US Dollar Ends Best Month in 5 Years, Pressure Builds Between ADP and NFPs

S&P 500, NFPs and ADP, USDJPY, AUDUSD and Gold Talking Points: • On the one hand, the S&P 500 closed out a 66 percent charge over five quarters – the largest rally since the WWII while Daily activity is at an 18-month low • Month-end flows seemed to contribute some volatility to the Dollar and Yen crosses, but anticipation for NFPs and a holiday weekend is complicating trading • While Fed rate speculation is giving amplitude to event risk like change in ADP and NFPs as well as the ISM manufacturing, AUDUSD and USDJPY setups should are complicated ...