EUR/USD (1.5397)
European & US sessions forecast levels: 1.5300/1.5490
Trend Sessions: European: Neutral
US: Neutral
Market Focus: 8:30 AM NY Empire State Index, 9:00 AM Net Foreign Purchases, 5:00
AM EU CPI, Core CPI.
Daily
Strategy: The speculations with the oil and caused high
inflation are on the focus for the traders. The both key banks ECB and Fed
prepare to raise the interest rates due too the high inflation. The Fed
officials by Bush administration continue to send new signals for strong
dollar. But the latest fundamental news does not send such signals. After the
high jump of US Unemployment rate to 5.5% the fears for continue deeper into
recession remain. It is too early to talk about recovery of the dollar. The
Asian markets open flat. The trading today will consolidate at the current
levels.
Forex Forecasts by FS Team
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