EUR/USD (1.5601)<br>
European & US sessions forecast levels: 1.5540/1.5715 <br>
Trend Sessions: European: Neutral <br>
US: Neutral/Upward <br>
Market Focus: 8:30 AM Trade Balance, 2:00 AM German WPI,
2:45 AM French
Industrial Production, 4:00 AM
Italian Industrial Production. <br>
Daily Strategy: Although the Bush speaks about the desire for strong
dollar the dollar is not strong and will continue to fall against the major
currencies. It seems that the US economy is in recession. The US economy is at
worse situation from tens of years. Mr. Bush is one of the main reasons for the
recession and record low dollar. The latest speculations show that Fed will
hike the interest rates at the end of 2008. Having a mind the high inflation
such interest rates hike is necessary. <P>
Forex Forecasts by http://www.forex-strategy.com
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