Market Focus

On Friday, March 16, 2013, the economic calendar will be almost empty, with the strongest news being data on the number of open vacancies in the labor market of JOLTS USA. This indicator gives an opportunity to assess the state of the labor market and plays a significant role in assessing the situation on it. The indicator has a less strong influence on the movement of the US dollar, as published later Non Farm Payroll.

According to the forecast, in February the indicator increased to 5.902M, against the value of January at the level of 5.811M. If the forecast will be confirmed, the US dollar will receive some support, against which I expect its growth in the range of 20-30 points against the basket of currencies.

Alexander Sivtsov