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Crude Oil markets rallied to push WTI to $70/barrel. Barrel prices jumped after the EIA posted a larger-than-expected stocks drawdown. OPEC has lowered its global Crude Oil demand forecast, but China hopes remain. West Texas Intermediate (WTI) Crude Oil prices rallied on Wednesday, jumping around 2.

Friday's softish US jobs report only landed a glancing blow on the dollar and the Dollar Index (DXY) did indeed find good support below 106. Geopolitics is probably helping the USD a little. Markets probably do not know immediately what to make of the regime change in Syria, but uncertainty in Korea

The Pound Sterling rises as BoE Governor Andrew Bailey sticks to follow a gradual policy-easing approach. Financial market participants expect the BoE to keep interest rates steady in the policy meeting on December 19. Fed Powell expects that the central bank has the comfort of becoming “cautious” o

The market action suggests that the corrective upswing is maturing and likely about to end. How can we tell? Silver. A Correction Nearing Its End Silver is outperforming today, while miners are no longer doing so. In yesterday’s Gold Trading Alert, I wrote about the likely reason behind the rally in

EUR/USD falls as the US Dollar steadies in a thin-trading weekend due to holidays in the US on account of Thanksgiving Day. ECB Schnabel ruled of risks of inflation undershooting ECB’s target. Investors await the German HICP data for fresh ECB interest rate guidance. EUR/USD ticks down on Thursday a

USD could weaken; given the oversold conditions. Downward momentum has increased, albeit not significantly, UOB Group’s FX analyst Quek Ser Leang and Lee Sue Ann note. Downward momentum has increased 24-HOUR VIEW: “Yesterday, we indicated that ‘The current price action is likely part of a range trad