http://www.forex-metal.com/news_post Forex-Metal.com news post 1203 EURUSD The pair is worked out Triple Top and declined to 1.26897. Resistance: 1.28630, 1.30277, 1.31674 Support: 1.26897, 1.25690, 1.23907 GBPUSD The pair has broken 1.60322 and aiming to 1.58543. Resistance: 1.60322, 1.62050, 1.63316 Support: 1.58543, 1.56722, 1.54842 USDCHF The pair is aiming to 0.95074. Resistance: 0.95074, 0.96220, 0.97427 Support: 0.93949, 0.93069, 0.92026 USDJPY The pair is trading between two Moving Averages (100 and 200). If the pair breaks 79.707 the pair will decline to 79.070. If the pair breaks 80.438 the pair will rise to 81.399. Resistance: 80.438, 81.399, 82.219 Support: 79.707, 79.070, 77.539 AUDUSD The pair has tested Fibonacci 23% 0.98733 and rolling back to 1.00067. Resistance: 1.00067, 1.00907, 1.01744 Support: 0.99207, 0.98436, 0.97423 1202 Asian and European trading sessions: Euro: The Euro reached its lowest level in four months falling slightly below the $ 1.2700 level on the background of announcement of the early elections in Greece, which will be held on June 17. The fact that the Greek politicians could not use the last chance to form a government made an early parliamentary election inevitable. The big intraday push down to the EUR/USD’s today’s lows at 1.2688 level occurred due to the information that the ECB has stopped cash transactions with some Greek banks. U.S. Dollar: The dollar continued its rally against major currencies against the backdrop of the continuing decline of Asian stocks. Also, the market participants expected today's publication of the protocol of the last meeting of the FOMC which was held on April 24-25. British Pound: The Pound declined at the Asian session against its major competitors. The GBP / USD pair continued yesterday's fall. The reason that pound fell during the European session was the publication of the report of the Bank of England on the situation with inflation in the country in the first quarter of the 2012. The British Central Bank lowered forecasts for economic growth in the country and raised its forecast for inflation thus increased market participants' expectations regarding the continuation of the Bank of England policy of quantitative easing. The GBP / USD pair fell sharply during the report announcement even breaking the $1.5900 level and recording the low of today at $ 1.5890 mark. Later the couple was able to bounce to the area of $ 1.5950. Japanese Yen: The yen continued its decline against the dollar after the published report on Machine orders The results showed that in March on monthly basis the volume of orders fell to -2.8 % after rising 2.8% at the previous month. The USD / JPY pair rose above yesterday's highs to the region of $80.53. American trading session: Euro: The fall of the euro against the dollar was limited due to the technical factors. During the session the EUR/USD couple bounced from the important $1.2700 level and strengthened to the $1.2757 region which was a high of today. Gold: The Gold prices also bounced back from a 10- month lows and strengthened to the line of resistance of 8 May the 1552.5 level. A number of technical signals indicated the possibility of early correction in gold prices. The region of $ 1520 per troy ounce, the strong level of support in the area of lows of September and December 2011 has not yet broken. The cost of the June gold futures on the COMEX today closed this day at $ 1542.90 per troy ounce. Oil: Oil fell to its lowest level in six months of $91.8 on the previous trading session. However, due to the technical oversold the Oil futures did continue moving lower and pull back sharply to the level of $94.01.The pressure that oil prices came under was due to the report from the Energy Department, which reported that oil inventories rose last week to 2.128 million barrels. The cost of the June futures WTI on the NYMEX closed this day at $ 92.8 a barrel. 1201 Euro: The second day of meeting of finance ministers of Euro zone which held in Brussels for resolving the situation in region did not bring any result. The Euro continued trading near a four-month low against the dollar on the background on fears that the Greece will have to leave out the Euro union due to the fact that the new government could not be still formed. The EUR / USD pair was trading between $ 1.2814 -$ 1.2865 at the Asian session. Some support for the currency today was provided by the stronger than expected Germany’s GDP report, which on the quarterly basis increased by 0.5 % in the first quarter of 2012. The forecast of analysts was of growing by only 0.1%. According to preliminary data, the GDP of the euro zone as a whole was 0, 0% against the average of forecasts -0, 2%. The report was also better than expected. The EUR / USD couple showed the high of the day in the area at $ 1.2869, but couldn’t sustain and fell below the $1.28 level to the region of $ 1.2770 during the European trading session. U.S. Dollar: The dollar remained trading at highs against most major currencies due to the strong demand for the currency with safe haven status as well as in anticipation of tomorrow's publication of the minutes of the last meeting of the US Federal Reserve. British Pound: The GBP / USD pair traded between $ 1.6085 -$ 1.6115 during the Asian session. At the next following session the pair fell into the region of $ 1.6018 on the backdrop of publication the report on trade balance deficit which was up in March at 8.6 billion pounds compared with an expected 8.4 billion pounds. Japanese Yen: The USD / JPY pair traded in a narrow range of Y79.80-Y79.92 at the Asian session. During the next following session the couple strengthened to the region of Y80, 05 due to the strong demand for American currency. American trading session: U.S. Dollar: Gold: The fact that the Gold has a strong demand of Asian countries – Indonesia, India, and Thailand for the jewelry industry the decline in gold prices was limited. However, the gold remained under pressure on the background of the continued concerns about the political situation in Greece. The cost of the June Gold futures on the COMEX fell today to $ 1541.8 per troy ounce. Oil: The Oil futures tried to bounce after the big drop of previous days on the background of American economy statistical data which revealed that the index of activity in manufacturing sector of the New York City region grew stronger than expected in May. Indeed, the activity of the manufacturing sector in the region rose to 17.1 this month from 6.6 in April and exceeded analysts' average forecast, which implied growth of only 9. The cost of the June futures of WTI was kept in the range of $ 93.98 - $ 95.42 per barrel earlier; however, fell steeply during the session to the new lows of $93.00. 1200 Asian and European trading sessions: Euro: The EUR / USD pair continued to update the monthly minimums. The couple fell by the end of the European session to new lows of 1.2826 areas, to its lowest level for the past three months. The investors had more and more concerns seeing a growing risk of new elections in Greece in June because the new government could not be still formed as well as a possible situation where the Greece would have to leave out the Euro zone union. The others factors were also pressured the euro today. The results of auctions on government bonds of Spain and Italy recorded a growth of profitability. Indeed, the Italy raised 5.25 billion Euros with targeted 3.50-5.25 billion Euros and the average yield of bonds maturing in 2015 rose to the level of 3.91% from 3.89% for a similar previous release. Second negative factor was the result of published report on Industrial production in the euro area, which recorded stronger than the predicted decline in -2.2 % versus forecasted -1.4%. U.S. Dollar: The Dollar was in demand today on fears that the global economic recovery may be slower than expected as well as on transferring assets by investors towards safe haven currencies. The dollar Index continued climbing today strengthening to the 80.85 region. British Pound: The GBP / USD pair after trading between $ 1.6049 -$ 1.6081 levels had a big intraday push towards $1.6120area. Japanese Yen: The USD / JPY couple raised toY80.17 area at the Asian session but after reaching this area got hammered and fell to a minimum of previous week Y79.67 zone in early European session. Australian dollar: The news that the People's Bank of China has reduced the reserve requirement for commercial banks by 50 basis points had a negative impact on the currency pushing it down the equal level with US dollar. All news which comes from China may dramatically influence the Australian currency trading dynamics due to the fact that the China is the largest trading partner of Australia. Also, the Australian dollar fell on the reducing investors’ appetite for higher-yielding currencies. American trading session: British Pound: The pound rose against traded currencies as investors looked for alternatives for the Euro currency. Also, the support for the currency was provided by the result of recent meeting of the Bank of England, which confirmed that the authorities will unchanged the course of monetary policy and continuation of the program of asset purchases. Gold: The price of the June Gold futures fell on COMEX today to $ 1556.0 per troy ounce as investors transferred funds to the dollar on fears of aggravating the situation in Europe. Oil: The cost of the June futures of WTI type of oil fell to $ 93.68 per barrel, the lowest price level since the middle of December 2011. The Oil dropped amid statements of oil minister of Saudi Arabia, which said that Oil prices should fall further. 