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Forexpros - Financial Markets Worldwide
Feb 13, 2012 05:21AM GMT
     
 
  New York   London   Tokyo 
   
 

Strong speculations will move the dollar up to 1.4950 soon

By   |  General Overview  |  Dec 13, 2007 12:00AM GMT

     
     

    EUR/USD (1.4714)

    European & US sessions forecast levels: 1.4640/1.4750

    Trend Sessions: European – Neutral/Downward

    US – Neutral/Upward

    Market Focus: 8:30 AM Retail Sales, Retail Sales ex-auto, PPI, Core PPI, Initial Claims, 10:00 AM Business Inventories, 2:45 AM French CPI, French Non-farm Employment, 4:00 AM ECB Monthly Bulletin, 5:00 AM Labor Cost Index.

    Daily Strategy: The dollar is under pressure in spite the positive Fed action with 25 bps interest rates cut. The speculations just after the Fed decision is for expectations for new interest rates cut in January 2008. The European economy start to signal problems but the speculations will move against the fundamental data and the dollar will test 1.4950 in very short time. Again the speculations will move the market not the fundamental data.

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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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