EUR/USD (1.2923)

European & US sessions forecast levels: 1.2825/1.3030

Trend Sessions: European: Downward

US: Neutral/Downward

Market Focus: 2:45 AM French INSEE Business Confidence, 4:00 AM Flash Manufacture PMI, Flash Services PMI.

Daily Strategy: The report for US weekly jobless claims set new record low level as signal that the unemployment continue to rise. At the same time the report for the start new homes and building permits down to new record low level. Like our forecast for significantly down the report surprise the markets. Although all these negative factors for the US economy the dollar continue to gain. The situation in Europe is worse. The dollar will continue with the winning serial with recovery against the euro. The trading strategy is opening short positions today.