1199 EURUSD The pair is working out Triple Top. The end of the figure maybe expected at 1.26897 if the pair stay below 1.28630. Resistance: 1.30277, 1.31674, 1.33143 Support: 1.28630, 1.26897, 1.25690 GBPUSD The pair stays below 1.62050, if the pair stays below this level the pair will decline to 1.60322. Resistance: 1.62050, 1.63316, 1.64636 Support: 1.60322, 1.58543, 1.56722 USDCHF The pair has broken triangle’s upper line and broken Moving Average (500) at 0.92842, but left unclosed gap at 0.91835. Resistance: 0.93949, 0.95074, 0.96220 Support: 0.93069, 0.92026, 0.91079 USDJPY The pair is trading between two Moving Averages (100 and 200). If the pair breaks 79.707 the pair will decline to 79.070. Resistance: 80.438, 81.399, 82.219 Support: 79.707, 79.070, 77.539 AUDUSD The pair has declined to 0.99403 lower is a strong support at Fibonacci 23% 0.98733. Resistance: 1.00067, 1.00907, 1.01744 Support: 0.99207, 0.98436, 0.97423 1198 Asian and European trading sessions: Euro: After the EUR / USD pair had corrected to the level of $1.2967 on the Asian session, the new sellers came in and pushed down the couple back to towards the lows of previous day bellow the $1.2930 area. The Euro is still under pressure due to the fact that the Greek authorities are not the able to form a coalition. The rest of the day the pair traded in a range of $ 1.2924- $1.2979. U.S. Dollar: The dollar fell against most major currencies amid falling demand for safe haven currencies. The Dollar index tested the level of 80.10 many times during the sessions. British Pound: The GBP / USD pair couple was traded in the narrow range of $ 1.6120-50 in the Asian session. The pound was in focus today due to the meeting of the Committee on Monetary Policy Bank of England regarding the interest rate in the country. Accordingly to the announcement of the Bank of England the interest rate was kept unchanged at the rate of 0.50% and the quantitative easing program of asset purchasing remained at the same level of 325 billion pounds. The GBP / USD pair showed some weakness moving firstly to the lows of $ 1.6090 but then big strength growing in the area of $ 1.6177 in a 1 hour time period. Japanese Yen: After a board member of the Bank of Japan Mr. Sayuri Shirai noticed in his speech that the Central Bank must carefully monitor the exchange rates the yen weakened against the major traded currencies. The USD / JPY couple after trading in the range of Y79.59- Y79.76 moved to the highs of Y79, 98. Australian dollar: The unemployment rate in Australia unexpectedly declined in April to the 12- month low and recorded 4.9 % against 5.2% the previous month and forecasted 5.3 % as it was reported by the Bureau of Statistics today in Sydney. This is the lowest rate since December 2008.As the result, the Australian dollar rose on these positive news. The increase on the 15,500 in the number of new work positions created had also a positive impact on the Australian currency trading dynamics. The big disappointment though for the currency was the report on China’s export which showed that the volume of exports to the country in April grew by only 4.9%, with forecasted growth of 9.1 %. American trading session: Gold: The price of gold continued to decline in early today on fears of investors for the aggravation of the debt crisis in the euro area. The cost of the June gold futures on the COMEX fell today to $ 1584.0 per troy ounce yet was able to rose to $ 1603.2 The weak physical demand for the precious metal despite the decrease in the value of precious metals was pressuring the gold prices today as well. Oil: Oil rose to $ 97.69 for the first time in seven days. The report on amount of people unemployed in US showed some decrease and added optimism to investors in the hope that the demand in the world's largest consumer of raw materials will increase. The cost of the June WTI on the NYMEX today fell back to lows of yesterday by the end of the session to the level of $ 96.45 per barrel. 1197 EURUSD The pair has reached neckline of Triple Top and if stays below 1.30277 the pair will workout the figure, the end maybe expected at 1.26897, after breaking 1.28630. Resistance: 1.30277, 1.31674, 1.33143 Support: 1.28630, 1.26897, 1.25690 GBPUSD The pair stays below 1.62050, if the pair stays below this level the pair will decline to 1.60322. Resistance: 1.62050, 1.63316, 1.64636 Support: 1.60322, 1.58543, 1.56722 USDCHF The pair has broken triangle’s upper line and reached Moving Average (500) at 0.92842, but left unclosed gap at 0.91835. Resistance: 0.93069, 0.93949, 0.95074 Support: 0.92026, 0.91079, 0.89635 USDJPY The pair is aiming to break Moving Average (200) 79.707,this may lead pair to 79.070. Resistance: 80.438, 81.399, 82.219 Support: 79.707, 79.070, 77.539 AUDUSD The pair has reached the median line at 1.00907. If the pair stays above 1.00907 the pair will rise to 1.01744. Resistance: 1.01744, 1.02558, 1.03535 Support: 1.00907, 1.00067, 0.99207 1196 Asian and European trading sessions: Euro: The Euro continued falling on fears of investors regarding the political situation in Greece where the political parties still could not manage how to form a new government. The fears also were based on increasing the probability that the country can reject the cost-saving measures or even leave the euro zone. The EUR / USD pair traded slightly higher at the Asian session, however, dropped steeply at the beginning of the European session to new lows of $ 1.2930 area U.S. Dollar: On the backdrop of increasing demand for safe-haven assets due to the fears based on probability the dollar raised against most major currencies. The Dollar Index recorded a new high today, the 80.39 level. British Pound: The GBP / USD pair declined to new lows of $1.6097 at the beginning of the European trading session. The reason why the pound was falling against its competitors was the anticipation of tomorrow's meeting of the Bank of England. The recent disappointed report on UK’s GDP might raise the expectations of market participants on further measures of the Bank of England of stimulating the British economy. The GBP / USD pair continued its downtrend to new lows of $ 1.6065. Japanese Yen: The Yen was in demand today on fears that the global economic recovery may be slow than expected. The USD / JPY pair fell towards yesterday’s lows at the Asian session and continued its downtrend on European session breaking the support at Y79.60 level and falling to the area of Y79. 41 Australian dollar: The Australian dollar fell again, now because the information which the country's Prime Minister, Ms. Julia Gillard revealed to the publicity today saying that, “if the country's budget will be in profit again, it will give the central bank “maximum space " to change the level of interest rates. American trading session: Canadian Dollar: On the backdrop of falling Oil prices, due to a six-day decline and a record level of growth of amount of Oil in the U.S. inventories, the Canadian dollar fell to a three-month low against the U.S dollar. Gold: The cost of the June gold futures on the COMEX fell today by 0.83 % to $ 1578.67per troy ounce on the backdrop of investor’s escaping from risky assets. The Gold continued its three-day decline against the strong the dollar. On the American session the Gold prices showed some strength pulling back to the lows of previous day, the region of $1596 per troy ounce. Oil: The US Department of Energy reported that the amount of Oil contains in inventories grew by 3.65 million barrels to 379.5 million barrels, which hit a maximum level since August 1990, its highest level in nearly 22 years. The cost of June futures on U.S. light crude oil WTI fell by almost 2% on the NYMEX to the level of $ 95.21 at the beginning of the session yet later was able to recover to the region of 96.87 per barrel. 1195 Asian and European trading sessions: Euro: The EUR/USD pair traded lower at the Asian and European sessions. It was on the way to test the lows of the previous day. All these were on the background of the background of news which came from Athens revealing the fact that the new government of Greece could not be still formed. Also after the French President Nicolas Sarkozy, a partner and supporter of German Chancellor Angela Merkel was defeated at the election by the socialist Francois Hollande the rumors came to the markets about the possible revising of economy measures in Europe. These rumors increased investors’ concerns about the worsening of the situation with the debt crisis in Euro zone. What was done is a very diverse parliament was formed, which will not be able to reach a compromise in the formation of the government. The only positive news that prevented currency from falling to new lows today was a report on industrial production in Germany, the results of which recorded a growth in March and were significantly higher than forecasts. The EUR/USD couple showed a low of the European session around $1.2982 level. British Pound: The GBP / USD couple traded down in the Asian and declined to $1.6154 area. The currency came under pressure mostly for same reasons as the Euro. The GBP / USD pair accelerated its move at the beginning of the European session falling to the lows of $1.6124. Japanese Yen: Against the background of growing of Asian markets the demand for the yen was limited. The USD / JPY pair during the Asian trading firstly grew to the highs of Y80.05 than steeply fell under the pivot point to the lows of Y79.81. Australian dollar: One more negative day for the Australian dollar which weakened again against its competitors on the news of growing the trade deficit in the country's to a five-year maximum. Analysts expected the figure will be -1.40B, however the official data showed that Australia 's trade balance changed more than expected and went up from -0.75B (last month) to -1.59B. American trading session: British Pound: The reaction of the pound fell against the dollar after a report showed that UK house prices fell in April was falling to the lows of previous session of $1.6124.The index fell to - 19 from - 11 in March, which was announced by the Royal Institution of Chartered Surveyors. The values below zero means that the more analysts expect lowering the prices rather than their increasing. Gold: While the dollar was strengthening and the market traded on news of political situation in Europe the Gold prices were falling. The Gold fell today by 2.65% below support which was at the $1.611 area. The cost of the June gold futures on the COMEX today fell to $ 1595.4 per troy ounce close to the lows of 2012 year. Oil: The Oil dropped today on the background of the speech of the minister of Saudi Arabia who mentioned the high oil prices and the weakening of the euro against the dollar after the election results in Greece and France. The cost of the June WTI’s futures on the NYMEX fell to $ 95.48 per barrel today. 