Forex

The Pound remains on the front foot in the afternoon session as the US Dollar struggles.

The Canadian Dollar counter-offensive enters week-four with USD/CAD now approaching key uptrend support. Loonie levels that matter on the weekly technical chart.

The S&P 500 put in a long-legged doji for the month of May and the focus shifts back to the Fed and tomorrow's Non-farm Payrolls report.

U.S. stocks look poised to continue the recovery for now, but at some point another key turning point is anticipated.

OPEC is due to meet at 12:30 GMT today to discuss output targets for July and consider tapping into remaining capacity in light of the EU’s ban on Russian oil

GBP/USD looks to recover from yesterday’s sell-off as markets await key U.S. jobs data later today and tomorrow.

BoJ board member Seiji Adachi reaffirmed the Bank’s accommodative stance in light of above target inflation and a depreciating yen.

A stronger euro does not take away from a more dovish ECB and a mismatch in money market pricing, while the spotlight shifts to U.S. jobs data.

Gold managed to make some gains even though hawkish Fed talkers reiterated rate hikes are coming, sending USD and Treasury yields higher. More gains for XAU/USD?

Crude oil prices are trading lower for a third day as traders weigh gasoline demand amid record-high pump prices. Summer driving demand in the U.S. may be key for price…