Analyzes

The EUR/USD went into the weekend near the 1.17155 ratio, this after touching lows around the 1.16075 value on Wednesday.

WTI Crude Oil futures pricing fell below 62.000 USD on Friday, and when the commodity opens for trading on Monday large players will have to decide if now is the time to look for reversals higher.

USD/CHF may test 0.79 as Swiss franc gains strength. Sellers dominate on rallies.

The US Dollar (USD) couldn’t find its footing last week, dragging the US Dollar Index (DXY) down to the lower end of its monthly range near 97.40.

In quite turbulent past few days for the Pound Sterling, GBP/USD eventually managed to close the week with decent gains above the key 1.3500 figure, reversing at the same time two weekly retracements in a row.

The US Dollar (USD) accelerated its decline at the end of the week, weighed down by disheartening prints for US Nonfarm Payrolls in August (+22K jobs). The data did nothing but add further conviction to a most likely interest rate cut by the Federal Reserve at its September 17-18 meeting.