European & US sessions forecast levels: 1.4065/1.4275
Trend Sessions: European: Neutral/Upward
Market Focus: 5:00 AM EU Industrial new orders.
Daily Strategy: China can save the dollar as world currency. China hopes that United States will conduct fiscal and monetary policy responsibly and will gradually reduce its budget deficit the China Assistant Minister of Finance Zhu Guangyao said on Wednesday. Ben Bernanke cools the risk appetite of the investors as caution on U.S. economy. Bernanke also said that the Fed could exit smoothly but nows not the time. These are the main commenst moving the forex market for the last 12-hours. The euro/dollar set new key resistance at 1.4275 as is possible to see new attack of the level soon.