Whats going in the market?

Important US labor market data today. Remember, ADP Employment Change on Wednesday indicated 158K Nonfarm Payrolls today. Expectations still only 100K. The Unemployment Rate is expected to increase to 4.5%.
Looking at the majors, a correction higher in the USD is looking more likely by the day.
Potential downside in store after weak close in US stocks yesterday. But we are still in the middle of the range in European indices.