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For the 24 hours to 23:00 GMT, the USD declined 0.83% against the JPY and closed at 111.51 on Friday.

In the Asian session, at GMT0300, the pair is trading at 110.96, with the USD trading 0.49% lower against the JPY from Friday’s close.

The pair is expected to find support at 110.32, and a fall through could take it to the next support level of 109.68. The pair is expected to find its first resistance at 112.05, and a rise through could take it to the next resistance level of 113.14.

Looking forward, traders would closely monitor Japan’s flash Nikkei manufacturing PMI for July, set to release overnight.

The currency pair is trading below its 20 Hr and 50 Hr moving averages.

For the 24 hours to 23:00 GMT, the USD declined 1.06% against the CAD and closed at 1.3125 on Friday, amid upbeat economic data.

Macroeconomic data indicated that Canada's consumer price index advanced 2.5% on an annual basis in June, posting its highest level in six months and compared to a rise of 2.2% in the preceding month. Markets had envisaged the index to rise to 2.3%. Moreover, the nation's retail sales rebounded to a 7-month high level of 2.0% on a monthly basis in May, overshooting market consensus for a rise of 1.0%. Retail sales had recorded a revised drop of 0.9% in the prior month.

In the Asian session, at GMT0300, the pair is trading at 1.3135, with the USD trading 0.08% higher against the CAD from Friday's close.

The pair is expected to find support at 1.3073, and a fall through could take it to the next support level of 1.3012. The pair is expected to find its first resistance at 1.3238, and a rise through could take it to the next resistance level of 1.3342.

Amid lack of major economic releases in Canada today, traders would focus on global macroeconomic events for further direction.

The currency pair is trading below its 20 Hr and 50 Hr moving averages.

For the 24 hours to 23:00 GMT, the AUD rose 0.97% against the USD and closed at 0.7428 on Friday.

LME Copper prices rose 14.8% or $784.0/MT to $6073.0/MT. Aluminium prices rose 0.6% or $13.0/MT to $2075.0/MT.

In the Asian session, at GMT0300, the pair is trading at 0.7419, with the AUD trading 0.12% lower against the USD from Friday’s close.

The pair is expected to find support at 0.7359, and a fall through could take it to the next support level of 0.7300. The pair is expected to find its first resistance at 0.7458, and a rise through could take it to the next resistance level of 0.7498.

In absence of key economic releases in Australia today, investor sentiment would be determined by global macroeconomic events.

The currency pair is trading above its 20 Hr and 50 Hr moving averages.

Daily Pivots: (S1) 0.7347; (P) 0.7389; (R1) 0.7461; More...

Outlook in AUD/USD is unchanged. Consolidation from 0.7309 is still in progress. Above 0.7483 will bring stronger rebound. But in that case, upside should below 0.7676 resistance to bring larger fall resumption. On the downside, break of 0.7309 and sustained trading below 0.7328 cluster support (61.8% retracement of 0.6826 to 0.8135 at 0.7326) will extend the fall from 0.8135 to 0.7158 support next.

In the bigger picture, medium term rebound from 0.6826 is seen as a corrective move that should be completed at 0.8135. Deeper decline would be seen back to retest 0.6826 low. This will now remain the favored case as long as 0.7676 resistance holds.

For the 24 hours to 23:00 GMT, Gold rose 0.58% against the USD and closed at USD1229.80 per ounce on Friday, amid weakness in US dollar and US equities.

In the Asian session, at GMT0300, the pair is trading at 1231.90, with gold trading 0.17% higher against the USD from Friday’s close.

The pair is expected to find support at 1220.67, and a fall through could take it to the next support level of 1209.43. The pair is expected to find its first resistance at 1239.17, and a rise through could take it to the next resistance level of 1246.43.

The yellow metal is trading above its 20 Hr and 50 Hr moving averages.

For the 24 hours to 23:00 GMT, Silver rose 1.37% against the USD and closed at USD15.54 per ounce on Friday, tracking gains in gold prices.

In the Asian session, at GMT0300, the pair is trading at 15.53, with silver trading 0.06% lower against the USD from Friday’s close.

The pair is expected to find support at 15.34, and a fall through could take it to the next support level of 15.15. The pair is expected to find its first resistance at 15.65, and a rise through could take it to the next resistance level of 15.77.

The white metal is trading above its 20 Hr and 50 Hr moving averages.

For the 24 hours to 23:00 GMT, Crude Oil declined 2.14% against the USD and closed at USD68.10 per barrel on Friday.

Separately, fresh figures from Baker Hughes disclosed that the number of active US oil rigs fell by 5 to 858 in the week ended 20 July.

In the Asian session, at GMT0300, the pair is trading at 68.10, with oil trading flat against the USD from Friday’s close.

The pair is expected to find support at 67.29, and a fall through could take it to the next support level of 66.49. The pair is expected to find its first resistance at 69.30, and a rise through could take it to the next resistance level of 70.51.

Crude oil is trading below its 20 Hr and 50 Hr moving averages.

Daily Pivots: (S1) 1.3075; (P) 1.3183; (R1) 1.3251; More...

Intraday bias in USD/CAD remains on the downside for 1.3063. Break will extend the corrective fall fro 1.3385 to 100% projection of 1.3385 to 1.3063 from 1.3289 at 1.2967. But we'd expect strong support from rising channel line (now at 1.2878) to contain downside and bring rebound. Larger rally from 1.2061 is expected to resume later.

In the bigger picture, as long as channel support (now at 1.2878) holds, we're holding to the bullish view. That is, fall from 1.4689 (2015 high) has completed at 1.2061, ahead of 50% retracement of 0.9406 (2011 low) to 1.4689 (2015 high) at 1.2048. Further rally should be seen for 61.8% retracement of 1.4689 to 1.2061 at 1.3685 and above. However, sustained break of the channel support will argue that rise from 1.2061 has completed and will bring deeper fall to 1.2526 support to confirm.

Daily Pivots: (S1) 1.1652; (P) 1.1696 (R1) 1.1766; More.....

EUR/USD is staying in consolidation from 1.1509 and outlook is unchanged. Further rise cannot be ruled out. But upside should be limited by 1.1851 resistance to bring fall resumption eventually. On the downside , firm break of 1.1507 will resume larger down trend through 50% retracement of 1.0339 to 1.2555 at 1.1447.

In the bigger picture, EUR/USD was rejected by 38.2% retracement of 1.6039 (2008 high) to 1.0339 (2017 low) at 1.2516. And, a medium term top was formed at 1.2555 already. Decline from there should extend further to 61.8% retracement of 1.0339 to 1.2555 at 1.1186 and below. For now, even in case of rebound, we won't consider the fall from 1.2555 as finished as long as 1.1995 resistance holds.

Daily Pivots: (S1) 1.3038; (P) 1.3089; (R1) 1.3183; More...

GBP/USD's recovery from 1.2956 is still in progress and further rise could be seen. But upside should be limited below 1.3362 resistance to bring fall resumption eventually. On the downside, break of 1.2956 will resume the decline from 1.4376 to 1.2874 fibonacci level

In the bigger picture, whole medium term rebound from 1.1946 (2016 low) should have completed at 1.4376 already, after rejection from 55 month EMA (now at 1.4179). Fall from 1.4376 should extend to 61.8% retracement of 1.1946 (2016 low) to 1.4376 at 1.2874 next. Decisive break of 1.2874 will raise the chance of long term down trend resumption through 1.1946 low. On the upside, break of 1.3362 resistance is needed to be the first indication of medium term bottoming. Otherwise, outlook will remain bearish even in case of strong rebound.