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Forex Commentary
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EUR/USD (1.3771)
European & US sessions forecast levels: 1.3635/1.3865
Trend Sessions: European: Neutral
US: Neutral/Upward
Market Focus: 8:30 AM Initial Claims, 10:00 AM Leading Indicators, Philadelphia Fed.
Daily Strategy: The news that Fed will continue buying more securities was very bad for the dollar. The dollar loses more than 200 pips for a few hours trading against the euro. The other news moving the euro so high again is the fall in Asia stock market, which reduced investor risk appetite. The dollar in the coming days may continue losses against the euro. It is expecting temporary recovery of the dollar today but as overall the tendency to sell dollars worldwide will remain.
Forex Forecasts by FS Team
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