Daily FX Wrap Up

Looking to Friday's employment report, the currency markets have reverted to their usual consolidation, as positions are quietly placed and removed before the roller coaster associated with the NFP numbers. In terms of price action, the majors made almost no effort to break from ranges. The Euro was stuck between 1.3330 and 1.3275 against the US Dollar. An often overlooked currency is the New Zealand Kiwi which made its own move against the US Dollar posting a gain near 90 pips in the last two days. While consolidation has occurred in most of the majors a bit of volatility in this pair has given traders some opportunity in the last few weeks. Currently the NZD/USD is trading .6875 near the close of the American sessions. Tomorrow the US unemployment report will be released which is expected to slightly better than last month's print. XPRESSTRADE Analyst David Hilgeman