EUR/USD (1.4753)
European & US sessions forecast levels: 1.4485/1.4845
Trend Sessions: European: Neutral/Downward
US: Neutral
Market Focus: 8:30 AM Initial Claims, Continuing Claims, 10:00 AM Wholesale Inventories, 2:45 AM Trade Balance, 6:00 AM Germany Industrial Production.
Daily Strategy: The review of the dollar as world currency continues to push the traders to sell dollars. The Gold hit of new record high above $1050 is also negative signal for the dollar that a loss more than 100 pips during the Asian session today. It is expecting temporary recovery today based on technical analyses but as overall the tendency for weak dollar remain.