Key markets to watch this week; US500, AUDUSD, Soybean and Oil.WTI

4:02 PM 3 December 2018

There's been some large moves in the markets today following the G20 meeting over the weekend where US president Trump and his Chinese counterpart Xi seemingly agreed on a truce in their trade war:

US500: The market has rallied by almost 2% and moved back to key resistance from 2814-2824. Can bulls break through this barrier and extend the rally into year-end?


AUDUSD: Price has moved back above the 200 day SMA for the first time in over 7 months. With a possible inverse head and shoulders setup triggered do more gains lie ahead?


Soybean: Price has reached a 4 month high on reports that China will begin buying the commodity with immediate effect. 920 could be seen as an important line in the sand


Oil.WTI: There's been a large move higher of more than 4% on a dual boost of hopes for increased following the truce while speculation is mounting that OPEC+ are set to cut production later this week. Will the organisation deliver and boost prices after the market fell by more than a third in the past 2 months

 

 

 

 

 

 

 

 

Share:
Back

Join over 1 600 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits