Thin Trading Due To Good Friday, NFP Less Than Forecast - 6.4.2012

US Dollar The well anticipated U.S Labor data today were worse than expected. The Non-Farm Payrolls increased by 120,000, far less than the expected number of 207,000 as the Labor Department reported today. Unemployment Rate dropped by 0.1 percent to the 8.2 per cent and the price businesses pay for labor per hour increased by 0.2 per cent as expected. Due to the disappointing labor data the possibility for further monetary policy support is still in place to fight back the renewed weakness in labor recovery. The US dollar on Thursday the 6th of April was mainly in a narrow range against its major counterparties because of the Good Friday Bank Holiday. The Dollar against the Swiss franc, it was trading between the 0.9223 resistance level and the support level at the 0.9161 created after it dropped on the Payroll news. The greenback against the Yen lost ground today at the time of the news and found support at the 81.29, losing more than 100 points instantly. Versus the dollar the precious metal was characterized today of a low volume trading, it found resistance at the 1642.57 level and for the moment is trading close to that. The Australian Dollar as well was in a range bound between the 1.0326 resistance level and the 1.0272 support level. US stock indices are closed today due to Good Friday Holiday. Euro Europe was on holiday today and there were no major developments in the European markets, exchanges were closed today as well. The common currency against the greenback has been trading in sideways on Friday, it jumped to the 1.3113 resistance level when the Non-Farm Payrolls were announced by the U.S Labor Department earlier today. British Pound UK was also on a Bank Holiday today, however the British pound was more volatile, trending upwards against the greenback creating resistance at the 1.5890 level. Against the Euro was little changed, trading between the 0.8256 resistance level and the 0.8236 support level.