Trade

The US Dollar is at support and deeply oversold, so the risks may be tilted to an upside reactionif the jobs report is at or above expectations, but that may be a high hurdle to clear given the headwinds from DOGE and tariff threats.

Gold is so close to the $3,000 milestone, it would be rude not to test it at this point. But that doesn't make me a buyer. Instead, I'd prefer to wait for the inevitable shakeout and seek a dip at a slight discount.

It has been another turbulent start to the week for Wal Street and ASX 200 futures, as traders react to Trump's tariffs.

The Trump administration has officially confirmed that new tariffs will take effect on Saturday, February 1, including a 25% tariff on imports from Canada and Mexico and a 10% tariff on Chinese goods - see how it's impacting markets.

USD/JPY holds steady amid intervention threat. Oil rises as geopolitical tensions rise.

EUR/USD falls after the ECB meeting & ahead of US inflation data. Oil hovers around a 2-month high.

DAX looks to the ECB rate decision. USD/JPY rises ahead of US Q4 GDP data.

We're on the lookout for any hawkish undertone in today's RBA minutes - given the RBA's statement was deemed to be less hawkish than expected. Failure to do so could see AUD/USD hand back some of it's gains. The Nasdaq is also following its seasonaly tendency to rise into Thanksgiving.

With a bullish engulfing week and day for AUD/USD on Friday, can the Aussie muster up the strength for a breakout above key resistance? And if losses on USD/CNH are anything to go by, perhaps USD/JPY is preparing to follow suit.

EUR/USD falls ahead of ECB President Lagarde's speech & US jobless claims. Oil falls for a third straight day after inventories rise.

WTI crude oil rose for a second day after the monthly OPEC report played down demand concerns and blamed speculators for oil's recent decline. A move to $80 at a minimum or $83 could now be on the cards. We also have a near-term bullish bias on the ASX 200.