Dollar spikes lower in early US session after huge NFP miss. But the selloff is only firm against commodity currencies at the time of writing. In particular, the greenback is trying to recovery against European majors, as well as Sterling. Traders might need a bit more time to make up their mind. While a September announcement on Fed tapering is now looking much less likely, it could still come in November. Technically, EUR/USD is struggling to break through 1.1907 resistance with power for now. We'd continue to pay attention to this level. Sustained break would turn near term outlook bullish for 1.2265/2345 resistance zone. At the same time, Gold breaks out to the upside, but there is no follow through buying through 1832.47 resistance yet. Sustained break of this resistance should bring even stronger rise to 1916.30 resistance next. In Europe, at the time of writing, FTSE is up 0.14%. DAX is down -0.01%. CAC is down -0.62%. Germany 10-year yield is up 0.014 at -0.368. Earlier in Asia, Nikkei rose 2.05%. Hong Kong HSI dropped -0.72%. China Shanghai SSE dropped -0.43%. Singapore Strait Times dropped -0.16%. Earlier in Asia, Japan 10-year JGB yield rose 0.0073 to 0.042. | 