During the session on Friday, we have the Nonfarm Payroll Numbers coming out during the day, and that of course will move most markets around the world. Ultimately though, we believe that most of the focus will be on both the US dollar and the US stock markets. With this, the better the jobs number is, the more likely it is that the US dollar will gain in value against currencies around the world.

During the Thursday session, the European Central Bank surprised the market by doing less than anticipated, and as a result the Euro raised higher. During the session today though, it’s very likely that if we see US dollar strength, we could reverse that move. One thing you can count on is a lot of volatility and as a result we should get plenty of trading opportunities.

We believe that most of the focus will be in the Forex markets, but we do recognize there could be trading opportunities in commodity markets as well. If the US dollar strengthens, you can expect commodities to get hammered, offering put buying opportunities in such markets as gold, silver, and of course WTI Crude Oil. Of course, if we the US dollar fall in value, the exact opposite could be expected.