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TODAY'S TIP
It is too early ECB to cut the interest rates: Category: Forex Forecasts & Signals |
EUR/USD (1.4802)
European & US sessions forecast levels: 1.4665/1.4890
Trend Sessions: European: Neutral/Upward
US: Neutral
Market Focus: 8:30 AM Chain Deflator-Prel, GDP-Prel, Initial Claim, 3:55 AM German Unemployment Change, 4:00 AM M3 Money Supply.
Daily Strategy: The dollar lose on the market as the Oil drop for forth day due too the tropical storm. Comments by comments by a European Central Bank official that any cut of the interest rates in the euro zone is premature also...
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EUR/USD break below 1.50 today: Category: Forex Forecasts & Signals |
EUR/USD (1.4975)
European & US sessions forecast levels: 1.4875/1.5050
Trend Sessions: European: Neutral/Downward
US: Downward
Market Focus: 2:00 AM German WPI, 2:45 AM French Industrial Production.
Daily Strategy: The dollar recovery continues after the break below the psychological level of 1.50 during the Asian session. The dollar is stronger after positive news and expectations for the US economy. The oil continue to fall that will hold the inflation in normal levels. The other news...
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EUR/USD set five months low: Category: Forex Forecasts & Signals |
EUR/USD (1.5239)
European & US sessions forecast levels: 1.5155/1.5295
Trend Sessions: European: Neutral
US: Neutral/Downward
Market Focus: 8:30 AM Productivity-Prel, 10:00 AM Wholesale Inventories, 2:45 AM French Government Budget Balance.
Daily Strategy: The euro fall to five months low against the dollar after European Central Bank press conference. The traders reduce the bets for rising of euro zone interest rates. The reasons ECB to hold the interest rates unchanged are the...
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ECB to hold interest rates at 4.25% today: Category: Forex Forecasts & Signals |
EUR/USD (1.5437)
European & US sessions forecast levels: 1.5360/1.5515
Trend Sessions: European: Neutral
US: Neutral/Upward
Market Focus: 8:30 AM Initial Claims, 10:00 AM Pending Home Sales, 2:00 AM German Trade Balance, 2:45 AM French Trade Balance, 4:00 AM Italian Industrial Production, 6:00 AM German Industrial Production, 7:45 AM ECB Interest rates decision, 8:30 AM ECB Press Conference.
Daily Strategy: The most important event today is the European Central Bank Interest rates...
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The dollar recoveries stopped temporary: Category: Forex Forecasts & Signals |
EUR/USD (1.5498)
European & US sessions forecast levels: 1.5445/1.5590
Trend Sessions: European: Neutral/Upward
US: Neutral
Market Focus: 15:00 AM Consumer Credit, 6:00 AM German Factory Orders.
Daily Strategy: The dollar recovery is over. After the Fed interest rates decision to hold the key benchmark interest rates at 2.00% the dollar remained firm against the euro. In Asian session the traders cut their short positions expecting new dollar weakness in the coming days. The trading...
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Fed to hold interest rates at 2.00% today: Category: Forex Forecasts & Signals |
EUR/USD (1.5534)
European & US sessions forecast levels: 1.5450/1.5625
Trend Sessions: European: Neutral
US: Neutral/Upward
Market Focus: 10:00 AM ISM Services, 2:15 PM FOMC Policy Statement, 4:00 AM Services PMI, 5:00 AM EU Retail Sales.
Daily Strategy: The dollar slightly recovery against the euro ahead of Fed interest rates decision. It is expecting the Fed to keep the interest rates unchanged at 2.00%. Due too the high inflation is expecting the Fed to signal to start with interest...
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EUR/USD consolidate above the key support at 1.5515: Category: Forex Forecasts & Signals |
EUR/USD (1.5583)
European & US sessions forecast levels: 1.5515/1.5675
Trend Sessions: European: Neutral
US: Neutral/Upward
Market Focus: 8:30 AM Personal Income, Personal Spending, 10:00 AM Factory Orders, 4:30 AM Sentix Investor Confidence, 5:00 AM PPI.
Daily Strategy: The dollar consolidates at the levels above 1.55. It is necessary strong support for the dollar to break below the key support level at 1.5515. If the dollar breaks below we can see levels to 1.52. The chances for such...
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The dollar recovered after positive US Consumer Confidence data: Category: Forex Forecasts & Signals |
EUR/USD (1.5593)
European & US sessions forecast levels: 1.5515/1.5675
Trend Sessions: European: Neutral/Downward
US: Neutral
Market Focus: 8:15 AM ADP Employment, 5:00 AM Consumer Confidence.
Daily Strategy: The fears for US recession over yesterday after the release of US Consumer Confidence. The US economy is not so bad and probably will avoid the recession. The positive news for the US economy helps to the dollar and the oil to recovery. For today we expect to see slowly recovery as...
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