US Non-Farm Payrolls in Focus. Silver XAGUSD Breaking Upper Trend Line. OPEC Meeting!
Trade the US Non-Farm Payrolls and the Canadian Employment Figures Out at the Same Time Today.

In today’s GCI Market Outlook, let’s take a look at Forex Trading on Silver XAGUSD, WTI Crude Oil, the EURUSD, and USDCAD.
Everyone, especially the Fed, is waiting for the US Non-Farm Payrolls, aiming for very low numbers now.
How should we trade this?
Firstly, a number lower than expected will confirm to the Fed that they should lower interest rates this month.
That will cause USD to weaken, but we see mixed strength and weakness on USD pairs.
USDCAD, USDCHF, and USDJPY show us USD strength.
However, it’s the opposite with EURUSD, AUDUSD, and GBPUSD.
In any case, after the results today, after the dust settles, today or early next week, few want to open positions WITH the trend.
For example, we can see on the USDCAD daily chart long-term and short-term bullish price action.
Therefore, if the news goes against the trend, we may have an opportunity to trade WITH the trend later.
As it is right now, we see USDCAD on the 4-hour with price action trying to break the lower trend line.
If price action falls to support on the news at $1.379 or $1.375, we will assess the technicals and fundamentals and consider a long position.
I encourage you to look at all USD pairs in the same way, either long or short.
Speaking of USDCAD, the Canadian dollar may be affected by the OPEC meeting on Sunday.
WTI and Brent Crude are showing no clear direction, but if OPEC decides to increase production, we may see a Monday morning gap to the downside.
If that is the case, we may have a nice gap trade to consider.
But, as always, check your technicals and check the news.
Price action on WTI almost always affects CAD, and, like USD, we have mixed strength and weakness.
This may give us lots of opportunities on Monday.
And finally, on silver, we see a downtrend and a very overbought stochastic oscillator on most time frames.
But, be careful, this might be just a bullish breakout from a falling wedge.
That’s all for now.
CFDs and FX are leveraged products, and your capital may be at risk.
Latest Analysis
- US Non-Farm Payrolls in Focus. Silver XAGUSD Breaking Upper Trend Line. OPEC Meeting! Today 03:52 AM
- WTI Crude Oil Approaching Resistance. Forex Trading Gold XAUUSD at All-Time High! Silver XAGUSD at 14-Year High. September 02, 2025 03:18 AM
- Buy the Dip on the S&P500 and NASDAQ? Forex Trading Short on NZDUSD and Gold XAUUSD. August 29, 2025 07:37 AM
- Forex Trading on Economic News. Trading Short AUDUSD. NVIDIA Earnings Tomorrow. August 26, 2025 03:50 AM
- Jackson Hole, BoE, BoJ in Focus. Forex Trading Short on Silver XAGUSD. August 22, 2025 08:33 AM
- Silver XAGUSD Forming Head and Shoulders Pattern. Forex Trading Reversals on NZD Pairs. Brent Crude Oil in Symmetrical Pennant. August 20, 2025 02:50 AM
- Forex Trading Long on GBPUSD. Gold XAUUSD Forming Symmetrical Pennant? Trading Short on Brent Crude? August 15, 2025 06:20 AM
- Forex Trading on Today’s US CPI Inflation Figures. Trading Long on AUDCAD & AUDJPY? August 12, 2025 08:17 AM
- Forex Trading EURGBP Post BoE Interest Rates. US Indices Fall on Tariffs: Buy the Dip? August 08, 2025 03:25 AM
- NASDAQ and S&P 500 Recovery. USD Consolidating After NFP Weakness. Forex Trading Long on Silver? Today 01:51 AM
Open an account in minutes
Trade on our award-winning platforms with ultra-fast and ultra-secure execution.
OPEN AN ACCOUNT