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Forex: GBP/USD plunges as NFPs roar

Having climbed from its opening low below 1.5000, GBP/USD climbed throughout today's European session, posting a morning high at 1.5047 prior to today´s NFPs.

However, today´s numbers came in 236k against expectations of 160k, shattering analyst expectations, while US unemployment fell back to 7.7% against expectations of 7.9%. The immediate reaction has seen a nosedive for Cable, with spot falling back to post a low at 1.4884. In the near term reaction, spot has bounced back higher to trade around 1.4910 and whether the downside is extended remains to be seen. Hourly RSI too has taken a dive, dipping sharply to 32, with a clear downward momentum.

Forex: USD/JPY soars above 96.50 on strong NFP

The dollar strengthened sharply and soared to a fresh 3 ½-year high against the yen after the February US nonfarm payrolls report came in much better than expected. The government reported the US economy added 236,000 new jobs, against 160,000 expected, while the unemployment rate fell to 7.7% fom 7.9% last month.
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Forex: EUR/USD dips to session lows on stronger US NFP

The single currency dropped to fresh session lows around 1.3025 on Friday after the US economy has created 236K jobs during February, beating expectations at 160K and up from January’s 119K. Continuing...
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