1194 EURUSD The pair has reached neckline of Triple Top and if stays below 1.30277 the pair will workout the figure, the end maybe expected at 1.26897, after breaking 1.28630. Resistance: 1.30277, 1.31674, 1.33143 Support: 1.28630, 1.26897, 1.25690 GBPUSD The pair stays below 1.62050, if the pair stays below this level the pair will decline to 1.60322. Resistance: 1.62050, 1.63316, 1.64636 Support: 1.60322, 1.58543, 1.56722 USDCHF The pair has broken triangle’s upper line but left unclosed gap at 0.91835. Resistance: 0.93069, 0.93949, 0.95074 Support: 0.92026, 0.91079, 0.89635 USDJPY The pair is trading between two Moving Averages (100 and 200) 80.438 and 79.707. If the pair breaks 79.707 the pair will decline to 79.070. Resistance: 80.438, 81.399, 82.219 Support: 79.707, 79.070, 77.539 AUDUSD The pair has reached the median line at 1.00907. Resistance: 1.01744, 1.02558, 1.03535 Support: 1.00907, 1.00067, 0.99207 1193 EURUSD The pair has reached neckline of Triple Top and if stays below this level may workout the figure, the end maybe expected at 1.26897, after breaking 1.28630. Resistance: 1.31674, 1.33143, 1.34882 Support: 1.30277, 1.28630, 1.26897 GBPUSD The pair stays below 1.62050 trading below this level may bring pair to decline to 1.60322. Resistance: 1.62050, 1.63316, 1.64636 Support: 1.60322, 1.58543, 1.56722 USDCHF The pair has broken triangle’s upper line but left unclosed gap at 0.91835. Resistance: 0.93069, 0.93949, 0.95074 Support: 0.92026, 0.91079, 0.89635 USDJPY The pair is trading between two Moving Averages (100 and 200) 80.438 and 79.707. Resistance: 80.438, 81.399, 82.219 Support: 79.707, 79.070, 77.539 AUDUSD The pair is aiming to the median line at 1.00907. Resistance: 1.01744, 1.02558, 1.03535 Support: 1.00907, 1.00067, 0.99207 1192 Asian and European trading sessions: Euro: The Euro was driven by the political news today. It fell steeply on the early morning sessions below the $1.30.The currency fell today on the result of elections in France. Today France got a new president, Mr. Francois Hollande. The loss of previous president, Mr. Nicolas Sarkozy had negative impact for the Euro. The single currency fell against the US dollar to the three months lows, the region of $1.2956, showing the biggest drop since September 2011. During the European session, the euro compensated some of its losses against its main competitors strengthening against the dollar to the region of $1.3059. The report on industrial orders in Germany, which on the monthly basis in March was significantly better than expected provide positive support for the currency trading dynamics . British Pound: The Britain's financial markets were closed today in connections with May’s Bank holidays. The GBP / USD pair traded lower in the Asian pair continuing Friday's decline yet was able to recover and strengthen to the maximums at $ 1.6194 on the backdrop of weakening the dollar at the European trading session. Australian dollar: Despite of the positive macroeconomic statistics, which recorded a growth in retail sales in March on monthly basis by 0.9% after a revised 0.3% gain of the previous month, the Australian dollar continued its strong fall also today. The number of Building Approvals grew by 7.4 percent in March, after falling in February by 8.8 percent and triggered some players to take profit on their short positions taken on this currency a week ago. American trading session: Euro: The speech of the representative of the Government of Germany, who noted that the relationship between German Chancellor, Ms.Angela Merkel and the new President of France, Mr. Francois Hollande will be kept and developed successfully, supported the euro during all session. The EUR / USD couple grew to the region of $1.3064. Gold: The Gold traded down on Monday on election’s results of France. Moreover, the investors still have concerns about the implementation of existing programs and budget savings procedures in Greece. The cost of the June gold futures on the COMEX fell today to $ 1632 however were able to recover to the region of $ 1640.6 per troy ounce later. Oil: Oil continued its strong downtrend falling to the lowest level of $96.45 on the election’s results in France. However, at the American trading session the black gold showed some strength and by the end of the day the WTI futures were traded around $98 area. 1191 Asian and European trading sessions: Euro: The EUR / USD pair was trading between $ 1.3136 -$ 1.3158.during the Asian session. The Euro was still under pressure in anticipation of today's meeting of the European Central Bank, where the ECB president, Mr.Mario Draghi should have been talked of further measures to stimulate the economy and announced the decision of the Bank regarding the interest rate of Euro zone. The decision of the ECB was keeping the interest rate at 1.00 % which matched analysts’ forecasts. The reaction of euro’s trading dynamics on this news was rising to a session’s high against the dollar, the region of $1.3175 area. However, on fact that Mr. Draghi had not signaled on a possible easing of monetary policy in his speech, the EUR / USD couple did not go higher than this level. U.S. Dollar: The US dollar strengthened against most of its major competitors against the increased demand for currencies with safe haven status. Japanese Yen: The USD / JPY pair recovered after yesterday's fall during the Asian trading session. The USD / JPY couple tested a high of Y80, 54 by the end of the European session. New Zealand dollar: The New Zealand dollar suffered a big loss today trading down against other major currencies. The kiwi came under pressure due to the disappointed Unemployment report. The result of the report showed that in the first quarter of 2012 the rate jumped to 6.7% versus forecasted 6.2. The news reinforced expectations that the interest rate of the country would be kept unchanged for a longer period of time American trading session: New Zealand dollar: The New Zealand dollar fell even more during the American session reaching the level of $ 0.7986 on the backdrop of increasing the unemployment in New Zealand. That time the market participants took short position on the currency on speculations the New Zealand's central bank would be forced to lower the interest rate at its next meeting. Japanese Yen: The USD / JPY pair dollar retreated from daily highs to lows of Y80.15 against the report on ISM Non-Manufacturing Composite index of the U.S. service sector which fell in April to 4 -month low of 53.5 from previous 56 and was weaker than analysts’ forecasts of 55.3. Gold: The decision of European Central Bank on interest rates also influenced the trading dynamics of the Gold. The cost of the June gold futures fell today to $ 1630.7 per troy ounce on the COMEX. Oil: The cost of the June futures of WTI fell to $ 102.65 on the NYMEX per barrel today, suffering the highest intraday sell-off since the beginning of April. The reason for that drop was words of the President of European Central Bank, Mr. Mario Draghi, who noticed that the economic prospects of the euro area became “increasingly uncertain ". 1190 We are happy to introduce Fx Edge ECN (Electronic Communication Network) forex accounts. With ECN accounts, our clients have direct access to the foreign exchange market with real market quotes from several liquidity providers. 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To open an ECN account, please visit https://forex-metal.com/accounts/new 1189 Asian and European trading sessions: Euro: The EUR/USD couple traded in a range of $1.3209-$1.3241 at Asian trading session. The demand for the euro was limited ahead of the publication of PMI data today. Also, the market participants were expected that the outcome of tomorrow's meeting of the European Central Bank in Barcelona would be the keeping the benchmark interest rate at a record low 1 % level. The published reports on indices of business and industrial sectors’ activity in Germany, France, and the Euro zone as a whole, which were worse than expected, pressured the Euro currency during the European trading session. The Euro fell steeply down against almost all major currencies. The EUR / USD pair declined to $ 1.3132 area. US Dollar: The U.S. dollar was in demand today after the yesterday’s publication of ISM manufacturing data, which was better than expected. The results of report weakened the strong expectations for possible Q3 program of the U.S. Federal Reserve. British Pound: The GBP/USD pair copied the trading dynamics of the EUR / USD pair. It traded in a narrow range of $1.6218-$1.6235 at the Asian session than fell to lows of $1.6159 when the European session started. Japanese Yen: The yen fell against almost all its competitors after the senior vice president of Moody’s rating agency, Mr. Tom Byrne warned about the possible consequences of increasing taxes in Japan, which were proposed by the Minister of Japan, Mr. Ozawa. The USD / JPY couple strengthened during the Asian session to Y80.60 area yet fell later to the lows of the day at Y80.05 area. American trading session: Euro: On the background of publication of the reports on the European production which showed a reduction and rising unemployment rate in Germany, the EUR / USD pair continued its decline falling to the $ 1.3132 area. In details, the Euro-Zone Unemployment Rate in March in monthly terms increased by 0.1 percentage points and reached a new record - 10.9 %. US Dollar: Also the greenback got hammered at the American trading session by the weak results on US economy’s performance. The ADP Employment Change report showed that the number of jobs in private companies in the USA in April rose by only 119K compared with 201K in March. The result was worse than analysts' forecasts who predicted this value at 170K. However, the Factory Orders in March decreased by 1.5% versus forecasted reduction of 1.6% thus provided some support for the currency. Gold: The June’s futures of Gold decreased today to $ 1645.97 per troy ounce on the backdrop of published statistics on an index of business activity in the industry sectors of the euro area in April, as well as on report on unemployment rate in the Euro region in March. Oil: The Oil prices fell after the U.S. Department of Energy reported that amount of Crude Oil contains in US inventories rose to 2.840 million barrels, its highest level in more than 21 years. The cost of June’s futures of WTI type of Oil fell to $ 104.90 per barrel on the NYMEX today. 1188 EURUSD If the pair stays below 1.31674 the pair will decline to 1.30277. Resistance: 1.31674, 1.33143, 1.34882 Support: 1.30277, 1.28630, 1.26897 GBPUSD The pair has nearly touched 1.63316 and rolling back to 1.62050. If 1.62050 is broken the pair will decline to 1.60322. Resistance: 1.63316, 1.64636, 1.65706 Support: 1.62050, 1.60322, 1.58543 USDCHF The pair has drawn five lines inside the triangle. The pair couldn’t break the lower triangle line and is aiming to upper line at 0.91819. Resistance: 0.92026, 0.93069, 0.93949 Support: 0.91079, 0.89635, 0.88418 USDJPY The pair is trading between two Moving Averages (100 and 200) 80.438 and 79.707. Resistance: 80.438, 81.399, 82.219 Support: 79.707, 79.070, 77.539 AUDUSD The pair is trading in the range between Moving Averages (100 and 500) 1.04407 and 1.02558. If the pair breaks 1.02558 the pair will decline to 1.01744. Resistance: 1.03535, 1.04407, 1.05332 Support: 1.02558, 1.01744, 1,00907 1187 EURUSD The pair has risen to the Moving Average (100) at 1.32148. If the pair stays above this level the pair will rise to 1.33143. If the pair stays below 1.31674 the pair will decline to 1.30277. Resistance: 1.33143, 1.34882, 1.35984 Support: 1.31674, 1.30277, 1.28630 GBPUSD The pair has nearly touched 1.63316 and rolling back to 1.62050. If 1.62050 is broken the pair will decline to 1.60322. Resistance: 1.63316, 1.64636, 1.65706 Support: 1.62050, 1.60322, 1.58543 USDCHF The pair has drawn five lines inside the triangle. The pair is testing the lower line of the triangle at 0.90670. If this level is broken the pair may decline to 0.89635. Resistance: 0.91079, 0.92026, 0.93069 Support: 0.89635, 0.88418, 0.87214 USDJPY The pair has reached the Moving Average (100) at 80.438. If the pair breaks this level the pair will rise to 81.399. Resistance: 80.438, 81.399, 82.219 Support: 79.707, 79.070, 77.539 AUDUSD The pair is trading in the range between Moving Averages (100 and 500) 1.04407 and 1.02558. If the pair