Forex Daily Strategy by FS Team

G8 summit is on focus to support the dollar like global currency

By FS Team
08 July 2009 @ 01:40 am EDT

EUR/USD (1.3914)

European & US sessions forecast levels: 1.3845/1.4195

Trend Sessions: European: Neutral/Upward

US: Neutral

Market Focus: 3:00 PM Consumer Credit, 5:00 AM EU GDP 2nd Est, 6:00 AM Germany Industrial Production.

Daily Strategy: The investors see the dollar like a world currency as that forces the dollar to make a gain against the euro. China supports the dollar as said that believes in the dollar like a global currency. The focus come over the expecting G8 summit this week in Italy. The euro/dollar may break below 1.3890 the key support level and find new support at 1.3845. As overall is expecting some weakness of the dollar today.

For more forex information, go to www.forex-strategy.com

E-Newsletters

We value your privacy. Your email address will not be shared.

Home
World
US
Economy
Companies
Tech
Science
Global Markets
Education
Real Estate
Forex
Commodities
Gold & Silver Matters
More Sections
Fashion
Auto
Travel
Health
Law
Entertainment
Sports
Luxury
Art
Books
Tech & Trend
Tools & Features
Topics
Blogs
Market Data
Stock Watch List
Investment Calculator
Financial Glossary
Broker Center
World Business Headlines
Updates
RSS Feeds
IBTimes on Twitter
IBTimes on Facebook
E-Newsletters
Services
Forex Newsfeed
Research
Press Release
About IBTimes
News Licensing
Media Kit
Advertise with Us
About IBTimes
Contact Us
Terms of Service
Privacy Policy