EUR/USD (1.5937)
European & US sessions forecast levels: 1.5840/1.6015
Trend Sessions: European: Neutral/Upward
US: Neutral
Market Focus: 8:30 AM NY Empire State Index, PPI, Core PPI, Retail Sales, Retail Sales
ex-auto, 10:00 AM Business
Inventories, 5:00 AM ZEW
Economic Sentiment, German ZEW Economic Sentiment.
Daily
Strategy: Today is very important day after the flat
trading on Monday. There are many key economic events for the US economy and
European biggest economy too. The dollar remain very close to the record levels
against the euro due too continue speculations that ECB will raise the interest
rates to cover the high inflation. At the same time the US economy turn down
again into recession. If the news is negative for the dollar we can see
successive test above the last record. The dollar in near term can reach levels
of 1.64/65.
Forex Forecasts by FS Team
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