The US labor market statistics published yesterday disappointed investors with weak data. The ADP employment report turned out to be substantially worse than the median forecasts. The methodology and sample for calculating this indicator differ from the calculation of Non-farm payrolls, which will be released on Friday, but their dynamics are often the same.

On the eve, the report on employment in the industry was also presented by ISM, which recorded a decline in the indicator to a minimum over the past eleven months. Therefore, the situation for the dollar is negative, inasmuch as in case of weak data on the NFP, investors will aggressively sell off the US currency against the background of expectations of the continuation of QE from the Fed.

Trading recommendation: Buy 1.3760/1.3735 and take profit 1.3813.