European & US sessions forecast levels: 1.4780/1.4925
Trend Sessions: European â€“ Neutral
US â€“ Neutral
Market Focus: 8:30 AM Non-farm Payrolls, Unemployment Rate, Hourly Earnings, Average Workweek, 10:00 AM Construction Spending, ISM Index, Michigan Sentiment-Rev. 3:55 AM German Manufacturing PMI, 4:00 AM Manufacturing PMI,
Daily Strategy: There are many traders ready to sell at the levels above 1.49 and keep the dollar away by the record high levels against the euro since November 2007. The latest speculations predict in March 2008 new 50 bps interest rates cut. Also todayâ€™s focus is over the US jobs market. The forecast is for much better result for new jobs add in the world biggest economy. But as overall the dollar is not on the way to make significant recovery against the euro. For today Forex-Strategy.com forecast is trading into neutral direction with high volumes during the morning US session.