European & US sessions forecast levels: 1.2930/1.3170
Trend Sessions: European: Neutral/Upward
Market Focus: 8:30 AM CPI, Core CPI, Current Account, 2:15 PM FOMC Rate decision.
Daily Strategy: The dollar loses on the market due too few reasons. The first was the optimism of Bernanke that the recession will end this year. The last data for US housing sector support Bernanke€™s optimism with the first positive news for this sector by two years. The traders focus over the Fed policy decision. It is widely expecting the Fed to leave the interest rates unchanged but may signal for interest rates rise soon. The dollar will be set to attack because the investors turn their appetites to risky assets again. The trading strategy today is to open long positions as buy on dip movements.