European & US sessions forecast levels: 1.4585/1.4775
Trend Sessions: European: Neutral/Downward
Market Focus: 8:30 AM PPI, Core PPI, Empire Manufacturing, 9:00 AM Net Long-Term TIC Flow, 9:15 AM Capacity Utilization, Industrial Production, 2:45 AM France CPI, HICP, 5:00 AM EU Labour cost index, ZEW (Current Conditions), ZEW (Economic Sentiment), Germany ZEW (Current Conditions), ZEW (Economic Sentiment).
Daily Strategy: The dollar successfully holds the recent gains against the euro. The process of dollar recovery will continue slowly ahead the end of the financial year. The Dubai World is one of the major factors on the forex market. The aid for Dubai World comes by its neighbor Abu Dhabi in a size of $10 billions. The market will focus today over the key fundamental events in Europe and United States. It is expecting to continue the dollar recovery as our trading idea for today is opening short positions.