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Forex Commentary

Interest rates in the Euro Zone on focus today by Forex Strategy Team
Updated 05:34 GMT, June 05, 2008

EUR/USD (1.5398) <br>

European & US sessions forecast levels: 1.5325/1.5460 <br>

Trend Sessions: European: Neutral/Downward  <br>

US: Neutral     <br>

Market Focus: 8:30 AM Initial Claims, 7:45 AM ECB Interest Rate, 8:30 AM ECB Press Conference. <br>

Daily Strategy: The dollar continues to gain against the euro after the support of Bernanke. The dollar is also supported by the positive news for US economy. The recovery will continue today. The most important news today is the interest rates decision for the Euro Zone and the follow conference. The traders expect European Central Bank to hold the interest rates unchanged at 4.00% but to confirm rise very soon. The reason for the raise is the high inflation in the Euro Zone.

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Forecast by FS Team - For more forecasts and signals visit - <a href="http://www.forex-strategy.com" target="_blank">www.forex-strategy.com</a>

 

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