On results of yesterday the eurodollar quotations did not change practically, the market still remains under impression of the weak report on the US labor market. There is no sign of dollar bulls’ confidence which arose after rather positive reports about ISM indexes.

Traders had quite well founded opinion that crisis which proceeds on the market of the real estate and in the building industry connected with it begins to affect other branches of economy and the main signal is significant falling growth of workplaces. We remind that according to Bureau of Labor Statistics, U.S. Department of Labor falling of the employers’ offer concerning workplaces touched all branches of economy, and the strongest falling was observed in a manufacturing industry.

Meanwhile the euro was supported after the Eurocommission report on Monday on economy of the European Union. The Eurocommission raised the forecast on rates of economical growth of the countries entering the EU. According to Eurocommission there is expected more significant growth of gross domestic product in comparison with earlier expectations. And a rate of unemployment in EU countries will fall to the lowest levels for last 15 years.

In 2007 GDP growth of 13 countries of a zone of euro will make 2,6 % per annum whereas in the beginning of current year the forecast on GDP dynamics in 2007 made only 2,4 %. The Eurocommission experts consider that the increase in GDP rise will be due to increase of an investment climate and growth of household expenses.

IT is expected that by the end of year in EU economy will appear in addition 5,5 million workplaces, and the strongest growth of workplaces is supposed in the largest on GDP volume of and a population the EU countries - Germany and France. The total rate of unemployment this year will decrease to 7,2 %, and in the future, 2008 will make 6,7 %.

The Eurocommission Chairman Joaquin Almunia noted that these are very optimistic indicators of a labor market and employment, which will provide forward growth of economy of Europe the nearest two years.

Today there will be published data of the US Department of Commerce - Wholesale Trade for March of current year. This report shows statistics of wholesales and inventories in the second stage of production.

However these data will hardly influence seriously on the market, as traders now will hardly open serious positions expecting key news for the exchange markets. This time it coincided that three most influential central financial bodies of regulation in the world the Federal Reserve of the USA, the European Central Bank and Bank of England will announce their decision on rates in one day, on Wednesday on May, 9th.

Today is better to not make any actions, recommendations remain without changes. On the open positions on pound sterling and the euro stop is pulled to a profit zone at 1,3580 dollars for a euro, and 1,9915 dollars for a pound sterling.