European & US sessions forecast levels: 1.5135/1.5280
Trend Sessions: European â€“ Neutral/Upward
US â€“ Neutral/Upward
Market Focus: 8:30 AM Personal Income, Personal Spending, 9:45 AM Chicago PMI, 10:00 AM Mich Sentiment-Rev, 2:00 AM German Retail Sales, 5:00 AM Italian CPI, EU Consumer Confidence, EU CPI.
Daily Strategy: Bernanke again talk against the dollar power. In spite the efforts of Bush administration to avoid the dollar weakness and recession the dollar continue to lose day after day against all currencies. The dollar is so weak that the countries of the third world have stability and power currency. At all Bernanke do not want strong dollar and he is unable to recovery the economy situation. The world biggest economy the recently known the world power currency is going on without management. All traders panic run away by the dollars. The weakness of the dollar will continue and today.