European & US sessions forecast levels: 1.4050/1.4445
Trend Sessions: European: Neutral/Downward
Market Focus: 8:30 AM Average Workweek, Hourly Earnings, Non-farm Payrolls, Unemployment Rate.
Daily Strategy: The European Central Bank leave the interest rates unchanged at 1.00%. The bank will keep the interest rates at 1.00% at least till the end of 2009. The dollar remains mixed ahead the key U.S. Unemployment Rate and Non-farm payrolls report. The FS Team forecasts is that the Unemployment Rate will rise to 9.5% or even 9.6% while the Non-farm Payrolls may slow down to below 220K loss jobs.