breaks 1.02558 the pair will decline to 1.01744. Resistance: 1.04407, 1.05332, 1.06164 Support: 1.03535, 1.02558, 1.01744 1186 EURUSD The pair has risen to the Moving Average (100) at 1.32148. If the pair stays above this level the pair will rise to 1.33143. Resistance: 1.33143, 1.34882, 1.35984 Support: 1.31674, 1.30277, 1.28630 GBPUSD The pair has nearly touched 1.63316 and rolling back to 1.62050. If 1.62050 is broken the pair will decline to 1.60322. Resistance: 1.63316, 1.64636, 1.65706 Support: 1.62050, 1.60322, 1.58543 USDCHF The pair has drawn five lines inside the triangle. The pair is testing the lower line of the triangle at 0.90670. If this level is broken the pair may decline to 0.89635. Resistance: 0.91079, 0.92026, 0.93069 Support: 0.89635, 0.88418, 0.87214 USDJPY The pair has declined to the Moving Average (200) at 79.707. If the pair breaks this level the pair will decline to 79.070. Resistance: 80.438, 81.399, 82.219 Support: 79.707, 79.070, 77.539 AUDUSD The pair is trading in the range between Moving Averages (100 and 500) 1.04407 and 1.02558. If the pair breaks 1.02558 the pair will decline to 1.01744. Resistance: 1.04407, 1.05332, 1.06164 Support: 1.03535, 1.02558, 1.01744 1185 EURUSD The pair has risen to the Moving Average (100). If this level is broken the pair will rise to 1.33572. Resistance: 1.33143, 1.34882, 1.35984 Support: 1.31674, 1.30277, 1.28630 GBPUSD The pair has broken 1.60322 and aiming to 1.62050. Resistance: 1.62050, 1.63316, 1.64636 Support: 1.60322, 1.58543, 1.56722 USDCHF The pair is trading in the Triangle. Figure’s resistance is 0.92181, support is 0.90498. Resistance: 0.91079, 0.92026, 0.93069 Support: 0.89635, 0.88418, 0.87214 USDJPY The pair has tested the Moving Average (500) at 81.399 and may roll back to 80.438. Resistance: 81.399, 82.219, 83.065 Support: 80.438, 79.707, 79.070 AUDUSD The pair is trading in the range between Moving Averages (100 and 500) 1.04407 and 1.02558. If the pair breaks 1.02558 the pair will decline to 1.01744. Resistance: 1.03535, 1.04407, 1.05332 Support: 1.02558, 1.01744, 1.00907 1184 Asian and European trading sessions: Euro: During the Asian session the EUR / USD pair traded in a very narrow flat range between $ 1.3145 -$ 1.3158 levels . The couple grew at the beginning of the European session and showed the maxima at the $ 1.3183 area However, the Euro’s growth was limited by the block of economic statistics for the euro area, which did not match the forecasts. Also today, the published by Eurostat report on industrial production in the euro area in February recorded decline of the rate to 1.3% in monthly basis expectations of growth to 1.4 %.The EUR / USD pair dropped into the region of $ 1.3154 which, stepping back, provided the substantial support for the couple. US Dollar: The dollar came under pressure due to the positive dynamics of European stock markets. There were also positive expectations of Consumer Confidence and New Home Sales reports which were going to be published today at the American session. British Pound: The GBP / USD pair traded pretty much the same as EUR/ USD pair at the Asian session in a very narrow range between $ 1.6105 -$ 1.6128. The Public Sector Net borrowing repot, the result of which in March was higher than expected had a positive impact on the Pound trading dynamics. The GBP / USD pair showed maximum at the $ 1.6157 area. Japanese Yen: Onthe backdrop of political problems in Europe the yen rose against all 16 major trded currencies. There investors purchase safe heaven assets today such as the yen due to the political uncertainty in Europe. Indeed, the Japan's currency rose even against the dollar ahead of a planned speech of the Prime Minister of the Netherlands Mark Rutte in the parliament. However, the direction of trading dynamics changed on speculations about the coming Friday’s meeting of the Bank of Japan, which may decide to further easing of its monetary policy. The USD / JPY pair pulled back sharply from session low of Y80.85 and strengthened to the highs Y81, 27. Later, the course fell slightly. Australian dollar: Australian currency weakened again today at the Asian session against all its major competitors after the publication of CPI report, which showed that in the first quarter of 2012 the consumer prices have risen by only 1.6 percent versus forecasted 2.2%. The currency was able to recover all its losses, however, at the European session. American trading session: Euro: The euro strengthened against most major currencies against the backdrop of good results of the auctions of government bonds of Italy, Spain, and Netherlands, which reduced the number of the concerns of investors about the worsening debt crisis in the Euro region. The EUR/USD pair recorded the session high at the $1.3217 area. Oil: The Oil prices received support from a weaker dollar. The cost of the June futures on WTI type of Oil jumped to 104.10 dollars per barrel level after hitting the lows of102.89 dollars per barrel, on NYMEX. Gold: May futures of Gold rose today to $ 1648.95 per troy ounce. The Gold prices today were supported by weakening of the US currency as well as the rumors and speculations of the outcome of the FOMC meeting which started also today. The low interest rates, which the Federal Reserve is going to keep, are favorable for Gold prices. 1183 EURUSD The pair has drawn Double Top. If the pair breaks the figure’s neckline 1.30277 the pair will decline first to 1.28630. Resistance: 1.31674, 1.33143, 1.34882 Support: 1.30277, 1.28630, 1.26897 GBPUSD The pair has broken 1.60322 and aiming to 1.62050. Resistance: 1.62050, 1.63316, 1.64636 Support: 1.60322, 1.58543, 1.56722 USDCHF The pair is trading in the Triangle. Figure’s resistance is 0.92181, support is 0.90498. Resistance: 0.92026, 0.93069, 0.93949 Support: 0.91079, 0.89635, 0.88418 USDJPY The pair has tested the Moving Average (500) at 81.399 and may roll back to 80.438. Resistance: 81.399, 82.219, 83.065 Support: 80.438, 79.707, 79.070 AUDUSD The pair is trading in the range between Moving Averages (100 and 500) 1.04407 and 1.02558. If the pair breaks 1.02558 the pair will decline to 1.01744. Resistance: 1.03535, 1.04407, 1.05332 Support: 1.02558, 1.01744, 1.00907 1182 Asian and European trading sessions: The Euro slightly declined against the dollar during the European session on the background of weak reports on of business activity in the industrial and service sectors in France, Germany and the Eurozone as a whole. All results of the reports except for the French index of business activity manufacturing sector did not meet the expectations of the analysts. In details, the German index of business activity in the service sector recorded the value of 52.1 in April versus forecasted 52.4, the index of business activity manufacturing sector of Eurozone showed 47.7 values versus forecasted 48.2.The EUR / USD pair accelerated its down towards the ebd of the session falling to the area of $1.3118. US Dollar: regarding monetary policy, the dollar became more expensive relative to major traded currencies supporting the idea that the Federal Reserve would not take any steps for stimulation the economy in the future. The meeting will be held on this week, April 24-25. British Pound: The GBP / USD pair traded lower today and fell into the region of the $ 1.6070 where it finally found the support. Japanese Yen: The yen rose against the background of the political events in France and the Eurozone bond’s auction which were leading the direction of the market today. More and more investors tried to avoid the risk today transferring their actives to safe heaven currencies. The USD / JPY during the both sessions had a strong down trend and by the end of the European session dropped into the area of Y80.96. Australian dollar: The Australian dollar fell against all 16 major currencies after the Producer Price Index for Australia declined by 0.3% in 1Q of the 2012 in QoQ basis compared with the forecasted grow by 0.4% and previous quarter, when growth was 0.3% American trading session: US Dollar: The report from HSBC on the index of business activity in the manufacturing sector in China came out even higher than the previous values (49.1 vs. 48.3) triggered the demand for the dollar. The reason for that kind of reaction was the fact that the result of the report still remained below the 50 points value. Oil: The Oil prices suffered the big sell off after the release of data on the reduction of production in China and the euro area. The cost of the June futures of WTI today was falling in a moment to 101.63 dollars per barrel on the NYMEX. Gold: The Gold prices on Monday on the background of the strengthening of the dollar against most world currencies declined into the area of $ 1624.4 per troy ounce. However, the metal’s prices were able to recover in a sharp pull back almost covering the losses of this day. 1181 EURUSD The pair has drawn Double Top. If the pair breaks the figure’s neckline 1.30277 the pair will decline first to 1.28630. Resistance: 1.31674, 1.33143, 1.34882 Support: 1.30277, 1.28630, 1.26897 GBPUSD The pair has broken 1.60322 and aiming to 1.62050. Resistance: 1.60322, 1.62050, 1.63316 Support: 1.58543, 1.56722, 1.54842 USDCHF The pair is trading in the Triangle. Figure’s resistance is 0.92181, support is 0.90498. Resistance: 0.92026, 0.93069, 0.93949 Support: 0.91079, 0.89635, 0.88418 USDJPY The pair has tested the Moving Average (500) at 81.399 and rolling back to 80.438. Resistance: 81.399, 82.219, 83.065 Support: 80.438, 79.707, 79.070 AUDUSD The pair is trading in the range between Moving Averages (100 and 500) 1.04407 and 1.02558. If the pair breaks 1.02558 the pair will decline to 1.01744. Resistance: 1.03535, 1.04407, 1.05332 Support: 1.02558, 1.01744, 1.00907 1180 Asian and European trading sessions: Euro: The EUR / USD pair traded in a narrow range between $1.3110 and $1.3130 levels during the Asian trading session. On the European session, the euro fell against of its competitors amid the information which revealed that the Greek government postponed the plan of recapitalization of the Greek Banks. The published forecasts that showed that the German’s economy would demonstrate an increase by 0.9% versus with previous 0.8% for this year could not prevent the Euro currency of falling down. The EUR / USD pair fell to the area of $1.3072.Today’s results of auctions had better than expected outcome; the Spain attracted 2,541 euros with the planned 1.5-2.5 billion euros, the France placed 7,973 billion euros versus 7-8 billion euros planned. However, these results had no positive impact on the currency’s trading dynamics, yet provided some support at the $1.3070 level for the EUR / USD couple. British Pound: The British currency traded flat today two times bouncing from $1.610-$1.6020 area for the GBP/USD pair. The currency was supported by the yesterday’s good reports on the protocols of last meeting of the Bank of England which was dedicated to monetary policy and showed that the