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Forex Commentary
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EUR/USD (1.5718)
European & US sessions forecast levels: 1.5650/1.5795
Trend Sessions: European: Neutral
US: Neutral
Market Focus: 2:45 AM French Government Budget Balance, 6:00 AM German Factory Orders.
Daily Strategy: For first time since 2007 the European Central Bank raise the key interest rates with 25 bps to 4.25%. But in spite that the ECB president not signal new interest rates rise. He believes that this interest rates raise will be enough to cover the high inflation in the Euro Zone. The euro dropped more than 200 pips after his words. Today is expecting to continue the recovery of the dollar. The US markets are closed today. It is Independence Day today. We are expecting to see flat trading with temporary new recovery of the dollar today.
Forex Forecasts by FS Team
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