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Can rebounding oil prices fuel rally in energy stocks like BP and Shell? FTSE technical analysis hints at potential recovery for UK index. Meanwhile, Brent crude oil rises above 200-day average ahead of OPEC meeting.

The two largest US oil and gas companies both announced major acquisitions that will increase production while lowering taxable revenue in the near future. Learn more in our rundown of Chevron and Exxon here.

After a near 15% rally in under a month, the high-flying Nasdaq 100 looks tired on the charts, struggling to add to gains despite a continued pullback in US bond yields. In contrast, USD/JPY gives the impression it’s only starting the process of adjusting to the more placid US yield environment.

Hong Kong’s Hang Seng and the USD/CNH are providing conflicting signals on the outlook for Chinese markets, providing a reminder for traders not to become too attached to a particular position, be it bearish or bullish.

The ongoing stock market rally continues. With the US Thanksgiving holiday keeping trading on the quieter side today, the European markets edged higher. The DAX has now completely made back the entire losses it suffered between September and October. Other mainland European indices have similarly made strong gains, along with Wall Street. But frustratingly for the UK market, the FTSE has not shown much desire to go higher.

The prospect of another rate hike from the Reserve Bank of Australia (RBA), a crackdown of speculative forces in iron ore futures markets and failure to clear a stubborn resistance level has Australia’s ASX 200 facing the prospect of renewed downside.

GBP/USD slips ahead of the Autumn statement. FTSE rises with the Autumn Statement due, Sage outperforms

Whether it’s any major FX pair against the yen or the Nikkei 225, the last of least resistance right now seems to be higher with the BOJ maintaining its ultra-dovish stance.

Whether it’s any major FX pair against the yen or the Nikkei 225, the last of least resistance right now seems to be higher.

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Previous 8-day declining streaks in the VIX have been bullish for the S&P 500, but patience is warranted.

It feels like we’ve reached the part of the economic cycle where the pain sets in. For the Nasdaq and crude oil, such a scenario points to the likelihood of divergent performance over the medium-term.

Traders believe the RBA is one-and done when it comes to the restart of its tightening cycle, jumping to the conclusion the 25 basis point rate hike to 4.35% will likely be the last. AUD/USD fell while the ASX 200 rallied.

It’s been a rough year for Chinese markets with the A50 share index and CNH down sharply as hopes for booming economic activity coming out of the pandemic failed to materialise.

If you believe the Fed is done hiking rates and will be forced to ease policy aggressively next year, it’s hard to be bullish USD/JPY or the Nikkei 225 given the role yield differentials and FX fluctuations have played in underpinning both this year.

Markets have been loosening financial conditions aggressively ever since the Fed meeting, creating reversal risks should incoming data challenge the dovish narrative. Nasdaq 100 is one market that's run very hard very fast.