David Song

USD/JPY breaks out of the range bound price action from earlier this week as the US Non-Farm Payrolls (NFP) report shows a 139K expansion in May.

EUR/USD may further retrace the decline from the April high (1.1573) it extends the advance from the start of the month.

USD/CAD drops to a fresh yearly low (1.3653) as the Bank of Canada (BoC) keeps the benchmark interest rate at 2.75%.

The US is expected to add 130K jobs in May, while the Unemployment Rate is seen holding steady at 4.2% during the same period.

AUD/USD appears to be trading in a defined range after clearing the December high (0.6515).

GBP/USD gives back the advance from the start of the week to hold below the May high (1.3593).

USD/CHF clears the May low (0.8186) after failing to push above the 50-Day SMA (0.8368).

The weakness in USD/CAD may persist ahead of the Bank of Canada (BoC) meeting as it extends the series of lower highs and lows from last week.

The price of gold seems to be coiling within the April range as it’s little changed from the start of the month.

EUR/USD may track the positive slope in the 50-Day SMA (1.1196) as it still holds above the moving average.

AUD/USD halts the recent series of lower highs and lows as it rebounds from a fresh weekly low (0.6408).