Opening Forex: Wait for the report of U.S. jobs

1261979547In the first hour we see is that there is relative calm while waiting for the day's key events that will be the meeting in Berlin between German Chancellor Angela Merkel and Greek Prime Minister George and afternoon publication in the U.S. the February employment report.

In relation to the main crossings of the FOREX market note that the Euro, Pound hardly move against the dollar but if progress against the Yen. The 'Commodity Currencies' as the Aussie and Kiwi progress as the Nordics.
Regarding the meeting in Berlin between German and Greek leaders expected that after she would reveal the final plan of the European Union to support the country Hellene. Yesterday we

watched as Greece was pushing to go to the IMF if its European Union partners denied financial assistance on a clear negotiating ploy. For its part, the Germans still do not budge to the granting of financial assistance to the Greeks. Something that is banned in the EU Treaties but which can be solved through bilateral aid. However, the Greeks are most in need of this help from its EU partners to prevent further problems of funding (others talk openly of bankruptcy) because over the coming months to refinance debt in the amount of 22,000 million euros.

The other quote of the day the afternoon when we made known the key figures of the February employment report in the U.S. (14:30 Spanish time). It expects the unemployment rate increased one tenth to +9.8% from 9.7% the previous month and destroyed 40,000 jobs. The job losses could have been accelerated in February by very adverse weather conditions which limited production in many U.S. companies.

Main foreign exchange market crosses:
The Euro-Dollar strength was issued yesterday following the publication by the afternoon of bad economic data in the U.S. For once, Trichet was not the scapegoat of the fall of the stock and Euro. The crossing went to a session low at 1.3551 and thus corrected the two candles upside of the last two sessions. In any case, it behaved extremely volatile over recent weeks. High but volatile macro embedded in a range between 1.34 and 1.38. To the extent that solve the problems of Greece seems less likely that it can pierce the 1.3400 level through which the 61.8% Fibonacci retracement.

The Euro-Yen moves in the range between the resistance of 121.83 and the support of 120.030. He seems to be drawing a triangular shape continuity observed trend quite well on the daily chart.

The Euro-Swiss franc is in the range between the lateral support of 1.4619 and 1.4683 resistance.

The Euro-Pound despite yesterday's correction remains within the range between the resistance of 0.9103 and the 0.9018 support. Just yesterday, is supported at this point and then bounced. Since Thursday last week drilled upward principal bassist guideline presents an excellent technical side. Now is consolidating levels pending events.

The Pound-Dollar also restated yesterday the upward momentum of the last two sessions but is still trading above 1.50. While this level should not lose lateral move. His first major support is at 1.4977 and its first resistance at 1.5136.

The Dollar-Yen keeps rising profile after yesterday's meeting that showed strong afternoon after U.S. macro data. Today, it has slowed in an intraday high at 89.445, to the gates of the resistance of 89.500. Would drawing a picture of bullish flag with clear implications for the upcoming session.

The Kiwi-Yen recovers positions and gives a good signal to rise above the intraday high of yesterday's session at 61.63. One explanation for the recent fall of the Kiwi would be a tactic of relative value, long Aussie, Kiwi short after the recent positive events in Australia.

The Aussie-Yen also rebounded strongly yesterday to a session high of 80.555 on Thursday after going to an intraday low at 79.195. Today is going up in 80.620. We must be alert to possible perforation of the resistance of 80.830.

In the oil market, we see the back Brent important positions after yesterday's gains provided by the relative weakness of the dollar. It remains near the top of the lateral range of between $ 80-90. The first significant resistance from the West Texas goes through highs in January at $ 84. To close above this point at some time in the coming weeks could bet on a continuation of rising to the top of the bullish channel, now at $ 90.

At present, the future of Brent April 2010 yields a -0.40% to $ 78.94 from $ 78.65 for our closing yesterday. For its part, the future of West Texas loses one of the same maturity -0.51% to $ 80.46 from $ 80.22 yesterday's close.

The ounce of gold and silver ounce recoil after large gains from yesterday that brought them to a recent peak in the $ 1,145.00 and the $ 17.360 respectively.

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