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Gold, silver falling after Nonfarm payrolls massive positive surprise ; 1800 area in XAU/USD is big resistance

0.70 is a key technical zone in AUDUSD, and with the predominant trend being down, it makes sense to look for bearish opportunities around current levels.

It’s time to go long the Japanese yen (JPY), and there is no better currency to short against the yen than the euro.

The Bank of Canada delivered a hawkish surprise yesterday, hiking rates by a larger 100bp (1.0%) compared to the 75bp (0.75%) the market consensus anticipated.

Blockchain is changing how global institutes and markets do business. Among the slowest adopters of blockchain technology, though, are financial institutions. As explained on Forbes, this is despite the many benefits the tech can offer regulated financial entities of all sizes. This includes storing information electronically, streamlining complex transactions, and optimising infrastructure connections. Thus, it’s safe to say that blockchain can be a real gamechanger, especially in busy markets like forex.

For this potential bearish USDJPY setup to be triggered, we look for a breakout below the 135.00 zone.

A break below the 0.62 zone would likely result in stops being triggered, which could accelerate the bearish price action. The 0.60 zone would be the target.

Markets are currently expecting too little from the BOJ and too much from the ECB. To reverse-play the weak JPY, short EUR is a better choice than short USD.

Gold and silver are pressed against their solid long-term support lines by the Fed’s hawkish actions. Will it break or hold? We consider two scenarios: