The Euro yield positions against the U.S. dollar at the prospect that Greece may not be able to meet the requirements of the Euro and the International Monetary Fund (IMF) to slash its high fiscal deficit. It is important to be aware of the ads that may come from the Hellenic country in the coming days due to the arrival of two members of the IMF to inspect the tax reform and tax. It is the first visit by the agency after signing the agreement between the European Commission, IMF and Greece.

Also, remember that this month Greece this month plans to launch a multimillion-dollar bond issue denominated in dollars, which will range between 5,000 million and 10,000 million, for which the country will be presented to investors across the Atlantic as an emerging economy following the decline of interest in Europe by helena debt. The manager will manage the operation after Morgan Stanley Goldman Sachs plans to place bonds Greeks among U.S. and Asian investors become frustrated by rumors of China’s rejection of Greece taking on debt. Greek debt issuance in the United States marks the first such operation carried out by Greece in nearly two years and forms part of government efforts to address the maturities of its debt by next May, amounting to about 10,000 million euros.
Faced with the loss of interest among European investors, Athens aims to attract investors specializing in emerging markets, seeking higher returns on purchases of debt. In January, Greece managed to capture the interest of investors in a volume of up to 25,000 million euros in the first debt issue in the country in 2010, while in the last issue, held in late March, the demand just reached 6000 million euros.

Among other things, during the evening session, we knew that the Australian Central Bank (RBA) has raised interest rates 25 basis points to locate the value of money at 4.25%. Importantly, both the Aussie, as the loonie, are the currencies linked to commodities with more success in Forex, after experiencing strengthening their economies. At the time of the RBA’s announcement on rates, the Australian dollar appreciated 85 pips against the greenback. For their part, have also reported the results of the Consumer Price Index (CPI) of Switzerland, which remained in line with expectations, while in the United Kingdom have published good results of the March construction PMI.

For the next few hours, all eyes will focus on the minutes of the last meeting of the U.S. Federal Reserve (FED), the Consumer Confidence ABC / Washington Post and the API weekly oil inventories also in the American country. During the Asian session, we will know the Nationwide Consumer Confidence in the UK and the decision on interest rates from the Bank of Japan (BoJ).

In the securities area, the main indicators of the Asian region have closed the day higher, with the exception of Japan’s Nikkei 225 index, after the operators made a “take profit” after recording the maximum of 18 months during the last days . In Europe, the old continent selective operating in green, while on Wall Street, U.S. futures foretell an early session losses.
With regard to raw materials, a barrel of West Texas oil (WTI) was trading at 86.41 U.S. dollars moments ago in the House New York Mercantile Exchange (NYMEX). Since the beginning of the session, the black gold depreciates 0.32%, registering a daily minimum at 86.14 dollars. However, despite the pullback held today, we must remember that these days both crude recorded the highest 17 months after increasing the demand for oil as a favorable alternative investment by operators. Mindful that in the event of exceeding the floor of 86.31 intraday, the commodity has the prospect of consolidation with the previously mentioned minimum.

Levels and key trends:

EUR / USD (euro against the dollar): The dollar has made new lows month after losing definitely the barrier of 1.3475 dollars per euro. At the moment, seems to be making a pullback on 1.3434 to find the 1.34. This point will be key, because if he loses, it could slide to the annual minimum and may find support at 1.33. The Bull, the 1.34 is a good place to start climbing. The first step is to recover the 1.3434. Once there, try to pull himself up to intraday highs, bearing in mind that you will find resistance at 1.3475.

USD / JPY (dollar against the yen): The pair have met with strong resistance before reaching the 95 yen per dollar. At the moment, has lost the 94 barrier, which could lead him up to 93.65, an area where, on Friday launched. A strong movement of the yen could reach 93,324, where he will meet with the MM 200 days in one hour chart. The Bull, the first step is to recover the 94 possible pullback area bassist and breaking point on Friday. If it stays on top, the first objective will be 94.37, before attempting to attack the monthly maximum.

GBP / USD (Pound against the dollar): The pound yesterday found a strong resistance at 1.5318, a level last week and noted. European overnight has finished close the gap that opened the week. It has also lost support last week’s decline to 1.5128. At this point, the pair could seek support for turning in search of 1.5181. Once there, could re-promoted until 1524. A low, losing the support of 1.5128, would a free up to 1.5044. Although, by the way may slow in 1.51, which coincide with Moving Averages (MM) of 200 days in one hour chart.

XAU / USD (ounce of gold against the dollar): The pair has found a strong double top at 1133.8 after promoted from 1119.2, an area that today could come into play. This is the level where it could start again promoted, looking for the maximum commented. However, the pair has slowed in 1123, where there is the noise of the market. A downward slide of 1119.2, the GM will reach 200 days of an hour lying in the strong resistance of $ 1,115 per ounce.
Opportunities of the day:

USD / CAD (Canadian dollar against the U.S. dollar): The pair have reached parity in the exchange rate you had been looking for. It is a key point, but if you are going to look beyond the 0.9822. However, before seeking that level would be expected to be announced Friday employment data. If seeking a rebound today, the first step will be positioned above the 1.0012, and once there, the highest of the day is the goal. There will be attentive to the evolution of oil, which if it continues to set new annual highs, could make the loonie quote below par.

EUR / JPY (euro against the yen): The pair started the day lower with a strong tendency that seeks to contact the 38.2 level, placed at 125.26. Probably profit taking after rising more than a week by the weak against the dollar has played his trump card so early in the movement. However, now looking for clavicular line of “Shoulder, Head, Shoulder,” which is located at around 125.56. Do not rule out an attack fibo 38.2 (125.25) that, in principle, should not consolidate for 2 reasons: the first is the depletion mid-range daily volatility, the second is the control area as a pronounced minimum 31 days March at 14:00 CET. Thus, an attack below 125.56 could lead instead to a naked candle with a large lower shadow. The consolidation, effective closure is below this level, we would rethink the strategy bassist. Upward trend remains strong even in today expect little movement in the direction. However, guided by the figure of change “Shoulder, head, shoulders, should be aimed upward at 128.05.