EUR/USD (1.2627)
European & US sessions forecast levels: 1.2390/1.2855
Trend Sessions: European: Neutral/Downward
US: Neutral
Market Focus: 8:30 AM Building Permits, Housing Starts, CPI, Core
CPI, 2:00 PM FOMC Minutes.
Daily
Strategy: It is expecting very important news for the situation of US economy.
The key US housing market probably will show new fall to record low new housing
starts cause by the recession. The inflation report is expecting at the same
time. The inflation probably will be negative caused by the fall of oil prices
and recession. The Federal Reserve will cut the key benchmark interest rates
again to 0.5%. On the market the dollar
remain flat for the last few weeks is trading without direction. The trading
strategy is continuing trading within he trading range.
Forex Forecasts by FS Team
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