Currency Updates:
U.S. Dollar Trading (USD) ended the week volatile with good April Non Farm Payrolls helping most markets to rally and the safe haven USD was sold. The pick up is risk appetite was short-lived however on rumors Greece was contemplating leaving the Eurozone. April Non Farm Payrolls +244k vs. + 200k forecast. The Unemployment rate did tick higher to 9.0% however. In US stocks, DJIA +54 points closing at 12638, S& P +5 points closing at 1340 and NASDAQ +12 points closing at 2827. Looking ahead, April Employment Trend previously at 100.9.
U.S. Dollar Trading (USD) ended the week volatile with good April Non Farm Payrolls helping most markets to rally and the safe haven USD was sold. The pick up is risk appetite was short-lived however on rumors Greece was contemplating leaving the Eurozone. April Non Farm Payrolls +244k vs. + 200k forecast. The Unemployment rate did tick higher to 9.0% however. In US stocks, DJIA +54 points closing at 12638, S& P +5 points closing at 1340 and NASDAQ +12 points closing at 2827. Looking ahead, April Employment Trend previously at 100.9.
The Japanese Yen (JPY) was sold against most currencies after the US Jobs numbers with USD/JPY testing Y81 immediately after and AUD/JPY and GBP/JPY doing well. EUR/JPY reversed on the Greece rumors but is well positioned going into the new week. Overall the USD/JPY traded with a low of 80.16 and a high of 80.93 before closing the day around 80.62 in the New York session.
The Japanese Yen (JPY) was sold against most currencies after the US Jobs numbers with USD/JPY testing Y81 immediately after and AUD/JPY and GBP/JPY doing well. EUR/JPY reversed on the Greece rumors but is well positioned going into the new week. Overall the USD/JPY traded with a low of 80.16 and a high of 80.93 before closing the day around 80.62 in the New York session.
The Australian Dollar (AUD) tracked stocks markets higher in the US session Friday with 1.0800 tested at one point. The sharp reversal with the Euro led to AUD/JPY and AUD/USD selling but the market was keen to buy the dip closing on the front foot above 1.0700. Overall the AUD/USD traded with a low of 1.0579 and a high of 1.0802 before closing the day at 1.0720 in the New York session.
Oil & Gold (XAU) ended four days of heavy selling to stage a small recovery alongside silver. Overall trading with a low of USD$1471 and high of USD $1591 before ending the New York session at USD$1493 an ounce. Sharp selling continued in Europe on Friday with the market under $95 briefly before soaring back above $100 on good US jobs data. The wild oil market is recent session&rsquo s looks likely to continue with $100 seen as the key pivot point and resistance. WTI Oil Closed -$2.60 at $97.20 a barrel.
