EUR/USD (1.4920)
European & US sessions forecast levels: 1.4650/1.4965
Trend Sessions: European: Neutral
US: Neutral/Upward
Market Focus: 9:15 AM Capacity Utilization, Industrial Production, 9:55 AM Michigan Sentiment-Prel, 5:00 AM EU Trade balance.
Daily Strategy: The euro/dollar continue to set new records day after day on concerns that the high Unemployment Rate in United States will push the Fed to leave the key interest rates at zero at least to the mid of 2010. The nation debt is the main concern for the former Fed chairman Alan Greenspan not the weak dollar. The U.S. president Barak Obama supports the dollar with the words that the strong dollar is in the United States best interest. For today is possible to expect temporary recovery of the dollar.