April 2nd
EURUSD Weekly Forecast
Trading range: 1.3255 / 1.3515
Trend: Upward

Bushs words against China brings dollar down!!! One of the most dependent economies on China is the US economy. The eventually sanctions against China will seriously hurt the dollar and the US economy. I do guess China would take action. In such case the speculations fears from Friday will be nothing with the real act on the forex market. The dollar may be down to record levels and 1.35-1.37 may happen for few days. The expecting positive fundamental news this week may not help the dollar. Everything speaks today for Euro BUT beware of ISM Report at 15:00 GMT. As long as 1.325 is not broken the trend stays up.

Very Important Item On Gold which effects currencies http://sprott.com/pdf/investorsdigest/investors_digest_mar_30_2007.pdf