The demand for risky assets still on the market, increasing the feeling “bullish” between the operators, after the sale of bonds to 7 years Greece has been a success and after the prospects for employment data due on Friday in the United States reflect a recovery in the labor sector. So far, we see how the euro, sterling and the currencies of high interest rate as the Aussie and kiwi benefit of this trend, being higher still, the AUD rally, increasing the prospects of a possible rise in interest rates on 6 April. So far, we have learned that the February industrial production in Japan has been a contraction of 0.9% in China after the Lunar New Year began, weakening exports Nipponese, while in Switzerland, the Index of UBS consumption has exceeded expectations. Despite the above, the most relevant was the Gross Domestic Product (GDP) and annualized quarterly UK. According to the National Statistics Agency, the UK economy registered a contraction of 3.1% annualized rate, when the previous figure was -5.9%, while the quarterly GDP grew 0.4 %.

For the rest of the session, all eyes will be on consumer confidence and the housing price index S & P / Case – Shiller, while in Canada know the prices of industrial production February. Tomorrow Wednesday, the most important are the Gfk consumer confidence from United Kingdom, Japan manufacturing PMI and Building Permits in New Zealand during the evening session, while in Europe, the eyes will be on the rate unemployment in Germany and the Euro Zone CPI. Across the ocean, continuing the battery of macroeconomic data, we will know the Canadian monthly GDP, ADP Employment Change, the Chicago manufacturing PMI, factory orders in February and the weekly petroleum inventories in the U.S..
In stock level, the European selective record highs of 18 months after the surge in mining stocks. However, mindful that an estimated risk that an agency could cut American credit rating of France, after increasing the suspicions of an “excessive deficit” in the economy fiscal gala. Recall that in 2009, France closed with a deficit equivalent to 7.9% of GDP. In Asia, the region selective closed green numbers, while Wall Street U.S. futures predict a profit logon.

With regard to raw materials, crude oil makes fabulous pullback, after registering on the day up in 82.72 dollars. Currently, a barrel of West Texas Oil (WTI) traded at 82.04 dollars, so far depreciated 68 cents, in the House New York Mercantile Exchange (NYMEX). Mindful that in these moments, the pair has just broken up with the double floor located in 82.05, leaving the way open for an attack to target the 81.22 bearish dollars. However, in the case of making a turn upward, resistance to consider is in the 82.45 dollars. For the next few hours, investors are waiting expectantly Inventories API oil in the case of recording a further increase could further weaken the black gold.

Levels and key trends:

EUR / USD (euro / dollar): The pair have met strong resistance on 1.3536 which has led to the Pivot Point is located in the 1.3472 day, the area where the couple could begin to make new highs. The upward target is located in 1357, the maximum last week. A low, one must bear in mind that if you lose the 1.3472, the pair could slip up to 1.34, highlighting the way the minimum and 1.3434 yesterday.

USD / JPY (dollar / yen) last week made a big move upward to break the downtrend in place since June 2007. On Friday endured the support (92,407) more important for closing the candle above the weekly trend. If you continue with the same direction, the first resistance is located in 92.96, the highest last week. If overcome, the pair could help up to the roof of 2010 located in the 93,774. By the way, we must stress the 93,481. Finally we must stress the pullback that could have made par on the short trend during the European morning. A low, said losing the support of 92,407, slip the couple to split the downtrend for the 91,755.

GBP / USD (pound against the dollar): The sterling has managed to return to operating above the 1.5 dollars per pound. Having also drilled 200-day Moving Averages hour, is directed towards 1.5114. Along the way we must stress the fibo 50, drawn from 1.5382 up to 1.48. For the moment seems to have found resistance at the fibo said. Higher, levels exceeded once commented, with the 61.8 fibo resistance will try to endure. A low, Fibonacci levels are interesting areas to see a shift in the pair. Back to 1.50 will lose the target. On daily chart shows a downtrend since the beginning of the year could come into play today.

XAU / USD (ounce of gold against the dollar): The 4-hour chart shows a good overview of the evolution of the yellow metal. At the moment, is in the process of consolidation of $ 1109. If You continue to rise, must overcome the most of yesterday in the first instance, with the goal at the same point yesterday, the $ 1127. It could delay the movement until the $ 1133. The low resistance of 1115 seem quite significant and could send the couple in search of the monthly minimum. However, it will have to overcome 1109/6.2 area, which has worked very well days ago. Finally, add the barrier of 1100.

Opportunities of the day:

USD / CHF (dollar / Swiss franc): The 4 hour chart can be viewed as the pair is in an uptrend and a bassist, which form a triangular figure. That is, could break strongly for either side. If either the low, 1.05 is the objective, the least February. Along the way it should be noted lows from yesterday and today, and later, 1.0545, rebounding potential bullish zone. Upwards, the roof of March will be the target, since it heading towards the annual maximum events in February. However, at short notice to consider levels are 1.0691 and 1.0752.

EUR / JPY (euro against the yen): On the daily chart you can see a figure in a “shoulder, head, shoulder, neck bearing located in 125.2. Therefore, this level will be key to continue seeing an upward movement in the pair. The upward target is located on 130.85, but could slow in the 127, the highest February. A low, traders will short the yen on 125.2, to send the pair to the shoulder of the figure commented located in 121.7. In one hour chart, we must take into account the 124.18 before seeing strong sales could slip the torque to 123, where are located the MM 200 days.