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News:
U.S. jobs report may stop or support the dollar for new gains
Category: Forex Forecasts & Signals
Posted by ForexNewsAgency on February 5, 2010 at 12:31 AM
EUR/USD (1.3712)
European & US sessions forecast levels: 1.3635/1.4025
Trend Sessions: European: Neutral/Upward
US: Neutral/Downward
Market Focus: 6:00 AM Germany Industrial Production, 8:30 AM Non-farm Payrolls, Unemployment Rate, Average Workweek, Hourly Earnings, 3:00 PM Consumer Credit.
Daily Strategy: ECB leave the key interest rates unchanged at 1%. The dollar gains against the euro continue as break below 1.37 a record level since June 2009. The dollar is needed to support by today’s key jobs report. The most important event is expecting for 8:30 AM today. It is expecting the world largest economy to gain 15K new jobs but many investments like FS Team are pessimists. It is possible to lose about 40 K jobs or even more. The Unemployment Rate may leave at 10.0% or to rise to 10.1%.
Forex Forecast by FS Team

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