The GBP/USD appears set to begin its trading around the 1.34978 ratio on Monday morning, this after finishing last week’s price action with sustained gains.
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A quit Christmas holiday period was marked by wild gains and new record highs in precious metals
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Day traders who dare to pursue WTI Crude Oil this coming week will see the commodity ended Friday’s trading near the 56.655 mark, slightly above last week’s finish, but that isn’t the whole story.
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The EUR/USD has gone into this weekend near the 1.17091 ratio which is around lows seen on Wednesday and Friday before producing slight upticks.
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Despite lower US inflation, the market remained focus on a weak Japanese Yen and soaring precious metals as the Christmas holiday approaches.
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WTI Crude Oil will begin Monday’s trading near the 56.530 vicinity depending on the brokers’ platform being used, this as the commodity continued to swim within lower depths during last week’s trading.
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Discover this week’s outlook for forex, Bitcoin, and indices. Key support, resistance, and market sentiment ahead of Christmas.
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The US Dollar has continued to fall significantly, while the US stock market failed by its record high, and Silver continued to lead precious metals higher.
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The GBP/USD has gone into this weekend near 1.33670, this after starting the week around 1.33100 and touching a momentary high about 1.34325 on Thursday.
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WTI Crude Oil has gone into this weekend around the 57.145 price which is challenging lower prices seen in October of this year, the commodity provided bearish speculators with incremental movement downwards this past week.
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Weekly review of USD, EUR, GBP, Bitcoin, and Nasdaq highlighting key technical levels for smarter trading decisions.
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Markets are again dominated by risk-off sentiment, boosting stocks and sending the US Dollar lower, with Silver still leading precious metals higher.
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The EUR/USD went into the weekend near the 1.16433 level after starting this past Monday’s Forex trading around the 1.16300 vicinity, while the gains made may not look significant there are signs of sentiment shift.
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WTI Crude Oil finished this past week of trading with slight gains, and day traders who may have been enjoying a rather stable week of results were ‘treated’ to a spike lower late on Thursday via the commodity.
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