European & US sessions forecast levels: 1.5585/1.5810
Trend Sessions: European: Neutral
Market Focus: 3:00 PM Consumer Credit, 1:45 AM French Trade Balance, 3:30 AM Sentix Investor Confidence, 5:00 AM German Industrial Production.
Daily Strategy: Although the weak US jobs data the dollar keep the trading levels before the news release on Friday. The traders not fast to sell dollars due too the first signals for problems in Euro Zone. It is expecting the crisis from US to come in Europe and most of the European banks to start suffering by the credit crisis. On the other side still the bottom for the world biggest economy is not reached. The Fed will cut the interest rates at least with 25 bps. For today is expecting neutral trading with chances for movement up above 1.5750.