At the conference today, the eyes will be on three key activities, the Initial jobless in the U.S., that will give us an overview of American labor sector, and decisions on interest rates European Central Bank (ECB) and Bank of England (BoE). Although taken for granted that the ECB will not increase the value of money, currently at 1%, it is expected the outlook for the monetary authority on the European economy and the fiscal situation in Greece. With regard to the BoE, not expected changes in rates (0.5%) although expectant traders await an increase in the “Quantitatve Easing Program”, currently consists of 200,000 million pounds.

Importantly, the euro continued to depreciate against the greenback, bringing the annual minimum located at 1.3276, after news a possible suspension of payments by Greece, as well as the government will help Helen to the country’s major banks who have suffered losses of more than 10,000 million euros. Despite the confirmed participation of the International Monetary Fund (IMF) in the Greek rescue plan, the outlook for the member of the bloc remain bleak.
Among other things, the Secretary of U.S. Treasury, Timothy Geithner, continues its tour of China, where the central theme is the weakening of the Yuan. Geithner’s visit, is the main reason the U.S. government the need for Asian currency appreciate against the dollar, key point that wreaks havoc on U.S. international trade. The reason for the meeting between Deputy Minister of China and the ultimate authority in allowing the Treasury will “float” the rate of the Renminbi, prior to the biannual report on U.S. currency, where, unable to find an agreement, the U.S. could declare China as a manipulator of currency. For its part, the U.S. Congress is pressuring the government of Barack Obama to impose high tariffs on imports of that country and take protectionist measures to counter unfair competition from China.

So far, we have known that Australia’s unemployment rate remained at 5.3% in March, while Switzerland fell below estimates to be at 4.2%. In Europe, the UK industrial production has been better than expected, while in the Eurozone, that industry experienced a contraction to 0% in February, while the annualized, rebounded to 5.8% when the previous data was 2.2% in January.

Without more data relevant to the rest of the session to tomorrow’s eyes will be on the trade balance of Germany, the index of producer prices in the UK and the unemployment rate in Canada.

In the securities field, the selective in the Asian region closed lower, with losses above 1%, whereas in Europe, the old continent selective in red after operating deficit risks in Greece. On Wall Street, U.S. futures bode parquet start day with losses.

With regard to raw materials, a barrel of West Texas oil (WTI) is listed at this time to 81.73 dollars on the New York Mercantile House (NYMEX). Since the beginning of the session, the black gold depreciates 0.54%, registering a 85.82 daily minimum and a minimum at 85.23 dollars. For the next few hours, investors estimate the raw material crude could make a retreat to the floor 85.23 key, then consolidated between 85.46-85.35 dollars. Technically, the Commodity Channel Index (CCI) is at neutral levels, while the Parabolic SAR provides short input signals.

Levels and key trends:

EUR / USD (euro against the dollar): The euro has now lost the barrier of 1.33, however at this moment is placed on it. The pair could make a pullback on the 1332 to return to find new lows. The objectives are to lower the floor in the first year and should make a very strong movement, could reach 1.3113, the lowest in May 2009. The Bull, once on the 1332, will have to break the downtrend in one hour chart, drawn from the maximum of 6 April. Once past the barrier of 1.34 is the target for today.

USD / JPY (dollar against the yen): The pair finally could not take the stand yesterday of 93,589 and slipped to 23.6% fibo, which is drawn from the minimum to the maximum in March-April. During the morning, having lost even lost even the barrier of 93. It is expected to fall to 38.2% of the decreases next to a very key. Highlight the way the support area between 92.87/757. The Bull, the first step is to try and bounce off the area to retrieve back annotated 23.6%.

GBP / USD (Pound against the dollar): The pair is immersed in two significant levels which are 1.5282 and 1.5181. It seems that the pound will cost 1.53 placed on, so that could have formed a very significant resistance. However, Moving Averages (MM) of 200 days in one hour yesterday and today have boosted the price. If the Bank of England closed the door to a further increase in the asset purchase program, we could see an attempt to exceed 1.5282. The next target will be 1.5318. A low, if back down and meets the 200-day MM commented, is more likely to overcome them. The lens is placed in the bottom of the range located at 1.5128.

XAU / USD (ounce of gold against the dollar): The yellow metal yesterday exceeded our expectations by reaching out to $ 1,153 per ounce. The strength of oil prices is helping to increase inflation risks, making a major push to gold. It is noteworthy that the overall objective of the 1170 increase is, however, may seek a correction before moving higher. The key level can be the 1138.8, which if lost would open the door to a motion seeking the $ 1,127.

Opportunities of the day:

EUR / GBP (Euro against the pound): Looking at the daily chart, you can see how the pound is moving forward with strength. He currently is on the support of 0.8751, which if lost will move towards the upward trend in weekly chart is drawn from a low of 2009 in conjunction with the 2010. As a mainstay, 0866 are outstanding, double floor area in mid-February. The Bull, commented levels, are points where players try to build support euro. In case of bounced off 0.8741, the first step is to break the 50-day GM is leading the pair. Once consolidated, it could look for 0.8812.

EUR / JPY (euro against the yen): The figure of 1 hour shows a correct construction Elliot Wave ABC clearly has reached moments ago, in contact with the fibo 61.8 in 123.63. The downward force against the euro is really powerful. The drilling force of this level, where there is an interesting medium that could withstand the powerful downward movement to the line of 124.06. The issue is expected to collect benefits before seeking a new entry in the address. 123.42 is the critical level of the day lower. Your drilling strength carried over to the 123.00 price. A dangerous level where bears might be late with a sharp correction. This correction could be up to 124.40 in principle, but have to confirm the depletion of the price.