EUR/USD (1.5866)
European & US sessions forecast levels: 1.5775/1.5960
Trend Sessions: European: Neutral
US: Neutral/Upward
Market Focus: 8:30 AM Average Workweek, Hourly Earnings,
Initial Claims, Non-farm payrolls, Unemployment Rate, 10:00 AM ISM Index, 4:00 AM Services PMI, 5:00 AM EU Retail Sales, 7:45 AM ECB Interest rates decision,
8:30 AM ECB Press Conference.
Daily Strategy: Today is very important trading day. The whole key
Friday US data was moved for today due too the national holiday tomorrow. The
most important news today is ECB interest rates decision. It is widely
expecting ECB to raise the interest rates with 25 bps after two years of
speculation for this interest rates hike. The other important events come from
United States. The US jobs report is today. It is expecting new poor results.
The trading idea for today is to open long positions, as buy on dips. Forex Forecasts by FS Team
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