Markets rallied to close out a strong week of gains, following a stronger than expected Non-Farm Payroll number and a Trump announcement of China/US trade negotiations, in London the next week. This was an extremely positive close to the week and promises a bullish open to the week ahead, with the caveat of any surprise Geo-Political events, over the weekend. The rally in equities was accompanied by a rally in the US Dollar, which forced the EUR back below 1.1400, while the GBP slipped to 1.3500.
The rise in the reserve snapped the AUD back below 0.6500, while the NZD is heading back to 0.6000. At some stage, NZ and Australia will come under the trade spotlight, as neither have secured a trade agreement with the USA. This coming week will probably focus on US/China trade talks in London and important inflation data from Europe and the USA.
