EUR/USD (1.2618)
European & US sessions forecast levels: 1.2525/1.2900
Trend Sessions: European: Upward
US: Downward
Market Focus: 10:00 AM Factory Orders, 5:00 AM EU PPI.
Daily
Strategy: The interest rates expectations continue to move
the forex market. It is expecting all major banks to cut the interest rates
again. The Fed probably will cut the interest rates with 50 bps to 0.5% in
December while European Central Bank will cut the interest rates between 50 and
75 bps. The US president elections are the other most important new. The
forecasts show Obama for the new US president. With Obama the dollar will be
stronger are the first investors expectations. First we expect upward movements
and then we recommend opening short positions, as sell on high movement.
Forex Forecasts by FS Team
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