EUR/USD (1.3578)
European & US sessions forecast levels: 1.3460/1.3770
Trend Sessions: European: Neutral
US: Neutral/Downward
Market Focus: 8:30 AM PPI, Core PPI, NY Empire State
Index, Retail Sales, Retail Sales ex-auto, Business Inventories, 2:00 PM Fed’s
Beige Book, 2:00 AM German
Final CPI, 5:00 AM EU CPI, Core
CPI.
Daily
Strategy: The world financial system is in a period that
is compared like a war. After the totally panic on the markets worldwide all
banks start to save the banking systems. The injections of billions of dollars
and euros were the only one way to save thousands of banks from bankruptcy all
over the world. The European Central Bank president Jean-Claude Trichet said
that is necessary to come back the discipline on the financial markets. For
today we are expecting mix trading. The trading strategy is trading within the
trading range.
Forex Forecasts by FS Team
|
