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.

USD/JPY may attempt to test the December high (148.35) as it extends the series of higher highs and lows from earlier this week.

EUR/USD bounces back from a fresh monthly low (1.0755) to halt a six-day selloff.

USD/CAD seems to be unfazed by the Bank of Canada (BoC) interest rate decision as the central bank keeps the benchmark interest rate at 5.00%.

AUD/USD trades to a fresh monthly low (0.6548) as the Reserve Bank of Australia (RBA) keeps the official cash rate at 4.35%.

USD/JPY extends the series of lower highs and lows from last week to register a fresh monthly low (146.23).

The RBA rate decision may do little to prop up AUD/USD as the central bank is expected to keep the official cash rate (OCR) on hold for the fifth consecutive meeting.

EUR/USD is on the cusp of testing the August low (1.0766) following the failed attempt to push back above the 50-Day SMA (1.0967).

The recent rally in the price of gold seems to have stalled as it fails to extend the series of higher highs and lows from earlier this week.

USD/JPY may continue to give back the advance from last month’s low (137.24) amid the failed attempt to test the June high (145.07).