EUR/USD (1.2840)
European & US sessions forecast levels: 1.2525/1.3115
Trend Sessions: European: Neutral/Downward
US: Neutral
Market Focus: 2:45 AM French Industrial Production, 4:00 AM Italian Industrial
Production, 4:30 AM Sentix
Investor Confidence, 9:30 AM ECB
President Trichet Speaks.
Daily
Strategy: The key news from Friday for the US jobs market does not move the
trading so much. Euro/Dollar is in process of trading at the levels between
1.25 and 1.31. It is starting process of consolidation. The interest rates cut
in the Euro Zone and probably new interest rates cut for by Fed also moving the
forex market. There are not key economic events for United States today, but
there are couple for the Euro Zone. It is expecting not significant movements
today. We recommend trading within the trading range today.
Forex Forecasts by FS Team
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