The Fusion Media Network: |
- BROKERS

Main 
Directory 
Promotions 
Interviews 
Compare 
Demo Accounts 
Live Accounts 
Special Offer - SOFTWARE
Main 
Charts 
Signals 
Trading Platforms - FUND MANAGERS
Main 
Interviews - EDUCATION
Main - MEMBERSHIP
Technical
Central Banks
Forex Brokers
Trading Tools
US weakness may be will spread over the European economy
By: FS Team - 17-01-2008
0votesEUR/USD (1.4661)
European & US sessions forecast levels: 1.4565/1.4745
Trend Sessions: European – Neutral/Downward
US – Neutral
Market Focus: 8:30 AM Building Permits, Housing Starts, Initial Claims, 12:00 PM Philadelphia Fed, 4:00 AM ECB Monthly Bulletin, 5:00 AM EU Trade Balance.
Daily Strategy: The dollar was very strong against the euro after the official comments that the US weakness may be will spread over the European economy. The influence of the world biggest economy to the European Union is sure event that will happen in near term. At the same time the US currency remains under pressure due too the expecting 50 or 75 bps interest rates cut. As overall today the forecast is for movements into both directions. The dollar will test again the levels below 1.46.
Next Analysis: ECB Officials hint at slowing growth, as US CPI figures remain stable
Browse The Entire ForexPros.com Site:
News
Quotes
Forex Analysis
Forex Brokers
Forex Software
Live Events
Charts
Fund Managers
Education
Forex Forums
Languages
2007 Fusion Media Limited. All Rights Reserved About Us | Advertise | Affiliate Program | Link To Us | Webmaster Tools | Write to us | Contact Us
Risk Warning | Terms And Conditions | Privacy PolicyRisk Disclosure: Trading on margin involves high risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you before deciding to trade you should carefully consideryour investment objectives, level of experience, and risk


