Risk crossings are moving forward in a context where the main global stock are making selective annual maximum. The Euro-dollar moves close to 1.3500 and the Euro-Yen has drilled clavichord line of a figure of hgh. A single currency has been granted, for the moment, pretty well the announcement of a plan of aid to Greece.

In the short term they get on the trend but we must be cautious in so far as possible we continued speculative attacks on other countries in the Euro Zone. The fiscal situation of peripheral economies in Europe remains very worrying.

As for raw materials, we see that the oil is quite strong after a strong rally yesterday's meeting.

At present, the future of Brent May 2010 goes up to $ 81.50 and the future of West Texas the same maturity is going up to $ 82.46.

WTI prices are sustained above the $ 80 and is to be seen if he can turn decisively away from the band of $ 70-80 in which it has moved over the last six months. We believe that data from the March employment report in the U.S. will be the key in this regard.

The ounce of gold takes a breather after yesterday's gains helped the Euro rally, slowed in the $ 1,114.90 which becomes its first resistance monitoring. For its part, the ounce of silver continues to advance and today hit a new recent peak in the $ 17.445.

As sovereign fixed income, we see little movement regarding our previous close. In general we see prices down and pull upward. Today, we have a date in the calendar of issuance in the primary market. From Italy we have an auction of BTP and CCT bonds with a maturity of 3, 7 and 10 years with an estimated drop of 10,000 million euros (1100).

Main foreign exchange market crosses:

The Euro-Dollar resumes the upward trend, reaching a session high at 1.3537. Recall that yesterday was doing the 'pull back' to 1.3435 and was able to move above 1.3500 to a maximum at 1.3506. He gave us a good sign after opening with an upward gap week, is that the rescue plan Greece has done much to reduce uncertainty recently about the single currency.

However, during the crossing last week gave us clear signs of weakness on Wednesday after drilling key support of 1.3435. In addition, managed to overcome the very strong level of 1.3400 that was passed where 61.8% of all Fibonacci retracement from the lows of October 2008 at 1.2330 to the maximum November 2009 of 1.5145. Last Friday marked a new low last year and ten months 1.3268.

Some speak of the current rebound in the main crossing of the forex market would be called dead cat bounce. That is a timely rebound to go back to find the smallest. The fundamentals and the technical support of this thesis. Currency Analysts at Unicredit estimate that EUR-USD should break the 1.3550 level so you can go up to 1.3660.

The Euro-Yen has passed the first three resistors that marchioness and has been a daily maximum at 125.41. Thus passed the clavichord line passing through the 125.24 figure of a potential head-shoulder shoulder invested clear upside potential.

The Euro-Swiss franc is framed in the range between the support of 1.4285 and 1.4358 resistance. Despite the rebound in recent sessions, the technical side of the crossing is still fairly weak after drilling a minimum of October 2008 at 1.4301 and move to a new record low at 1.4232.

The Euro-Libra moves in the range from support of 0.8957 and 0.9026 resistance. The recent volatility hinders operational 'trading'.

The Pound-Dollar keeps the momentum of the previous session and goes up to 1.5049 in the session. These days we said earlier that if the markets moderated the risk aversion that the crossing descartábamos not be out by 1.50. Despite this caution is the extent curbed the crossing last Thursday at a daily minimum at 1.4798 near the annual minimum of 1.4784 it reached in early March. If exceeding the 1.5113 could start talking about a figure of double floor.

The dollar-yen levels continues to consolidate after sharp gains last week in which managed to pierce the guideline bearish medium-term primary was drawing since June 2007. Above, the first resistance is last Thursday's highs in 92.955. After this event we believe you have a clear potential to 95 and 100. However, logic tells us that it should purge gains in recent sessions because of excessive verticality of the climb. Below, the first support is at 92.125.

The Kiwi-Yen continuing the bandwagon for profits and goes up to an intraday high at 65.98. Now their next stop in the bulls are in 66.11 and 66.31. We do not rule that corrects up to 65.00 ahead of the forthcoming meetings.

The Aussie-yen is giving us signs of strength and now reaches a daily maximum at 85.285. Overcoming the resistance of 85.320 following could propel him to the maximum in January at 86.215. Also we believe that sooner rather than later should reverse the recent upward momentum.