EUR/USD (1.2757)
European & US sessions forecast levels: 1.2525/1.3115
Trend Sessions: European: Neutral/Downward
US: Neutral/Upward
Market Focus: 8:30 AM Average Workweek, Hourly
Earnings, Non-farm Payrolls, 10:00
AM Pending Home Sales, Wholesale Inventories, 3:00 PM Consumer Credit, 2:00 AM German
Trade Balance, 2:45 AM French
Trade Balance, French Gov Budget Balance, 6:00 AM German Industrial Production.
Daily
Strategy: The recession deeper although the ECB and Fed cut of the interest
rates. The oil down below $60, the shares continue to fall. Today’s key report
for the situation in US jobs market will show rising of the unemployment. It is
widely expecting new jump of US unemployment rate today. The dollar remains
strong as Europe suffering by the credit crisis.
Forex Forecasts by FS Team
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