Gold (XAU/USD) gathered bullish momentum at the beginning of the week on growing expectations of a Federal Reserve (Fed) interest rate cut in December.

The EUR/USD pair held within familiar levels in the last trading day of November, settling below the 1.1600 mark. The pair had made little progress throughout the month and even clinched a fresh three-month low of 1.1468, despite broad US Dollar (USD) weakness.

Bitcoin’s rally stalled near $92,500 as fading momentum and institutional caution suggest further consolidation, with critical levels at $80,000 and $93,000 guiding near-term outlook.

Crude oil remains range-bound between $55 and $60 amid thin holiday trading, with resistance holding firm and short-term selling signals emerging near key levels.

USD/CAD traded sideways on Thursday in thin holiday conditions, holding near key support at 1.40 as markets balance weak oil prices against dovish Fed rate expectations.

Following the bullish action seen in the first half of the week, EUR/USD corrects lower on Friday and declines toward 1.1550. The pair’s technical outlook points to a loss of bullish momentum. Financial markets in the US will close early on Black Friday.