Recovery off Thursday's post ECB........>

EURO-DOLLAR: Recovery off Thursday's post ECB react low of $1.1177 extended to

$1.1221 through Asia and the European morning ahead of today's release of key US

Employment data. Headline NFP miss (20k vs median forecast 180k) prompted a

spike on to $1.1241 before it pulled back to $1.1215 on slight upside revision

to January data and stronger than forecast earnings. The release however only

caused a slight hiccup to the EUR's recovery, which with the help of EUR/GBP (as

the pound lost ground on Brexit headlines), allowed EUR/USD to edge on to

$1.1246. Rate looked to be settling around $1.1240 as markets quieten down

toward the weekend. Fed Powell speaks after the market close, the last

appearance of a Fed official ahead of the pre-March meeting black out period.  

- Monday EU data brings Germany Trade, Q4 Labour Costs and IP 0700GMT. US Retail

Sales 1230GMT (note the earlier release due to the clock change in the US at the

weekend, moving clocks forward 1 hour)