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Category Forecasts

Title

The dollar is at two-months low against the euro after risky appetite back

Frequency Daily
Category Forecasts
Area Europe
Download Report Not Specified
Company Name ForexStrategy Team
Website Name www.forex-strategy.com
Time Submitted Jul 14 2010 5:36AM GMT

Header

EUR/USD (1.2705)
European & US sessions forecast levels: 1.2165/1.2740
Trend Sessions: European: Neutral/Upward
US: Neutral/Downward
Market Focus: 8:30 AM Retail Sales, Retail Sales ex-auto, Export Prices ex-ag, Import Prices ex-oil, 10:00 AM Business Inventories, 2:00 PM FOMC Minutes, 5:00 AM EU HICP - Core, HICP.
Daily Strategy: The dollar drops to two months low against the euro as the risky appetite rises. The disappointed U.S. Trade Balance also support the euro rises. China top ratings agencies downgraded the US sovereign credit score. The latest news pushes the investors to back to the risky assets. The dollar may continue losses, as the trading strategy today is to buy on technical correction below 1.2670.

Forecast by FS Team - For more forecasts and signals visit - www.forex-strategy.com



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