European & US sessions forecast levels: 1.4625/1.4925
Trend Sessions: European: Neutral
Market Focus: 8:30 AM Employment Cost Index, Productivity-Prel, Initial Claims, Continuing Claims, 5:00 AM EU Retail Trade, 7:45 AM ECB interest rate announcement, 8:30 AM ECB press conference following interest rate announcement.
Daily Strategy: The dollar loses against the euro after and before the Fed decision to leave the interest rates unchanged. It was widely expecting Fed to leave the interest rates unchanged. The key moment that the traders expect was when Fed will start with interest rates rise. But the Fed not send clear signal when consider to start with interest rates rise. Today the key events from the both sides of the Atlantic Ocean are important like ECB interest rates decision. It is also expecting ECB to leave the interest rates unchanged.