As mentioned in my NFP previews, the low expectations were in favor of the dollar, but not all against all currencies – Euro, Pound, Swissy and Yen weaken, while the Aussie and loonie beat the dollar. This NFP is different: Non-Farm Payrolls came out a little bit better than expected: they showed a loss of 36,000 jobs, better than about 50,000 that was expected. Last month’s number was revised to a loss of 26,000, an insignificant change from the loss of 20,000 initially reported. A small positive surprise was also seen in the Unemployment Rate which remained at 9.7% and didn’t rise back up to 9.8% as expected. Let’s see the reaction: Forex reaction – Pound going under 1.50 EUR/USD fell from 1.3580 to 1.3530 after the release. This 50 pips instant drop is a good reflection of the slightly better results. The most important support line for EUR/USD is 1.3423, and that’s still far away. EUR/USD recovered afterwards, but remained lower than GBP/USD is also vulnerable to good American figures and it fell from 1.5040 to 1.4995, just below the round psychological number of 1.50. The important bottom line for the Pound is at 1.4780. This is a historic support line and also this week’s bottom – GBP/USD bounced off this line after the big collapse. GBP/USD recovered later. USD/CHF and USD/JPY are on the rise – the US dollar gains ground against these majors. But the picture is different in the commodity currencies: AUD/USD rises from 0.9010 to 0.9060, getting ready to attack the 0.90 resistance line that it failed to breach earlier this week. Also the Canadian dollar is beating the US dollar – USD/CAD fell from 1.0320 to 1.0270. It went as low as 1.0269 earlier this week, and the most important support line is at 1.02 – the 2009 low. – Post still being updated – Want to see what other traders are doing in real accounts? Check out Currensee. It’s free. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Other Forex Stuff share Read Next Forex Links for the Weekend Yohay Elam 12 years As mentioned in my NFP previews, the low expectations were in favor of the dollar, but not all against all currencies - Euro, Pound, Swissy and Yen weaken, while the Aussie and loonie beat the dollar. This NFP is different: Non-Farm Payrolls came out a little bit better than expected: they showed a loss of 36,000 jobs, better than about 50,000 that was expected. Last month's number was revised to a loss of 26,000, an insignificant change from the loss of 20,000 initially reported. A small positive surprise was also seen in the Unemployment Rate which remained at 9.7% and… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.