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The oil-dollar pair fell by 1.7% in the last trading session. The Williams Percent Range indicates that the market is currently oversold.
The AUD/USD pair declined by 1% in the last session. The Stochastic RSI signals that the market is oversold.
The EUR/USD pair edged lower by 0.1% in the last trading session. The Stochastic indicator is currently giving a positive signal.
The USD/JPY pair remained flat during the last trading session. According to the Williams Percent Range, the market is oversold.
This week, a critical inflation report is expected to test the resilience of US stocks, with the S&P 500 advancing over 27% year-to-date. A US federal appeals court has upheld a decision requiring ByteDance to divest TikTok by next year, impacting the app's operations in the US. Meanwhile, the People's Bank of China resumed gold purchases in November, solidifying its position as the top official sector buyer of 2023.
Notable economic events to watch include:
