To all the people crying manipulation, which has nothing to do with this: This figure is not such a big deal. Core inflation going up is. Core CPI picking up is currently the biggest condition for a mid-year USD rate hike. As long as unemployment ...

Read here for clues: url The Swiss bank may be buying euros in order to protect their currency. That would explain a temporary rally.

PMI is not relevant for the ECB right now. We need bad CPI or perhaps unemployment to push the Euro down. I'm afraid that won't happen this week. For now we may drift until we hit a resistance, which sucks, but will pass.

The market were expecting the rate hike to happen sooner, but they don't sound too eager to do so, so the pound sells off.

The data was already priced in, and although it was favorable, it was not that impressive. I'd say that what we see in the chart has little to do with the NFP besides it stirring up the pot. EURUSD went up because of yesterday's events. The markets ...

I would expect the opposite from NFP.