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USD/CAD
 

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The US dollar plunged against the Canadian dollar during the trading week, but it really accelerated to the downside after the Canadian employment numbers came out stronger than anticipated.

The market appears ready to roll over again, as the space has continued to experience erratic price action. That being said, this week features the FOMC interest rate decision coming out on Wednesday, which could turn this market around completely. In other words, expect to see a lot of volatility here.

EUR/JPY
 

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The euro moved rather choppily against the Japanese yen during the trading week, as it has been stuck hanging within a fairly tight range following its very explosive move to the upside.

The market's focus will likely stay honed on the interest rate differential and Japan's inability to raise rates much higher, in spite of the bond market doing everything it can to make that happen. Short-term pull banks will likely continue to serve as buying opportunities for value hunters willing to get involved in this space. To the upside, the JPY184 level could be a potential target.

Bitcoin
 

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Bitcoin experienced a lot of noise during the course of the week, as the cryptocurrency market witnessed a large amount of choppiness and volatility. Additionally, the previous bullish pressure seen in Bitcoin may be in question at this point in time.

That being said, the last couple of weeks have seen the space attempt to form some type of basing pattern, but the market simply just can't seem to find any upward momentum. The $80,000 level has remained a significant floor in the market, and as long as Bitcoin can stay above that mark, there is at least a chance of the cryptocurrency recovering. However, a break down below that level would likely signal disaster.

Nasdaq 100
 

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The Nasdaq 100 initially pulled back during the trading week, only for the index to then turn around and show signs of strength again. Ultimately, it looks as if the 25,000 level is going to end up being a significant floor in the market. As we head toward the interest rate decision on Wednesday, it’ll be important to pay close attention to how the market behaves. I suspect that the index will continue to move higher over the longer-term, though.

Gold
 

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Gold moved all over the place during the week, but the one thing the yellow metal did manage to accomplish is that it signaled the $4200 level could very well end up being supported. If gold was to break down below that significant level, then such a move could send the market even lower. However, as things stand right now, it looks as though gold will likely continue moving sideways more than anything else.

This is a bullish market, and I do think that, if given enough time, the space will see plenty of buyers enter and attempt to push the yellow metal toward the crucial $4400 level.

Silver
 

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Silver continued to see plenty of explosive upward pressure over the trading week. The $60 level has been tested, but it appears that the gray metal has pulled back from that point. As things stand right now, this is a market that seems to be overdone.

Silver is in the middle of a massive short squeeze, and while these things can last longer than you may anticipate, you can also lose a lot of money if you get in at the wrong time. Pullbacks at this point will likely serve as buying opportunities for those looking for value. From what I can tell, the $55 level may end up being a bit of  a floor.

Crude Oil
 

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The crude oil market generally witnessed a positive week. However, it now looks like it will continue to struggle with the downtrend threshold, with the $60 level serving as significant resistance. Ultimately, it seems likely that sellers will jump into this market sooner or later. The supply of crude oil is far too strong for higher pricing in an environment where demand may very well crumble overall.

EUR/USD
 

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The euro rallied significantly during the trading week to break toward the 1.17 level. That being said, the market still is in the midst of consolidation, and quite frankly, I don’t believe it has anywhere to really go.

After all, the FOMC interest rate decision comes out on Wednesday, and it looks like traders are basically biding their time to get into position ahead of what they expect. It’s not the interest rate decision itself that will move the market, but instead the press conference afterwards, which could give us an idea as to where the market may go over the longer-term. Until then, things will likely remain rather choppy.

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