European & US sessions forecast levels: 1.4315/1.4775
Trend Sessions: European: Downward/Neutral
Market Focus: 8:30 AM Initial Claims, Continuing Claims, 10:00 AM Leading Indicators, Philadelphia Fed.
Daily Strategy: The dollar hit 3-months high against the euro during the Asian session. The traders continue to cut their euro positions at the year-end. The traders follow the tendency these days as buy dollars. The fundamental indicators show that the U.S. economy recovery fast while the inflation raises that signal to the Fed to start with the interest rates rise.