EUR/USD (1.4952)
European & US sessions forecast levels: 1.4650/1.5015
Trend Sessions: European: Upward
US: Neutral/Upward
Market Focus: 8:30 AM Initial Claims, Continuing Claims, CPI, Core CPI, 10:00 AM Philadelphia Fed, 5:00 AM EU HICP, HICP Core.
Daily Strategy: The dollar is very weak against the major currencies. The attack against the dollar started couple of days before as one of the reasons are the Fed prediction to leave the key interest rates at the lowest level at least till the mid of 2010. The rising risky appetite also pushes the investors to play against the dollar. The dollar probably will test 1.50 level in a short time successfully. We recommend opening long positions.