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A hawkish pivot on rate cuts by the US Federal Reserve sent stock markets tumbling, while commodity currencies were hard hit in the Forex market.
The EUR/USD went into this weekend within sight of 1.04300, which may be considered a good achievement after having a hit a low around the 1.03400 mark on late Wednesday and once again Friday.
Comprehensive weekly insights on Gold, Forex pairs, NASDAQ, WTI Crude, and DAX, focusing on key trends, support levels, and market movements.
WTI Crude Oil went into the weekend near the 69.500 USD mark, this as a two week stretch of holiday trading is looking speculators in the eyes as they decide if they want to participate.
Markets were dominated by bullishness in US tech stocks last week, and renewed strength in the US Dollar, while commodity currencies weakened.
The WTI crude oil price stabilized last week even as concerns about more supplies and weak demand remain.
A weekly analysis of silver, gold, forex pairs, and commodities highlights USD dominance, ECB rate cuts, and key levels for WTI crude and NASDAQ.
The EUR/USD notched a second weekly decline in a row after the European Central Bank (ECB) slashed interest rates and the US published the November inflation data on Wednesday.
Weekly forecast highlights Nikkei 225's breakout potential, S&P 500 resilience, GBP/USD targeting 1.30, Gold's recovery, and bearish outlooks for AUD/USD and NZD/USD.
The GBP/USD closed last week having made gains and early trading in the coming days will be watched intently to see if values can be sustained above the 1.27000 level.
The price of WTI Crude Oil fell below 67.000 USD on Friday and remained below the value level going into the weekend, this as speculative buying is finding it hard to create upwards momentum.
Markets were dominated by bullishness in US stocks last week, and Bitcoin’s breakout above the key psychological level at $100,000.
Markets were dominated by renewed bullishness in US stocks last week, as Bitcoin failed to break $100,000 and the US Dollar made a strong bearish retracement.
The EUR/USD climbed from its lows on the 22nd of November which were testing long-term low water from late November 2022, the recent upwards shifts shows behavioral sentiment appears to have solidified but it will be tested quickly.
BTC eyes $100K, metals hold support, ETH targets $4K, while currencies and WTI stay range-bound.
