EUR/USD (1.2664)
European & US sessions forecast levels: 1.2330/1.2845
Trend Sessions: European: Neutral
US: Neutral/Upward
Market Focus: 8:30 AM Durable Orders, 2:15 PM FOMC Policy
Statements.
Daily
Strategy: The dollar fall against the euro for a second day on raising
speculations that Fed will cut the interest rates today with 75 bps. The latest
forecasts show cut of 50 bps to 1.00%. If the Fed cut the interest rates with
75 bps the interest rates levels will be at the lowest level. The European
Central Bank also action to avoid the recession as spend new billions of euros
in the banking system. It is expecting dynamic trading today will movements
into both directions.
Forex Forecasts by FS Team
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