European & US sessions forecast levels: 1.4005/1.4445
Trend Sessions: European: Neutral/Downward
Market Focus: 8:30 AM Export Prices ex-ag, Import Prices ex-oil, Initial Claims, Retail Sales, Retail Sales Ex-Auto, 10:00 AM Business Inventories, 2:00 AM Germany GDP, 2:45 AM France GDP, 5:00 AM EU GDP.
Daily Strategy: The dollar made a strong recovery against the euro after the FOMC report but very fast lose the gains. The first news was positive for the dollar but the decision of Fed to keep the interest rates at 0.00-0.25% for extended period of time cool the speculations to buy dollars. It is expecting mix trading with movements into both directions. The key reports from the Euro Zone and USA will be important for today€™s trading.