Analyzes

The Pound Sterling (GBP) staged an impressive recovery against the US Dollar (USD), as GBP/USD clinched fresh monthly highs above the 1.3250 psychological level.

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.