
U.S. Dollar Moves Higher As Oil Rallies 5%: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY
The American currency gains ground, supported by rising Treasury yields.
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The American currency gains ground, supported by rising Treasury yields.

USD/CAD Price Forecast: Bearish pressure builds below 1.4000

The Friday NFP report was not good as the US showed a contraction in jobs, and initially, this jolted a move of weakness in USD/JPY. But, like I had said in the prior week, on the heels of the intervention-fueled sell-off in both USD and USD/JPY, support around 155.00 could be a more attractive concept as it was unlikely that intervention would hit there.

Gold prices we have been contained for much of the session so far today after a sharp rebound last week, climbing almost 7.5% after spending several weeks moving sideways around the $4,000 level. The strength of the move has put the precious metal firmly back on traders' radar, but the key issue now is whether this breakout can develop into a more sustained uptrend or whether it ultimately proves to be another sharp rally within a broader consolidation phase.

Euro holds ground against US Dollar amid Fed uncertainty ahead of US CPI

Oil and Gold: Price review for the week ahead

EUR/USD outlook: bulls hold grip but continue to face strong headwinds at 100DMA/daily cloud top

The US dollar is trying to turn things around early on Monday.

Euro: Softer CPI may unlock 1.1600 against US Dollar – ING

The silver market is slightly positive on Monday in early trading, as we are looking to possibly continue the bullish momentum. A bit of hesitation has been seen though.

EURUSD probed again through strong barriers at 1.1560/66 (100DMA / daily cloud top) on Monday, following Friday's false break higher, but continues to face headwinds at this zone.

Gold is rather quiet on Monday morning with traders looking to determine whether or not there is going to be follow-through on the bullish momentum.

CPI will determine whether silver clears its 52-week moving average and targets $74.63 or loses momentum and retests $60.83.

Gold: CTA selling limits upside below $4,400 - TD Securities

Friday's US employment report was the first of four major pieces of economic data due before the Federal Reserve's September meeting. The figures delivered a significant downside surprise, prompting markets to scale back expectations of a September rate hike to around 44%, from above 55% ahead of the release.