European & US sessions forecast levels: 1.3140/1.3440
Trend Sessions: European: Neutral/Upward
Market Focus: 8:30 AM Export Prices ex-ag, Import Prices ex-oil, Retail Sales, Retail Sales ex-auto, 10:00 AM Business Inventories, 2:45 AM France Current Account, 5:00 AM EU Industrial Production.
Daily Strategy: The dollar gain against the euro after the better than expected US Trade Deficit. The data was really good due too the low oil prices. The dollar is also supported by the expecting ECB interest rates cut. During the Asian session started temporary recovery of the euro due too the correction. But the tendency for continue rise of the dollar remain. The dollar may rise below 1.30 this week. The trading strategy today is opening short position, as sell oh high movements.