U.S Non-Farm Payrolls Flies To 271K In Oct, US Dollar Follows!

USA Nonfarm payrolls min
USA Nonfarm payrolls min

According to the U.S. Department of Labor, the U.S Non-Farm payrolls rose unexpectedly to 271K, from 137K in the previous month. Analysts had expected U.S. Non-Farm Payrolls to rise 180K in the last month.

Market impact: This development boosted the U.S dollar, the U.S dollar index files beyond 99.00 levels, further upside remains in sight towards 100.00 levels.

EURUSD: The pair fell to 1.0700 levels and rebounded, further down is likely towards 1.0653 levels, in the case of a rebound, 1.0800 should limit any upside move…

GBPUSD: The cable fell below critical weekly and daily support 1.5130, at the moment trades around next support at the 1.5035 levels, a halt is likely, but a clear break below this level will turn focus on the 1.4900 levels, resistance comes at the 1.5130 (broken support).

USDJPY: The pair jumped to 123.00 levels, further upside remains likely towards 123.30 levels, a break will turn focus on the 124.50 levels, support comes at the 122.00 levels.

Crude Oil: The pair trades around minor support 45.50, a cut below this level is likely, if seen, next support comes at the 42.90 levels, resistance remains at the 47.05 levels.

XAUUSD: The Gold fell below 1104 support level, reached 1087 levels, next critical support comes at the 1082 levels, a halt is very likely, but if 1082 fails, a free fall towards 1047 levels will be in sight, resistance at the 1104 levels.

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