During the day on Friday, we get the Nonfarm Payroll Numbers coming out of the United States which without a doubt is going to be the biggest mover of markets. Having said that, there are quite a few markets it will be watching, but these particular 3 have caught our interest more than some of the others.
USD/CAD
The US dollar try to climb against the Canadian dollar on both Wednesday and Thursday, but both days have seen a bit of a failure. If the jobs number comes out rather weak, it could put a bit of bearish pressure on this market, just as rising oil prices could. Obviously, the exact opposite is true as well.
Gold
Gold markets rose slightly during the course of the day on Thursday, and will be greatly influenced by what happens during the course of the day on Friday due to the employment figures. In fact, we did up forming a bit of a hammer based upon the $1300 level, so this is possibly a very bullish sign. Call buyers will more than likely be enticed into this market on a break above the top of the daily range.
WTI Crude Oil
After the stronger than anticipated build in crude oil inventories in America, the WTI Crude Oil market has fallen. It now looks as if we are breaking below some sort of support, and a break below the range for the session on Thursday could be very bearish, driving put buyers back into the marketplace.
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