Crude oil bounced around to start the week amid reports that OPEC+ was considering adding to production that was later denied by Saudi Arabia.
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Crude oil bounced around to start the week amid reports that OPEC+ was considering adding to production that was later denied by Saudi Arabia.
from DailyFX – Market News https://bit.ly/3ERNvRN
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The US Dollar soared on Monday as the Nasdaq 100 sank. A reemergence in harsh Chinese Covid lockdown threats leaves Asia-Pacific markets vulnerable on Tuesday.
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Despite the provocative head-and-shoulders pattern breakdown from USDCAD early in November, the pair picked back up its recovery effort Monday amid Fed rhetoric that has recharged rate forecasts. Could the run of Canadian data ahead throttle or perhaps amplify this upswing?
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US equities have shown a tendency towards range-bound behavior but the Nasdaq is starting to show a bearish lean: Might the impasse be nearing a break?
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Gold prices sit at an important precipice, testing support at prior resistance after a pullback from a key zone at 1786-1794 last week.
from DailyFX – Market News https://bit.ly/3Xort0n
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