
Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
2020-11-18 • Updated
NZD/JPY: The pair is trading below the cloud. A downward pressure would lead the pair to exit further the cloud, confirming a bearish outlook.
XAU/USD: Gold after last week’s sell off is trading on the 38.2% retracement area.
US stocks are set to open slightly lower, retracing some - but by no means all - of Monday’s surge that took both the Dow Jones and S&P 500 to new record highs. President Donald Trump continues to make life as hard for the incoming administration as possible. The Wall Street Journal said the outgoing administration is drawing up plans to order a further drawdown of US troops in Iraq and Afghanistan by January 15, five days before he leaves office. The so-called OPEC+ bloc of oil producers will hold a virtual meeting of technical experts to review the state of the oil market, two weeks before its ministers decide on the bloc’s output policy for the coming months.
Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
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