God Willing, the market attention will be paid today to the BOE to know whether or not it is to take further easing steps adding more funds to their current 200b Stg buying bonds following US or even the ECB which declared its readiness to buy more and more sovereign governmental bonds preventing the debt contagion in the Euro zone providing the required money for giving stability of its financially market for spurring spending can move the growth faster with a lower costs than what can be paid in the normal bonds auctions without their supporting or the MPC will be worried about the inflation upside risks outlook with UK CPI reading still above 3% yearly reaching 3.2% in October will cap them again from taking such steps especially after The National Institute of Economic and Social Research has seen UK GDP recent quarter to November up by 0.6% from .5% to October.

The single currency is still trying to cross the area from 1.3385 and 1.3425 versus the greenback and if it could get over this area, this can open the way to 1.359 following by the recent previous top at 1.379 and this can be a stronger level as breaking it can open the way again to 1.4 psychological level while the way down should be met by supporting level at 1.306 then the main supporting level at 1.297 whereas the pair has met new buying interest recently and where the pair has formed a previous intermediate bottom of its rally which has ended to 1.428 and breaking it can lead to 1.26 as the main bottom of this previous ascending rally which has ended at 1.4281 by the release of US non-farm payroll of October which has come better than expected adding 151k after losing 41k in September....

The weaker than expected US labor report of November has contained the market sentiment by the end of the week as it has shown an unexpected rising of the unemployment to 9.8% from 9.6% in October and disappointing figure of the non-farm payrolls were expected to be around 150k shocking the market by adding just 39k hurting the greenback across the broad and the US stocks as well in the beginning of the US session which could cover its loses as the market expectations of a revising up of this reading have increased with the same report concluding of a strong upward revision of October to 172k from 150k in the first reading and this can be repeated in the next report of December in the beginning of the next year.

The weaker than expected US labor report of October which has shown a rising of the unemployment to 9.8% from 9.6% in October and disappointing US non-farm payrolls were expected to be around 150k but shocked the market by adding just 39k hurting the greenback across the broad and the US equities market in the beginning of the US session despite the up revision of October number to 172k from 150k which was included in the report. The market is anxiously waiting now for US factory orders of October which were actually expected to get down by .7% after rising in September by 2.1% and US non-manufacturing index to be 54.7 from 54.3 in October and further hurting data can effect negatively on the risk appetite at this last session of the week as the worries about the labor market and the effect of the Fed's quantitive easing policy to put the economy on its track.