European & US sessions forecast levels: 1.3455/1.3840
Trend Sessions: European: Neutral/Downward
Market Focus: 10:00 AM Consumer Confidence, 2:45 AM France Consumer Spending, CPI, HICP, 4:00 AM Germany IFO Business Climate, IFO Current Conditions, IFO Expectations.
Daily Strategy: The dollar consolidates in the last 24-hours expecting the key speech of the Fed chairmen Ben Bernanke. The Bernanke testimony to Congress is schedule for Wednesday and Thursday. It is expecting Bernanke to not support the last talks for start with the interest rates raise. The economy is still needed a low interest rates are the comments by other presidents of the Federal Reserve like the Californian Janet Yellen. For today is expecting temporary recovery of the dollar but as overall the market will expect the key news from Wednesday.