European & US sessions forecast levels: 1.3255/1.3495
Trend Sessions: European: Neutral/Upward
Market Focus: 8:30 AM Average Workweek, Hourly Earnings, Non-Farm Payrolls, Unemployment Rate, 10:00 AM ISM Services.
Daily Strategy: The G20 meeting decide to pump additional trillion dollars into the global economy. The other key news is ECB interest rates cut with 25 bps less than forecast. The Euro remains strong by the ECB decision. The key focus today is the expecting US non-farm payroll report and unemployment rate. The forecast is for new jump in US unemployment up to level of 8.5% - 8.6%. The expecting worse report for US jobs sector may strong the dollar at the end of the day.