Upcoming improvements of US economy statistics after cold Winter start to support USD. It can be proved by the latest statistics and news – good employment statistics, expected inflation of 3,09% in 2015 (according to New-York Federal Reserve Bank), increase of employment trend index to 116,39 in February by Conference Board which equals to 4,4%.
Discontent of Bank of England and overall opinion of ECB that Pound and Euro are too expensive will give a support to USD due to the fact that both Bank of England and European Central Bank are very unlikely to go for monetary policy tightening in the nearest future.
Local overbought of Euro, Pound, Yen and other currencies against USD will be implemented in their decrease against USD in the short-term
We expect Euro and Pound decrease until 1,3700 and 1,6580.
