Euro Edges Lower, German Industrial Production Jumps

WTI futures fall to a 4-month low before attempting a recovery  But their rebound is being held down by the 200-day SMA  Momentum indicators suggest that positive momentum is picking up WTI oil futures (January delivery) have been on the retreat since their October peak of 89.85, breaking aggressively below historical support zones. Although the price managed to find its feet […]

An increase in dovish expectations on a rapid pace of Fed funds rate cuts projected for 2024 indicates a potential impending recession. An uptick in recession risk may see a further deterioration in the US 10-year Treasury real yield which reduces the opportunity costs for holding Spot Gold (XAU/USD). Spot Gold (XAU/USD) has managed to […]

Key Highlights USD/JPY started a recovery wave above the 142.00 resistance. It broke a major bearish trend line with resistance at 142.60 on the 4-hour chart. Bitcoin price recovered losses, but it might struggle above $43,800. The US nonfarm payrolls could change by 170K in Dec 2023, down from 199K. USD/JPY Technical Analysis The US […]