likelihood of further stimulating the economy decreased. Also, the support for the British pound had a report of labor market, which recorded better than expected results; the Claimant Count rate in March fell to 4.9 % from 5.0% and the unemployment rate of February dropped to 8.3 % from 8.4 %. Japanese Yen: The USD / JPY couple rose into the region of Y81, 72 on the statements of the Bank of Japan's representatives who mentioned the Bank’s readiness to change its monetary policy for maintaining the economic growth. However, the publication of the report on trade deficit for the last month provided support for the Yen. The trade deficit in March recorded the value of 82.6 billion yen compared with 29.4 billion yen in the previous month. The pair pulled back to the level of Y81.4. American trading session: US Dollar: The U.S. dollar’s trading dynamics were dependable on the published today reports. Thus, the Exciting Home sales declined in March by 2.6 % to 4.48 million and were significantly worse than the forecasts of analysts, who projected growth in sales to 4.6 million. The Initial Job Claims also showed an increase and were up to 386,000 versus economy experts’ predictions of decrease by14, 000. It was a quite volatility session for the greenback. Oil: May’s futures of WTI kept the range 101.63 - 103.19 dollars per barrel on the NYMEX today. Gold: May futures on the COMEX for gold today rose to $ 1653.3 per troy ounce. The demand for the physical Gold is still weak. The main consumers of this precious metal - India and China are not showing their interest, this fact is keeping the gold investors in waiting position. As for the technical prospects, the price of gold remains strong as it did not exceed the level recorded at the beginning of the year. 1179 EURUSD The pair has drawn Double Top. If the pair breaks the figure’s neckline 1.30277 the pair will decline first to 1.28630. Resistance: 1.31674, 1.33143, 1.34882 Support: 1.30277, 1.28630, 1.26897 GBPUSD The pair has risen to 1.60322. Resistance: 1.60322, 1.62050, 1.63316 Support: 1.58543, 1.56722, 1.54842 USDCHF The pair is aiming to 0.92026. Resistance: 0.92026, 0.93069, 0.93949 Support: 0.91079, 0.89635, 0.88418 USDJPY The pair is testing the Moving Average (500) at 81.399. Once this level is broken the pair will rise to 82.219. Resistance: 81.399, 82.219, 83.065 Support: 80.438, 79.707, 79.070 AUDUSD The pair is trading in the range between Moving Averages (100 and 500) 1.04407 and 1.02558. Resistance: 1.04407, 1.05332, 1.06164 Support: 1.03535, 1.02558, 1.01744 1178 Asian and European trading sessions: US Dollar: The demand for the U.S. dollar was limited today amid published yesterday information which was provided by the International Monetary Fund that raised its forecast for global economic growth. The forecast was raised to 3.5 percent compared previous presented in January 2012 which predicted that the world economic growth in 2012 will be 3.3 percent. Also, the forecast of 2013 was raised from 4.0 to 4.1 percent. British Pound: Before the publication of the bunch of macroeconomic statistics and, the GBP / USD pair was traded in a narrow range between $ 1.5916 -$ 1.5941 levels. The published statistics provided substantial support to the pound’s trading dynamics. In details, the result as a the protocol of last meeting of the Bank of England which was dedicated to monetary policy showed that the likelihood of further stimulating the economy has decreased ly. Also, the support for the British pound had a report of labor market, which suddenly recorded better than expected results, the Claimant Count rate in March fell to 4.9 % from 5%, 0% and the unemployment rate of February dropped to 8.3 % from 8.4 %. The GBP / USD reacted positively rocketing into the region of $ 1.5990 where it remained traded and consolidated for the next move towards $ 1.6000 level. Japanese Yen: The USD / JPY rose during the Asian trading pair rose to Y81.42 on the background of growing Asian stock markets in anticipation of the publication of data on the labor market in the U.S. The pair continued its uptrend through the European session s well moving to the level of Y81, 50. American trading session: Euro: The reason that Euro fell against its competitors was the increase of the Spanish and Italian governments’ bonds yields. Thus, the yield of 10- year bond of Spain went to 5.87% against the previous 5.71% and the yield of 10 -year bonds of Italy to 5.52% against of earlier 5.40%. Moreover the pressure on the Euro currency had the fact that Italy’s economy growth, the forecasts of which were revised today, showed the growth in 2012 will decrease by 1.2% against the previous estimate of -0.5%. As for 2013 year forecasts, the economic growth might be increased by 0.5 % against the previous forecast of 0.3 %. Oil: The Oil prices declined today after the publication of report of the U.S. Department of Energy on U.S. Crude Oil Inventories according to which the increase of amount of this raw material in inventories jumped for more than two times higher than expected. May futures of WTI fell to 102.26 dollars per barrel on NYMEX. Gold: The Gold futures on the COMEX fell today to $ 1637.71 per ounce towards the lows of the previous day. 1177 EURUSD The pair has drawn Double Top. If the pair breaks the figure’s neckline 1.30277 the pair will decline first to 1.28630. Resistance: 1.31674, 1.33143, 1.34882 Support: 1.30277, 1.28630, 1.26897 GBPUSD The pair is trading below Moving Average (500). If the pair stays below 1.58543 the pair will decline to 1.56722. Resistance: 1.60322, 1.62050, 1.63316 Support: 1.58543, 1.56722, 1.54842 USDCHF The pair has reached 0.92026 and rolling back to 0.91079. Resistance: 0.92026, 0.93069, 0.93949 Support: 0.91079, 0.89635, 0.88418 USDJPY The pair is testing the Moving Average (500) at 81.399. Once this level is broken the pair will rise to 82.219. Resistance: 81.399, 82.219, 83.065 Support: 80.438, 79.707, 79.070 AUDUSD The pair is trading in the range between Moving Averages (100 and 500) 1.04407 and 1.02558. Resistance: 1.04407, 1.05332, 1.06164 Support: 1.03535, 1.02558, 1.01744 1176 Asian and European trading sessions: Euro: At the Asian session the Euro recorded its daily low against the U.S. dollar by testing a pivot line at the region of $1.3090. The euro fell against most major currencies of the 16 amid the worries about the future situation of sovereign debt in Spain. The European session showed an opposite, positive trading dynamics of the Euro currency on the backdrop of the results of the auction of the Spanish government bonds and supportive macroeconomic data which came from reports on Euro zone economic issues . As a result of the auction, Spain attracted 3.18 billion euros with the targeted 2-3 billion euros. The report on CPI index of Euro Zone showed an increase adding 0.01% to 1.6% versus forecasted values of 1.5% in March on YoY basis. Also, the Survey conducted by ZEW institute for the Euro zone’s economy expectation recorded an improvement reaching13.1 value. As the result the EUR/USD couple strengthened to $1.3172 area. British Pound: The Pound grew today on positive result of the annual CPI index which showed that the UK inflation rose for the first time since September 2011. In March, inflation accelerated for the first time in UK over the past six months rising by 3.5% against 3.4 % in February on YoY basis beating the forecasts of economists who had expected it at 3.4%. The GBP/USD pair grew to $1.5966 area. Australian dollar: The Australian dollar suffered a sell off during the Asian trading session continuing its three-day decline against the U.S amid the statements of the Reserve Bank of Australia which mentioned a slowdown in inflation in the country. However, on rising demand for risky assets and recovering of Worlds Stock markets the currency was able to pull back sharply and by the end of European session jumped higher than the high of the previous day. American trading session: Japanese Yen: The yen fell against all 16 most traded currencies amid rising demand for risky assets and recovering of Worlds Stock markets after their three day decline. The USD/ JPY pair went to test the level of Y80.74 at end of European session. Canadian Dollar: The Bank of Canada on today's meeting decided to keep the interest rate unchanged at 1%, however, mentioning that the rate could be increased in the future as inflation and the Canadian economy has the potential to exceed the forecasts. The Canadian Dollar showed maximum growth in four months against the dollar sharply strengthening to the level of $0.9866 within 2 hours move. Oil: May futures of U.S. light crude oil, WTI rose today to 105.04 dollars per barrel on the NYMEX. Gold: The May’s Gold futures grew today to $ 1656.95 per troy ounce at COMEX after the sudden intraday drop to $ 1634.50 area, the S2 level where the buyers used the opportunity to get into the trade thus provided support for the asset’s prices. 1175 Asian and European trading sessions: Euro: Today’s Euro’s trading dynamics were depended on the results of auctions of the Spanish and German governments bonds. Against the background of rising concerns of possible further spread of the debt crisis in Europe, with the center in Spain, the 10-year Spanish government bonds’ yield exceeded 6.15% for the first time since December 2011. The EUR / USD pair traded lower at the Asian trading session continuing Friday's decline. At the European session the couple showed a low below the level of $ 1.3000, its monthly low against the dollar in spite of decline of German bonds yield that reached a new record low of 1.632%.The information that provided some support for the Euro today was last Saturday’s news on China’s decision on extension the trading range for the Yuan against the U.S. dollar. The purpose of this action was to help the Chinese’s economy to accelerate its modernization, which is a necessary step towards the internationalization of the Yuan. The EUR / USD pair after recording its daily low at $ 1.2995 pulled back to the region of $ 1.3085. Swiss Franc: The traders tested today the strength of level of 1.20 of EUR / CHF pair, which was designated by the Swiss National Bank as for limitation the growth of the Swiss currency. The demand for the safe haven currencies like Swiss Franc increased today on the backdrop of negative situation on the market due to the worries of a continuation of the debt crisis in Europe. Australian dollar: On the background of falling Asian stock markets the Australian dollar continued its two-day down trend falling against its major competitors. American trading session: US Dollar: The dollar fell against major currencies on the American trading session. The pressure on the currency had a Friday’s report of University of Michigan which presented that the index of consumer sentiment in the U.S. in April unexpectedly fell to 75.7 points from 76.2 points in March versus the analysts’ expectation of growth to 76.5 points. In addition, manufacturing activity in the New York region slowed to 5-month low, due to a sharp slowdown in sales (6.56 vs. prev. 18) and reducing the number of outstanding orders. The decision of China of widening the trading range for the Yuan against the U.S. dollar 0.5% to 1% with respect to exchange rate which was previously set by the regulator for increasing flexibility of RMB exchange rate pressured the U.S. dollar trading dynamics. Oil: The oil futures fell on the background of meeting of the six international mediators, where they agreed a new round of negotiations with Tehran about Iran's nuclear program scheduling it on May 23. The WTI’s May futures dropped to 101.79 dollars per barrel on the NYMEX. Gold: May futures on the COMEX gold fell today to $ 1641.2 per troy ounce on the weak trading volume, the daily average of which was only 61 percent compared with the daily volume in March. 