European & US sessions forecast levels: 1.4655/1.4825
Trend Sessions: European â€“ Neutral
US â€“ Neutral/Upward
Market Focus: 2:00 AM German Trade Balance, German Retail Sales, 2:45 AM French Trade Balance, 5:00 AM EU GDP, 6:00 AM German Industrial Production.
Daily Strategy: The trading remain flat in expectation for new signals by European Central Bank about the interest rates politic. It is expecting ECB to hold the interest rates unchanged at 4.00%, but to signal that is ready to increase the interest rates this year. At the same time the Fed dilemma how to avoid the recession continue. Fed want to cut the interest rates but the inflation would not allow interest rates cut. For today the forecast is for new flat trading on the market. We recommend opening long positions, as buy on dips.