European & US sessions forecast levels: 1.3090/1.3610
Trend Sessions: European: Neutral/Upward
Market Focus: 8:30 AM Housing Starts, Building Permits.
Daily Strategy: The dollar loses all gains during the start of 2011. The main reason for the dollar loses come by the Asian central Banks which buy euro these days. The rising Japan Yen also attack the dollar. Positive news from Germany supports the euro that probably will continue gain today. The fears for the U.S. housing sector report later today will also push the dollar beyond the levels of 1.35. FS Team Forecasts.