The dollar once again fell against the euro and the pound even though the monthly jobs report surprised to the upside and the probability of a June rate hike rose to 100%.
OPEC has shown unusual discipline in sticking to production cuts in the first half of 2017. We asked traders, will OPEC extend cuts beyond June in the face of increases in U.S. shale production and what would that mean for price.
Oil fell around 1% on Monday as investors continued to unwind bets on higher prices after record cuts last week because of concerns that growing U.S. oil output could hamper an OPEC-led production cut deal.
The Fed’s dovish rate hike on Wednesday caused the dollar to weaken noticeably and there was some follow-through in the selling pressure on Thursday as the Dollar Index neared the 100 level again.
Gold and silver have risen for the third straight day and both precious metals look set to close the week higher. Over the past nine weeks, gold has risen on eight occasions. Silver meanwhile has risen in each of the past nine weeks.

On the S&P 500, price broke out of a triangle formation nearly three weeks back, which means that index is now in a final leg up within a higher degree Wave 3.

The USD/JPY is making a deep pullback from 114.95, while a reversal going on for the AUD/USD down from 0.7733.

The first trading week of 2017 is nearly over. U.S.

The U.S. stock market's bull run since 2009 will extend into 2017 if President-elect Donald Trump's plans to stimulate the economy with infrastructure spending and financial deregulation come to pass, according to strategists in a Reuters poll.
WTI Crude received a pummelling on Tuesday with prices sinking below $49.50 after reports displayed an inflated rise in U.S inventories which revived concerns over the excessive oversupply in the markets.