EUR/USD extends recovery from 2-month lows, focus remains on NFP
The EUR/USD pair extended its recovery momentum from 1.1100 neighborhood and is now trading with only marginal losses ahead of US monthly jobs report.Currently hovering around 1.1140 level, the pair on Thursday broke below the very important 200-day SMA and subsequently dropped to nearly two-month lows during early European session on Friday. The pair, however, found some buying interest at lower levels after German and French industrial production for the month of August surprised on the upside by printing a higher-than-expected growth of 2.5% and 2.1% respectively. Friday's key focus would remain on the US monthly jobs report, slated for release later during NA session. Market consensus is pointing the headline NFP print to come-in to show addition of 172K jobs in September, higher than 151K jobs added in the previous month.Today's US employment details would be a key driver of market expectations over the timing of next Fed rate-hike action and hence, would eventually be an important factor assisting investors to determine the greenback's near-term trajectory.Valeria Bednarik, Chief Analyst at FXStreet, notes, "The pair has an immediate support at 1.1080/90, a daily ascendant trend line coming from November 2015 low of 1.0505. Should the price break below the mentioned line, there's scope for a steeper decline, down to the 1.1000/40 region, with a weekly close around this last opening doors for a downward extension towards 1.0850 next week."She further adds, "If the pair recovers ground, however, 1.1160 is the immediate resistance, followed by the 1.1200 figure. Gains beyond this last seem unlikely, yet an extremely disappointing employment report can take the pair up to 1.1245."

GBP/USD dipped to 1.2230 as sellers keep the pressure
The selling pressure around the Sterling has now intensified, sending GBP/USD to the 1.2230 region.Spot remains entrenched in the negative territory at the end of the week, navigating levels last seen more than three decades ago around the 1.2300 neighbourhood, managing to regain some interest (?) after the overnight plunge to the sub-1.19 region.Poor results from Manufacturing Production and Industrial Production in the UK have added to the current GBP weakness, ahead of the NIESR GDP Estimate expected later in Europe.On the USD-side, September?s Non-farm Payrolls are up next (172K exp.) ahead of speeches by FOMC?s VP S.Fischer, Cleveland Fed L.Mester (voter, centrist/hawkish) and Kansas City E.George (voter, hawkish).As of writing the pair is losing 2.31% at 1.2326 with the next support at 1.1841 (low Oct.7). On the flip side, a breakout of 1.2772 (high Oct.5) would expose 1.2920 (near term resistance line) and finally 1.2972 (20-day sma).

NZD/USD weaker below 0.7150, awaits NFP for fresh impetus
Having dropped to its lowest level in nearly two months, the NZD/USD pair has managed to rebound few pips but remained in negative territory for the fifth straight session.Currently trading around 0.7145 level, the pair extended its bearish break-out below 50-day SMA and dropped below 100-day SMA support for the first time since May. This week's disappointing release of GDT Price Index, coupled with increasing prospects of Fed rate-hike move, has been the key factors weighing on the Kiwi.Moreover, market expectations for further monetary easing by RBNZ at its November meeting has failed to extend any support and halt the pair's ongoing slide from weekly highs just above 0.7300 handle.Focus now shift to one of the keenly watched US economic indicators, non-farm payrolls, which if surprises on the upside would provide fresh impetus for the US Dollar bulls and continue dragging the pair further in the near-term.From current levels, any recovery above 0.7150 level is likely to confront resistance at 0.7165-70 region (session high) above which the recovery momentum could get extended beyond 0.7200 handle towards 0.7215-20 strong horizontal resistance.Meanwhile on the downside, weakness below session low support near 0.7120 area might now drag the pair below 0.7100 handle toward testing its next support near 0.7080 level, which if broken would turn the pair vulnerable to test 0.7000 psychological mark support.

USD/JPY eases from highs, back to 103.80 ahead of NFP
After reaching fresh highs above the 104.00 handle on Thursday, USD/JPY has now slipped back to the 103.85/80 band.Despite the current slide, spot keeps its rally intact at the end of the week, advancing for the second consecutive week and up around 4 cents since recent lows in the 100.00 neighbourhood seen in early September.Along with the continuation of the selling bias around the Japanese safe haven, the greenback has been gathering extra pace backed by positive results in the US calendar and rising speculations on a Fed?s rate hike at the December meeting.Ahead in the session, US Non-farm Payrolls are expected to show the economy has added more than 170K jobs during September, while the unemployment rate is seen at 4.9%. In addition, FOMC?s S.Fischer, L.Mester and E.George are due to speak in Washington, keeping the focus on the buck.As of writing the pair is losing 0.13% at 103.80 and a breakdown of 101.99 (55-day sma) would aim for 101.83 (20-day sma) and finally 100.07 (low Sep.22). On the other hand, the next up barrier aligns at 104.33 (high Sep.2) ahead of 107.48 (high Jul.21) and finally 108.30 (200-day sma).

USD/CAD hits fresh multi-month highs ahead of NFP and Canadian employment data
The USD/CAD pair extended its bullish break-out above 200-day SMA and jumped to the highest level since March, within striking distance of 1.3300 handle. Defying the recent up-move in WTI crude oil prices, which tends to benefit the commodity-linked currency - loonie, the pair continued with its upward trajectory from 50-day SMA support touched last week. Rising Fed rate-hike expectations has been the key factor for the pair's up-move and a sharp recovery in the US 10-year Treasury bond yields is further reinforcing market expectations of an eventual Fed rate-hike action by the end of this year. Moreover, retracing crude oil prices, from 4-month highs, has further contributed to pair's latest leg of up-move on Friday. Meanwhile, rising Canadian 10-year Treasury bond yields is indicative of flows moving out of the Canadian Dollar towards the greenback is further supportive of the pair's bullish trajectory. Going forward, today's employment details from the US and Canada will act as the next big fundamental triggers determining the pair's next leg of direction move. Special focus would be on the US monthly jobs report, NFP, which would help investors to evaluate the possibilities and timing of the next Fed rate-hike action, eventually driving the greenback in the near-term.

WTI firm above $50.00 ahead of Payrolls
Crude oil prices are extending its upbeat momentum at the end of the week, pushing the West Texas Intermediate further beyond the $50.00 mark per barrel.Prices for the black gold are posting gains for the third session in a row today, clinching fresh 4-month peaks in levels further north of the critical $50.00 mark and trading at shouting distance from 2016 tops near $51.70 recorded in June.In addition, WTI has well managed to isolate itself from the ongoing USD rally for the time being and remains propped up by the recent deal on an output freeze at the OPEC meeting in Algiers (to be confirmed and detailed in November) and the persistent decrease in crude oil inventories, as seen by recent reports by both the API and the EIA, at the same time driving US oil stockpiles below 500 million barrels for the first time since January.Traders will remain focused on the upcoming US labour market figures and speeches by FOMC?s S.Fischer, L.Mester and E.George. Market bets see the US economy to have added 172K jobs during September, while the jobless rate is expected to stay put at 4.9%.At the moment the barrel of WTI is up 0.30% at $50.67 with the initial hurdle at $51.67 (2016 high Jun.6) and then $53.89 (high Jul.10). On the other hand, a break below $46.34 (20-day sma) would aim for $45.19 (55-day sma) and finally $42.55 (low Sep.20).

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