Initial jobless claims were reported higher even though non-farm payrolls increased last week. It can be a sign of a complex and dynamic job market where the overall number of jobs is growing but there are still challenges and opportunities for workers and employers. The market eyes the producer price index (PPI) to measure the Fed's performance in reducing inflation and the outlook for future interest rate decisions.

EQUITY

S&P stay stagnant yesterday possibly preparing for minor correction before deciding its major trend. Wall street forecasted S&P to return negative for the first time since 1999, expecting the index would fall to 3,900 by the end of the year and lower next year.

OIL

Oil prices have fallen in the last five days as global economic growth slows and fuel demand falls. The temporary closure of a major Canada-U.S. The crude pipeline temporarily increased prices, but the rally was short-lived. Brent's 14-day relative strength index fell below 30, indicating that a rebound is possible. Western leaders are in talks with Turkey to address the tanker delay caused by new Russian oil export regulations.

GOLD

Gold prices have steadily risen following a drop on Monday, as the market awaits US inflation data and the Fed meeting on the 14th. Technically, gold is expected to test resistance at 1830 next week before retracing to support at 1804 or 1785.

CURRENCY

Asian currencies gained ground on Friday as the dollar fell ahead of US inflation data. The yuan is expected to outperform peers due to enthusiasm over China's reopening, but other Asian currencies are expected to lose ground due to increasing interest rates and recession fears in the United States. The yen is a rare Asian outlier, with the dollar projected to weaken if US inflation data exceeds expectations, putting pressure on Asian currencies.