Non Farm Payrolls

With better than expected Initial Jobless claims today, at 469K compared to 475K, the market has remained buoyant, and maintained its positive dynamic,with the Dow currently at 10430. The market has remained constrained in its range though, as Pending homesales decline, coming in at -8.8% vs forecast of 1.5%.
Earlier today BOE maintained its program, and did not announce any further QE, and maintained the base rate at 0.5% (however some have sugested that although furtehr QE may be required in the future, this was not the time to announce it with GBP/USD strugglign to hang on to the 1.5 mark).

Market fears over Greece have largerly subsided, over market perceptions that the ECB bail out is a certainty (although Trichet still has not provided any clear details), and a successful and oversubscribed bond auction today by Greece ios further evidence of this.

Quotes
FTSE 5543
Dow 10450
GBP/USD 15032
EUR/USD 13579
Gold 1133
USD 80.53

Scenarios

Non Farm Pay Rolls market Forecast:
Unemployment rate: 9.8%
Change in payrolls: -40K

With severe snow in some regions of the US during February the consensus is that it is likely that the job losses will be greater than previously forecast:

1) Non Farm Pay Rolls <-80K
Dow sells off initally maybe to 10250 region, or lower 10300. USD Index maybe toward 80.11, 79.90.

Both would be buying opportunities in my opinion, and I expect the Dow to rally back quickly due to the current positive market dynamic,and close out higher.

2) Non Farm Pau rolls between -50K to -20K.
No real change

3) Non Farm Payrolls >-10K
Dow rally 100 points to 10500 region, and if payrolls are positive over 10k then maybe a steeper rally, that should give back a small amount towards the close.
Dollar rally past 81, toward 81.50)


Also Goldman Sachs looks strong, having recently broken its 50 day moving average, having closed at $163.65 (from an Opening of $157.69). And may do well if Payrolls are at least neutral.