Crude oil prices are nearing a 10 percent loss this week, which would be the worst since March amid rising recession woes. WTI appears to be trading within a Falling Wedge chart pattern.

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The economic docket is thinning out, shifting the focus from imminent volatility catalysts to anticipation for the heavy fundamental seas next week. That may or may not chasten the recent rebound in VIX, but it is likely to bolster the weight of technical barriers from the likes of the S&P 500 and USDJPY.

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Bitcoin and Ethereum have been relatively calm given the headlines, with each market consolidating over the past few weeks.

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The false break reversal from Gold after the short-lived rally above the 200-day moving average has itself run out of momentum quickly, with the commodity up 1.1 percent Wednesday. While the recently developed range is young, anticipation for next week’s FOMC decision could anchor the metal as readily as the Dollar and S&P 500.

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The Canadian Dollar has been one of the weakest currencies in the world over the past few weeks and the Bank of Canada just took a dovish turn – can more CAD weakness be on the way?

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