• Prior +6.3%
• Market index 213.9 vs 208.0 prior
• Purchase index 161.5 vs 152.9 prior
• Refinance index 498.5 vs 501.7 prior
• 30-year mortgage rate 6.69% vs 6.86% prior

This article was written by Justin Low at www.forexlive.com.

Fundamental
Overview

The fundamentals in the
crude oil market haven’t changed much in the past month. In fact, crude oil remains
confined in a range between the 72.00 resistance and the 67.00 support as the
market continues to weigh the future scenarios.

On one hand, we have the
Trump’s victory which might be seen as bearish for fear of the tariffs and a slowdown
in global growth as other countries could retaliate. You can throw there also a
potential increase in supply and the geopolitical risk premium easing with the
Trump’s administration.

On the other hand, we might
have an increase in global growth expectations due to the global central bank
easing and the Trump’s pro-growth policies. We’ve been seeing early signs of
this with the latest US data reaccelerating.

Crude Oil
Technical Analysis – Daily Timeframe

On the daily chart, we can
see that crude oil continues to trade in a range between the resistance around the 72.00 handle and the
support around the 67.00 handle. The buyers will want to see the price breaking
higher to increase the bullish bets into the 78.00 handle next, while the
sellers will look for a break lower to extend the drop into the 65.00 handle.

Crude Oil Technical
Analysis – 4 hour Timeframe

On the 4 hour chart, we can
see that the price recently broke above the middle of the range around the
69.50 level which acts as kind of a barometer for the short term sentiment. The
buyers piled in on a break higher and will now target a rally into the top of
the range. The sellers will need to see the price falling back below the 69.50
level to position for a drop into the 67.00 support.

Crude Oil Technical
Analysis – 1 hour Timeframe

On the 1 hour chart, we can
see more clearly the recent price action with the rally from the lows likely helped
by strong US ISM Manufacturing PMI data and the positioning into an OPEC+
output cut extension.

If we get a pullback into
the 69.50 zone, we can expect the buyers to pile in for a rally into the 72.00
resistance, while the sellers will look for a break lower to target the lows. The
red lines define the average daily range for today.

Upcoming
Catalysts

Today, we
have the US ADP, the US ISM Services PMI and Fed Chair Powell speaking. Tomorrow,
we get the latest US Jobless Claims figures. Finally, on Friday, we conclude
the week with the US NFP report.

This article was written by Giuseppe Dellamotta at www.forexlive.com.

From earlier: USD/JPY bounce starts to gain some traction

The traction is certainly building up to a stronger momentum today with the pair now touching the 151.00 mark. As mentioned in the post above, it comes after the bounce today moved past the 100-hour moving average (red line). That switched the near-term bias to being more neutral and opens up some room to roam for the pair. The 200-hour moving average (blue line) is still a distance away at 151.75 currently.

The dollar is keeping steadier but is not seeing broad-based strength against the rest of the major currencies bloc. That being said, higher Treasury yields is also helping with the mood as well as a bid in Japanese bonds on the day.

10-year yields in the US are up 3.5 bps to 4.254% while 10-year yields in Japan are down 2 bps to 1.060%. The latter is perhaps an indication of traders toning down rate hike expectations on the BOJ. The odds of a 25 bps rate hike are now at ~37%, down from ~54% yesterday.

In the bigger picture though, buyers are keeping a solid bounce off a test of the 100-day moving average this week. So, that is encouraging. It will now come down to US labour market data to vindicate the moves we’re seeing in European morning trade and if there is scope for a further rebound on the week.

This article was written by Justin Low at www.forexlive.com.

From earlier: Australia GDP Q3 0.3% versus 0.4% estimate

After the report was released, the aussie dropped and eventually took a run under the key short-term support region of 0.6433-50. There was a slight bounce after as we began European trading but now we’re seeing price run back to the downside.

If the technical break is reaffirmed, it lines up the pair to test daily support at around 0.6389 next with the August low of 0.6347 also in focus.

It’s been a poor last two months for the aussie against the dollar and that looks set to run further in December, at least for now.

The recent slide in the Chinese yuan is also arguably not helping with overall sentiment. And with the dollar keeping steadier amid some light pushing and pulling this week, the cracks are starting to show in AUD/USD as key technical levels are challenged.

As for the RBA pricing, not too much has changed in the immediate term. However, traders are now seeing the first rate cut to be in April and no longer in May next year. So, there’s that. As for rate cuts until July next year, traders are seeing ~50 bps and that’s not all too different from yesterday.

In any case, sellers are now well in control with the other support levels noted above being the ones to watch out for next.

The dollar in general is keeping in a good spot today, with USD/JPY also up 0.8% to 150.85 now as the rebound gains traction.

This article was written by Justin Low at www.forexlive.com.

The Binary Holdings, a $16.9 billion technology leader,
today announced a strategic investment of up to $5 million from ABO Digital, a
digital asset investment firm providing alternative financing solutions to
cryptocurrency projects around the world. This investment will power The Binary
Holdings to accelerate its mission of transforming the global digital economy.

