EUR/USD (1.4731)
European & US sessions forecast levels: 1.4625/1.4925
Trend Sessions: European: Neutral/Downward
US: Neutral
Market Focus: 8:15 AM ADP Employment, 10:00 AM ISM Services, 2:15 PM FOMC Interest rates decision, 3:55 AM Germany Services PMI, 5:00 AM EU PPI.
Daily Strategy: The dollar remains strong against the euro as the risky appetite rises. The current situation is in expectation about the Fed comments for further interest rates politic. It is widely expecting the Fed to leave the interest rates unchanged today. The Fed will leave the interest rates unchanged probably to the mid of 2010 but it is expecting clear signal when Fed will act with the interest rates. It is expecting mix trading today with movements into both directions.