Session recap: Low vol Asian session follows crazy US session; all eyes on US NFP Friday

FXstreet.com (Barcelona) - A welcomed quiet Asian session allows traders to gather themselves after Thursday’s craziness and in front of what promises to be another active day in the markets later on Friday.

Traders eyed Aussie and Chinese data briefly and then took a breather

The Friday session in Asia only had a couple of potential catalysts – the Reserve Bank of Australia’s monetary policy meeting minutes and the release of the Chinese Trade Balance data. As it turned out, neither of those events made any significant impact on the Asia Pacific currencies and traders decided to walk away from their screens for several hours until the European session opens. Even in Europe, there may be a strong tendency to look forward to the US session where the US Employment Report will be released along with the University of Michigan Consumer confidence number.

Main headlines in Asia:

US Non-Farm Payrolls will likely continue the volatility party that started Thursday

AUD/USD up on China's trade, faces offers at 0.9480

Gold breaking…badly and slowly?

EUR/USD: US NFP to determine how realistic 1.30 target is

EUR/USD continues correction off of oversold levels – barely holding onto uptrend support

RBA QSMP: not closing off possibility of reducing rates further