DislikedNews:
EUR/USD (1.3280)
European & US sessions forecast levels: 1.3040/1.3410
Trend Sessions: European: Neutral/Downward
US: Neutral/Downward
Market Focus: 8:30 AM Trade Balance, 2:00 PM Treasury Budget.
Daily Strategy: The dollar continues gain against the euro due too expecting interest rates cut in the Euro Zone. The European Central Bank will cut the key interest rates at least with 50 bps to 100 bps. Due too the deeper of the recession in the Euro Zone, ECB will cut more than 50 bps. The trading strategy today is opening short positions....Ignored
Now this is basic info that is not emotional..and steady since before this burp...Europe and NY sessions to continue the big trend picture..not a smaller view..such as bad sales from Dec..or GE poor performance.
Just dont do any Knee jerk trades..be deliberate
If you read Bloomberg..they intentionally supply conflicting news..they exist on chaos..otherwise..why have them.