Australian Dollar: The Australian Dollar reached highs near 1.0180 on Friday however almost a cent was wiped from the currency pair as the recent risk rally lost steam during Friday's European session. Recovery was sought however after the release of US unemployment data benefited riskier assets, seeing the Aussie close the week buying just above 1.0140 US dollars. Market levels remain the same on this week's open and investors await the release of the ANZ Job Advertisements due this morning, which will serve as an insight into Thursday's key unemployment data.

We expect a range today of 1.0110 - 1.0210

New Zealand Dollar: The New Zealand Dollar retreated slightly during the local session on Friday, falling from its two and a half year highs above 0.7960 to test 0.7875. Following suit with the Australian Dollar, the Kiwi used its recent momentum to gain almost a cent against the Greenback upon the release of key US data, closing the week around 0.7950. Opening marginally higher today, we see the New Zealand Dollar testing resistance against the Greenback at 0.7970, and holding onto recent gains against the Australian Dollar at 0.7855.

We expect a range today of 0.7930 - 0.7990

Great British Pound: The Great British Pound lost some ground during Asia on Friday falling from 10-month highs just below 1.6300 to find support at 1.6170. A favourable Producer Price Index gave the Pound some fuel for a rally however as the Greenback strengthened off the back of its Non-Farm Payrolls, the rally faltered and closed the week back below 1.6200. Opening today around 1.6190 against the Greenback, Sterling is also weaker against the commodity currencies, trading at 1.5950 against the Australian Dollar and 2.0310 against the New Zealand Dollar.

We expect a range today of 1.5850 - 1.5970

Majors: Last week's risk rally that followed the Fed's confirmation of additional stimulus was halted during the European and North American sessions on Friday as the much anticipated Non-Farm Payrolls came in much better than expected. The creation of an additional 151,000 jobs in all non-farming industries saw the Greenback recover some previous losses against the majors and close the week at 1.4030 against the Euro and 81.3 against the Yen. We open this week unchanged and the market will look toward Bank of Japan's monthly report and German Industrial Production, both due for release later today , to determine if the US Dollar can hold onto Friday's gains.

Data releases

AUD: ANZ Job Advertisements- Oct

NZD: No data due today

JPY: BOJ Monthly Report

GBP: No data due today

EUR: German Industrial Production; Sentix Investor Confidence

USD: No data due today

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