Commodity Market Report Bonds Forex Metals Energy - Technical Analysis Elliott Wave and Trading Strategies.
Content: US Bond Yields, USD, DXY, USDCAD USDJPY, EURUSD, GBPUSD, AUDUSD, US Gold, GDX, Silver, Copper, Iron Ore, Lithium, Nickel, Crude Oil, Natural Gas.
Commodities Market Summary: US Dollar is confirmed as bearish, opening the door for long trades in markets such as AUD, GBP, EUR, Gold, Silver.
Trading Strategies: See video.
Video chapters
00:00 US Gov Bonds 10 Yr Yields / AU 10 Yr Bonds
00:51 Forex: US Dollar Index, DXY, USDCAD USDJPY, EURUSD, GBPUSD, AUDUSD
09:34 Precious Metals: Spot Gold / GDX ETF / US Spot Silver
20:43 Base Metals: US Copper / Lithium / Nickel / Iron Ore
26:55 Energy: Crude Oil / US Oil Fund / Natural Gas / US Gas Fund
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EUR/USD extends recovery beyond 1.0400 amid Wall Street's turnaround
EUR/USD extends its recovery beyond 1.0400, helped by the better performance of Wall Street and softer-than-anticipated United States PCE inflation. Profit-taking ahead of the winter holidays also takes its toll.
GBP/USD nears 1.2600 on renewed USD weakness
GBP/USD extends its rebound from multi-month lows and approaches 1.2600. The US Dollar stays on the back foot after softer-than-expected PCE inflation data, helping the pair edge higher. Nevertheless, GBP/USD remains on track to end the week in negative territory.
Gold rises above $2,620 as US yields edge lower
Gold extends its daily rebound and trades above $2,620 on Friday. The benchmark 10-year US Treasury bond yield declines toward 4.5% following the PCE inflation data for November, helping XAU/USD stretch higher in the American session.
Bitcoin crashes to $96,000, altcoins bleed: Top trades for sidelined buyers
Bitcoin (BTC) slipped under the $100,000 milestone and touched the $96,000 level briefly on Friday, a sharp decline that has also hit hard prices of other altcoins and particularly meme coins.
Bank of England stays on hold, but a dovish front is building
Bank of England rates were maintained at 4.75% today, in line with expectations. However, the 6-3 vote split sent a moderately dovish signal to markets, prompting some dovish repricing and a weaker pound. We remain more dovish than market pricing for 2025.
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