ECB to hike interest rates soon

By @ibtimes on

EUR/USD (1.3956)
European & US sessions forecast levels: 1.3510/1.3975
Trend Sessions: European: Neutral/Upward
US: Neutral/Upward
Market Focus: 8:30 AM Non-farm Payrolls, Non-farm Payrolls Private, Unemployment Rate, Average Workweek, Hourly Earnings, 10:00 AM Factory Orders.
Daily Strategy: The ECB chief Trichet hint that the interest rates hike will be necessary in short time. The inflation in the euro zone rises much more than the normal that will cause interest rates action up with at least quarter a percent. The dollar fell after the Trichet speech. For today there are many important U.S. events. It is expecting positive data for U.S. Non-farm payrolls reports. But the dollar may continue fall and break above 1.40 shortly predict FS Team.

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