European & US sessions forecast levels: 1.3970/1.4590
Trend Sessions: European: Neutral/Upward
Market Focus: 8:30 AM Personal Income, Personal Spending, PCE Prices - Core, 9:55 AM Michigan Sentiment Final, 10:00 AM Pending Home Sales.
Daily Strategy: A drop in U.S. Treasury yields pushes the dollar into negative territory again. The tendency and the investors sell broadly dollars. The expectation of FS Team is the dollar weakness to remain today as the trading level can hit 1.44 very fast. The trading strategy for today is to open long positions that may remain open till the next week.