1174 EURUSD The pair has drawn Double Top. If the pair breaks the figure’s neckline 1.30277 the pair will decline first to 1.28630. Resistance: 1.31674, 1.33143, 1.34882 Support: 1.30277, 1.28630, 1.26897 GBPUSD The pair is trading below Moving Average (500). If the pair stays below 1.58543 the pair will decline to 1.56722. Resistance: 1.60322, 1.62050, 1.63316 Support: 1.58543, 1.56722, 1.54842 USDCHF The pair has reached 0.92026 and rolling back to 0.91079. Resistance: 0.92026, 0.93069, 0.93949 Support: 0.91079, 0.89635, 0.88418 USDJPY The pair has reached support level at 80.438. Moving Average (100) supports pair at this level. If the pair breaks 80.438 the pair will decline to 79.707. Resistance: 81.399, 82.219, 83.065 Support: 80.438, 79.707, 79.070 AUDUSD The pair is aiming to the Moving Average (500) at 1.02558. Resistance: 1.03535, 1.04407, 1.05332 Support: 1.02558, 1.01744, 1.00907 1173 Asian and European trading sessions: Euro: Today’s Euro’s trading dynamics were depended on the results of auctions of the Spanish and German governments bonds. Against the background of rising concerns of possible further spread of the debt crisis in Europe, with the center in Spain, the 10-year Spanish government bonds’ yield exceeded 6.15% for the first time since December 2011. The EUR / USD pair traded lower at the Asian trading session continuing Friday's decline. At the European session the couple showed a low below the level of $ 1.3000, its monthly low against the dollar in spite of decline of German bonds yield that reached a new record low of 1.632%.The information that provided some support for the Euro today was last Saturday’s news on China’s decision on extension the trading range for the Yuan against the U.S. dollar. The purpose of this action was to help the Chinese’s economy to accelerate its modernization, which is a necessary step towards the internationalization of the Yuan. The EUR / USD pair after recording its daily low at $ 1.2995 pulled back to the region of $ 1.3085. Swiss Franc: The traders tested today the strength of level of 1.20 of EUR / CHF pair, which was designated by the Swiss National Bank as for limitation the growth of the Swiss currency. The demand for the safe haven currencies like Swiss Franc increased today on the backdrop of negative situation on the market due to the worries of a continuation of the debt crisis in Europe. Australian dollar: On the background of falling Asian stock markets the Australian dollar continued its two-day down trend falling against its major competitors. American trading session: US Dollar: The dollar fell against major currencies on the American trading session. The pressure on the currency had a Friday’s report of University of Michigan which presented that the index of consumer sentiment in the U.S. in April unexpectedly fell to 75.7 points from 76.2 points in March versus the analysts’ expectation of growth to 76.5 points. In addition, manufacturing activity in the New York region slowed to 5-month low, due to a sharp slowdown in sales (6.56 vs. prev. 18) and reducing the number of outstanding orders. The decision of China of widening the trading range for the Yuan against the U.S. dollar 0.5% to 1% with respect to exchange rate which was previously set by the regulator for increasing flexibility of RMB exchange rate pressured the U.S. dollar trading dynamics. Oil: The oil futures fell on the background of meeting of the six international mediators, where they agreed a new round of negotiations with Tehran about Iran's nuclear program scheduling it on May 23. The WTI’s May futures dropped to 101.79 dollars per barrel on the NYMEX. Gold: May futures on the COMEX gold fell today to $ 1641.2 per troy ounce on the weak trading volume, the daily average of which was only 61 percent compared with the daily volume in March. 1172 Asian and European trading sessions: Euro: The EUR / USD pair traded higher at the Asian session recovering from yesterday lows, waiting the positive result of today's Italian auction of government bonds. Italy planned to place bonds which mature in 2015, 2020 and 2023, respectively. The results of auction were positive and supported the Euro currency, which strengthened against its major competitors. Italy sold its securities for 4.88 billion Euros, which was very close to the maximum target of 5 billion Euros. For the growth of EUR / USD couple also contributed a weak dollar. The pair rose into the region of $ 1.3175 at the European session . US Dollar: The dollar weakened against most major currencies on the background of statements of the deputy chairman of the Federal Reserve, Ms. Janet Yellen in which she supported today’s soft Central bank’s monetary policy. The dollar declined against other major currencies during the European session. The demand for safe heaven currencies today was weak due to the positive trading dynamics on the World’s stock markets. The dollar came under pressure and fell against its competitors. Japanese Yen: The USD / JPY pair traded in a range of Y80.82- Y8.05 during the Asian trading session. The currency was supported today by the words of the head of the Bank of Japan Masaaki Shirakawa, who said that he would continue easing monetary policy. The USD / JPY pair recorded the European session high at the Y81.11 level. Australian dollar: The report of today which was provided by the Australian Statistics Office showed that the number of people employed in Australia increased in a last month to 44K. It was much more than the Economists expected predicting the number of 6500. American trading session: British Pound: The pound fell as a result of published data on the trade balance. The Total trade balance fell in February lower than forecasted partly because of falling car exports in January. The GBP / USD pair slided down into the region of $ 1.5931. US Dollar: The dollar fell against most major currencies after the publication of report on Initial Job claims, which recorded that the number of applications for unemployment benefits of first week of April increased by 13K versus forecasted decrease by 12K. Oil: Oil increased along with a very positive trading dynamics on U.S. stock markets and on the background of speculations that the central bank will stimulate economy’s growth through maintaining easy monetary policy. Also a weak dollar provided support for the Oil prices today. May’s WTI futures rose to 104.23 dollars per barrel on the New York Mercantile Exchange. Gold: Gold prices rose sharply jumped against the backdrop of a weakening dollar due to the publication of weak report on unemployment in the United States. May futures op Gold on the COMEX today raised to $ 1679.80 per troy ounce. 1171 Asian and European trading sessions: Euro: The EUR / USD pair traded near the support level of $1.3066 at the beginning of the Asian trading session. From this point the couples was able to recover and rose to $ 1.3132 and then recorded its daily high near the resistance level of $1.3150 at the European session. Yesterday, ten-year bond yields of Italy, the third largest economy in Europe, rose by 23 basis points, reaching 5.69 percent, its highest level since February 17. This sharp rise in yields triggered market participants’ fears of thinking of new round of crisis in Europe. However, today, support the single currency was provided by a decrease in the yield of Spanish and Italian government bonds. British Pound: The GBP / USD pair again, just like in yesterday’s trading, tried to copy the EUR / USD trading dynamics during both sessions. The couple firstly fell to lows of $1.5850, but later strengthened to the highs of $ 1.5935 at the end of the European trading session. Japanese Yen: The USD / JPY pair recovered after yesterday's fall during the Asian trading pair. The USD / JPY couple tested a high of Y80, 94 for two times. Australian and New Zealand dollar: These currencies rose against their competitors on the backdrop of rising futures indices and increasing demand for risky assets. American trading session: Japanese Yen: Amid speculation that the Bank of Japan is preparing another monetary easing in this month, the yen weakened against almost all of the 16 most traded currencies. British Pound: Today’s report on March Retail Sales in UK showed a growth as it was reported by the British Retail Consortium. In details, the Retail sales grew by 1.3 % on year on year basis. In January and February, a decline of 0.3%.These news provide some support for the British currency and the GBP /USD pair went to test the highs of previous session , the level of $1.5931. Oil: The Oil rose after the U.S. Department of Energy reported a reduction of Gasoline’s inventories. The cost of WTI May futures rose to 103.1 dollars a barrel on the NYMEX. Gold: The Gold prices were stable today after rising for four consecutive trading sessions. The May’s futures of Gold traded in the narrow range of $ 1652.8 - $ 1662.2 per ounce on the COMEX. 