EUR/USD (1.5375)

European & US sessions forecast levels: 1.5315/1.5465

Trend Sessions: European – Neutral

US – Neutral/Upward

Market Focus: 10:00 AM Wholesale Inventories, 2:00 AM German Trade Balance, 2:45 AM French Trade Balance, French Industrial Production, 4:00 AM Italian Industrial Production, 4:30 AM Sentix Investor Confidence.

Daily Strategy: The dollar continues to trade close to the last record against the euro set on Friday. It is expecting temporary dollar recovery but as overall the recession is very close and the dollar will continue to lose against the dollar. Today’s Euro Zone fundamental data is expecting as positive for the euro and are not except new euro-dollar records. The new plan of Bush administration to avoid the recession help temporary to stop the dollar losses.