The beginning of this week might not necessarily be slow. In a little while we are getting Sentix Investors Confidence data which is believed to improve but the real test of Euro strength will come tomorrow when German ZEW Economic Sentiment is released. EUR\USD was clearly supported at 1.0850 level but for how long?


And later today we have two high level performances which might steal the show: Fed's Fischer and Lockhart are due to speak today. No doubt the market participants will be tuned for any clues about possible September liftoff. Just last week Lockhart said that the Fed is nearly ready to hike in September causing a dollar rally. A few months ago Fischer stated that "Fed can move with a rate hike any time, at any meeting" which had the same effect on the dollar.





So, the usually slow Monday might not prove to be true today.
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