The Fusion Media Network: |
 |
Welcome,
Guest!
- 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
The dollar consolidates in expectation of key economic news
By: FS Team - 15-05-2008
0votesEUR/USD (1.5486)
European & US sessions forecast levels: 1.5395/1.5570
Trend Sessions: European: Neutral/Upward
US: Neutral/Downward
Market Focus: 8:30 AM Initial Claims, NY Empire State Index, 9:00 AM Net Foreign Purchase, 9:15 AM Capacity Utilization, Industrial Production, 10:00 AM Philadelphia Fed, 2:00 AM German CPI, German GDP, 2:45 AM French GDP, 4:00 AM ECB Monthly Bulletin, 5:00 AM EU CPI, Core CPI, EU GDP, 7:40 AM ECB President Trichet Speaks.
Daily Strategy: The dollar remains steady on positive US inflation report. The inflation is low in spite the record oil prices. The low inflation gives free room to Fed to act with the interest rates if necessary. The dollar will continue to trade into neutral direction and in consolidation process. There are important economic events today that will move the market. Take your attention to US Net Foreign Purchase and Industrial Production. The key support for the dollar formed at 1.5395. The break below will follow levels of 1.52 in near-term.
Next Analysis: EURUSD, AUDUSD, EURCHF daily outlook - Thursday
Become a member and get 6 free Forex courses by OTA! - Charts
- Survey
How long have you been trading forex?
Browse The Entire ForexPros.com Site:
News
Quotes
Forex Analysis
Forex Brokers
Forex Software
Live Events
Charts
Fund Managers
Education
Forex Forums
Languages
