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OIL-DEC24


XM 研究

Daily Comment – Oil slumps after Israel’s attack; yen slips on Japan election shock

Oil and gold slide as Israel shows restraint in retaliatory strike on IranYen under pressure after LDP party loses majority in snap electionTrump poll boost keeps dollar firm as crucial US data week awaitsIsrael strikes back at Iran, but relief on measured attackOil prices tumbled as trading got underway on Monday, opening with a gap down as investors responded to Israel’s retaliatory attack against Iran on Saturday.
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Technical Analysis – WTI crude oil meets downtrend line again

WTI crude oil surpasses 20- and 50-day SMAsTechnical oscillators are mixedWTI crude oil futures are experiencing a new bullish wave, meeting the medium-term descending trend line again near the 73.00 level after the significant rebound off the 68.90 support level.Technically, the MACD oscillator is moving horizontally still beneath its trigger and zero lines; however, the stochastic oscillator is climbing above the 80 level, confirming the upside momentum in the market.
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US elections update: The race to the White House tightens

Trump closes in on Harris’s lead in the pollsNeck and neck race spurs market jittersOutcome still hinges on battleground statesTrump narrows the gapThe time for Americans to vote for a new president is drawing ever closer, but who will win on November 5 is looking a lot less certain now than it did when Vice President Kamala Harris entered the race.
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Volatility remains elevated in FX space and commodities – Volatility Watch

Euro/dollar volatility reaches new 30-day highVolatility in both gold and silver jumpsStock indices continue to experience average volatilityEuro/dollar volatility has climbed to the highest level of the past month, as the ECB delivered its much-expected rate cut and the discussion about the November Fed meeting is underway. But more importantly, the market is preparing for the November 5 US presidential election.
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