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Strategies & Market Trends : YellowLegalPad

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From: John McCarthy	5/4/2007 7:33:03 AM
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Today is a key moment for further dollar trend Fri, 04 May 2007 09:07:29 GMT by George Marshal World-Signals® The market is nervous ahead the most important US non-farm payroll rate today. The current forecast is for adding of new 100 000 new jobs in US compare with 180K by the prior month. The unemployment rate is expecting at level of 4.5% with 0.1% higher than the report for March. The traders will use the moment to trade with high volumes today. If the release of the fundamental data today is worse than the forecasting the dollar will fall to levels above 1.36 and even will reach to the record level of 1.3680. Otherwise if the dollar keeps the recent gains this will be the first week from six weeks when the dollar will up against the euro. fxstreet.com

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