News & Analysis

The price of gold may attempt to further retrace the decline from the December high ($2726) as it extends the series of higher highs and lows from the start of the week.

USD/JPY had a bullish response to the December FOMC rate decision and the pair is fast approaching a big spot of longer-term resistance at the 160.00 handle.

British Pound plunged nearly 2.7% off the weekly high with price responding to trend support ahead of NFP. Battle lines drawn on the GBP/USD short-term technical charts.

USD/CAD attempts to retraces the decline from the start of the week as it stages a three-day rally.

EUR/USD has so far held a higher-low this week, but sellers don’t appear finished yet as USD strength has continued ahead of tomorrow’s Non-farm Payrolls report.

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.