Concerns about over an imminent recession have receded, allowing riskier assets to recover, however, the oil market continues to price in concerns of lower global demand
Source
IG Retail Sentiment Snapshot: Oil, AUD/USD and DAX
access_timeNovember 21, 2024
Latest:
- GBPUSD Technical Analysis – Waiting for a breakout
- ECB’s Patsalides: If Dec projections confirm baseline scenario, there is room to cut rates
- USDCAD Technical Analysis – We are at a key support zone
- Fed’s Barkin says does not want to prejudge December meeting
- ECB’s Stournaras vouches for a 25 bps rate cut in December
- Crude Oil Technical Analysis – We are stuck in a range
- Gold Technical Analysis – New highs as rate cuts repricing pauses
- Fed’s Williams: The disinflationary process will continue
- BOJ governor Ueda: We don’t make comments on short-term FX moves
- ECB’s Villeroy: The balance of risks on growth, inflation is shifting to the downside
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