Markets are again dominated by risk-off sentiment, boosting stocks and sending the US Dollar lower, with Silver leading precious metals higher.
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The GBP/USD went into this week near the 1.31725 ratio, which is essentially near values seen at the end of October, this as speculative conditions are likely rise in Forex in the coming days.
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WTI Crude Oil went into this weekend via futures prices around 59.595 which is very close to where the commodity finished in the previous week.
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Stock markets and the US Dollar lost ground last week against a backdrop of increasing market nervousness, and an increasing belief that the Fed will not make a rate cut in December.
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A concise weekly look at major markets, covering key levels and trends across forex, commodities, crypto, and indices with potential breakout signals.
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Stock markets and the US Dollar lost ground last week against a backdrop of increasing nervousness about tech overvaluation and an increase in the perceived probability that the Fed will cut rates next week.
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The EUR/USD went into this weekend near the 1.15638 ratio, this after producing a solid reversal higher after hitting lows around 1.14675 on Wednesday.
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WTI Crude Oil has gone into this weekend within lower values once again and closed Friday’s trading via futures around the 59.495 ratio.
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Weekly market overview: key forex pairs, gold, oil, Bitcoin, and natural gas show mixed trends and volatility.
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Stock markets in Asia have continued to rise strongly, while US stocks have lost some bullish momentum. The US Dollar has a new bullish trend which is moving the Forex market.
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