European & US sessions forecast levels: 1.4030/1.4415
Trend Sessions: European: Downward
Market Focus: 10:00 AM Consumer Confidence, FHFA Home Price Index, 2:45 AM France Consumer Spending, 4:00 AM EU Current account, Germany IFO Business Climate, IFO Current Conditions, IFO Expectations, Italy Retail Sales.
Daily Strategy: The official Fed policy makers are considering adopting a new benchmark interest rate to replace the one they’ve used for the last two decades support the dollar during the Asian session. The dollar may continue rise today following the news. The rest key events today are the Ben Bernanke support for second term as Fed chairmen and key Germany IFO data.