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Feb 13, 2012 05:45AM GMT
     
 
  New York   London   Tokyo 
   
 

Some positive news are expecting in the coming week for the US economy

By   |  General Overview  |  Nov 25, 2007 12:00AM GMT
 
 

EUR/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.

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Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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