European & US sessions forecast levels: 1.4005/1.4445
Trend Sessions: European: Neutral/Downward
Market Focus: 8:30 AM Trade Balance, 2:00 PM Treasury Budget, 2:15 PM FOMC Rate Decision, 2:45 AM France Current Account, CPI, HICP, 5:00 AM EU Industrial production.
Daily Strategy: The dollar consolidates ahead the key Fed interest rates decision. It is widely expecting the Federal Reserve to leave the interest rates unchanged at 0.00-0.25%. But the focus is over the signals that Fed probably will send about the necessary of interest rates rise. The forecast is that Fed will start with the interest rates raise in the beginning of 2010. The better than expecting U.S. jobs report on Friday probably will affect the two dayï¿½ï¿½s Fed meeting. The world largest economy slowly out of the recession.