EUR/USD (1.5431)
European & US sessions forecast levels: 1.5365/1.5515
Trend Sessions: European: Neutral
US: Neutral
Market Focus: 8:30 AM CPI, Core CPI, 10:00 AM Michigan
Sentiment-Prel, 2:00 AM German
CPI, 5:00 AM Labor Cost
Index, Employment Change.
Daily
Strategy: The dollar consolidates at the current levels
above 1.54 against the euro. In spite the positive data for US Retail Sales
yesterday the dollar not succeed to break below the key support level at
1.5365. The trading will remain flat in neutral trading. The most important
news for the traders remain the interest rates politic of Federal Reserve and
European Central Bank. The inflation report today is very important that will
signal what will do the Fed in the coming months. If the inflation raises the
Fed have to hike the interest rates.
Forex Forecasts by FS Team
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