Better than expected Non Farms spark risk rallies! 

• The US Dollar Traded weaker against most majors and stronger against the yen as better than expected albeit still negative August Job Numbers helped inspire further US stock market gains and create a risk on environment. The USD fared weaker across the board with the Euro and Aussie leading the majors higher. The better than expected NFP report however weakness the case of further Quantitative easing by the Fed which may actually result in a stronger Dollar that is if a string of positive data start hitting the wires. August Non Farm Payrolls -54k vs. -100k forecast. The August Unemployment Rate increased to 9.6% vs. 9.5% previously. In US stocks, DJIA +127 points closing at 10447, S&P +14 points closing at 1104 and NASDAQ +33 points closing at 2233. Looking ahead, US Bank Holiday Today.
  
  The Euro the Euro rallied to week highs as stocks traded higher and mixed US data encouraged Dollar sales. We saw the immediate USD strength following better than expected NFP reverse by heavy EUR/JPY buying. August US ISM services came out weaker at 51.5 vs. 54.3 forecasts which helped the Euro's gains extended to test 1.2900. EUR/USD traded with a low of 1.2810 and a high of 1.2897 before closing at 1.2891. Looking ahead, September Sentix Index forecast at 8 vs. 8.5 previously.  

Currency to watch out for: EURUSD & USDJPY

• § The EURUSD pivot point is at 1.2850 with a preference to enter into Long positions at 1.2860
• § The USDJPY pivot point is at 84.15 with a preference to enter Short positions at 84.20               

Today's calendar and market movers:

• § Euro Zone Sentix Index for September forecasted at 8
• § United Kingdom Retail Sales for August is out prior months reading was 0.5%
• § Australia Reserve Bank Rate Decision for September forecasted at 4.5% 

Equity Markets: 

• US equities closed positive on Friday with the S&P500 at 1.32% and the DJIA at 1.24%. The European bourses were positive with the FTSE up 1.06% the DAX and the CAC closing at 0.83% and 1.12% respectively. The NIKKEI and the HSI at the time of writing is 2.05% and 1.32% respectively.