Forecasts & Analysis, Page

The lower price action suggests two things, the size of the production cut was already priced into the market, and traders wanted more than just a three month extension of the output curbs.

The Canadian dollar is flat on Friday, but that could change in the North American session. Canada and the U.S. will both release key employment numbers at 15.:30 GMT.

Based on the early price action and the current price at 1.1094, the direction of the EUR/USD the rest of the session on Friday is likely to be determined by trader reaction to the downtrending Gann angle at 1.1111. This angle stopped the buying earlier in the session.

After sharp gains earlier in the week, crude prices have leveled off. We could see some movement in the North American session, with the release of U.S. employment data at 15:30 GMT.

Based on the early price action and the current price at .6568, the direction of the NZD/USD on Friday is likely to be determined by trader reaction to the Fibonacci level at .6567.

Based on the early price action, the direction of the December E-mini NASDAQ-100 Index on Friday is likely to be determined by trader reaction to the short-term Fibonacci level at 8347.75.

The British pound has come off its highs against the dollar ahead of today’s jobs report but ultimately the jobs data and speculation ahead of the UK election will drive the pair.

EUR/USD continues to struggle with the 1.1100 handle but is holding near highs for the week ahead of Non-Farm payrolls data.

Silver prices are flat on Friday. However, we could see some movement later in the day, as the U.S. releases Nonfarm payrolls and wage growth at 15:30 GMT.

The NZD/USD has been bullish since Monday’s strong rally was fueled by talk of fiscal stimulus to boost the New Zealand economy. The Kiwi was also boosted after an unexpected rebound in Chinese manufacturing raised hopes of a brighter outlook for the world economy.

The British pound has taken a breather on Friday, but is up almost 2 percent on the week. The pound has gained ground as the Conservatives continue to hold a lead in election polls. The Aussie and NZ dollar have also posted sharp gains against the U.S dollar this

On the data front, all eyes will be on Friday’s jobs report as investors will be looking for a clear read on the U.S. labor market. A weak report may raise the chances of a Fed rate cut in March, but I don’t think it’s going to influence the Fed

As far as today’s Non-Farm Payrolls report is concerned, the headline number will have to completely miss the estimate to shake up the gold trade. With the Fed not expected to make a move on rates until perhaps March 2020, the main focus for gold traders will be on the

In November, Lagarde delivered her first speech as the ECB President. Will she follow in Draghi’s footsteps? But what should gold investors expect from her?

Gold is a safe-haven instrument that measures uncertainty, fear, greed and the future expectations related to a secure global market economy.

We’re likely to see more consolidation today as traders may be reluctant to take big positions ahead of the unpredictable weekend. The chart pattern suggests a gap opening is likely for Monday so be prepared for heightened volatility at the start of next week.

It’s a mixed start to the day. Recovery from early losses, however, could see another day go to the bulls…

European and U.S stats to drive the majors today, assuming that there are no negative comments from the U.S on trade…

Jobless claims fall more than expected

Inventories declined less than expected