US NFP

EURUSD Forecast: The EUR/USD enters 2025 on a bearish note following a sharp downturn at the end of 2024. However, extreme oversold levels hint at potential bullish reversals. Key market-moving factors, including Eurozone inflation data and U.S. Non-Farm Payrolls, are in focus this week, adding volatility risks.

USDJPY, Silver Forecast: As the final BOJ meeting for 2024 approaches, combined with holiday season trends, the Yen and Silver are poised for potential bullish rebounds. However, the strength of the Dollar rally remains in question.

The US is anticipated to add 200K jobs in November, while the Unemployment Rate is expected to increase to 4.2% from 4.1% during the same period.

USD/JPY may stage a large recovery over the remainder of the week as it snaps the recent series of lower highs and lows.

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 Thursday 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.