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US Non Farm Payroll figures will provide positive/negative directions to all the markets

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by ManiKrishnan Zurich (kmany2112@yahoo.com) -Independent forex analyst

04/05 Important: tonight at 8.30pm KL time The US Non Farm Payroll figures will provide positive/negative directions to all the markets.
Private-sector hiring slows in April, stirs concern:-
– If payrolls come in higher than expected and the unemployment rate falls, it’s likely that equity markets and the U.S. dollar would rally on ideas the U.S. economy is showing growth. Gold would likely slip because the possibility of more monetary stimulus from the Federal Reserve.
– If payrolls data comes in lower than expected, weaker equities because of lower growth prospects. USD may rally on safe-haven flows. A poor jobs report means a greater chance of stimulus from the Fed. Equities could rally with gold. USD may weaken.

04/05 8am KL = USD/YEN STRONG SUPPORT 79.60/50 RESISTANCE 80.85 Stay long USD Short YEN

04/05 8am KL = EUR/USD SIDEWAYS STRONG SUPPORT 1.31.05 , 1.3000 tonight NFP will provide direction.

04/05 8am KL = GBP/USD Sideways Buy GBP BULLISH support 1.6150 , 1.6080

04/05 8am KL = GOLD support 1629/- yesterday NY low 1630/- Asia high 1658/- Today ASIA open 1635.65

03/05 = Weak U.S. ISM business report put pressure on the U.S. stock, commodity markets and precious metals. The European Central Bank left its interest rates unchanged and made no hints at further easing of monetary policy, that was also BEARISH for commodity and stock market.