EUR/USD (1.2568)
European & US sessions forecast levels: 1.2390/1.2855
Trend Sessions: European: Neutral
US: Neutral
Market Focus: 8:30 AM NY Empire State Index, 9:15 AM Capacity Utilization,
Industrial Production, 5:00 AM
EU Trade Balance.
Daily
Strategy: The leaders of G20 the world's biggest developed and
emerging nations put banks and investors on notice. The banks will need to hold
more capital and reveal more about their holdings, signalling the industry may
emerge from the current crisis with less potential for profit. The forex reaction by G20 is nothing. It is expecting
flat trading today into neutral direction. We are recommending trading within
the trading range.
Forex Forecasts by FS Team
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