Sunday, May 6, 2007

04.05.2007 Correction possibility increases

“Beginning of the week was signified by correction of main currency pairs. The dollar rose slightly following fineness of the market and high U.S. ISM figure” - said Georgiy Fedotov, NorthFinance financial analyst.
The EUR/USD pair is traded in 1.3536-1.3682 range from the beginning of the week. Possibility of correction increased but following growth will indicate continuation of rising trend.

Market sentiment can be marked as neutral. Investors are expecting U.S. nonfarm payrolls figure that will be published today.

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