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News:
Fed to leave the interest rates close to zero for extended period of time
Category: Forex Forecasts & Signals
Posted by ForexNewsAgency on March 17, 2010 at 01:34 AM
EUR/USD (1.3778)
European & US sessions forecast levels: 1.3455/1.3840
Trend Sessions: European: Neutral/Downward
US: Neutral
Market Focus: 8:30 AM Core PPI, PPI.
Daily Strategy: The dollar loses against the euro after the positive expectations about the Greece help plan. The investors back to risky assets expecting the Greece crisis to recover. The Fed leave the interest rates unchanged at 0.25% that was widely expecting. The Fed will keep the interest rates at the level of 0.25% for extended period of time. The dollar may start recovery today against the euro, as the trading strategy is to open short positions.
Forex Forecast by FS Team

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