Forex Brokers

US Housing report should push the dollar above 1.4750 today

By:   FS Team
  • 20-11-2007
0
votes
 

EUR/USD (1.4672)

European & US sessions forecast levels: 1.4580/1.4750

Trend Sessions: European – Neutral/Upward

US – Neutral

Market Focus: 8:30 AM Building Permits, Housing Starts, 2:00 PM FOMC Minutes, 2:00 AM German PPI.

Daily Strategy: The traders waiting for new economic news for the US economy. The main focuses today are the expecting US housing market report and the concerns about the expecting cut of the US interest rates. Most of the traders are sold the dollars and on the market there are not new investors to sell dollars. This is the reason for the dollar flat trading during the last hours. If the trading break above 1.4700 will follow trading close to 1.4750. If the US housing report today is negative there are chances for test of the last record at 1.4750.


Share:
 Wikio
Next Analysis: Stock prices fall ask credit woes continue. FOMC minutes set for release
Content Provided by:

Leading Forex Agency, Top Stories, Breaking News and Live Forex Signals.



Comments
Add a Comment
Please Login to Post a Comment
User Email:
Password:
  Remember Me Register For Free
  Forgot Password | Help
Become a member and get 6 free Forex courses by OTA!
 

 
  • Charts
 

 
  • Survey

How long have you been trading forex?

Total Newbie
Less than a year
3 years or less
5 Years or less
More than 5 years

 
ForexPros.com Newsletter
 

 
 

Special Offers: