The global recession closes to the end

By IBTimes Staff Reporter | May 03 2010 1:11 AM

EUR/USD (1.3220)European & US sessions forecast levels: 1.3115/1.3520Trend Sessions: European: Neutral/UpwardUS: Neutral/DownwardMarket Focus: 8:30 AM Personal Income, Personal Spending, 10:00 AM Construction Spending, ISM Index, 2:00 PM Auto Sales, Truck Sales. Daily Strategy: The oil prices rises as speculation for the end of the global recession rises. The dollar also rises on the markets. The dollar will continue rise this weak as for today is expecting temporary correction of euro/dollar to 1.3260/75 and then new turn down below 1.32. It is possible another scenario that include continue of the dollar rise against the euro.

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