The severe economic crisis in Greece and the lack of instruments in the European Union to come to the rescue of one of its members to weaken the currency of the old continent, adding the ads of Fitch, to indicate that you could lose your rating credit if it cuts its fiscal deficit. Meanwhile, the U.S. firm reported that Spain’s economic risk is very high, prompting a spike in risk aversion. For its part, the European Commission announced it was ready to propose the creation of a European Monetary Fund, an organization similar to the IMF, to deal with future debt crises in the Euro Zone and avoid another fiscal crisis like the economy registered in helena.

Furthermore, the yen advanced against the greenback positions, after major Japanese firms engage in profit-taking after the close of the fiscal year. An estimated total of benefits varies by 16,000 million. With respect to the pound sterling, the British currency lost strength after the results in the housing sector. So far, we have learned that the Consumer Price Index in Switzerland came in below forecasts, as it fell by 0.9% on-year rate, while the monthly has returned to positive territory. It has been reported the results of the UK trade balance. According to the National Bureau of Statistics, imports have increased, recording a deficit of 8,000 million pounds in January.

Among other things, the People’s Bank of China (PBOC) announced until the evening that the yuan will continue with a quote “fair and balanced” after rumors of a hypothetical appreciation of Chinese currency against the U.S. dollar. Recall that the Asian giant’s currency is under pressure due to increased interest paid on deposits and by the speculative capital that bid up the currency. The BMA deputy governor Yi Gang said China will continue its policy of diversifying its reserves by buying foreign currencies, renewing optimism around a possible takeover International Monetary Fund of the 190 tonnes of gold auction since last year. China, fifth holder of the precious metal, has 1054 metric tons in gold reserves, although they only account for 1.6% of total reserves of the third world power.

In stock level, the selective in the Asian region closed lower after profit-taking by investors, while in Europe, the floor makes a pullback after increased risk aversion. In the U.S., Wall Street futures predict a session start to fall.
With regard to raw materials, a barrel of West Texas Oil (WTI) traded at this time to 81.01 dollars in the Chamber of Commerce of New York (NYMEX). On the technical side, the black gold is depreciated 1%, following a downward correction in the commodities market. For the next few hours, investors await the results of API oil inventories to build up positions. If the results exceed expectations, the black gold could make a turn and consolidated over the levels recorded hours earlier, at 81.55 dollars.

Levels and key trends:
EUR / USD (euro / dollar): Yesterday the euro was unable auparse until 1.37, which has led the pair to 1.36 in the morning that has managed to overcome along the 200-day Moving Averages an hour. The key may be to have pierced the 1.3580 line, possibly by sliding the pair until 1.35, finding some support at 1.3552/29. Upward, watching the daily chart, from which came in February at minimum, show a strong rebound upward pattern, which must be taken into account when going to the 1.35 area. An alternative scenario is to beat the best of last week located in the 1.3736 that could bring an aggressive move to the 38.2 fibo located in 1.3872.Sin But for today, we expect that the pair move enters the annual minimum and 1.38 as a continuation of the consolidation period.

USD / JPY (dollar / yen): The pair attempted to new highs yesterday without success, prompting the pair to lose 90 yen per dollar. After not withstand 89.93, opened a possibility of going up to 89,376. That yes, the road has found support at the 89,734, which if exceeded will meet with 89,484. In case of closing the daily candle in these environments, leaving a new twist on standard graph paper that would seek to break the 61.8 fibo 88,235 located in the. The Bull, the environments where these moments has slowed in line with the 38.2 fibo, drawn from the 88,145 to 90,692, which could lead the pair to recover again in 90 with the maximum target yesterday. If you continue making new lows intraday, the area corresponding to fibo 50 is bullish rebound potential.
GBP / USD (pound against the dollar): The dollar has become a day to gain ground, after bringing to fruition a pullback on 1.52. During the morning in Europe is losing the 1.5, leaving the main objective of 1.4852. By the way, has a number of supports are well marked as 1.4940 and 1.4888. The trend observed in figures is down, and may have already begun to make a new wave, exceeding the minimum of 1 March. Higher, recovering 1.50 could leave an option of searching for the 1.5028 support, very interesting last week. In addition, operators have the pound 1.4852 in the last option to try to turn the price rebound potential bullish zone.

XAU / USD (ounce of gold against the dollar): The price of Gold has begun a downward movement that has as its primary objective the $ 1118 per ounce but it seems that there are strong positions because the price does not pass under the same . In the event that the price exceeds the target level ciated total stands at $ 1105. Only if this is passed the first level could be hard to think he can attain the total level, but should remove the big positions that go back to $ 1105. An alternative scenario might be the price for immediate resistance, but that line is located within walking distance but can not be that there is a reversal of the price to go climbing levels and go looking for upper bounds
Opportunities of the day:

EUR / GBP (Euro against the pound): The euro is near its goal is to break the barrier of 0.91. It is the main resistance that will find the euro. It is also a potential area bassist rebound as we can see from the first day of March. The key to have a day the price will lose bassist 0.9068, which take you to intraday lows. Higher, if higher than 0.91, it could push up to 0915. It is interesting to note the upward channel in 15 minutes. Finally, at 10:45 CET candle has a pattern of rotation. In the daily chart shows the importance of 0915 as overcoming the maximum break in November and December.
GBP / JPY (pound against the yen): The pair has met strong resistance in the environments of 50 to keep looking fibo new lows as seen in the daily chart. It is possible that the crossing is beginning to make a new wave bass. This is central to exceed the minimum of 1 March, where operators try to turn the pound price. In graph 15 minutes you can draw a short channel that is working perfectly. Should continue to respect, you could find a fix before continuing the downtrend. This will be the opportunity for guideline sterling short break, leading it to make a move.