European & US sessions forecast levels: 1.3380/1.3860
Trend Sessions: European: Downward
Market Focus: 10:00 AM Initial Claims, Continuing Claims, Export Prices ex-ag, Import Prices ex-oil, Trade Balance, 2:00 PM Treasury Budget.
Daily Strategy: The Italy panic pushes the investors to buy dollars. Berlusconi is out but probably he will remain in the politic and the new prime minister will be under Berlusconi control. The debt fears from Greece spread in Italy. The FS Team trading strategy today is to open short positions.