News & Analysis

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.

USD/CHF is poised mark a third weekly advance with price now approaching initial resistance near the 2024 close high. Battle lines drawn on the weekly technical chart.

The US is expected to add 154K jobs in December, while the Unemployment Rate is anticipated to hold steady at 4.2% during the same period.

Cable is pushing down to fresh eight-month-lows today, nearing a major support level, and GBP/JPY is showing a non-completed morning star.

After rising in the first week of this year, oil prices are now showing a few signs of weakness as investors shift their focus towards Trump’s bearish energy agenda

Leading indicators point to a roughly as-expected reading in this month’s NFP report, with headline job growth potentially coming in somewhere in the 150-200K range

US stocks are struggling amid lingering inflation fears following yesterday's ISM services PMI, a sharp drop in jobless claims, and ahead of the Fed minutes scheduled to be released later today. The Fed is expected to be more cautious regarding rate cuts this year amid signs of a solid economy and concerns over inflationary measures from Trump.

Gold prices are poised to breakout of a multi-month consolidation formation with NFPs on tap Friday. Battle lines drawn on the XAU/USD short-term technical charts.