Copper prices are coiling up for what may be a decisive breakdown as US-China trade talks stall while global economic growth continues to slow.
Gold price’s next move is largely dependent upon what happens in the US-China trade war.
The Australian Dollar is as in thrall to US-China trade headlines as any asset, but the coming week offers the prospect of much domestic distraction.
The Australian Dollar has wilted through November partly thanks to its lack of monetary policy support. At least one major domestic bank thinks it has even less than markets reckon.
Silver prices may have a bullish session ahead after Trump signed a controversial bill supporting the Hong Kong protests which may catalyze an upside breakout in XAG/USD
The price of gold may attempt to break out of the range bound price action from earlier this week as the precious metal holds above the monthly low ($1446).
The Relative Strength Index (RSI) may offer a bearish signal for USD/CAD as the oscillator threatens the upward trend from earlier this month.
The Australian Dollar is like all other markets focused on US-China trade headlines. However terrible weakness in Chinese industrial profits set it back.
USD/CAD has enjoyed a remarkable rally throughout November but is nearing longstanding technical resist which has worked to stall previous rallies. Does this mean USD/CAD is due for a reversal lower?
The Australian Dollar has weakened since October, but could pause on the way down if the RBA Governor again wonders how far easy money policy should be taken. The ASX might not welcome such sentiment.