US NFP

EURUSD, Dow Forecast: The EURUSD maintains its rebound above the key 1.0333 level, while the Dow pauses near record highs above 45,000, and the DXY holds steady at critical support ahead of Friday's NFP.

Crude Oil Week Ahead: Crude oil faces volatility risks ahead of the OPEC meeting, now rescheduled for Wednesday to accommodate all members and avoid a clash with the Gulf Summit. Sideways price movements persist, leaning towards a bearish bias for 2025.

USDJPY Forecast: Friday's rise in Tokyo CPI from 1.8% to 2.2% drove USDJPY below the critical 150 level. A pivotal week of US economic data ahead, including ISM PMIs and Non-Farm Payrolls, is set to heighten volatility risks for the pair.

Gold, Silver Outlook: Gold reached a record high of $2790/ounce on October 31st before ending the month with a 60-point pullback. Is this a short-term correction or the start of a longer-term trend reversal?

The US Dollar has finally pulled back. But – there’s now a key support level in play and tomorrow’s NFP report can be a major market mover, as it’s an early look at October activity in the world’s largest economy.

The US is projected to add 113K jobs in October, while the Unemployment Rate is expected to hold steady at 4.1% during the same period.

Crude Oil Week Ahead: Crude oil prices gained 4% last week, closing near $71.70 as escalating strikes in the Middle East fueled uncertainty around a potential ceasefire or further retaliatory actions. With strong upside risk, oil prices are expected to navigate a busy week packed with key events related to employment and economic growth indicators.

Crude Oil Analysis: Since December 2021, the $64-$67 price range has been marked by high volatility and sharp rebounds. Escalating Middle East conflicts have raised fears of supply disruptions, leading to another rebound and prompting investors to hedge against potential upside risks.

Data prints coming out of the US may continue to sway USD/JPY as the update to the Consumer Price Index (CPI) is anticipated to show sticky inflation.

The monthly opening range is in focus for USD/CAD as it appears to be reversing ahead of the April high (1.3668).

The US Non-Farm Payrolls (NFP) report may drag on EUR/USD as the update is anticipated to show another rise in employment.

The price of gold may attempt to test the 2020 high ($2075) as the Relative Strength Index (RSI) flirts with overbought territory.

The debt can has been kicked down the road again as the Democrats passed a bill to fund the government until mid-February.