European & US sessions forecast levels: 1.4500/1.4845
Trend Sessions: European: Neutral/Upward
Market Focus: 8:30 AM Average Workweek, Hourly Earnings, Non-farm Payrolls, Unemployment Rate, 10:00 AM factory Orders, 5:00 AM EU PPI.
Daily Strategy: The dollar recovery against the euro after disappointed economic data for the world largest economy. The recession end may be is not so close as previously expected. The other reason for the dollar gains against the euro was the comment on Thursday of European economic and monetary affairs commissioner Joaquin Almunia who said that the Eurogroup would discuss the single currency's strength this week. The key event today is the expecting U.S. Non-farm payroll and Unemployment rate reports. If the news is worse than forecasting we can see new dollar recovery.