EUR/USD (1.5792)
European & US sessions forecast levels: 1.5690/1.5885
Trend Sessions: European: Neutral/Downward
US: Neutral/Upward
Market Focus: 2:00 PM Fed’s Beige Book, 2:45 AM French
Consumer Spending, 4:00 AM Italian
Retail Sales, 5:00 AM Industrial
New Orders.
Daily
Strategy: Signals for Fed interest rates raise soon lift
the dollar. The high inflation will cause Fed to act with the interest rates
raise. These comments come from Philadelphia
Federal Reserve Bank President Charles Plosser. After his speech the dollar
gain against the euro almost 200 pips.
In the Euro Zone the inflation is also high and the European Central Bank will
raise the interest rates also that will recovery the euro losses from Tuesday.
For today the forecast is for mix trading.
Forex Forecasts by FS Team
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