CAD granted spell of reprieve on better.......>

FOREX: CAD granted spell of reprieve on better jobs data

-After a woeful few sessions for CAD (USD/CAD rallied just shy of 2% at some

points this week), CAD was finally granted some reprieve on better-than-expected

jobs data. Canada added over 10 times as many jobs as forecast (evenly split

between full-time and part-time roles) in January, with the participation rate

ticking higher and undercutting the rise in the unemployment rate. USD/CAD

corrected back below the $1.33 mark on the news, but still has a ways to go

before erasing the week's sharp losses. Nonetheless, CAD sits top of the G10

pile Friday.

-Elsewhere, market moves were quiet with most major pairs sticking to their

recent range. Risk sentiment is clearly fragile however, with AUD/JPY beginning

to look particularly weak on a technical basis as it approaches key trend

support at around the Y77 mark.

-Focus in the coming week turns to the RBNZ rate decision, retail sales and

inflation data from the UK, CPI from the US and GDP readings for UK, Japan,

Germany and the Eurozone.