European & US sessions forecast levels: 1.4685/1.4925
Trend Sessions: European: Neutral/Downward
Market Focus: 8:30 AM Personal Income, Personal Spending, 9:45 AM Chicago PMI, 9:55 AM Michigan Sentiment-Rev, 10:00 AM Employment Cost Index, 2:00 AM Germany Retail Sales, 2:45 AM France PPI, 5:00 AM EU Flash HICP, Unemployment.
Daily Strategy: The dollar loses about 150 pips on Thursday after better than expected GDP report. The better results for the world largest economy is sign for the traders to back to risky assets as sell dollars. The U.S. economy expands for the third quarter for the first time in more than a year. The positive news for the end of the recession pushes many investors to change their investments into high-yield currencies and risky assets. Temporary the dollar may recovery today but the effect over the dollar to lose again will remain.