1170 EURUSD The pair has declined to 1.30277 and aiming to 1.31674. Resistance: 1.31674, 1.33143, 1.34882 Support: 1.30277, 1.28630, 1.26897 GBPUSD The pair has risen to the Moving Average (500) at 1.59202. Resistance: 1.60322, 1.62050, 1.63316 Support: 1.58543, 1.56722, 1.54842 USDCHF The pair has reached 0.92026 and rolling back to 0.91079. Resistance: 0.92026, 0.93069, 0.93949 Support: 0.91079, 0.89635, 0.88418 USDJPY The pair is aiming to the support level at 80.438. Resistance: 81.399, 82.219, 83.065 Support: 80.438, 79.707, 79.070 AUDUSD The pair tested the Moving Average (500) at 1.02558 and stayed above this level. This may bring pair to 1.04407. Resistance: 1.04407, 1.05332, 1.06164 Support: 1.03535, 1.02558, 1.01744 1169 Asian and European trading sessions: Euro: Euro fell against almost all major currencies during the first half of the European trading session, amid growing fears of a new round of crisis in Europe. The reason for these fears was a growth of government bond’s yields of Spain and Italy. The EUR / USD pair although went to test traded couple yesterday's highs at the $1.3141 level in the Asian session, got hammered from there later and rebounded to the lows of $ 1.3060. US Dollar: After Federal Reserve Chairman Mr. Ben Bernanke said the U.S. economy was far from being complete, the U.S dollar fell against most traded currencies. These statements might suggest that the Fed may increase the economic stimulus measures in a nearest future. Mr. Ben Bernanke in his speech considered that the April 6 report of the Ministry of Labor, which showed that in March, U.S. employers hired 120,000 workers, was still weak and even worse than the most pessimistic forecast British Pound: The GBP / USD pair tried to copy the EUR / USD trading dynamics during both sessions. However, the couple suffered bigger intraday sell-off falling from highs of $1.5930 to lows of $1.5808. Later the couple strengthened to the area of $ 1.5881. Japanese Yen: The Bank Japan left its interest rate unchanged at 0 to 0, 1 percent. It was a good sign for the yen and it rose against all 16 major currencies. The decision of the Bank matched forecasts, however, the financial market still remains expectations that the central bank may try to demonstrate its readiness to fight for achieving recently targeted level of inflation. The USD / JPY pair traded down during both sessions moving lower then yesterday's lows and dropping into an area of Y80, 83. Australian and New Zealand dollar: On the background of the Bank of Japan’s decision of leaving its monetary policy unchanged the Australian and New Zealand dollar dropped against their competitors. The pressure on these currencies trading dynamics was also provided by the negative words of Chinese officials, who said that the global economic situation remains “grim ". American trading session: Japanese Yen: The yen continued its uptrend against the dollar and many other traded currencies amid growing demand for the safe haven assets, which was increased after the Federal Reserve Chairman, Mr. Ben Bernanke said the U.S. recovery was far from being complete. These words supported for the sellers on stock markets as well. Oil: The WTI futures fall today l to 100.65 dollars a barrel on the NYMEX. The price of oil was dropping amid decreasing in China's demand for "black gold" after the publication of weak data on imports to China. Gold: The Gold prices after suffering big sell off to $1631.70 area strengthened against the dollar. The falling of stock and futures markets, publication of data from the U.S. Labor Department last Friday, and the news about the end of the strike of jewelers in India contributed to an increase in gold prices. The Gold futures strengthened above $1660 area in first hours of American trading session. 1168 EURUSD The pair has declined to 1.30277 and aiming to 1.31674. Resistance: 1.31674, 1.33143, 1.34882 Support: 1.30277, 1.28630, 1.26897 GBPUSD The pair rolled back to 1.58543. Resistance: 1.60322, 1.62050, 1.63316 Support: 1.58543, 1.56722, 1.54842 USDCHF The pair has reached 0.92026 and rolling back to 0.91079. Resistance: 0.92026, 0.93069, 0.93949 Support: 0.91079, 0.89635, 0.88418 USDJPY The pair has broken Moving Average (500) 81.399 and declined to 80.572. The pair may return to the Moving Average at 81.399. Resistance: 81.399, 82.219, 83.065 Support: 80.438, 79.707, 79.070 AUDUSD The pair has declined to the Moving Average (500) at 1.02558. Resistance: 1.03535, 1.04407, 1.05332 Support: 1.02558, 1.01744, 1.00907 1167 EURUSD The pair has declined to 1.30277 and aiming to 1.31674. Resistance: 1.31674, 1.33143, 1.34882 Support: 1.30277, 1.28630, 1.26897 GBPUSD The pair is trying to break Moving Average (500) 1.59219, it may bring pair to 1.60322. Resistance: 1.60322, 1.62050, 1.63316 Support: 1.58543, 1.56722, 1.54842 USDCHF The pair has reached 0.92026 and rolling back to 0.91079. Resistance: 0.92026, 0.93069, 0.93949 Support: 0.91079, 0.89635, 0.88418 USDJPY The pair has declined to the Moving Average (500) 81.399 this is a support level for the pair. Resistance: 82.219, 83.065, 83.933 Support: 81.399, 80.438, 79.707 AUDUSD The pair has declined to the Moving Average (500) at 1.02558. Resistance: 1.03535, 1.04407, 1.05332 Support: 1.02558, 1.01744, 1.00907 1166 EURUSD The pair is aiming to 1.31674. If this level is broken the pair will decline to 1.30277. Resistance: 1.33143, 1.34882, 1.35984 Support: 1.31674, 1.30277, 1.28630 GBPUSD The pair has risen to resistance 1.60322 and rolling back to 1.58543. Resistance: 1.60322, 1.62050, 1.63316 Support: 1.58543, 1.56722, 1.54842 USDCHF The pair is aiming to 0.91079. Resistance: 0.92026, 0.93069, 0.93949 Support: 0.91079, 0.89635, 0.88418 USDJPY The pair may try to break 82.219 this will bring pair to 81.399. Resistance: 83.065, 83.933, 84.866 Support: 82.219, 81.399, 80.438 AUDUSD The pair has declined to the Moving Average (500) at 1.02558. Resistance: 1.03535, 1.04407, 1.05332 Support: 1.02558, 1.01744, 1.00907 1165 Asian and European trading sessions: Euro: The Euro dropped down against major currencies amid falling demand on Spanish government bonds and expectations of the speech of the ECB President, Mr. Mario Draghi. The ECB left its interest rate unchanged at 1.00%. EUR / USD: a couple fell into the region of $ 1.3157. There were also reports on manufacturing orders in Germany, which did not support the Euro currency trading dynamics. The news came out worse than expected for February on a monthly basis 0.3% vs. forecasted +1.4. Also the Euro-Zone Retail Sales in February recorded -2.1% vs. forecasted -1.1% British Pound: The trading dynamics of GBP / USD were recorded during the European session. The pair was traded in the area of $ 1.5880 to $1.5909, sluggishly trying to find the support at the $1.5865 level after falling to $1.5832 lows. American trading session: Euro: Suffered a big negative day today dropping into the $1.3107 level against the dollar, to its month low on the backdrop of the failed auction of Spanish bonds. In details, Spain placed bonds worth 2.59 billion Euros with lowest planned target of 3.5 billion Euros. British pound: The support for the pound today was provided by the publications of the report on PMI in the service sector and housing prices. Both of them were positive. Thus, the index of business activity in the services sector in March was 55.3 points, 53.4 points expected and Housing prices recorded 2.2% vs. 0.2% in March in on monthly basis. US Dollar and Japanese Yen: Against the demand for safe assets and falling of stock markets, the yen and the dollar strengthened against all of the most traded currencies. Gold: Gold prices suffered one more negative day today, dropping to January 9th lows of $1612.25 per troy ounce. Oil: Oil continued dropping today amid growing inventories of raw materials and speculation that the Fed of U.S. may not inject any addition portion of money liquidity the U.S. economy. May’s WTI prices fell to 101.06 dollars a barrel on the NYMEX. 1164 Asian and European trading sessions: Euro: The EUR / USD couple rose to $ 1.3355 area at the Asian trading session. On the background of statements of the Spain Finance Minister, Mr. Cristobal Montoro, who noted that "Spain is in a critical situation the EUR / USD couple fell into the region of $ 1.3310. US Dollar: Positive news lowered the demand for safe haven currencies, including the U.S. currency during both sessions. The dollar fell against most major currencies against the backdrop of U.S. economy recovery. British Pound: The GBP / USD pair traded in very narrow range between $ 1.6019 -$ 1.6044 levels at the Asian session. At the European session the couple fell into the region of $ 1.5978. Japanese Yen: The Yen fell against the dollar to Y81.56 level at the beginning of the Asian session, against the backdrop of increasing bearish sentiment on the yen. However, the pair was able to recover to Y82.3 area at the European session. Australian dollar: The Reserve Bank of Australia on today's meeting decided to keep interest rates unchanged at 4.25 percent. The Australian currency reacted negatively on that decision dropping against almost all major traded currencies. American trading session: US Dollar: After the publication of FOMC minutes the dollar rocketed sharply against almost all its competitors. The EUR / USD fell by 0.34% to $1.3213 area. Oil: The Oil prices in NYMEX fell after report, which showed a smaller -than-expected increase in Factory Orders in the U.S, 1.3% vs. 1.5%. May’s WTI futures fell to 103.56 dollars per barrel. Gold: Another nasty spill suffered Gold prices today. After keeping the range of $ 1667.0 - $ 1679.5 per troy ounce, April Gold futures sharply dropped to the level of $1,638 on COMEX, to the level of the March 14 lows. 1163 EURUSD The pair is aiming to 1.31674. If this level is broken the pair will decline to 1.30277. Resistance: 1.33143, 1.34882, 1.35984 Support: 1.31674, 1.30277, 1.28630 GBPUSD The pair has risen to resistance 1.60322 and rolling back to 1.58543. Resistance: 1.60322, 1.62050, 1.63316 Support: 1.58543, 1.56722, 1.54842 USDCHF The pair is trading between 0.91079 and 0.89635. Resistance: 0.91079, 0.92026, 0.93069 Support: 0.89635, 0.88418, 0.87214 USDJPY The pair declined to the Moving Average (500) at 81.399 and rolled back to 83.065. If the pair breaks this level the pair will continue rising and the aim will be at the channel line 83.933. Resistance: 83.065, 83.933, 84.866 Support: 82.219, 81.399, 80.438 AUDUSD The pair may decline to the Moving Average (500) at 1.02558. Resistance: 1.03535, 1.04407, 1.05332 Support: 1.02558, 1.01744, 1.00907 1162 Asian and European trading sessions: Euro: Euro continued its Friday’s rally against the U.S. dollar on the backdrop of announced European governments’ agreement on the increasing EFSF and ESM funds to 800 billion Euros. The EUR / USD tested the level of $1.3378 at the Asian session. The reason why the Euro currency came under pressure against the U.S. dollar on the European session was the publication of report on index of business activity in the productive sectors in France, Germany and the Euro zone as a whole. The index for France (46.7) came out worse compared to forecasted (47.6). The negative data on unemployment, which reached a record high (10.8% versus the forecast and the value for the previous month at 10.7%) also had a pressure on Euro currency trading dynamics. The EUR / USD pair fell to a region of $ 1.3276. British Pound: During the Asian trading the GBP/USD pair declined, dropping below the $1.6000. At the same time, the British Purchasing Managers Index (PMI) rose to a 10-month high of 52.1, thus supporting the pound. The GBP/USD pair showed a maximum at $1.6060, but later retreated. Japanese yen: The yen fell against all major currencies after the publication of a negative report of the Bank of Japan, which showed that business sentiment of the largest companies in the country has not improved. During the Asian trading the USD/JPY pair rose above Y83.00. Later on the USD/JPY pair dropped from the maximums of Y83.30 to the area of Y82.15. Australian dollar: The Australian dollar rose against all major currencies amid signs of improvement in the economy of China, which is the largest trading partner of Australia. Therefore, the Federation of Logistics and the National Bureau of Statistics reported yesterday that China's manufacturing index last month rose to 53.1, which was the highest level since March 2011. American session: Japanese yen: The yen rose against all of the most traded currencies amid concerns about the weakening investments from China after the release of the conflicting reports of the purchasing index managers. Gold: The price of gold was rising against the publication of the report on manufacturing activity in the U.S., the results of which indicated an acceleration of U.S. economy growth. April futures price of gold on COMEX today rose to $ 1682.9 per troy ounce. Oil: May futures on U.S. light crude oil WTI rose to 105.45 dollars a barrel on the NYMEX after falling to 102.06 dollars a barrel, its lowest level since the middle of the February. 