Crude Oil Plummets as Dow, Gold and USD Cling to Familiar Levels
The Canadian Dollar may face selling pressure if the BOC outlook strikes a more cautious note ahead of a cascade of key jobs data as US-China trade tensions escalate.
The Australian Dollar is as in thrall to US-China trade headlines as any asset, but the coming week offers the prospect of much domestic distraction.
British Pound trading will be dominated this week by opinion polls ahead of the UK General Election on December 12 but a break of GBP’s recent narrow ranges may not come until after the election result.
A strong month for the Dow Jones, which hovers around record high territory, while the FTSE 100 remains capped at familiar resistance
The US Dollar may benefit from haven demand as key economic data falls short of expectations while any “phase 1” US-China trade deal disappoints.
Crude oil has shed all of this week’s gains and is trading at its lowest price in nine days, as sellers take control of the market. Next week’s price action is crucial for the short- to medium-term outlook for oil.
The US threatening a weekly doji off fresh monthly highs just ahead of critical. Here are the levels that matter on the DXY weekly chart heading into December.
Gold prices experienced the worst month since the Summer of 2018, but near-term price signals warn that XAU/USD could turn higher in the week ahead. Will this mark a lasting reversal?
Oil = Black
DXY = Green
Gold = Yellow
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