European & US sessions forecast levels: 1.3190/1.3455
Trend Sessions: European: Neutral
Market Focus: 8:30 AM Retail Sales, Retail Sales ex-auto, PPI, Core PPI, 10:00 AM Business Inventories, 2:45 AM France Current Account.
Daily Strategy: Although the Easter Monday and the holiday in whole Europe the trading yesterday was very dynamic. The traders use the moment to make fast profits. The dollar was set on pressure but we expect this correction close to the levels of 1.34 to be for a short time. The European Central Bank is on the way to cut the key interest rates as the recession deeper in the Euro Zone. Today there are key US events that may send new signals about the recession. Currently the key reading of the fundamental news read that the recession is at the bottom. It is expecting movements into both directions today. If the US fundamental report is better than expected the traders may turn to a risky assets again that will continue the recovery of the euro.