USD/JPY forex 2/7

 USD/JPY is little changed after Friday's job report, trading up to 109.95 before the data release and 109.76 after. Analysts say the report is likely to have a minimum effect on markets since the Fed isn't likely to alter its policy stance based on the release. The Labor Department said employers added 225,000 jobs in January, versus economist estimates of 158,000. The WSJ Dollar Index was recently at 91.48.

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To make more money and have more winning trades you need to look at swing trading to avoid all the chop and channels that occur during the day. Day trading volatility and low volume is a harbinger of losing trades and a new trader will lose money for a long time. It is better to study a program these days than financial statements or charts that only look in the daily trend and not longer term trend that don't have all the chop associated with day trading. Professional Techniques For Short-Term Currency Trading

Downside risks for EUR/USD 2/6

Downside risks for EUR/USD could see the euro drop below the $1.0980-$1.0990 support zone, says TD Securities. Signs of further deterioration in the eurozone economy, emerging political risk in the region as factional discord arises in Germany's ruling coalition, plus limited scope for the European Central Bank to boost the economy by cutting rates further show the euro could weaken, it says. The first test would be a solid U.S. employment reading Friday, as it could easily send EUR/USD below 1.0950 to put a test of the early October multi-year low of $1.0879 into view, says the bank. EUR/USD is last flat at 1.1003.

forex chart CAD/JPY 2/4

	The following assumptions that have been made: - At least 20 pip forecast - The key level and chart pattern were at most 5 candles apart at time of identification

	Symbol : CADJPY

Direction : Identified time : 2020-02-04 15:01 GMT Breakout price : 82.278 Forecast price : 82.65892 Forecast pips : 38 Probability : 65.39 %

Pattern : Channel Down Interval : 60 Min Pattern : Resistance Interval : 60 Min

Oil prices 2/3

Oil prices are off their lowest level in more than a year after Saudi Arabia ponders what it needs to do to stabilize prices.  OPEC + will have a two-day technical meeting starting tomorrow and expectations are high we could see a total reduction of 500,000 to 1-million barrels per day of additional cuts.  The start of the trading week saw West Texas Intermediate crude fall to the $50.42 level after reports that Chinese oil demand plunged by ~3 million barrels a day, which is about 20% of their total consumption. 

Oil prices will likely remain near the low $50s until we see further signs that China will see some return to normalcy with oil consumption.  Any extended cuts delivered by OPEC + will likely deliver rallies that will get sold into.  Oil prices will remain heavy until we see start to see some signs that the virus may be peaking.