Euro / dollar. comments dealers

Euro / dollar remains near highs session marked by the publication of data on U.S. labor market, but the bulls do not hurry to continue the offensive, given that on closer examination the nature of the report was not as positive as it seemed at first. Employment growth in the 45 000 was due to the termination of workers' strikes the telecommunications industry, without which new jobs in September, would have amounted to only 58 000 against the expected 60 000. The unemployment rate, meanwhile, remained at 9.1%, but unemployment U6 (figure takes into account people with part-time employees and unemployed people, not job seekers, who still want to work) has continued to grow and reached 16.5%, which was the maximum value from December 2010. Market participants seem to prefer to focus on employment growth, as well as the revision rate for the period from July to August, upwards of 99 000, but it is worth noting that, in general over the past six months, the average level of employment growth was 72 000, then as for the previous corresponding period average growth of new jobs was 161,000. Dealers noted that the initial burst of optimism in the stock market came to nothing, but in general the mood is pretty good. They note that in anticipation of output reduction of short positions in the euro / dollar may continue, especially since the recent bad news from Europe has not yet come, and for such a signal will be confident leap above the thirty-fifth figure, that will speak of the possibility of correction in the direction of $ 1.37.