Crude oil settles at $58.84. Tests the 100 hour MA on the rebound.Looking at the hourly chart, the low price today was near the low prices from Friday's trade near $57.39. The subsequent move to the upside did extend close to the falling 100 hour moving average of $58.99.

FX Today: US Retail Sales, Producer Prices and German GDP figures next on tap.FX Today: US Retail Sales, Producer Prices and German GDP figures next on tap

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Prices Rebound As Traders Stay Focused On Ukraine Peace Talks.Oil markets move away from monthly lows.

Japanese Yen Forecast: USD/JPY Renews Rally – 158.00 Next?.Japanese markets were closed today for the Labor Thanksgiving Day holiday, but that's done little to deter yen sellers. Year to date, the Japanese yen is almost exactly flat against the US dollar…which doesn't necessarily sound terrible until you realize that those are the two worst performing major currencies in 2025 and they've fallen by more than 11% against the euro and Swiss franc:

United States 2-Year Note Auction: 3.489% vs previous 3.504%.United States 2-Year Note Auction: 3.489% vs previous 3.504%

BEA: GDP 3Q data originally scheduled for October 30 is canceled.For the economic schedule, the Bureau of economic analysis or BEA says that the Q3 GDP advance estimate has been canceled with the 2nd estimate rescheduled although no date yet has been set.

ECB'S Nagel: ECB keeps an eye on strong price increase in services.ECB'S Nagel: ECB keeps an eye on strong price increase in services

WTI Price Forecast: Bias stays lower with RSI below 50 and key SMAs overhead.WTI Price Forecast: Bias stays lower with RSI below 50 and key SMAs overhead

Brazil central bank still uneasy on inflation outlook, governor says.Brazil's central bank remains dissatisfied with progress toward bringing inflation back to its target, its governor said on Monday, stressing that policymakers will maintain a data-dependent approach.

US Industrial output revised to -0.1% from 0.1%. Capacity utilization revised lower.For what it's worth, August data for manufacturing activity is revised lower: Industrial production revised to -0.1% from 0.1% Capacity utilization revised to 75.8% from 77.4%. Manufacturing output revised to 0.1% from 0.2% The Federal Reserve also issued annual benchmark revisions to the US industrial production capacity utilization data.

U.S. Dollar Stays Close To Multi-Month Highs: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY.The American currency is swinging between gains and losses at the start of the week.

Russia's largest lender sees economy cooling for another year.Russia's economy is seeing "continued cooling" with growth likely to remain at around 1% next year and business activity remaining weak for four to five quarters, a senior executive at Sberbank, the country's largest lender, told Reuters.

DXY Index forecast: here's why US Dollar is set for more gains.The US Dollar Index (DXY) continued its strong rebound this month and is now hovering near its highest point since May 29. It has jumped by over 4% from the year-to-date low and technicals suggest that it has more upside.

Shorter Week To Clarify Whether The US Dollar Can Keep Its Stability.Wall Street couldn't avoid the worst performance of the quarter last week. AI trade cracked again, and a messy jobs report further complicated Federal Reserve planning.

United States Dallas Fed Manufacturing Business Index declined to -10.4 in November from previous -5.United States Dallas Fed Manufacturing Business Index declined to -10.4 in November from previous -5

Rabobank US Dollar to Yen Forecast: USD/JPY.Dollar Near ¥157 as Rabobank Warns Yen Weakness May Reverse on BoJ Hawkish Shift The Dollar to Yen (USD/JPY) closed the week at 157.12 (+0.27%), extending its climb despite firmer Japanese yields and persistent speculation over potential Ministry of Finance intervention. Latest — Exchange Rates:Pound to Dollar (GBP/USD): 1.30848.

US Dollar Forecast: Dollar Softens with Intervention Risk in Yen and Fed Cuts in Focus.DXY weakens in thin holiday trade as softer Treasury yields, rising Fed cut expectations, and cross-currency flows pressure the dollar ahead of key U.S. data.

Natural Gas Price Outlook – Natural Gas Continues to Elevate.Natural gas pushes higher early Monday, but recent sharp gains leave the market volatile and difficult to chase. Key resistance looms near $4.75, while traders eye support zones and seasonal demand as potential drivers for dip-buying opportunities.

China State Media: China Pres. Xi and US Pres..His focus on revenues seems good, but the other countries may or may not pay. If they lower prices and eat the cost of exports, they will effectively pay.

Dollar Index (DXY) Technical Outlook: Pivotal Week for Dollar as Acceptance Above 100.00 Remains Key.Market participants are eyeing the US Dollar Index (DXY) as it hovers above the crucial 100.00 barrier. The greenbacks recent rally has been impressive but may fail to gain traction unless acceptance is achieved beyond the 100.00 psychological level.

EU Sefcovic: EU team is set to go to Washington to tackle various issues.EU Sefcovic: EU team set to go to Washington to tackle various issues EU set priority on steel, including tackling overcapacity for EU. Conditions in place to launch negotiations on US steel tariffs.

Crude Oil Price Outlook – Oil Continues to See Overhead Pressures.Crude oil trades choppily near $58 as earlier gains from Russian sanctions fade and gaps are filled. Support levels may emerge, but persistent oversupply and weakening demand continue to make rallies that stall appealing shorting setups.

Dollar Soft as Fed Doves Lift Cut Odds to 75%; Yen Slumps Again.Dollar is trading on the back foot today as markets add to bets on a December Fed rate cut, extending the repricing that began late last week. The shift was triggered by New York Fed President John Williams, who surprised markets last Friday by saying he sees room for a further “near-term adjustment,” reversing the hawkish tone embedded after the FOMC minutes.

Fed's Waller backs December cut, says January depends on data flood.Fed Governor Christopher Waller signaled clear support for a December rate cut, saying most private-sector and anecdotal data since the last FOMC meeting show little improvement in economic conditions. He noted that the labor market “is soft” and “continuing to weaken,” with inflation expected to ease, creating an environment where another cut next month is appropriate.

Fed's Waller: Advocating for rate cut at December meeting.Fed's Waller: Advocating for rate cut at December meeting

Oil Price News: Why $55 Could Be the Next Target for WTI.WTI remains under strong downward pressure as rising onshore inventories, momentum in the US peace process, and bearish COT positioning align with sustained Shale 4.0 supply growth to signal a sharp decline towards $50.

investingLive European markets wrap: Risk bounce holds, dollar mixed to start the week.The session was a relatively quiet one to start the new week as market players are waiting to see if there will be any follow up to the late rebound in Wall Street from Friday. The good news is that the positive mood is holding up somewhat, though there were some nerves as US futures cut gains to nearly flat levels at one point in the past two hours.

USD/JPY: Likelihood of USD rising to 158.00 is diminishing – UOB Group.USD/JPY: Likelihood of USD rising to 158.00 is diminishing – UOB Group

 USD/JPY bounces up and nears 157.00 with BoJ intervention looming. USD/JPY bounces up and nears 157.00 with BoJ intervention looming

JPY: Japan unveils fiscal package to ease inflation pressures – Commerzbank.JPY: Japan unveils fiscal package to ease inflation pressures – Commerzbank