EUR/USD (1.5524)
European & US sessions forecast levels: 1.5460/1.5650
Trend Sessions: European: Neutral/Upward
US: Neutral
Market Focus: 10:00 AM Consumer Confidence, 2:00 AM German
Consumer Confidence, 2:45 AM French
Consumer Spending.
Daily
Strategy: The Federal Reserve chairmen Ben Bernanke voice
concern about the raising inflation. He may raise the interest rates in August.
The worries about the raising interest rates probably will slow down more the
weak US economy. The inflation will become the second biggest problem for US
economy after the credit crisis. The raising energy prices will boost the
inflation that will cause Fed interest rates hike. The dollar will remain under
pressure and probably will close the record trading levels against the euro
close to 1.60.
Forex Forecasts by FS Team
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