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Forex Commentary
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EUR/USD (1.3985)
European & US sessions forecast levels: 1.3855/1.4090
Trend Sessions: European: Neutral/Downward
US: Neutral
Market Focus: 6:00 AM Germany Factory orders.
Daily Strategy: The dollar gain strong against the euro after the U.S. jobs data on Friday. The U.S. Unemployment rate rise to 9.4% as the expectation was for 9.2% and the big surprise is Non-farm Payrolls with less than forecast to –345K. The U.S. jobs data send new signal that the Federal Reserve may lift the interest rates sooner previously thought. Still is early to talk about continue dollar recovery but may the dollar slowly recovery based on the new key resistance at 1.4338. It is expecting mix Monday with bigger chances for dollar recovery today.
Forex Forecasts by FS Team
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