European & US sessions forecast levels: 1.3835/1.4255
Trend Sessions: European: Downward
Market Focus: 10:00 AM Wholesale Inventories.
Daily Strategy: The G7 meeting start today in Marseille will focus over the Euro Zone debt crisis and how to stabilize the financial markets. The Obama speech about the jobs market and to create new jobs pushes the dollar stronger. At the same time Trichet the ECB chief says that he see risks for the economy while the growth in the second quarter down. Therefore the European Central Bank leaves the interest rates at the same level of 1.5% report FS Team.