European & US sessions forecast levels: 1.4610/1.4890
Trend Sessions: European: Neutral/Upward
Market Focus: 2:15 PM FOMC Rate Decision, 2:50 AM France INSEE Business Confidence, 3:00 AM France Flash Services PMI, 3:30 AM Germany Flash Services PMI, Flash Manuf. PMI, 4:00 AM EU Flash Composite PMI, Flash Manuf. PMI, Flash Services PMI, 5:00 AM EU EU Ind. new orders.
Daily Strategy: The dollar again fall to new lows above 1.48 that is 1-year record level. The dollar losses at the start of the recovery of the global economy is fact caused by the flooding with dollars by Bush and Obama plans for billions of billions dollar injections. The investors worldwide avoid the dollar and turn to other currencies like the euro. The tendency for weak dollar will continue, as the trading strategy is to open long positions with new record target against the euro.