European & US sessions forecast levels: 1.4650/1.4925
Trend Sessions: European: Neutral/Downward
Market Focus: 8:30 AM GDP-Adv, Chain Deflator-Adv, Initial Claims, Continuing Claims, 3:55 AM Germany Unemployment, 5:00 AM EU Business Climate, Economic sentiment, Industrial sentiment, Consumer sentiment.
Daily Strategy: The dollar continues with the recovery against the euro. The traders back to the stability in expecting of Fed signals to support the currency. It seems that the bottom of the recession in United States may have second bottom while the New Home Sales yesterday decline for first time since March as fell 3.6%. The dollar is also support by the rising Oil and Gold prices. The trading strategy today is opening short positions as sell on high movements.