Great day in the currency market, after the battery macro data scheduled for today. So far, we knew that the unemployment rate in Greece has risen to 11.3%, 1.1% above the previous data, while the German ZEW survey surpassed the expectations of operators, is 53 points, indicating a greater reliance on economic activity by local investors. Among other things, during the Asian session, the minutes were published in the last meeting of Central Bank of Australia (RBA). According to the entity, inflation was 2.5% for 2010 and interest rates are lower than expected and confirms that economic growth will be higher in March than in February, thanks to the rally and fuel a rebound in business investment. However, not everything has been positive, the RBA said the housing market remains weak, noting fewer mortgage approvals.
On the other hand, the Consumer Price Index from United Kingdom has been above expectations in both annual rate, as in the month. Watch for possible pre-election ads in the UK, where one of the central themes will be inflationary risks and the high fiscal deficit British. After knowing the results, the cable to trade picks up right now next to the goal of 1.5400 dollars per pound. For the next few hours, the eyes will be on the decision on interest rates Bank of Canada (BoC), the testimony of the president of the U.S. Federal Reserve (FED), Ben Bernanke, oil inventories and API Consumer Confidence ABC / Washington Post U.S.
In the securities field, the selective in the Asian region closed virtually unchanged with the exception of the Hang Seng in Hong Kong that showed 1%. In Europe, the floor of the old continent operate on the rise, after Goldman Sachs prospects for strong earnings record. On Wall Street, U.S. futures predict a sign with green numbers.
With regard to raw materials, a barrel of West Texas oil (WTI) recovered from losses in the day yesterday, to trade at 82.62 dollars on the New York Mercantile House (NYMEX). For the next few hours, be attentive and not waste the opportunity to capitalize on the routes that could generate the loonie if API oil inventories exceeding expectations. Upwards, the resistance to consider is at 83.45, while the low, the nearest support is at 82.48 dollars.
Levels and key trends:
EUR / USD (euro against the dollar): The downward trend continued on foot to continue to let minor maximum daily chart. The latter has been in 1.37, a level that should be taken into account if the euro rebound from minimal. Yesterday, he did a good turn of 1.35, but today has picked up again. If you can not stay above it, you might also do the same with 1.34, for moving to the monthly minimum. Highlight the small upward trend linking the minima of 2009 and 2010. Upward, holding above 1.35, could go to the 1357 attack. A strong movement of the euro may find the 1.36.
USD / JPY (dollar against the yen): The yen has made a strong pullback on the trend line since 2007, he has done to break the guideline chart bearish than an hour last week. If you consolidate the 92,587, could try to find the 93 yen per dollar. On the other hand, re-splitting the downtrend, a move would open up to 92.2, if not hold, the crossing back to the trend.
GBP / USD (Pound against the dollar): The pound has already made a big move, so it would not be surprising that they take a break before continuing its upward trend. A good place might be the 1.54. Although, today’s surf zone is also an interesting point. The next significant resistance is located at 1.5474 before reaching the monthly maximum area of 1.55. At this point, care should be taken, as operators of the dollar could be made shorter.
XAU / USD (ounce of gold against the dollar): Gold rebounded yesterday just before the 1123, and now goes to the 1155, can delay the movement until 1158. However, the road must take into account the noise zone located in the $ 1,144 per ounce. In one hour chart, you can trace an upward trend since at least yesterday, that if the drill, the yellow metal could lose 1133.8, which would lead to minima yesterday.
Opportunities of the day:
USD / CAD (Canadian dollar against the U.S. dollar): The pair continues the downward trend is in place since February. This point may be the most important day, because if not return to attack than parity in the exchange rate. The formation of the candles is clearly bearish, and it also coincided with the annual minimum old. If the above will be put on the way toward 1.0275. In one hour chart, you can see how it has formed a “Shoulder Head Shoulder”, where after breaking his collarbone can think of a continuation of the movement. Along the way are outstanding 1.01 minimum today.
USD / CHF (dollar against the Swiss franc): The pair has found good support in settings of 1.0623, which can make you reach the top yesterday. In this case, once there, could continue to escalate, with its sights set at 1.0745 francs per dollar. A low, losing the support of 1.0623 will not be easy because he too is very close to the 1.0613, which seek to bring the maximum price for. However, if successful could reach the minimum yesterday.