European & US sessions forecast levels: 1.3455/1.3840
Trend Sessions: European: Downward
Market Focus: 8:30 AM Initial Claims, Continuing Claims, Productivity-Rev, Unit Labor Costs, 10:00 AM Factory Orders, Pending Home Sales.
Daily Strategy: The Greece plan for EUR 4.8 billion budget cut was the main reason for the fast euro gains yesterday. The effect of the Greece plan for the euro will be for a short time. FS Team expects to see fast dollar recovery ahead the key Friday’s jobs report. The trading strategy today is to open short positions.