European & US sessions forecast levels: 1.5135/1.5275
Trend Sessions: European â€“ Neutral
US â€“ Neutral/Upward
Market Focus: 8:15 AM ADP Employment, 8:30 AM Productivity-Rev., 10:00 Factory Orders, ISM Services, 2:00 PM Fedâ€™s Beige Book, 2:55 AM German Services PMI, 3:00 AM EU Services PMI, 4:00 EU Retail Sales.
Daily Strategy: The dollar is in consolidation process but the forecast show that the consolidation will be for short period the key US fundamental data before at the end of the week. The inflation in the Euro Zone remain the main fear for the finance ministers and ECB that signal ECB would not cut the interest rates. The trading strategy today is opening long positions, as buy on dips movement.