|
|
Forex Commentary
|
The dollar recovery minutes after Fed pick at 1.4843
by Forex Strategy Team
Updated 05:26 GMT, September 24, 2009
|
|
EUR/USD (1.4718)
European & US sessions forecast levels: 1.4610/1.4845
Trend Sessions: European: Neutral/Downward
US: Neutral/Upward
Market Focus: 8:30 AM Initial Claims, Continuing Claims, 10:00 AM Existing Home Sales, 4:00 AM Germany IFO Business Climate, IFO Current Conditions, IFO Expectations.
Daily Strategy: The Federal Reserve follows the expectations and leaves the key interest rates unchanged at the levels of 0.00% and 0.25%. The dollar reached new record low level at 1.4843 after the expecting news. Minutes after the news the dollar start recovery as back more than 100 pips from the record level. There are key events for Germany today the IFO institute release at 4 AM also the key Initial Claims and Existing Home Sales in United States. It is expecting mix trading as is possible to see continue of the dollar recovery today.
Forex Forecasts by FS Team
|
| |
|
|
| Recommended Forex Brokerage Firms: |
|
|
