The British pound initially pulled back just a bit during the trading session on Friday, but then turned around to show signs of extreme strength.
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This is a market that is in a major uptrend and is breaking out to the upside.
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The S&P 500 rallied rather significantly heading into the weekend as the jobs number came out with an addition of 850,000 for the month of June.
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Gold markets rallied initially during the session on Friday to try to break out of recent consolidation but saw a pullback as exhaustion came back into play.
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There was more of a “risk on” attitude to the markets, and traders were looking to find a little bit of exposure to risk.
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Bitcoin fluctuated during the rather quiet trading on Friday, as most traders were paying close attention to the jobs number more than anything else.
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The DAX Index gapped higher to kick off the trading session on Friday, but then went back and forth to show signs of hesitation.
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This is a market that continues to show hesitation, but overall, we are still very much in an uptrend and channel.
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The AUD/USD was little changed in early trading as investors reflected on the latest US non-farm payrolls (NFP) and the upcoming Reserve Bank of Australia (RBA) interest rate decision.
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The EUR/USD wavered during the Asian session ahead of a relatively low-volume day as the US celebrates Independence Day.
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Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of July 5, 2021.
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The Euro has given up early gains during the trading session on Thursday as we continue to see more negative pressure on the Euro,
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The S&P 500 continues to look very bullish, as we have power it higher during the trading session on Thursday, heading towards the Friday jobs number.
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