Mixed US jobs release, markets focus on.......>

FOREX: Mixed US jobs release, markets focus on soft AHE number

- Despite A stronger US headline jobs number, soft average hourly earnings and

an unexpected 0.2% rise in the unemployment rate triggered broad USD sales.

USDJPY touched pullback lows of Y110.38, before paring light losses. It's also

worth noting the unrounded unemployment rate was 4.048%, so it could have even

risen to 4.1%.

- Canada similarly to the US also witnessed a strong headline number, soft AHE

and a rise in the unemployment number. CAD initially improved against the USD to

C$1.3091, before another wave of sales pressed to C$1.3077.

- EURUSD continued its impressive run this week to $1.1680 and was highlighted

in an MNI Analysis email (1607BST). Failure to post a new low has seen a

subsequent reversal higher through descending channel top resistance,

potentially opening $1.1855, the 38.2% retracement of $1.2414-1.1509.

- GBPUSD holds near the peak of its $1.3204-80 daily range as markets remain on

Brexit headline watch following PM May's cabinet meeting.

- Despite US trade tariffs kicking in, AUD & NZD registered modest gains.