USD
First two weeks of this month USD demonstrated the relative stabilization. The prolonged decline in the dollar index has changed to sideward direction with the formation of a triangle, which in the nearest future can be realized that will cause resumption of decline in the American currency.
Statistics of the last week showed that the American economy continues to slowdown, but it is already not as fast as in previous months, so at the end of the second quarter we should expect final stabilization of the American economy and the consolidation of the dollar near the minimums, after which USD will start strengthening, and the strengthening of the cycle will last for several years.
On Monday in the United States data on retail sales will be published, but most likely it will not have a significant impact on the market as at present they are not key data. Weak growth indicator of sales is expected to 0.1% against 0.6% decline in the previous month. This week further decline in the currency is expected, which will cause even greater deviation from the economic grounded marks.
The source of info:
http://blog.poltekfx.com/?p=62&forex=1