After a pretty quiet week we’ve had a pretty eventful post-payrolls market. The euro performing well (though not as well as the CAD, which saw huge job gains in September) on the crosses, besting the pound and JPY.
US yields are 10 bp higher than 24 hours ago, a major support for the interest rate sensitive USD/JPY, and a sign that markets are more comfortable assuming risk, showing some willingness to leave the safe harbor provided by the US Treasury.
Equities like the Goldilocks employment report: Not to hot to dissuade the Fed, not to cold to imply a crash back into recession for the US.
EUR/USD eyes resistance in the 1.3075/85 region near-term. Supports are at 1.3045 and 1.3030 on pullbacks.
