First day of new trading month and we have seen high volatility on majority of pairs due to NFP news event. After today's better than expected payroll numbers along with improvement in average hourly earnings, I am bullish on US Dollar in coming days as US economy continues to show improvement, whereas economic growth in China, Japan & Europe remain sluggish.

Will wait until the dust settle down after today's impulsive move and will observe price action on Monday and Tuesday to get an idea how major market participants are positioning for this month.


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