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Some positive news are expecting in the coming week for the US economy
By: FS Team - 25-11-2007
0votesEUR/USD (1.4838) – Weekly Forecast
Weekly forecast levels: 1.4710/1.5055
Trend for the week – Neutral/Upward
Market Focus: Again the Fed interest rates politic are in focus in the coming week. On the focus is also the crisis with US housing sector with the key housing data this week. The oil price is again under the trader focus together with the news for stooping to use dollars by Iran for the international trading.
Weekly Strategy: The dollar was very close to break the level of 1.50 and on the next movement up will break above. May be this will happen in the coming week? This week there is some fundamental news that will be positive for the US economy, but as overall the market is movement by the fears and these fears will push the dollar to new record levels. The strategy for the week is to buy on dips with target above 1.50.
Next Analysis: Japanese market holiday exaggerate moves. Euro eyes 1.50 level. Markets move on ECB official comments
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