EUR/USD (1.2727)
European & US sessions forecast levels: 1.2390/1.2855
Trend Sessions: European: Downward
US: Neutral/Downward
Market Focus: 8:30 AM Export Prices ex-ag., Import
Prices ex-oil, Retail Sales, Retail Sales ex-auto, 10:00 AM Business Inventories, Michigan
Sentiment-Prel., 2:00 AM German
Final CPI, 2:45 AM French
Prelim Non-Farm Payrolls, 2:50
AM French Prelim GDP, 4:00
AM Italian Prelim GDP, 5:00
AM Flash GDP, EU CPI,
EU Core CPI.
Daily
Strategy: The dollar fall against the euro in expectations
for US Retail Sales. It is expecting the US Retail Sales to fall from –1.2% to
–2.1%. The retail sales are a key factor for the economic growth. The expecting
poor data push the euro to gain against the dollar to 1.2850. Today is a very
rich economic day. There are a lot of key fundamental news for the US and Euro
Zone. It is expecting the dollar to recovery by yesterday losses.
Forex Forecasts by FS Team
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