The WTI Crude Oil market broke down significantly during the session on Friday, slicing through the $45 level. The natural gas markets had a rally during the Friday session as we continue to consolidate around the $3.25 level.
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The US dollar initially fell against the Japanese yen during the session on Friday, but the jobs number was strong enough to turn the market around and send us back above the 112.50 level.
The S&P 500 had an interesting session on Friday as the jobs never came out of the United States. The NASDAQ 100 of course looks very healthy as we are pressing the 5650 handle.
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Gold prices settled at $1228.41 an ounce on Friday as concerns that the Federal Reserve may raise interest rates as early as June, along with a rally in US equities, fueled a loss of more than 3% for the week.
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The EUR/USD pair broke down during the session on Thursday as we await the jobs number. The British pound initially fell during the day but found enough support underneath the 1.2850 level to turn around and form a bullish candle.
The USD/JPY pair initially tried to rally during the day on Thursday, but found the 113 level to be too resistive to continue going higher. The Australian dollar broke down significantly during the day on Wednesday, and Thursday was more of the same.
The S&P 500 initially tried to rally during the day on Thursday, but turned around to fall. The NASDAQ 100 has been rolling over for the last couple of sessions, showing that the 5650 level above has offered resistance.
The WTI Crude Oil market broke down significantly during the day on Thursday, slicing through an uptrend line that has been important. Natural gas markets tried to rally during the day but struggled at the $3.25 level.