EUR/USD (1.2822)
European & US sessions forecast levels: 1.2645/1.3045
Trend Sessions: European: Neutral/Downward
US: Neutral/Upward
Market Focus: 8:30 AM Employment Cost Index, Personal
Income, Personal Spending, 9:45 AM Chicago PMI, 10:00 AM Michigan Sentiment-Rev, 3:00 AM
German Retail Sales, 6:00 AM CPI
Flash Estimate, Italian Prelim CPI, EU Unemployment Rate.
Daily
Strategy: The
forex market dynamic movements continue based on speculations and investing new
fresh money from the stock market to forex and commodities. The traders
speculate that the last Federal Reserve step will follow new interest rates cut
to recovery the economy. The traders speculate that Fed will cut the interest
rates between 25 bps and 50 bps on the next meeting or in December 2008.
Although that the dollar gain against the euro as we continue to expect
movements of about 300-400 pips for the day.
Forex Forecasts by FS Team
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