Non Farm Payrolls show a gain of only 39,000 jobs. The unemployment rate unexpectedly rose to 9.8%. This isn’t good. Initial reaction – EUR/USD rises above resistance to 1.33 in choppy trading and moves quickly to encounter the next resistance. Update – this level is broken as well – Euro/Dollar at 1.3360. The initial reaction is “normal” – a weaker dollar on a weak US figure. Other currencies rally against the dollar as well. Euro/Dollar is currently at 1.3330, just under the minor level of 1.3334. The next level, if this is broken, is 1.3440. USD/JPY falls to support at around 82.87 after the release. This is a huge drop of almost 100 pips. The Japanese yen is the currency that benefits most in such cases, as it strengthens on US weakness and also enjoys a safe haven status – a status that other currencies such as the Euro don’t enjoy. AUD/USD made a sharp move higher, but halted at the 0.9863 resistance line. It was advancing also earlier, but got a really big boost. It’s now trying to break this level. GBP/USD is above the mighty 1.5650 resistance line, but doesn’t get so far away. The reaction in the pound is more limited. This time, the big disappointment came from the private sector – only 50,000 jobs were gained. Expectations stood on 160,000 for this sector. One of the previous disappointments came from the government, which made huge layoffs. This time it was different. The “real unemployment rate” counting also people that have lost hope and aren’t actively looking for a job, remains at a horrible high of 17%. Early expectations stood on a rise of around 150K, although a figure of 200K was also mentioned several times. The unemployment rate was expected to remain unchanged at 9.6%. EUR/USD rose before the release, but its gains were limited – capped under the 1.3267 resistance line. 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 Forex News Today: Daily Trading News share Read Next AUD/USD Parity only 80 Pips Away Yohay Elam 12 years Non Farm Payrolls show a gain of only 39,000 jobs. The unemployment rate unexpectedly rose to 9.8%. This isn't good. Initial reaction - EUR/USD rises above resistance to 1.33 in choppy trading and moves quickly to encounter the next resistance. Update - this level is broken as well - Euro/Dollar at 1.3360. The initial reaction is "normal" - a weaker dollar on a weak US figure. Other currencies rally against the dollar as well. Euro/Dollar is currently at 1.3330, just under the minor level of 1.3334. The next level, if this is broken, is 1.3440. USD/JPY falls to support… 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.