Hey traders, George here! You know the drillāgrab your coffee, your charts, or your trading app, because weāre diving straight into the market madness that was this week. Spoiler alert: the dollar tripped, gold got dizzy, and Trumpās tariff talk rattled the cage again. Letās break it down šš.
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1. š² US Dollar: Finally Hits a Speed Bump
The King Dollar stumbled? Say it aināt so! For the first time since September, the DXY index actually dropped. Cue the drama. But letās not get carried awayāthis isnāt the end of the road. The US economy is still flexing, and next weekās ISM surveys and non-farm payrolls are likely to remind everyone why the dollar has been dominating.
Hereās the deal: markets are already packed with optimism for the US economy. Unless we see something mind-blowing soon, the dollar could just chill through the rest of the year. But come 2025? Iād bet on another rally. Consolidation now, domination laterāsound familiar? š
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2. āØ Gold: Eyeing That Santa Rally
Goldās been playing hard to get all week, leaving traders wonderingācan it pull off an 8th consecutive Santa Rally this December? š š
Hereās the kicker: mixed US data and lower Treasury yields kept gold wobbly. Sure, December tends to be shiny for gold, but this year feelsā¦different. Watch the Fedās tone and next weekās jobs numbers. If the stars align, gold could still make a dash for Santaās sleigh. But if not? Letās just say, coal might be on the menu for traders banking on a rally šš.
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3. š Tariffs Are Back, Baby!
Oh, you thought the tariff drama was over? Enter Trump, stage right. His threats of 25% tariffs on Canada and Mexicoāand a casual 10% blanket on all Chinese goodsāshook markets harder than a double espresso. ā
The result? CAD and MXN took a nosedive, USDCAD shot past 1.4150, and Asian markets werenāt spared. General Motors? Down 9%āouch. If youāre trading anything tied to global trade, keep your helmet on. Volatility is not going anywhere. šš„
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4. šÆ Yen: Back in the Game
USDJPY just gave us a plot twist. The yen rallied to a 1-month high as haven buying surged. Tokyo inflation numbers came in hot š„, and whispers of a BoJ rate hike in December got traders buzzing. Add Trumpās Treasury Secretary pick into the mix, and the dollar slipped just enough to let the yen shine.
Fun fact: USDJPY was the most traded pair at Saxo this week. The moral? When the yen moves, traders jump.
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5. š® Whatās Coming Next Week?
If you thought this week was wild, buckle up:
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Jobs Bonanza: JOLTS (Tues), ADP (Wed), Jobless Claims (Thurs), and the big oneāNon-Farm Payrolls (Fri).
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Speeches That Matter: Powell and Lagarde both step up to the mic on Wednesday. š¤
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OPEC+ Spotlight: December 5thās meeting could shake up the oil markets.
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PMI Watch: US and European data drops early in the week.
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Earnings Lineup: Zscaler, Salesforce, Lululemon, and more.
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Final Thoughts: Stay Sharp, Stay Ready
Thatās it for this week, folks. The dollar may be catching its breath, but the markets arenāt slowing down. Tariffs, gold, and central bank moves will keep us on our toes into December.
Follow me for more insights, and as alwaysātrade smart, stay bold, and crush those markets. Until next week, this is George, signing off. āļøšø
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P.S. Got questions or thoughts? Drop them in the comments. Letās keep the conversation rolling! šļø
This post is originally published on ROADTOMILLION.
