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The mood of the American capital markets

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After the whole week, the investor`s attention was towards Europe, the important unemployment report would bring the thought back to USA. The expectations are that during the month of May they are 225K created vacancies. Moreover, these assumption are backed up by the positive ADP report, which was released in Wednesday.
In case the actual values are superior, this would lead to an increase of the dollar, which would recover the expectations that the FED is going to raise the interest rates.
The central bankers are going to follow the data about the labor market, which are going in published in Friday. The unemployment rate declined to 5.4% but the inflation remains low.
According to the FED, the employment change is rising during the period of one month. Average Hourly Earnings still increase slowly.
1. DX – found daily support during the Euro session at 95.25 and according to Fibonacci we have a clear 61.8% retracement, from where we have activated buy limits. The support level is at 93.90, below which should be the stop loss line. The target at 97.00 /the zone of 61.8% Fibonacci Retracement/ is going to be our new support line if the data is positive.

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2. Dow Jones - the prior mood seems positive and the investors are on Long positions from the support level at 17900.00, where the EMA`s 200 and 100 cross /timeframe H4/. The target point is 18080.00, which is exactly at the double resistance line, where we might see a reversalDJIAH4


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