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The main team strategy is to send to all clients first and real time signals entry and exit positions (Buy and Sell levels) for the four main trading currency pairs: EUR/USD, USD/JPY, GBP/USD and USD/CHF.

Free Daily Forecasts and Analysis - Daily updated

Thursday May 10th 1:39 AM ET

EUR/USD (1.3536)
Trading range: 1.3500 – 1.3585
Trend: Neutral
As the expectations the Federal Reserve kept the interest rates unchanged. But the most important were the signals for the Fed further action. The inflation which is one of the most important factor cause Fed actions would fail to moderate. That will cause Fed to cut the interest rates during 2007 as some rumors predict two-rate cutting for this year. But the dollar raised against the euro after speculations about the bit more caution on the economic outlook. For today the most important events are ECB interest rates decision, BoE interest rates decision US Trade Balance, Initial Claims and others. It is expecting dynamic trading day. If the dollar break below 1.35 after the ECB interest rates decision it will signal for continue of the dollar recovery, otherwise the dollar will lose the recent gains.

USD/JPY (120.08)
Trading range: 119.50 – 120.55
Trend: Neutral
Also for the dollar/yen trading the most important event today is situation with the Fed and ECB interest rates politic. The yen but remain under pressure trading at the levels close to 120. The US Trade Balance is also important event. The yen will recovery against the dollar at the levels below 120 but at the end of day trading will back at the levels above 120 again.