European & US sessions forecast levels: 1.3445/1.3655
Trend Sessions: European: Neutral/Downward
Market Focus: 8:30 AM PPI, Core PPI, Initial Claims.
Daily Strategy: The disappointed US Retail Sales data show the end of the optimism. The risky assets have to forget as the traders turn back to the dollar. This is the main reason for the end of the tendency by the last couple of days for weak dollar. The shares also break into down tendency. This tendency may lead to fresh recovery of the dollar if the next fundamental reports show that the bottom of the recession may be is far away. The trading strategy is to buy dollars these days. The recovery of the dollar has to go further with levels of 1.3350 till the end of the week.