FXPrimus has summarized the important market indicators of the day.

Today’s Important Indicators

DOLLAR continued its range trading against YEN for another session while the US DOLLAR Index subdued as investors’ US growth expectations kick in.

EURO and POUND rose while GOLD as well as OIL continued moving higher.

Markets will focus on UK PMI and the US Jobs report.

Today’s Forecast for Important Trading Indicators

Market Movers

• EURUSD – EURO stronger against DOLLAR, closes trading session above $.125. EURO reached a weekly high in Thursday’s session following an array of data from the EU. The pair extended its gains forming a second wave up and it is possible that a third wave up reaching fresh multi-year highs will complete the upwards move before a substantial correction takes place.

• GBPUSD – POUND continues with continuation pattern, extends gains to 1.4260. CABLE rose against DOLLAR for a third consecutive trading day shrugging off a poor Manufacturing PMI report and stronger US fundamentals. The pair could hit the $1.43 level reached last week once more and this could occur even today if the US Payroll report comes out worse than expected. Markets eye the Construction PMI at 09:30 GMT.
• USDJPY – YEN losses steam in quiet week, lets DOLLAR rise as good data released. The Dollar-Yen pair rose yesterday owed to a weak YEN and partially owed to positive releases from the US. Although the pair rose to a daily high of 109.70, bulls retired few positions as US bond price fell on higher growth and inflation expectations. Investors will focus in the long-waited NFP release today at 13:30 GMT.

• USOIL – OIL prices extended for a second consecutive session, breaks above $64.60 handle. WTI price rose again as OPEC’s compliance keeps kicking in, offsetting soaring US production concerns. The recent high of $66.54 per barrel is likely to be reached in the very short-term; extension higher may be possible.
• XAUUSD – GOLD prices gradually higher despite good US data, investors eye Jan’s high. Spot GOLD rose $4 in the Thursday session following the DOLLAR Index rather than the Dollar-Yen as US T-Yields rose by seven basis points. Market participants look forward to the headline number for short-term gains.
• US Indexes – DJ rose by 0.14%, S&P 500 fell by 0.06%.
• European Indexes – UK 100 trades 0.04% lower, DE 30 -2.35%.
• Asian Indexes – ASX 200 rose by 0.50%, Nikkei 225 plummeted by 0.90%, Hang Seng trades 0.05% lower.
• US Equities – Amazon plunged by 4.20%, Twitter soared by 5.15%.