European & US sessions forecast levels: 1.2730/1.3070
Trend Sessions: European: Neutral
Market Focus: 8:30 AM Building Permits, Housing Starts, PPI, Core PPI, 5:00 AM Germany ZEW (Current Conditions), ZEW (Economic Sentiment), EU ZEW (Economic Sentiment).
Daily Strategy: The optimism for the USA economy that will start out of the recession this year push the dollar above the levels of 1.30. The traders turn back to the risky assets as forget about to buy and search stability. Federal Reserve Chairman Ben Bernanke said on Sunday that U.S. economy would probably recover from recession next year if the government's program to rescue the banking industry succeeds. The today€™s reports for USA housing sector may show that the optimism is far away and to push the dollar to start recovery by the last losses.