with markets anticipating a reduction to 3.6% by year-end.
The British pound has seen a little bit of choppy sideways action during the trading session on Thursday, as we continue to see a lot of noise in the market.
Gold prices fell on Friday as trading volumes remained low after the Christmas holidays. Gold prices have climbed 27% since the start of 2024, which is its best annual performance since 2010.
Investors are keeping a close eye on BRISTOL-MYERS SQUIBB CO (NYSEBMY) as it boasts an impressive technical rating of 7 out of 10, signaling a possible breakout.
Bitcoin consolidates below $100K, with key support at $88K-$90K, while a breakout above $100K could target $108K amid strong technical and psychological factors.
Holiday retail sales in the United States in 2024 outpaced forecasts, with consumers flocking to last-minute online deals and convenient shopping options like curbside pickup and free delivery.
The market now looks forward to the Jan. 7-10 Consumer Electronics Show in Las Vegas, where SoundHound AI will showcase its first-of-its-kind voice AI for automotive.
Amazon may be known for its retail and tech chops, but the company has also built a strong operation in the healthcare realm over the last several years.
Among Apple, Nvidia, Microsoft, Alphabet, Amazon, Meta Platforms, and Tesla, there's a dominant company waiting to captivate investors with a historic stock-split announcement.
