European & US sessions forecast levels: 1.3890/1.4195
Trend Sessions: European: Neutral
Market Focus: 8:30 AM Non-Farm Payrolls, Unemployment Rate, Average Workweek, Initial Claims, Hourly Earnings, 10:00 AM Factory Orders, 5:00 AM EU Unemployment, EU PPI.
Daily Strategy: The dollar losses against the euro after the ADP Employment Change that send signal to the Fed to hold the interest rates for longer time at zero level. The recession will continue during the whole 2009 is the latest forecast. The ADP Employment change push the speculations that today€™s key Non-Farm Payrolls report will remain worse than the forecast by the last days. The Unemployment Rate will continue rise as is expecting to break above 10% in the coming 1-3 months. The U.S. Independence day change all economic events from Friday for today. It is very rich economic day as is expecting dynamic trading.