FxAnalysis

Despite lower US inflation, the market remained focus on a weak Japanese Yen and soaring precious metals as the Christmas holiday approaches.

WTI Crude Oil will begin Monday’s trading near the 56.530 vicinity depending on the brokers’ platform being used, this as the commodity continued to swim within lower depths during last week’s trading.

Discover this week’s outlook for forex, Bitcoin, and indices. Key support, resistance, and market sentiment ahead of Christmas.

RBI intervention has paused the rupee’s slide and anchored USD/INR above 90, but markets keep buying dollars on dips amid global risks and a still-supportive Fed outlook.

The Japanese Yen (JPY) is not having the best year-end.

Gold (XAU/USD) started the year on a bullish note and registered impressive gains in the first quarter. Following a consolidation phase during the summer months, the precious metal surged higher in the third quarter and reached an all-time record high of $4,381 in October.