AUD/USD extends the decline following the contraction in Australia employment as fresh US data prints fuel speculation for an imminent shift in Fed policy.
Oil prices surged more than 18% off the August low with a breakout in Crude now eyeing initial resistance objectives. The levels that matter on the WTI technical charts.
USD/CAD is in consolidation just above the September open with a breakout coiling into the close of the week. The levels that matter on the Loonie technical charts.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/JPY-bearish contrarian trading bias.
The price of gold may face a further decline ahead of the Federal Reserve interest rate decision on September 22 amid broad based weakness across precious metals.