The main event of week - the Employment report of t Bureau of Labor Statistics, U.S. Department of Labor tempered the bull spirit of the market in relation to dollar, which arose on a background of positive production data.

Indicators of labor market have strongly disappointed players, rise in payrolls showed the lowest rates for last two years. It is the lowest value of this indicator since November, 2004 when growth of payrolls made 64000.  

As some analysts consider such sharp decrease in employment can convince the Federal Reserve to adopt more liberal policy as reduction of workplaces alongside with the indicator of industrial activity is still an indicator that inflation can be kept in a target corridor of 2 % per annum.

However the majority of analysts consider that FRS will think that such drop is not so significant to lower federal funds rates.

In April growth of nonfarm payrolls made only 88 000 against the expected 115000 and revised data for March - 177000, and the unemployment rate was up 1 % to 4,5 %.

It is necessary to note that the unemployment rate of 4,4 % again dipped to annual lows, this level was observed in October of the last year, and below these marks the unemployment rate fell last time 6 years ago, in May, 2001 when percentage value touched a mark of 4,3 %. 

Reduction of workplaces in April was observed in all sectors of economy including the building industry which is now in a crisis - in this sector employment was down  11000.

However in industrial sector where the situation as a whole is not so bad, employment decreased by 19000. 

It is necessary to note that such slump in activity of business in creation of workplaces can come out of increase of crisis. The market is concerned by that stagnation in building sector of economy can spread to the American labor market and employment.

After such negative news market’s mood are again in favor of the European currencies. However in first two days of coming week traders’ activity will most likely be slack as the market will wait for the basic event of the next week.

These are decisions on rates of the European Central Bank and Federal Open Market Committee.

This time the intrigue will be even more twirled, as the decision of two most influential financial bodies of regulation in the world - ECB and FOMC will be made at the same day, on Wednesday on May, 9th.

As for the open positions: on Friday, as well as it was recommended the short position on pound sterling at 1,9860 was closed, profit made almost 100 points.

On new positions the first orders on pound sterling and euro were closed at 40 points, concerning the second orders positions are held, stop having placed stop at a line of entrance into break-even.