European & US sessions forecast levels: 1.4635/1.4755
Trend Sessions: European â€“ Neutral/Downward
US â€“ Neutral/Upward
Market Focus: 8:30 AM Building Permits, Housing Starts, CPI, Core CPI, 2:00 PM FOMC Minutes, 2:00 AM German PPI.
Daily Strategy: The dollar fell against the euro the key fundamental data before. For today the US housing reports and inflation report will be under focus. The speculation for the situation with the world biggest economy continues. It is expecting new down in the new housing starts and building permits. At the same time the crude oil break the levels above $100 that send new pressure over the dollar. For today is expecting temporary recovery of the dollar against the euro. But at the end of day trading in Europe the dollar will be again under new pressure.