EUR/USD (1.5778)

European & US sessions forecast levels: 1.5715/1.5990

Trend Sessions: European: Upward

US: Upward

Market Focus: 8:30 AM Building Permits, Housing Starts, PPI, Core PPI, 2:15 PM FOMC Policy Statement, 5:00 AM Italian Trade Balance.

Daily Strategy: The traders expect the key economic day today. The most important is the Fed interest rates decision. It is expecting the Fed to cut the key benchmark interest rates with 75 bps or 100 bps. Couple of hours the news before is the key release of US Housing Starts and Building Permits. For today is expected the dollar to set new records level against the euro. The trading strategy is opening long positions today.