News & Analysis

With not much in the way of macro factors to watch until the nonfarm payrolls report is released, I will provide some in-depth technical Nasdaq 100 analysis first before looking at some macro influences that could shape the markets in the weeks and months ahead.

Australian Dollar is resting at key support as the bears attempt a sixth weekly decline- NFPs on tap. Battle lines drawn on the AUD/USD weekly technical chart.

European stocks traded mixed with Spain’s Ibex rising to a fresh weekly high and Germany’s DAX off its earlier lows at mid-day in London as government bond yields eased off their earlier highs.

USDJPY, Nasdaq Forecast: The Japanese Yen is back at BOJ intervention risk levels, and the Nasdaq is struggling below the 22,000-threshold with a more hawkish-than-expected Fed tone. Non-farm payrolls, earnings, and inflation metrics are the next key events likely to shift the market tone.

GBP/USD tumbles to a 13-month low as government bond yields surge. FTSE rises as the pound plunges.

While I suspect gold is in for another good year, the gains seen so far in January wreak of a false initial move to my eyes. And with NFP potentially knocking out decent figures, I’m on the hunt for a swing high.

EUR/USD snaps the recent series of higher highs and lows as it trades to a fresh weekly low (1.0273).

Despite the recovery shown by the Canadian dollar two sessions ago, the balance has now shifted 0.5% higher in favor of the U.S. dollar, keeping USD/CAD near levels not seen in the past four years.

AUD/USD was just ten pips away from a fresh four year low last week. But sellers held .6300 resistance and the big question is whether they can punch through support.