The US dollar initially tried to rally against the Japanese yen, but started to sell off late in the day. The Australian dollar initially fell during the day on Monday, but turned around to form a hammer.
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The WTI Crude Oil market initially tried to rally on Monday but turned around and showed quite a bit of bearish pressure. The NASDAQ 100 fell initially on Monday, but found support at the $3.00 level.
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Silver markets broke higher during the session on Monday, reaching towards the top of the shooting star from last week.
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Gold prices ended Monday’s session up $13.31, extending gains to a third straight session, as economic and political risk elements sent investors seeking shelter in safe havens.
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Get the NZD/USD Forex signal for February 6, 2017 here.
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Get the AUD/USD Forex signal for February 6, 2017 here.
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Get the USD/JPY Forex signal for February 6, 2017 here.
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Get the USD/CAD Forex signal for February 6, 2017 here.
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Get the USD/CHF Forex signal for February 6, 2017 here.
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Get the GBP/USD Forex signal for February 6, 2017 here.
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Get the EUR/USD Forex signal for February 6, 2017 here.
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The EUR/USD pair initially fell during the day on Friday, but turned around to form a hammer. The British pound fell during the day on Friday, reaching below the 1.25 handle.
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The S&P 500 broke above the hammer from the Thursday session during the Friday session after the jobs number came out. The NASDAQ 100 rose during the day, the market should then go even higher.
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During the session on Friday, we found quite a bit of resistance above the $54 level, as we have several times. The natural gas markets broke down on Friday, slicing through the $3.10 level to reach towards the $3.00 level.
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The USD/JPY pair initially tried to rally on Friday, but as we went through the day, we ended up turning around and forming a bit of a shooting star. The US dollar had a volatile session as we typically do during the Nonfarm Payroll Fridays.
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