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NFP disappoints

Non-Farm Employment Change came out much weaker than expected (126K vs. 246K exp), and previous was revised down to 264K from 295K. While Average Hourly Earnings surprised to the upside (0.3% vs. 0.2% exp), Participation Rate fell to 62.7% from 62.8%.
The biggest winners appear to be EUR/USD (pip-wise) and NZD/USD (percentage-wise), with USD/CAD also doing fine. Prices are pulling back at the moment, but that's not unusual after such overdone moves and right into holiday extended weekend.
Disapp…
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Range trading prevails

Both ADP Non-Farm Employment Change and ISM Manufacturing PMI came out weaker than expected and USD/JPY is (again) testing 119.50 after being down there in Asian session. Overall, range trading prevails as Easter holiday closing in and liquidity getting thinner. But that's not to say an outsized move is not possible.
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