Oil has lacked directional conviction after failing to break above confluence resistance last week, with prices ranging between ~$77.50 and ~$74.00 ahead of a possible breakdown.

Gold prices gyrate lower as the U.S. dollar and bond yields rise following better-than-expected U.S. economic data ahead of next week’s key Fed decision.

USD/ZAR fails to reclaim the R18/$ mark despite rate pause. The ZAR could be in for some short-term pain but the bigger picture appears to finally turning a corner.

The British Pound is edging lower after yesterday’s better-than-expected inflation report sent UK Gilt yields tumbling.

Better-than-expected UK core inflation data breathed life into the FTSE, placing the index well above two major levels of resistance in less than two days

The Yen enjoyed a slight uptick in the Asian session following a trade surplus in June. Murmurs around intervention is likely to continue to keep the Yen supported with losses likely to be short lived.

​The Dow is sitting close to the 2023 it hit yesterday, while the Nasdaq has seen momentum dissipate. Meanwhile, the Nikkei 225 has seen a wave of selling that threatens to negate the bullish view seen earlier in the week.

The euro looks to be running out of steam despite persistent high inflation ahead of next weeks ECB and FOMC announcements.

The Canadian dollar looks set to resume its rise against some of its peers, thanks to a still-hawkish Bank of Canada (BoC) and a potential base building in oil prices. What is the outlook for USD/CAD, GBP/CAD, and EUR/CAD?