The release on employment from the ADP agency published yesterday came out better than market expectations. The three-month average for this indicator is also showing growth, which indicates an improvement in the situation on the labor market. Tomorrow we can see positive data for Non-farm, but apparently, the market does not expect too strong data, inasmuch as the American stock market will demonstrate good growth on the eve.

If investors had been waiting for an optimistic release on the labor market on Friday, they would have sold US stocks on expectations of a curtailment of stimulus measures from the Federal Reserve. Meanwhile, the value of the euro is negatively affected by aggressive asset purchases by the ECB, which has recently substantially increased the emission of the euro.

Trading recommendation: flat 1.1800 – 1.1890.