European & US sessions forecast levels: 1.5460/1.5650
Trend Sessions: European: Neutral/Upward
Market Focus: 10:00 AM Consumer Confidence, 2:00 AM German Consumer Confidence, 2:45 AM French Consumer Spending.
Daily Strategy: The Federal Reserve chairmen Ben Bernanke voice concern about the raising inflation. He may raise the interest rates in August. The worries about the raising interest rates probably will slow down more the weak US economy. The inflation will become the second biggest problem for US economy after the credit crisis. The raising energy prices will boost the inflation that will cause Fed interest rates hike. The dollar will remain under pressure and probably will close the record trading levels against the euro close to 1.60.