Dow Jones futures prediction july 6 2012

Dow Jones futures prediction july 6 2012 : The European rate cut was bad news for the euro though. At $1.2390 early Friday, the single currency was steady after a 1.1% overnight fall that pushed it down to the lowest level late in New York since the end of May.

The next data point that investors are looking to is employment data from the U.S., out later Friday. Data on private-sector job growth in the U.S. topped estimates, which came out Thursday, increasing hopes that the closely watched U.S. nonfarm payrolls figures will also be strong.

There are some fears, however, that if hiring has picked up, the Federal Reserve will be less likely to introduce new stimulus measures when it meets later in the month

Today's support: - 12765.70 and 12690.24(main), where a delay and correction may happen. Break of the latter will give 12658.20, where correction also can be. Then follows 12611.31. Be there a strong impulse, we shall see 12579.40. Continuation will bring 12532.90 and 2452.70.

Today's resistance: - 12957.44(main), where a delay and correction may happen. Break would bring 12971.20, where a correction may happen. Then follows 12980.30, where a delay and correction could also be. Be there a strong impulse, we'd see 13008.60. Continuation would bring 13047.38.

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