European & US sessions forecast levels: 1.4005/1.4445
Trend Sessions: European: Neutral
Market Focus: 8:30 AM CPI, Core CPI, 9:15 AM Capacity Utilization, Industrial Production, 9:55 AM Michigan Sentiment-Prel, 5:00 AM EU HICP, Core HICP.
Daily Strategy: The last reports from Thursday send reverse signal. The end of the recession is not so close as the expecting. The dollar slowly continues losses against the euro. Based on technical correction the dollar may take a step ahead with recovery today against the euro but the chances for stronger recovery means by the key fundamental report today. We recommend trading within the trading range in fast entry exits with 40-45 pips profit.