European & US sessions forecast levels: 1.4320/1.4710
Trend Sessions: European: Neutral/Upward
Market Focus: 8:30 AM PPI, Core PPI, Retail Sales, Retail Sales ex-auto, Empire Manufacturing, 10:00 AM Business Inventories, 2:45 AM France Current Account, CPI, HICP, 5:00 AM EU Labour cost index, Germany ZEW (Economic Sentiment), ZEW (Current Conditions), EU ZEW (Current Conditions), EU ZEW (Economic Sentiment), 7:00 AM EU EC publish Annual Report on Euro Area.
Daily Strategy: Today is one of the most important days during this month. The day is full of very important economic events in the Euro Zone and United States. A large number of fundamental events will send many new signals to the investors and forex traders. The dollar continues losses against the euro as set new low at 1.4650 and probably we will see new record low above 1.4650 today. The trading strategy is opening long position, as buy on dips correction.