U.S Jobs Report is Better Than Expected In Apr. Sell USD On Rallies!

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The U.S Nonfarm Payrolls rose 211K, from 79K in the previous month, passing forecast of 185K in the last month.

The Unemployment Rate fell 4.4%, from 4.5% a month earlier, missing forecast of 4.6% in the last month.

This development is likely to support the USD “strongly” but since the dollar is under heavy pressure, these data should be taken as an opportunity to sell the USD on rebound…

EURUSD still trading above 1.0950 levels, more gains are likely, If not today, it will be next week…

GBPUSd still hesitating around 1.2945 levels, but sooner or later is supposed to break higher…

USDJPY challenges the critical resistance 112.67…

 

 

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