After the day yesterday, the dollar registered the three-week highs against the euro at the prospect that the European Commission did not reach agreement on tax cut plan of Greece, now observe how in both the dollar such as the yen and Swiss franc positions move against the main majors, following increasing demand for the same as the value of refuge. Note that the support on the above plan is not unanimous. Germany, the bloc’s economic engine, has underlined its opposition to aid to Greece after claiming a series of “legal issues” and state that the Hellenic government is not threatened with insolvency.

Interestingly, as in the previous session, Japan’s currency against the greenback is catching, appreciating 70 pips after the Senate approved the most important reform in American history in which, after the management of its president, Barack Obama, 95% of the population will have access to health coverage in the coming years.

For the day today, all eyes will be on the leading indicators in Canada, while in the U.S., the most important activities are the sales of existing homes, the Fed Manufacturing Survey of Philadelphia and ABC Consumer Confidence / Washington Post. So far, we have learned that mortgage approvals in February MBA UK have exceeded expectations, while the Consumer Price Index (CPI) showed a decline in Britain last month, to settle at 3%, when the previous figure was 3.5%. As a result, the cable depreciated 75 pips at the time of the announcement.

In stock level, the main selective in the Asian region closed the day higher, boosted by a surge in mining shares and financial, as well as raw materials, to a set of macro data that have left clear acceleration in the economy of the region. In Europe, the floor of the old continent operates with slight gains despite the risks in Greece, while on Wall Street, U.S. futures predict a sign with green numbers.

With regard to raw materials, a barrel of West Texas Oil (WTI) traded at this time to 81.52 dollars in the Chamber of Commerce of New York (NYMEX). Since the beginning of session, the black gold depreciates slightly (-0.05%) after registering a peak in the day for 81.74 dollars. Mindful that the technical side, a barrel of crude is close to the 38.2% fibo drawn between 81.74 and 81.13, to overcome area, could mean a pullback to the support of 81.35 intraday. Rising, operators are focusing on the roof located at 81.60, rebounding potential bearish zone. According to the Commodity Channel Index (CCI) black gold oversold environment.

Levels and key trends:

EUR / USD (euro / dollar): The pair continues to consolidate within the range between the annual minimum and $ 1.38 per euro. Although in daily chart could be giving the commencement of a new wave bass, but the candle that closed yesterday’s daily drawing. In this case, the pair seek bounce from 1.35 for the rise above 1.36. By the way, the best of yesterday and today is a fairly significant and therefore will not be easy to overcome it. A strong movement of the euro could reach 1.37, highlighting two levels in the medium, 1.3627 and 1.3651. A lower, losing 1.35, which at this moment is treating you, slide the pair directly to the smallest yesterday. Once there, the crossing is just a few pips of the annual minimum, 1.3434, rebounding potential bullish zone. Finally, if you make a new low monthly 1.3424 come into play, support in May 2009.

USD / JPY (dollar / yen): We follow a day without changing our approach to the crossing. Noting the 4 hour chart looks like the pair has spent almost all of March in a range, which could delineate between 90.7 and 90. Therefore, the objective for today is to break either end, so that the crossing start taking a direction for the coming days. A low, will slide the monthly minimum located in the surroundings of the 61.8 fibo. The Bull, will go towards the barrier of 92, less than last, finding his main resistance in the 91 yen per dollar. Of note is the support in the 90,345 trained as a zone of momentum. Finally, should not venture beyond the range delimited, we must try not to get into the middle of the ranks and look for extremes. In addition to the mentioned, in daily chart highlights the 200-day GM located in 90.97, which could make a strong resistance work.

GBP / USD (pound against the dollar): The pound yesterday corrected to the 38.2 fibo of the short stroke last week. In the same area found a rupture zone Friday, the MM 200 days, and the rising trend, now resistance. In the European morning the pair has been down to meet the 1.4973. At this moment, try to bounce and the first step will be placed on the 1.5, zone of possible pullback. In the latter case, return again to lose the 1.5 barrier, keeping in mind the minimum yesterday. A strong movement in the greenback could slide to the crossing until the March low at 1.4754 is located. However, by the way we should note the potential zone of 1.4888/52 bullish rebound. The Bull, the main target will break the 1.5114 area, which could bring a very strong upward move until fibo 50.

XAU / USD (ounce of gold against the dollar): The price of Gold has begun a downward movement in the price could go for setting the levels reached yesterday to $ 1092 per ounce. The drop target level was met yesterday in the $ 1100 but made an expansion that brought him to beat the previous minimum, this movement can make us think that the long-term upward movement may have taken a breather. The first objective to consider whether the price drop accelerates to place it at the $ 1077 with a first re testing in 1090. An alternative scenario could cause the price to break the immediate resistance to fetch the roof that has left before the price started to fall. The level that we would suggest that the movement can continue being the setting of $ 1118.

Opportunities of the day:

USD / CAD (Canadian dollar against the U.S. dollar): Yesterday the couple unsuccessfully tried to break the 1.0224, still remain. Found in the 1.0213 resistance, which should take into consideration whether the GM of 200 days in an hour continue to support. Moreover, moving averages break would be the beginning of a good short stroke. The first objective is located in the 1.0147, however, would beat him leeway to lose 1.01 for the 1.0071. Upward, we still aim daily candle close above 1.0224. Finally, adding that yesterday’s sail-shaped daily doji is bearish.

EUR / GBP (Euro against the pound): The euro area is rebounding from the lows yesterday placed in 0897. The price might stop at 0.9021, which coincides with the MM 200 days of an hour. Yesterday moving averages resistance made and could be rotated. In case of breaking, the maximum will be the next level yesterday to beat. A low, both levels will be discussed where operators of the pound will be short. The goal is set at the minimum of yesterday and today, leaving the way clear to 0.8936. The last candle in one hour chart shows that the price is undecided despite the bad data in the UK. It should be noted that in Europe things are not better, and hence the pair take a few months in a range, so it is very broad.