UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
FxWirePro-Major European Indices 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
Stock Futures Dip as Investors Await Key Payrolls Data 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
2025 Market Outlook: Key January Events to Watch 
Wall Street Analysts Weigh in on Latest NFP Data 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
US oil chart on Trading View used for analysis
- US oil is trading in a narrow range, edges above 5-DMA at 51.96.
- Caution seen in the commodity markets ahead of an OPEC meeting next week.
- Members are expected to decide on some form of supply cut to counter an emerging glut.
- The pair has slipped below 200W SMA in the previous week's trade. Retrace and close above 200W SMA this week could see further upside.
- Oil prices have still fallen by almost one-third since early October, weighed down by the supply concerns.
- Technical studies are still biased lower, however bullish divergence on RSI and Stochs keeps scope for upside.
- Immediate resistance is seen at 200W SMA at 52.17, while 51.97 (5-DMA) is immediate support.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
