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US Housing sector reports expecting
Category: Forex Forecasts & Signals
Posted by ForexNewsAgency on December 23, 2008 at 12:40 AM
EUR/USD (1.3998)
European & US sessions forecast levels: 1.3910/1.4125
Trend Sessions: European: Neutral
US: Neutral
Market Focus: 8:30 AM Chain Deflator-Final, GDP-Final, 10:00 AM Existing Home Sales, Michigan Sentiment-Rev, New Home Sales, 2:45 AM France Consumer spending, 4:00 AM EU Current account, Italy Retail sales.
Daily Strategy: There is a lot of key fundamental events today moving by other days due too the holiday. It is expecting new poor results for the US housing sector. The Existing Home Sales and New Home Sales will fall to the lowest level according to the latest forecasts. The traders will expect the key reports today. As overall the forecast remain for flat trading. The trading strategy today is trading within the trading range.
Forex Forecast by FS Team

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