With a robust user base of 169 million across multiple
verticals, The Binary Holdings is reshaping how businesses, consumers, and
investors interact in the digital landscape, and is targeting one billion users
by 2025. This collaboration will drive the expansion of a decentralised open
network that seamlessly integrates with Web2 infrastructure while unlocking the
full potential of Web3, empowering businesses and users to benefit from digital
services such as cross border payments, gaming, digital social and other
compelling services.

The Binary Holdings has established itself as a central
player in decentralised connectivity, working with a range of partners,
including major telecom providers, to redefine how people and businesses
interact across regions. Through contracts with seven leading telcos and a
growing network of non-telco partners, The Binary Holdings is setting a new
benchmark for global interoperability in digital commerce. At the centre of the
Decentralised Open Network for Distribution and Commerce is The Binary Network,
where users, businesses, and service providers can seamlessly connect and
transact across borders.

By using BNRY, the network’s single digital currency, The
Binary Network is redefining the way value flows between participants, ensuring
that payments are frictionless and accessible to users worldwide. This bold
vision of using a single digital currency across its vast ecosystem enables
true interoperability and cross-pollination amongst its diverse range of
partners in both the telco and non-telco sectors, allowing for commerce to flow
in a way that was previously unimaginable, eliminating the barriers between
platforms and national borders.

The platform’s ability to facilitate seamless transactions
and interactions across multiple industries has already garnered attention from
some of the world’s largest companies. With contracts signed with seven major
telcos, The Binary Holdings is on track to reach 1 billion users by December
2025, becoming a true global player in the decentralised economy.

Introducing Millenia – Digital Bank for Seamless
Cross-Border Transactions

In Q2 2025, The Binary Holdings will launch Millenia, a
digital bank aimed at simplifying cross-border payments and remittances for
users within The Binary Network. Designed to empower seamless transactions for
individuals and businesses, Millenia will offer a low-cost, fast, and
transparent service powered by the secure decentralised and interoperable
infrastructure of The Binary Network, with BNRY as the primary transaction
digital currency.

Supporting Multi-Chain Compatibility and Global dApp
Growth

The Binary Holdings‘ blockchain infrastructure is gaining
strong traction among dApp developers. Through partnerships with over seven
Layer 1 and Layer 2 blockchain networks, The Binary Holdings has created unique
bridges which provide dApps immediate access to Binary’s expanding user base of
169 million, projected to reach one billion by 2025, creating unmatched
engagement and utility.

By bridging Web2 and Web3, The Binary Holdings addresses a
key challenge in the sector, accelerating Web3 adoption at scale and
establishing itself as a leader in building tangible utility and mass adoption.

“The Binary Holdings is at the forefront of creating a new
global standard for digital distribution and commerce,” said Siddharth Sahi,
CBO, The Binary Holdings. “With the launch of the Binary Digital Bank, support
from ABO Digital, and an expanding network of partners, we’re excited to
continue pushing boundaries and bringing innovative solutions to our global
community.”

A Tech Powerhouse in Southeast Asia and the Middle East
and a Global Leader in the Digital Economy through Mass Adoption

The Binary Holdings is rapidly establishing itself as one of
the region’s most valuable and innovative tech companies, with a valuation of
$16.9 billion. With strong partnerships, an expanding user base, and a
commitment to essential infrastructure, The Binary Holdings is on track to
become a global digital economy leader. Its blockchain technology drives
innovation in decentralized finance (DeFi), NFTs, gaming, and digital commerce
at scale, building a robust ecosystem that redefines business, payments, and
global interactions.

“We are excited to collaborate with The Binary Holdings at
such a pivotal time in the evolution of the digital economy” said Talal Samy,
Investment Associate at ABO Digital. “The company’s ability to innovate, scale,
and bring real-world solutions to a global audience is unmatched. Their
groundbreaking work in creating seamless global interoperability and fostering
mass adoption of decentralised technologies aligns perfectly with our mission,
and we are proud to support them as they continue to shape the future of Web3.”

With ABO Digital’s support and its expanding ecosystem and
through real-world applications, from digital payments to cross-border
commerce, The Binary Holdings is pushing Web3 and blockchain into the
mainstream.

About ABO Digital

ABO Digital is an investment firm providing alternative
financing solutions to cryptocurrency projects around the world. It is part of
the Alpha Blue Ocean group, a pioneering multi-family office renowned for its
leadership in alternative finance and innovative investment strategies. With a
global presence and a commitment to supporting groundbreaking projects, ABO
Digital has established itself as a driving force in fostering technological
advancements and sustainable growth across various sectors, including health,
medical innovation, and now, blockchain technologies.

About The Binary Holdings Limited

Headquartered in Dubai, UAE, and with a global user base of
169 million, The Binary Holdings Limited (https://www.thebinaryholdings.com/) is
a leading decentralised technology company committed to creating open,
interoperable networks for digital commerce. By 2025, it aims to empower a
billion users worldwide with secure, scalable blockchain infrastructure.

This article was written by FL Contributors at www.forexlive.com.