Fundamental

Crude oil is testing the $66 resistance zone, with bulls eyeing a move toward $70 while risks of a breakdown could drag prices back to $62.

AUD/USD slides to its lowest since early September, with traders eyeing the RBA’s rate decision and key US jobs data for the next major move.

GBP/USD trades near 1.3400 after forming a double-top at 1.3725, with upcoming US jobs data and Fed policy outlook set to drive the next move.

EUR/USD trades near 1.1700 with a bullish bias as Wall Street analysts see more upside, while upcoming US labor data may determine the next breakout.

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Expectations have declined regarding the pace of US rate cuts, while fears of stagflation are again coming out, sending the US Dollar higher, but it is the stellar rise of precious metals to new record highs which really caught the eye last week.