technical

A concise weekly look at key markets, with updates on currencies, crypto, stocks, and commodities as volatility shapes December trading.

Another week, another decline for the US Dollar (USD).

EUR/USD has finally taken a breather after a pretty energetic climb. The pair broke above 1.1680 in the second half of the week, reaching its highest levels in around two months before running into some selling pressure.

The US Dollar (USD) remained on the back foot this week, continuing the broad downward trend that has been in place since late November.

After rising more than 3.5% in the previous week, Gold (XAU/USD) has entered a consolidation phase and fluctuated at around $4,200.

The Pound Sterling (GBP) recovery gathered steam against the US Dollar (USD), driving GBP/USD to fresh five-week highs above the 1.3350 level.