European & US sessions forecast levels: 1.4505/1.4770
Trend Sessions: European: Neutral/Upward
Market Focus: 8:30 AM Building Permits, Housing Starts, Initial Claims, 10:00 AM Philadelphia Fed, 5:00 AM EU Trade balance.
Daily Strategy: The good news for the U.S. economy is bad news for the dollar. The investors see optimism for the end of the recession and turn back to risky assets. The latest better than expected U.S. fundamental events pushes the dollar at 9-month low against the euro. The dollar may continue with the losses these days. The trend remains upward as the trading idea is to open long position again today.