Web Trader MT5 
U.S. Indices attempt to recover at the week opening following sharp declines on Friday after a mixed week marked by a rotation out of technology and AI stocks into lower-valuation sectors. The S&P 500 and Nasdaq fell 0.7% and 2% respectively last week, while the Dow rose 1% to 48,484 as it remains less exposed to tech.
The pullback was driven by sharp losses in major AI-linked names like Oracle and Broadcom, fueling concerns that intensifying competition could erode Big Tech’s dominance. Investors now turn their attention to major U.S. economic data this week, including jobs, retail sales and inflation, which could shape near-term market direction.
The Dollar Index was down for the third consecutive week as it dropped 0.58% last week. It’s expected to weaken further toward the 97.50–97.00 area, supporting strength in major currency pairs. EUR/USD could advance toward 1.1800 on weaker dollar. USD/JPY remains range-bound between 154 and 158, while AUD/USD is trading between 0.6600–0.6700,. GBP/USD could push toward 1.3450–1.3500 as long as it holds above 1.3350.
In Asian, China’s economic slowdown intensified in November, with retail sales, industrial output and fixed-asset investment all missing expectations. Consumer spending rose just 1.3% year-on-year, well below forecasts and slower than October, while industrial production growth eased to 4.8%, its weakest pace since August.
And in the commodities market, gold climbed to seven-week highs above $4,353 on Friday, and is currently trading around $4,342 supported by expectations of U.S. rate cuts next year, alongside heightened uncertainty boosting safe-haven demand.
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