US Retail Sales is expecting at 7-years low
14 Nov, 2008 @ 01:40 am ET | By FS Team
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.
For more forex information, go to www.forex-strategy.com
Related Articles:
- Yen Finishes the Year as Biggest Gainer Jan 01, 09


US
UK
Chinese
Japanese
Hong Kong
Spanish
Deutsch
Portuguese
Korean
French
Russian
RSS Most read
Australia
Canada
EMU
Japan
Swiss
England
US


