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US markets in red following weak Payrolls

FXstreet.com (Barcelona) - Shares in the US markets are trading in the defensive territory on Friday after the US economy disappointed investors adding 88K jobs in March, lower than the median at 200K and February’s 268K (revised up). The US Dollar Index is closing the week with sharp losses, hovering over weekly lows around 82.50 after climbing above 83.60 on Thursday.
DowJones is down 0.62%, followed by the S&P500, 0.78% and the Nasdaq, 1.02%.

European bourses extended its weekly losses, accelerating the decline after the US NFP missed expectations. The DAX was the worst performer losing 2.03% while the CAC40 and the FTSE100 retreated 1.68% and 1.49%, respectively.
On the opposite side of the road, the single currency posted strong gains, closing the week above the psychological mark of 1.3000, propped by the ECB’s inaction on Thursday and the lacklustre result from today’s NFP.

Commodities are trading mixed, with the barrel of WTI losing 0.54% at $92.76 and the ounce troy of the precious metal advancing 1.43% at $1,574.

Forex Flash: USD reveals reactionary trend surrounding data releases – ANZ

The US dollar is showing early signs of responding differently to US data. Whether or not this is consistent with one’s view of the world, it is, for the time being, a reality. “For data that surprises to the upside, there seems to be a threshold between those data that are just ‘better than expected’ and those data that are ‘significantly better than expected’. Of course, the market is attempting to distinguish those data consistent with the FOMC’s current assessment of the labor market from those data that may challenge it.” notes the ANZ Research Team.
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Forex Flash: Gilts break above pivot point – RBS

Gilts continued beyond the 119.56 pivot point, being the 161.8% Fibonacci projection from the March 2013 impulse wave. According to Dmytro Bondar, a Technical Markets Strategist at RBS, “The price action suggests the full wave projection of 120.52 would be tested soon. Depending on this test there would either be further upside to the 121.00, 121.26 and 121.82 levels or a pullback to the 119.56/27 support area."
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