EUR/USD (1.3683)
European & US sessions forecast levels: 1.3535/1.3770
Trend Sessions: European: Neutral/Upward
US: Neutral/Downward
Market Focus: 2:45 AM French CPI, 5:00 AM ZEW Economic Sentiment, EU
Industrial Production, German ZEW Economic Sentiment, 12:15 PM ECB President Trichet Speaks.
Daily
Strategy: After the agreement to support the banking system in the Euro Zone
the euro gain against the dollar. It is follow new signal for US support of the
major banks. The Bush administration
will invest $125 billion in nine of the
biggest US banks. These steps will help to the US banking system to remain
active during and after the current recession. The euro will continue to gain
today but is not excepted turn down of the upward movement into downward during
the US session today.
Forex Forecasts by FS Team
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