EUR/USD (1.2792)
European & US sessions forecast levels: 1.2725/1.2870
Trend Sessions: European: Neutral/Downward
US: Neutral
Market Focus: 8:30 AM Initial Claims, 2:45 AM French Consumer Spending, 4:00 AM Current Account, 5:00 AM Industrial New
Orders, 9:00 AM Belgium
NBB Business Climate.
Daily
Strategy: The Federal Reserve chairmen Ben Bernanke may
aggressive cut the key benchmark interest rates to 1% next week. By this way
the Fed aim to stop the credit crisis. Credit crisis fast recovery is the first
ambition although the high inflation. The other central banks around the world
probably will follow the Fed. The dollar became stronger day after day after
the actions of Fed. The dollar may continue recovery to levels of 1.24 till the
Fed action with the interest rates.
Forex Forecasts by FS Team
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