European & US sessions forecast levels: 1.5540/1.5695
Trend Sessions: European: Neutral
Market Focus: 3:30 AM German Manufacturing PMI, German Services PMI, 4:00 AM Services PMI, Manufacturing PMI, German Ifo Business Expectations Index, German Ifo Business Climate Index.
Daily Strategy: The trading in the new week starts flat. The market waits for the key Germany data today. The forecast is for flat trading till the news at 3:30 and 4:00 Am today. The fundamental forecasts show some poor results for the European locomotive. In spite that the euro will remain strong due too the problems in the United States and the expecting raise of interest rates in the euro zone. The trading strategy today is to trade according too the Germany data.