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Strong NFP reading (223k vs est 194k) on......>

FOREX
FOREX: Strong NFP reading (223k vs est 194k) on headline and components with AHE
improving and unemployment at 18-year lows, saw the USD firm across the board.
- USDJPY improved ahead of the US jobs report following President Trump's tweet
saying he looks forward to the release. Rate squeezed to react highs of Y109.73
(100-wma) but soon faded to hold Y109.50/60. US ISM Mfg also came in above
expectations (58.7 prior 57.3).
- EURUSD encountered fresh pressure following a Rtrs report detailing an EU vote
earlier in the week to set up funds to help countries quit the Euro. Traders
also cited post sales after the rolling off of the E4.7bn $1.1700 option expiry
at the NY cut. Rate touched pullback lows of $1.1617, before immediately paring
losses amid choppy price action to hold $1.1665/70.
- GBPUSD reversed NFP losses to $1.3362 and registered its 3rd consecutive day
of gains. Momentum signals are starting to turn more bullish, seasonal patterns
suggest June is a favourable month.
- Commodity currencies struggled amid softer oil prices and metal tariffs.
USDCAD briefly made a show above C$1.3000, NZD dipped back under $0.7000. 

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