The U.S. Unemployment Rate is expecting at 10.0% today

By Fs Team
06 November 2009 @ 01:32 am EDT

EUR/USD (1.4874)

European & US sessions forecast levels: 1.4625/1.4925

Trend Sessions: European: Neutral/Downward

US: Neutral/Downward

Market Focus: 8:30 AM Average Workweek, Hourly Earnings, Non-farm payrolls, Unemployment Rate, 10:00 AM Wholesale Inventories, 2:00 PM Consumer Credit, 6:00 AM Germany Factory orders.

Daily Strategy: The euro/dollar trading consolidates in a short trading range ahead the key jobs report today. It is very important to see whether the U.S. economy is on the way to recover as hold the current job places. The forecasts show that Unemployment Rate may rise to 9.9% or even 10.0% as the forecast of forex-strategy.com. The forecast for today is expectation for dollar recovery, as the investors will back to the dollar safety.

For more forex information, go to www.forex-strategy.com

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