The South African Rand has remained resilient despite a resurgence or Dollar strength which drove USD/ZAR back above 17.00.

The latest US NFP report beat market expectations, +223k vs. +200k expectations, the unemployment rate fell to 3.5% from 3.7%, but hourly earnings fell.

GBP/USD surrendered the 1.2000 handle yesterday following positive US ADP data. Head and shoulders pattern doesn’t bode well for cable with NFP lying in wait.

EU inflation dropped from a high of 10.6% in October to an estimated 9.2% for December. However, core inflation rose suggesting that widespread price pressures linger

AUD/USD remains between the 0.67 and 0.68 levels but could soon breakout depending on the upcoming NFP and ISM data prints.