HomeMarketsU.S. EconomyU.S. Dollar "False Breakout," Oil Stays Below $70

U.S. Dollar "False Breakout," Oil Stays Below $70

Dan Deming reviews today’s economic data, noting that it was mostly in-line. He warns that because of the holiday, there isn’t as much market liquidity, possibly pushing markets farther down than warranted today. Looking at the U.S. dollar, he calls its recent run a “false breakout” as it “failed” to maintain its uptrend. He also talks oil staying below $70 and bitcoin’s bounce.

Market On Close

27 Nov 2024

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