Today we have a day with little activity at the macro agenda. Therefore, we must be attentive to the quarterly results Boeing Co., McDonalds Corp., Wells Fargo and Morgan Stanley in the U.S.. Yesterday, Apple has shaken the market, following news that its earnings dropped figures surpassed the expectations of the investors. Among other things, finally picked up after oil reduce the oversupply that existed in the market, after European flights resume after several days of inactivity caused by the effects of volcanic ash cloud. It is important to note that 75% of the operational aircraft of the old continent had been affected.

So far, we have reported the minutes of the last meeting of the Bank of England (BoE). According to the report, the decision to keep interest rates at 0.50% was unanimous, but noted that they need a fiscal control “adjusted” to control inflation levels. For its part, the BoE said that the Eurozone recovery remains fragile and that the depreciation of the pound over stimulus plans offset the weakening economy. Similarly, the ILO unemployment rate in the UK recorded a further increase in February, to settle at 8.0%. However, the pound advanced against the dollar, after news that the Initial jobless fell three times faster than expected in the previous month.
For the next few hours, the eyes will be on MBA mortgage applications and weekly petroleum inventories in the U.S., while in Canada, published the results of the wholesale sales in February.

With regard to raw materials, a barrel of West Texas oil is trading at 84.25 dollars on the New York Mercantile House. Since the beginning of the session, the black gold is appreciated 0.74%, registering a 84.60 daily maximum dollars. Now, after drilling the 61.8% fibo of drawn between 83.83 and 83.62, crude oil goes to 50% last long stroke. For the next few hours, we are mindful that if the weekly oil inventories recorded a further cut in the previous week, oil could offer a fabulous rally up to 85.00 dollars.
Finally, in the securities field, the selective in the Asian region closed with green numbers, after the excellent quarterly results from Apple and Yahoo. In Europe, operating indicators Old upward, accompanying the reaction in Asia, while Wall Street, U.S. futures bode parquet logon profits.

Levels and key trends:

EUR / USD (euro against the dollar): The euro could not stand on the barrier of 1.35, which has made it that goes up to 1.34. At this time, try to bounce from 1.34, which try to go for the top of the bearish channel, drawn from the maximum of 15 April. If overcome, you will find the best of yesterday, where the drilling would open a movement toward the 1.36. A downward, breaking the 1.34 barrier will be key to see a bearish intraday wave. The lens is located in the 1.33, however, by the way are outstanding 1.3366 and 1.3342, which seek to turn the pair. A great strength of the dollar, could lead to the crossing to operate in the European minimum.

USD / JPY (dollar against the yen): The dollar has rebounded strongly from the trendline, which also coincided with the fibo 50 of the upward momentum from last March. At the moment, is trying to break the barrier of 93.43, where to get the daily candle close above it, would attempt to look beyond the 95 yen per dollar. In one hour chart seen enough resistance, which highlight the 92.608/787 and 94.03. A low, could be making a double top at 93.42, so you could again lead to 93. Losing this would be very considerable, so it would not be unusual to even 92,587.

GBP / USD (Pound against the dollar): The pair has done a good double floor that can help you stay above the 1.54 dollars per pound. This will be the key point for today. In case of holding on it, could give a bullish momentum seeking 1.55 barrier. However, the 1.5381 to lose again, you go to test the strength of the double floor commented. It is thought that the third will be lucky and if exceeded, could go without problems until the barrier of 1.52, also at least weekly. The movement of the European morning, it is noteworthy that has overcome the most of yesterday, however, without consolidation, which could be interpreted as lack of strength to reach 1.55.

XAU / USD (ounce of gold against the dollar): Gold has failed to beat the control area in the 1145 mark yesterday, forming a double top. The yellow metal could go to seek contact with the guideline aiming upward of $ 1,155. A low, after the double top, might seek to break the trend long drawn on the chart at a time from the April 19, which would open the doors to an upper limit at $ 1,131 per ounce.

Opportunities of the day:

USD / CAD (Canadian dollar against the U.S. dollar): The Canadian dollar has already made new annual lows. Currently listed on the values that he did not since June 2008, which is very significant. The next significant support is located at 0.9822, which is the mainstay of May 2008. Furthermore, care must be taken as the rebounds at the junction are important, and after the incredible movement of yesterday, could seek an amendment seeking parity. If you exceed the annual minimum old, located in the 0.9954, zone of possible pullback could return up to 0.9977.

EUR / JPY (euro against the yen): The couple has an upward trend in one hour chart quite relevant, which might come into play should not exceed the maximum yesterday. The Bull, the mainstay seems the 124.45, which could send the pair to by 125.27. Once consolidate the area, could make a move up to 126 days before the control area. Today would not be surprising a strong movement of the euro, if the quarterly results at U.S. companies continue to show that the global economy is recovering, a new day will be bearish for the yen. In this case, the goal would be 126.30.