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Forex: EUR/JPY continues surge post NFPs

FXstreet.com (Barcelona) - EUR/JPY has continued its surge higher following today´s underwhelming US Non Farm Payroll numbers.

The pair is trading just shy of its daily high at 126.65, and is within range of its high since 2009 of 127.70. The drastically underwhelming NFP numbers of 88k, against expectations of 200k saw a surge of EUR strength, as the implication is that the Fed will not be planning a QE exit any time soon. Additionally, JPY has weakened following the BoJ´s recent announcement of unprecedented levels of asset purchases. Hourly stochastics are indicating that spot is in overbought territory, with RSI at 76, just below its corresponding region. To the downside, the next level of support below looks to be around 125.50, ahead of the 23.6% Fibonacci Retracement level from the recent Low to High, which sits at 124.87.

Forex: EUR/USD retreats from highs above 1.3030

The shared currency keeps pushing higher on Friday, hovering over 1.3030 as buying interest remains intact. Recall that poor data from US Payrolls during March (88K vs. 268K) boosted the demand for...
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Commodities Brief – Precious metals rally, silver retakes 27.00 level

Gold prices made a comeback Friday after the release of lackluster US economic data earlier today. American trading was seen staunchly in the red, which created an impetus for the yellow metal. After multiple days of notable losses, gold prices are now trading at USD $1566.71 per oz. presently, slightly off its highs in the 1570 region.
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