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Forex Commentary
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EUR/USD (1.5487)
European & US sessions forecast levels: 1.5380/1.5555
Trend Sessions: European: Neutral/Downward
US: Neutral/Upward
Market Focus:
Daily
Strategy: The dollar stop losing against the euro after positive news for the
US economy. At the same time the
release of US housing data show that the economy is still in downtrend. The one
of the moving factor for the dollar is the Fed interest rates politic. The
speculations when Fed will start to hike the interest rates move the trading
market. Fed have to hold the interest rates at least to August according to
analyzers but the politic is necessary to hold the interest rates at least to
October. The European Central Bank for more than a year send signals to raise
the interest rates but still not raise the interest rates. By this way ECB
continue to support the euro without real actions. For today we expect to see
temporary recovery of the dollar.
Forex Forecasts by FS Team
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