Dollar dives sharply in early US session after huge employment data miss. Canadian Dollar is slightly weaker, also on job data disappointment. Euro and Swiss Franc are quick to jump on assaulting the greenback. But Yen is not too far behind, as stocks could be under some pressure after the data. As for the week, Dollar is set to end as the worst performing one without little doubt. Kiwi and Aussie are currently strongest, but Euro has the potential to overtake them.

Technically, with the current surge, EUR/USD is likely ready to resume the rise from 1.1703. Firm break of 1.2149 will confirm and target 1.2242/2348 resistance zone. USD/JPY’s break of 108.70 minor support also suggests that recovery from 107.47 has completed, and retest of this low could be seen soon. Eyes will now be on 1.4008 resistance in GBP/USD and 0.7815 resistance in AUD/USD to confirm more dollar bearishness.

In Europe, at the time of writing, DAX FTSE is up 0.35%. DAX is up 0.89%. CAC is down -0.13%. Germany 10-year yield is down -0.024 at -0.244. Earlier in Asia, Nikkei rose 0.09%. Hong Kong HSI dropped -0.09%. China Shanghai SSE dropped -0.65%. Singapore Strait Times rose 0.86%. Japan 10-year JGB yield dropped -0.0045 to 0.085.

Source: www.actionforex.com