EUR/USD (1.5540)
European & US sessions forecast levels: 1.5460/1.5660
Trend Sessions: European: Upward
US: Neutral/Upward
Market Focus: 8:30 Building Permits, Housing Starts, PPI,
Core PPI, 9:15 AM Capacity
Utilization, Industrial Production, 4:00 AM Italian Trade Balance, 5:00 AM EU Trade Balance, ZEW Economic Sentiment, German ZEW
Economic Sentiment.
Daily
Strategy: The dollar again falls as
investors trim outlook on Fed interest rates. It is too fast to think about for
new interest rates raise. The US economy is not at the bottom and the recession
is possible. Today’s very important data will show it. It is expecting new
decrease in US Building Permits and Housing Stats. Also it is expecting
positive data for Euro Zone today. The trading strategy is to open long
positions today.
Forex Forecasts by FS Team
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