Eightcap Trading Area Weekly market summary | Fore

Description:
Welcome to the wrap-up trading for the week of November 25th. In today's analysis, instead of focusing on one market, we have focused on the analysis of multiple markets.The market's focus this week will undoubtedly be the FMOC Fed rate-setting minutes, which show a slight change in sentiment from a Fed that has been very hawkish of late. The minutes showed that future rate hikes were likely to be fewer in number and intensity, and the bank also examined whether the last rate increase was excessive. As the market expected, this had a negative impact on the US dollar and we saw a rally in major risk currencies such as the Australian dollar, euro and sterling. The pound set a new monthly high.We are still watching the continuation pattern and looking to see if buyers can bring prices back above previous highs. Gold is another example where we see signs that buyers may be starting to gain continuity. Today, the buy-side driver looks a little shaky, and we'd like to see a new high to confirm that the buy-side is truly back in charge.Stock indexes were another winner. We have seen the Dow, DAX, CAC and FTSE continue to move higher. The Nasdaq has had a good week, but is still lagging behind the Dow after recent concerns in the tech sector.Crude oil has had an interesting week. After falling to a new monthly low, buyers fought back from a 6 percent decline to close higher. On Wednesday, prices plunged again after an internally low high. The low stops at 77, which is a level below which looks to be relatively stable for buyers. Support looks to be forming, but until we see a new failure for sellers, we can't say it's confirmed.
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source:financefeeds Fx news
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IS THE UK ECONOMY COMING OUT OF RECESSION? EURGBP LOOKS PROMISING
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FINASTRA BRINGS TRADING PLATFORM AND RISK SOLUTION TO TAIWANESE BANKS VIA SYSTEX
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Us stocks fell after Federal Reserve Chairman Jerome Powell hit back at expectations of a rate cut
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NEW YORK’S HARDLINE APPROACH TO FRAUD: FROM CRYPTO TO TRUMP
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ARE INVESTORS TURNING TO COMMODITIES AHEAD OF TOMORROW’S FOMC MINUTES?
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