European & US sessions forecast levels: 1.4650/1.4995
Trend Sessions: European: Neutral
Market Focus: 8:30 AM Building Permits, Housing Starts, PPI, Core PPI, 2:00 AM Germany PPI.
Daily Strategy: The dollar fell to a new record low level for the last 14-months as is very close to attack the psychological level of 1.50. The Crude Oil also is at record high level while the Gold close the record of $1070. The risky appetite is one of the main reasons for the dollar weakness. In spite the support of the dollar with words there are not other positive news for the dollar. The euro/dollar upward movement will continue, as there are not reasons to stop.