European & US sessions forecast levels: 1.5760/1.5915
Trend Sessions: European: Neutral/Upward
Market Focus: 8:30 AM PPI, Core PPI, NY Empire State Index, 9:00 AM Net Foreign Purchases, 2:45 AM French CPI, 4:00 AM ZEW Economic Sentiment, German ZEW Economic Sentiment.
Daily Strategy: G7 fail to support the dollar. The pressure against the US currency start early during the European session and is again close to the record trading levels against the euro. For today are expecting new signals against the US economy. At the same time we are expecting positive news for the European locomotive Germany. We are not far away by the time when EUR/USD will break above 1.60. The dollar weakness will continue after the new record oil prices this early morning.