 Canadian Dollar surges broadly after employment blows past expectations. While US non-farm payroll growth was solid, Dollar reacted more to improving risk sentiment and fall sharply. Yen is the second weakest for the day following the greenback. European majors are gaining against the greenback but are all under heavy selling pressure against commodity currencies. Technically, EUR/CAD's steep decline suggests that it's at least on correction to whole rise from 1.2867. Further decline is expected as long as 1.3442 minor resistance holds. The next line of defense is 61.8% retracement of 1.2867 to 1.3694 at 1.3183. Reaction to this fibonacci level would very much depends on whether USD/CAD would break through 1.3494/3501 support to complete a head and shoulder top reversal pattern. In Europe, at the time of writing, FTSE is up 1.58%. DAX is up 1.81%. CAC is up 2.34%. Germany 10-year yield is up 0.030 at 2.275. Earlier in Asia, Nikkei dropped -1.68%. Hong Kong HSI rose 5.36%. China Shanghai SSE rose 2.43%. Singapore Strait Times rose 0.89%. Japan 10-year JGB yield rose 0.010 to 0.257. | 
