Although there are no major U.S. data scheduled for release on Friday, the market is still suffering from yesterday’s jobs disappointing data.

The Office for National Statistics in London said today that UK’s trade deficit in June shrank to 7,401 million pounds from a revised 8,028 million in May from the original estimate of 8,062 million.

Although the Euro is currently trading above the highest level - 1.2900 - in two months versus the dollar, nothing is guaranteed.

Investors have been hesitant on Monday morning as concern deepened that the global economic recovery was faltering after a released bunch of doubtful news.

The dollar was uncertain versus other majors on Monday amid a quit day of fundamental data.

The unemployment report released by the government on Friday showed that the pace of the U.S. economic recovery has slowed in recent weeks.

Oil rose toward $76 on Tuesday, drawing support from forecasts of reduced crude stockpiles in the United States.

Oil reached above $74.50 per barrel on Thursday after news of a surge in Chinese exports in May and as the IEA revised up its estimate of global oil demand growth for this year.

Initial claims for state unemployment benefits increased 25,000 to a seasonally adjusted 471,000 in the week ended May 15, the highest level since the week ended April 10, the Labour Department said on Thursday.

The Federal Open Market Committee released its statement today - Wednesday - keeping the interest rate the same again on its historical low level; stating again that the economy remains too fragile for higher interest rates, repeating again the extended period language.