|

USD firm ahead of the NFP [Video]

In today’s Trader’s Edge Market Briefing, Tomasz found these unique setups that we thought you’d find interesting.

The markets are getting ready for the US job market’s monthly report. Here is how major instruments on the market are trading ahead of this data:

EURUSD stays inside of the channel down formation, as long the upper line remains intact, the sell signal is on.

USDJPY remains firm staying close to long-term highs.

Gold is fighting on the long-term down trendline.

Silver climbs higher using the inverse head and shoulders pattern. The target is on 22.1 USD/oz.

WTI Oil continues the upswing after escaping from the falling wedge pattern.

Brent Oil is doing the same but with a channel down formation.

FTSE defends crucial, long-term horizontal support on the 6800 points.

DAX trying to defend the area around 12450 points, which is currently the most important horizontal support here.

Dow Jones has appetite to come back above 30k.

Author

Tomasz Wisniewski

Tomasz Wisniewski

Axiory Global Ltd.

Tomasz was born in Warsaw, Poland on 25th October, 1985.

More from Tomasz Wisniewski
Share:

Editor's Picks

EUR/USD holds steady above 1.1850 as markets eye Eurozone GDP, US CPI inflation releases

The EUR/USD pair trades on a flat note near 1.1870 during the early Asian session on Friday. The major pair steadies amid mixed signals from the latest release of US economic indicators. Traders await the preliminary reading of the Eurozone Gross Domestic Product for the fourth quarter and US inflation data, which are published later on Friday.  

GBP/USD consolidates around 1.3600 vs. USD; looks to US CPI for fresh impetus

The GBP/USD pair remains on the defensive through the Asian session on Friday, though it lacks bearish conviction and holds above the 1.3600 mark as traders await the release of the US consumer inflation figures before placing directional bets.

Gold: Will US CPI data trigger a range breakout?

Gold retakes $5,000 early Friday amid a turnaround from weekly lows as US CPI data loom. The US Dollar consolidates weekly losses as AI concerns-driven risk-off mood stalls downside. Technically, Gold appears primed for a big range breakout, with risks skewed toward a bullish break.

Top Crypto Gainers: River faces resistance, Humanity Protocol steadies, Polygon rebounds

Altcoins, including River, Humanity Protocol and Polygon, rank as top-performing cryptocurrencies in the last 24 hours, defying the broader market pullback as Bitcoin dropped below $67,000.

A tale of two labour markets: Headline strength masks underlying weakness

Undoubtedly, yesterday’s delayed US January jobs report delivered a strong headline – one that surpassed most estimates. However, optimism quickly faded amid sobering benchmark revisions.

Aster Price Forecast: Demand sparks on Binance Wallet partnership for on-chain perpetuals

Aster is up roughly 9% so far on Thursday, hinting at the breakout of a crucial resistance level. Aster partners up with Binance wallet for the second season of the on-chain perpetuals challenge.