WTI Crude Oil went into this weekend via futures prices around 59.595 which is very close to where the commodity finished in the previous week.

Stock markets and the US Dollar lost ground last week against a backdrop of increasing market nervousness, and an increasing belief that the Fed will not make a rate cut in December.

A concise weekly look at major markets, covering key levels and trends across forex, commodities, crypto, and indices with potential breakout signals.

The US Dollar (USD) could not reverse the ongoing bearish tone this week, prompting the US Dollar Index (DXY) to retreat for the second week in a row. That said, the index further extended its rejection from recent multi-week highs north of the psychological 100.00 barrier set on November 5.

The US Dollar (USD) chalked up a second straight week of losses, extending its pullback from early-November highs.

The Pound Sterling (GBP) consolidated its recovery from seven-month lows against the US Dollar (USD), as GBP/USD lacked bullish conviction.