European & US sessions forecast levels: 1.3090/1.3390
Trend Sessions: European: Neutral
Market Focus: 8:30 AM CPI, Core CPI, Empire Manufacturing, 9:15 AM Capacity Utilization, Industrial Production.
Daily Strategy: The latest news for the US economy show that the recession is still not reached the bottom. The optimism is at low level. The recession in the Euro Zone go deeper. It is widely expecting new interest rates cut by the European Central Bank with at least 25 bps to 50 bps. The dollar will continue slowly rising against the euro. The correction by Easter Monday in Europe was melt on Tuesday but still is early to see the dollar to break below the key EUR/USD support at 1.3090. The trading strategy today is to trade technically into both directions.