EUR/USD (1.5769)
European & US sessions forecast levels: 1.5690/1.5850
Trend Sessions: European: Neutral/Downward
US: Neutral/Upward
Market Focus: 8:30 AM Export Prices ex-ag., Import
Prices ex-oil, Trade Balance, 10:00
AM Mich Sentiment-Prel., 2:00 PM Treasury Budget, 2:00 AM German WPI.
Daily
Strategy: The dollar is again close to the record trading
levels against the euro due too the starting new fears for US credit crisis. Two big mortgage finance companies tumbled on
capitalization fears. At the same time new speculations about the European
Central Bank politic move the market. The inflation in the Euro Zone continues
to rise and may be will be necessary new interest rates rising. The ECB
president said that the inflation is above
the central bank desire levels. In this situation the bet’s for interest rates
raise is higher than cut or remaining at the same level for this year.
Forex Forecasts by FS Team
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