Securities to watch in today’s payroll –

Today at 12:30 GMT, April's job report would be released in US.

• Market is expecting job gain of around 220K for the month of April. Previous month was disappointing with only 126,000 people joining the payroll. Unemployment rate is expected to drop 0.1% point to 5.4%. Average hourly earnings are expected to rise at 0.2% compared to prior 0.3%.
  
  

Currencies and Commodities to watch in today's payroll -

• GBP/USD - Pound has taken resistance around key 1.55 area. Election result is positive for pound. Dips buying over stronger payroll would be strong signal for buying. Currently trading at 1. 542.

• EUR/USD - Euro has dropped from near 1.14 last night to 1.12 today over falling bund yields. Stronger payroll might bring back the longer term downtrend back.

• NZD/USD - Kiwi is trading at interim support around 0.744-0.74, strong payroll would lead to further loss. Overall trend for Kiwi is bearish.

• AUD/USD - Bulls are looking for cues to break above 0.80 resistance area. Weaker NFP just might provide that.

• Gold - Gold as of now trading around $1185/troy ounce. Bulls have taken support of $1178. Stronger payroll stands would break the level pushing gold sharply lower.

• Copper - Copper bulls this week have been struggling to break $2.95 resistance. Though non-farm doesn't historically move copper much but weak dollar over weaker NFP report might provide just the ingredient needed.

• Dollar index - Dollar index has taken support of 94 level, however bulls still remains fragile. Today's payroll report could be make or break event for the index. Buying at dips around 94, over weaker NFP would be strong signal for buying with small stop.