The EUR/USD pair initially broke higher during the day on Monday, but found the 1.12 level to be a bit too resistive for the buyers, and as a result pulled back to form a shooting star.
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The WTI Crude Oil markets went sideways during the session on Monday as we continue to hover just below the $60 handle. This is a large, round, psychologically significant number, but we feel that it will eventually lose its luster.
The AUD/CHF pair did nothing during the session on Monday, as we essentially continue to hug the 0.7350 region. This is an interesting pair, and under normal circumstances is one of my favorite ones to follow.
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The AUD/USD pair tried to rally during the course of the day on Monday, but fell back down in order to form a shooting star. Because of this, the market looks soft still as far as I can see, as the Australian dollar simply cannot hang onto gains.
Gold edged lower on Monday as strength in the dollar pushed prices down but uncertainty about the timing of a U.S. interest rate increase limited losses.
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The EUR/USD pair continues to grind away out the 1.12 level, as the Friday session initially saw quite a bit of buying but things turned back around to form a pretty negative looking shooting star.
The EUR/CAD pair tried to go higher initially during the session on Friday, but found enough resistance at the 100 day exponential moving average to turn things back around and form a shooting star.
The USD/JPY pair initially tried to rally during the session on Friday, but after the jobs numbers came out as expected, the pair pulled back to form a bit of a shooting star.
The GBP/USD pair broke higher as well as lower during the session on Friday in reaction to the Nonfarm Payroll numbers out of America.
The USD/CAD pair fell during the session on Friday, as the jobs number came out slightly better than anticipated in Canada. The US number was basically where we thought it would be, so it makes sense we get a little bit of Canadian strength during the day.