Good Afternoon,
As promised, a NFP wrap-up. And how do you like that for "low volatility"? Analysts expected 114k and we got 114k. Funny how that happens - when markets aren't volatile, you don't get any breaks. So anyone who thought there would be surprises, there weren't.
And technically, the markets rally big off the news of 114k jobs created - are you serious? As I said yesterday, I feel bad for the job seekers.
Just a weird tidbit, we dropped our rate of unemployed from 8.1 to 7.8 - so 114k is 3% of 10 million people out of work?

Anyway, technically, it was a fun day. We had a huge move up in equities, then a huge break, which caused larger ranges in forex.
BUFFALO BOUNCES came in as equities gave back all of their gains. First the AUD/USD, then the NZD/USD:

Past performance is not indicative of future results

Past performance is not indicative of future results
Interestingly enough (or maybe not), the strongest currency against the USD today of the 6 majors was the EUR followed by the CHF.
Here is the selloff in SPY, where it bounced nicely off the trendline - old resistance is now new support:

Past performance is not indicative of future results
Will the equities hold this support line? If not, will we see the USD strengthen a bit - it sure has been weak as of late until this afternoon and could be slightly oversold. But overall, trend is up in equities and trend is down in USD.
What will next week bring? A very slow week when it comes to economic data. Earnings are coming up so keep an eye on your option positions.
Forex trading is one of the riskiest forms of investment available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose.