This week the most anticipated fundamental market event will be the Nonfarm Payrolls data release. According to the forecasts of economists, even if the NFP figures are relatively modest, it will not stop the strengthening of the American currency in relation to all of its main competitors.

Today in the US, will be released the October data of Nonfarm Payrolls but there are just little reasons to expect much positive from that report.

This week, the greatest attention of the market will attract the statistics from the US due to the new, and probably positive, release of the Nonfarm Payrolls data, as well as due to speeches of US Fed members. Strong statistics and optimistic comments from the US regulator will strengthen expectations of rate increases, and vice versa.

Last month, the US Nonfarm Payrolls report was a big disappointment for the most analysts and traders, showing a modest figure of 151K, instead of the forecasted 190-200K and above. This Friday's release will be especially interesting as traders again expect Nonfarm Payroll's growth though their forecasts are much modest this time.

This Friday, the attention of traders will again be focused on the report on the number of people employed in non-agricultural sector of the US economy (Nonfarm payrolls).

This Friday, traders expect one of the most important fundamental releases - a report on the number of people employed in non-agricultural field of the US economy (Nonfarm payrolls). Based on the results of that publication, it will become even clearer how really strong the US dollar is.