News over the weekend completely swamped the impact of better than expected NFP numbers. Wholesale risk reduction has taken hold with material chart damage inflicted on European and Asian equity markets. As FX investors take fright, commodity and EM currencies are getting hit hard and safe havens like gold are starting to move in a parabolic fashion; AUD/USD appears to have posted an important top suggesting a return to trendline support at 0.9750 later in the year.
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http://www.easyforexnews.net/wp-content/uploads/2011/08/Daily_FX_Technical_Strategy_-_Risk_rout.pdf
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