Gold continues to bump into resistance around $1,800/oz. and traders will now wait to see if the latest US jobs report sets up a clean break or a retracement lower.
USD/CAD looks ready to resume its previous decline after relative stability in the pair over the past seven days, with CAD benefiting from the persistent strength of crude oil prices.
The US Dollar is still struggling against most ASEAN currencies. USD/SGD remains downside-focused despite recent gains. USD/THB is eyeing a triangle. USD/IDR and USD/PHP may point lower.
Crude oil prices were unable to capitalize on an outsized draw from US inventories amid signs of softer end demand. Technical positioning warns that a major top may be forming.
Gold prices look to the highly-anticipated non-farm payrolls report, but the Federal Reserve and its members' reaction to the jobs print will likely be gold's next big price driver.