Nonfarm Payrolls (NFP) in the United States (US) increased by 178K in March, according to data released by the US Bureau of Labor Statistics (BLS) on Friday. The figure marks a marked reversal from February’s 133K drop (revised from -92K) and came in well above market expectations for a 60K gain.

United States Average Hourly Earnings (YoY) registered at 3.5%, below expectations (3.7%) in March

United States Average Hourly Earnings (MoM) below expectations (0.3%) in March: Actual (0.2%)

United States Average Weekly Hours below forecasts (34.3) in March: Actual (34.2)

United States U6 Underemployment Rate fell from previous 7.9% to -8% in March

United States Nonfarm Payrolls above forecasts (60K) in March: Actual (178K)

United States Unemployment Rate came in at 4.3% below forecasts (4.4%) in March

United States Labor Force Participation Rate declined to 61.9% in March from previous 62%

USD/JPY trades flat on Friday, fluctuating between minor gains and losses as thin holiday liquidity keeps price action subdued. At the time of writing, the pair is trading around 159.58, with traders staying on the sidelines ahead of the US Nonfarm Payrolls (NFP) report.

The Euro (EUR) is trading sideways between 1.1530 and 1.1550 against the US Dollar (USD) in a holiday-thinned session, with most markets closed on Good Friday. The pair is on track for a 0.3% weekly appreciation, yet with price action trapped halfway through March’s trading range.

India FX Reserves, USD down to $688.06B in March 23 from previous $698.35B

The Australian Dollar’s (AUD) recovery attempt against the US Dollar (USD) has been capped a few pips ahead of the 0.6920 level. The pair has been trimming gains on Friday, returning to the 0.6900 area at the time of writing, with all eyes on the release of the US Nonfarm Payrolls report.

The British Pound (GBP) trades slightly higher against the US Dollar (USD) on Friday, as modest softness in the Greenback lends some support.

The New Zealand Dollar (NZD) is showing the weakest performance among major currencies in an otherwise calm Good Friday session, with most markets closed on bank holidays.

Gold’s (XAU/USD) reversal from weekly highs at the $4,800 area remains contained above previous highs, in the area of $4,600, with the precious metal changing hands at $4,665 at the time of writing.

Silver prices (XAG/USD) broadly unchanged on Friday, according to FXStreet data. Silver trades at $73.05 per troy ounce, broadly unchanged 0.00% from the $73.05 it cost on Thursday.

Italy Public Deficit/GDP down to -1.4% in 4Q from previous 3.4%

West Texas Intermediate (WTI) oil price steadies around $103.80 per barrel during the early European hours on Friday. WTI price gained over 10% as supply concerns intensified following renewed Iran threats from US President Donald Trump.

EUR/GBP’s reversal from one-month highs at 0.8740 found support above 0.8700 earlier this week, before stalling halfway through the last few days’ range around 0.8720.

Turkey Consumer Price Index (YoY) registered at 30.87%, below expectations (31.4%) in March

Turkey Consumer Price Index (MoM) below forecasts (2.32%) in March: Actual (1.94%)

The EUR/JPY cross gathers strength around 184.15 during the early European session on Friday. Trading volumes are likely to be thin due to the Good Friday holiday.

USD/JPY remains in the positive territory for the third successive day after registering over 0.5% gains on Thursday, currently trading around 159.60 during the Asian hours on Friday. However, the pair moves little due to thin trading activity amid the Good Friday holiday.

France Industrial Output (MoM) below forecasts (0%) in February: Actual (-0.7%)

The US Dollar (USD) keeps the upper hand against its Canadian counterpart on Friday, trading near 1.3925 at the moment of writing, with the 1.3966 year-to-date high at a relatively short distance.

Here is what you need to know on Friday, April 3:

GBP/USD holds gains after registering over 0.5% losses in the previous day, trading around 1.3230 during the Asian hours on Friday. The technical analysis of the daily chart indicates an ongoing bearish bias, as the pair remains within the descending channel pattern.

USD/CHF remains steady after registering over 0.5% gains in the previous day, trading around 0.7980 during the Asian hours. The pair moves little as trading activity may remain subdued due to the Good Friday holiday.

Russia S&P Global Services PMI declined to 49.5 in March from previous 51.3

The AUD/USD pair gains ground near 0.6900 during the early European trading hours on Friday. Hawkish tone from the Reserve Bank of Australia (RBA) underpins the Australian Dollar (AUD) against the Greenback. Trading volumes are likely to be thin due to the Good Friday holiday.