Watch FXOpen's December 5 - 9 Weekly Market Wrap Video

FXOpen

In this video, FXOpen UK COO Gary Thomson sums up the week’s happenings and discusses the most significant news reports.

  • Brent Crude Oil is on the up as G7 price cap deals blow
  • UK's recession bites again as pound dives to 1.22 against US Dollar
  • The Pentagon signs a $9 billion contract
  • S&P500 closes lower for fourth day as recession fears bite
  • Watch our short and informative video and stay updated with FXOpen.

This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

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Commodities

Gold Price Balanced Amid Heightened Uncertainty

As the XAU/USD chart shows, last week gold prices fell sharply, interrupting the previous upward trend. This decline was driven by two main factors:

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Ahead of Nvidia’s (NVDA) Earnings: How the Price Could Move

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Forex Analysis

Market Analysis: AUD/USD and NZD/USD Hold Ground as Markets Watch Fresh Upside

AUD/USD started a fresh increase above 0.6500 and 0.6550. NZD/USD is also rising and might aim for more gains above 0.5700.

Important Takeaways for AUD USD and NZD USD Analysis Today

· The Aussie Dollar started

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