1161 EURUSD If the pair stays above 1.33143 the pair will rise to 1.334882. If the pair stays below 1.33143 the pair will decline to 1.31674. Resistance: 1.33143, 1.34882, 1.35984 Support: 1.31674, 1.30277, 1.28630 GBPUSD The pair has risen to resistance 1.60322. Resistance: 1.60322, 1.62050, 1.63316 Support: 1.58543, 1.56722, 1.54842 USDCHF The pair is trading between 0.91079 and 0.89635. Resistance: 0.91079, 0.92026, 0.93069 Support: 0.89635, 0.88418, 0.87214 USDJPY The pair may decline to the Moving Average (500) at 81.399. Resistance: 82.219, 83.065, 83.933 Support: 81.399, 80.438, 79.707 AUDUSD The pair may decline to the Moving Average (500) at 1.02558. Resistance: 1.04407, 1.05332, 1.06164 Support: 1.03535, 1.02558, 1.01744 1160 We are happy to offer a generous commission increase to our active affiliates: 2 pips per lot commission from trading or $100 CPA for each new account. Affiliates are upgraded to VIP status based on their performance. “Affiliates are integral to the success of any online business. We are grateful to our affiliates for their invaluable contribution to our continuous growth and development. We have introduced higher commissions to reward our top-performing Introducing Brokers and we also hope that this reward program will provide a significant incentive for our existing affiliates to maximize their marketing efforts”, says Betty Snyder, Forex-Metal’s Affiliate Manager. With a wide array of advanced and easy-to-use marketing tools (pre-designed website templates, affiliate links, optimized for mobile devices etc.), many commission options to choose from, a second tier commission program, ability to promote each option individually or at the same time, and a personal affiliate manager, assigned to each Introducing Broker, Forex-Metal affiliate program is definitely the best affiliate program to choose. To learn more about our affiliate program, please visit https://forex-metal.com/affiliate_settings/signup 1159 Asian and European trading sessions: Euro: The EUR / USD pair traded in a range of $ 1.3305 -$ 1.3346 at the Asian session. On the backdrop of increasing concerns, which were triggered by the growth yield of Italian and Spanish government bonds, the Euro fell against other major currencies. The situation with the Italian and Spanish government bonds might be a reason for a new round of debt crisis in the Euro region. The EUR / USD couple fell into the region of $ 1.3260, where it found strong support. Even the results of the auction on placement Italy’s government bonds, whose results were better than similar previous ones; in particular, Italy attracted 5.75 billion euros, against the planned volume 4-5,75 billion euros. British Pound: The GBP / USD pair was able to recover from yesterday's fall into the region of $1.5924 at Asian session. However, the new piece of negative statistics pressured the trading dynamics of the pound today. Today, the market players disappointed by the result of the volume of net lending for individuals and approved applications for mortgage loans. Both reports were worse than expected in February. The GBP / USD pair dropped to $ 1.5863 area. Japanese Yen: The yen was strong today amid continuing global downturn in Asian stock markets. Also, the reasons for Japan’s currency growth against the dollar were speculations that Japanese companies will repatriate their profits abroad, until the end of the fiscal year on March 31. The USD / JPY fell to the area of Y82.08 by the end the European trading session. Australian Dollar: The Australian dollar continued its downtrend falling today below 200 Moving average on concerns about slowdown in China’s economy, which will constrain the demand for the Australian export in a future. American trading session: Euro: The euro was pressured by the result of the report on index of Industrial confidence in the region, which unexpectedly fell in March to the -7.2 points. Also, the index of consumer and business confidence in the euro-zone economy (ESI) in March decreased to 94.4 points vs. forecasted 94.5 points. Oil: The WTI oil fell to 102.96 dollars a barrel on the New York Mercantile Exchange, its lowest level in nearly six weeks against the backdrop of falling stock markets and the announcement of the Government of France about the nearest completion of agreement on the " opening " of emergency supplies to contain rising of Oil prices. Gold: April futures price of gold on COMEX fell today to a $1661 per troy ounce recording $ 1644.3 level in intraday trading. 1158 Asian and European trading sessions: Euro: The EUR / USD pair traded in a narrow range between $ 1.3320 -$ 1.3335 at the Asian trading sessions. The expectations of the positive result of the euro zone finance ministers’ meeting on March 30 in Copenhagen where they will discuss the prospects of the temporary association of the European Foundation for financial stability and a permanent mechanism for European stability supported the demand for Euro currency at the European trading session. The EUR / USD pair strengthened in a region of $ 1.3371. British Pound: The Pound came under pressure today due to reaction of market participants to weaker than expected UK’s GDP report. Statistics showed that GDP of the 4th quarter fell by 0.3 % in QoQ term vs. forecasted -0.2% and grew only by 0.5 % in YoY term vs. forecasted 0.7 %. The GBP / USD couple fell into the region of $ 1.5903. Australian and New Zealand dollar: These currencies fell against most major currencies amid decline of Asian stock indices. The Australian exports for China is going to be limited and the main reason for that would be a slowdown in China economy. American trading session: US Dollar: The demand for U.S. Dollar increased on the American trading session. The dollar rose against almost all of the 16 most traded currencies amid fears that the world’s economic growth is slowing. The report on February’s Durable Goods Orders showed worse than expected results rising only by 2.2 % compared with January, when the decline rate was fixed at 3.6% and forecasted value of 3.0% of February. Oil: The report on Crude Oil Inventories in the United States for the week ended March 23 rose by 7.1 million barrels and, therefore, the world oil prices decreased today. May’s WTI futures fell to 104.68 dollars a barrel on NYMEX. Gold: The gold prices steadily decreased on the background of strong dollar. Also, the gold became cheaper today after the statements of the Italian Prime Minister Mario Monti, who mentioned the nearest completion of the European debt crisis, as well as the lack of concerns about the economy’s situation in Spain. The April futures price of gold on COMEX dropped to $ 1667.7 per troy ounce. 1157 EURUSD The pair has nearly touched the Moving Average (200) at 1.34111 and rolling back to 1.31674. Resistance: 1.33143, 1.34882, 1.35984 Support: 1.31674, 1.30277, 1.28630 GBPUSD The pair’s resistance is 1.60322, support 1.58543. Resistance: 1.60322, 1.62050, 1.63316 Support: 1.58543, 1.56722, 1.54842 USDCHF The pair is trading between 0.91079 and 0.89635. Resistance: 0.91079, 0.92026, 0.93069 Support: 0.89635, 0.88418, 0.87214 USDJPY If the pair stays above 83.065 the pair will rise to 83.933. If the pair stays below 83.065 the pair will decline to 82.219. Resistance: 83.065, 83.933, 84.866 Support: 82.219, 81.399, 80.438 AUDUSD If the pair stays below 1.04407 the pair will decline to 1.03535. Resistance: 1.05332, 1.06164, 1.07005 Support: 1.04407, 1.03535, 1.02558 1156 Asian and European trading sessions: Euro: The EUR / USD pair traded today in a narrow range showing its maximum at the $ 1.3383 and minimum at the $1.3326 level. US Dollar: The dollar traded lower today not far from monthly lows against the euro amid speculations that the U.S. Federal Reserve will proceed to the third round of quantitative easing, QE3. The Federal Reserve Chairman Mr. Bernanke in his yesterday speech hinted that the central bank, will keep an adaptive monetary policy as the American economy still needs the financial support for reducing the unemployment rate in the U.S. The greenback declined against almost all traded currencies. However, at the European trading session the U.S. dollar got supported by negative trading stock markets’ dynamics, which increased the demand for U.S. dollar, as for a currency with safe haven status. American trading session: Euro: The euro retreated from daily highs against the dollar due to the negative situation at the stock markets The economics statistics were not supportive today as well; in details, the S & P / Case-Shiller Composite-20 index in January fell by 3.8 % (YoY). Although the value matched the forecasts of analysts, there was recorded the reducing of the indicator recorded for the fifth consecutive month. Also, the Conference Board reported that consumer confidence in the U.S. economy in March dropped to 70.2 points, which was though higher than expectations but much lower from the revised 71.6 points for February. Japanese Yen: The yen fell on rumors after the head of the Bank of Japan, Shirakawa said the importance of the victory over deflation. He stated that for fighting the deflation the Japan will need a strong economy growth and monetary policy support. However, for the stimulation of the economy growth, not only the Central Bank’s liquidity injections might be required. Oil: Oil fell after a representative of the Department of Energy announced that the U.S. can open strategic reserves of oil. May’s WTI oil futures fell to 106.53 dollars a barrel on the New York Mercantile Exchange. Gold: The April futures price of gold rose today rose to $ 1696.93 per troy ounce on the background of growing expectations of keeping low interest rates in the United States as well as of rumors on starting of Q3 program in the nearest future. 1155 EURUSD The pair has nearly touched the Moving Average (200) at 1.34111 and rolling back to 1.31674. Resistance: 1.33143, 1.34882, 1.35984 Support: 1.31674, 1.30277, 1.28630 GBPUSD The pair’s resistance is 1.60322, support 1.58543. