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Wall Street rallies to record highs on employment report

FXstreet.com (San Francisco) - The US stocks market traded higher on Friday as investors' confidence was fueled by the better than expected employment report in April. The Dow Jones briefly broke above the 15,000 level 6 years after its first cross of 14,000 but closed 27 points below that level.

The S&P 500 jumped to its highest level and broke the 1,600 magic number and the Nasdaq advanced further to a fresh multi-year high.

The DJIA advanced 142.38 points or 0.96% to end the day at 14,973.96. On the weekly basis, the Dow rose 1.78%. The S&P 500 added 16.83 points or 1.05% on the day and 2.03% on the week to close Friday at 1,614.42. And the Nasdaq won 38.01 points or 1.14% to end the day at 3,378.63. The Composite rallied 3.03% on the week.

Forex: AUD/USD trades at intra-day highs at 1.0325

After rising around 80 pips from 1.0240 to test the 1.0320 following the NFP report, the AUD/USD traded in consolidation mode between 1.0305 and 1.0315. But in the last hour, the AUD/USD advanced to reach fresh intra-day high at 1.0325.
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Forex: EUR/USD's roller coaster but pair remains at the same levels; what's to come?

As first reaction following the better than expected US April employment report, the EUR/USD jumped to 1.3147, but it was just a moment when the pair gave away more than 100 pips to the 1.3034 and then to bounce again to a new intra-day high at 1.3160. After that, the story was over with the pair trading water around 1.3100, closing at 1.3115, 0.38% above opening price.
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