Oil Price Defends August Low Even as OPEC Retains Production Schedule

Failure to test the August low ($61.74) may generate a near-term rebound in the price of oil as the RSI bounces back from oversold territory to indicate a buy signal.

from DailyFX – Market News https://bit.ly/3EkwDR4
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US Dollar Pre-NFP Price Action Setups: EUR/USD, GBP/USD, USD/CAD

Tomorrow brings NFP out of the United States and this print can create some volatility across global markets as the focus is now on the FOMC after Powell's comments this week.

from DailyFX – Market News https://bit.ly/3ElkriL
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USD/JPY Rate Attempts to Defend November Low Ahead of US NFP Report

Fresh data prints coming out of the US may shore up USD/JPY as the Non-Farm Payrolls (NFP) report is anticipated to show a further improvement in the labor market.

from DailyFX – Market News https://bit.ly/3xJWVtu
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XAU/USD Forecast: Gold Price Extends Decline as Real Yields Tick Higher

Gold prices are under pressure after markets reacted to the hawkish comments made by Fed Chair Powell earlier this week. XAU/USD testing 1775, NFP in focus.

from DailyFX – Market News https://bit.ly/3dfC8Ew
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EUR/USD Contained Ahead of NFP but Remains Sensitive to ‘Hawkish/Dovish’ Narrative Swings

EUR/USD looks calmer before Friday’s US employment data but remains susceptible to near term volatility around Omicron and shifts in interest rate timelines

from DailyFX – Market News https://bit.ly/3lvA682
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