European & US sessions forecast levels: 1.4320/1.4700
Trend Sessions: European: Neutral/Upward
Market Focus: 8:30 AM Initial Claims, Trade Balance, 2:45 AM France Industrial Production.
Daily Strategy: The dollar losses against the euro continue. The forecast is to see euro/dollar at the levels of 1.47 in a short time. The dollar weakness can be seeing with the Gold prices where again the price is above $1000.00. The major news moving the dollar to the bottom is the release of possible reduction of the dollar role as primary world currency. The trading strategy today is to buy on dips in expectation of new dollar weakness.