EUR/USD (1.4676)
European & US sessions forecast levels: 1.4505/1.4770
Trend Sessions: European: Neutral/Upward
US: Upward
Market Focus: 8:30 AM CPI, Core CPI, 9:00 AM Net Long-Term TIC Flow, 9:15 AM Capacity Utilization, Industrial Production, 5:00 AM EU HICP, HICP - Core.
Daily Strategy: The signs for the recovery of the world economy push the investors to turn back to risky assets. The dollar is at 9-months low against the euro and the lowest level for this year. The better than expected U.S. Retail Sales send new signals to the investors to start trading the risky assets. The dollar may continue losses these days as the trading strategy remain opening long positions, as buy on dips corrections.