European & US sessions forecast levels: 1.4050/1.4445
Trend Sessions: European: Neutral/Downward
Market Focus: 8:15 AM ADP Employment Change, 8:30 AM Productivity-Rev, 10:00 AM Factory Orders, 2:00 PM FOMC Minutes, 5:00 AM EU GDP 1st est, PPI.
Daily Strategy: The dollar recovery against the euro during the US session. But the trading remains within the key trading range of 1.4050 and 1.4445. The signs for recovery of the world largest economy continue with the first positive rise of U.S. Auto Sales. The focus come over the expecting tomorrow decision of ECB about the interest rates politic. It is expecting the bank to leave the interest rates unchanged.