Bank of America Posts Strong Q4 2024 Results, Shares Rise 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
Major Currency Score: EUR/USD, GBP/USD, AUD/USD & NZD/USD Extremely Bearish (-100); USD/CHF & USD/CAD Extremely Bullish (+100) 
FxWirePro: NZD/USD hovers near 0.5600,outlook strongly bearish 
FxWirePro: EUR/AUD recovers some ground, but outlook remains bearish 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
Energy Sector Outlook 2025: AI's Role and Market Dynamics 
FxWirePro- Woodies Pivot (Major) 
FxWirePro: GBP/NZD uptrend loses steam, remains on bullish path 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
FxWirePro: GBP/AUD firms slightly, but downward resumption looks likely 
Fade the Rally: EUR/JPY Short Opportunity Near 180.80 
JPY Major Currency Score: All Pairs Trading Flat with Neutral Bias 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
EURUSD Weakens as Dollar Strength Dominates; Technicals Suggest Sell-on-Rally Opportunity 
Wall Street Analysts Weigh in on Latest NFP Data 
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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.
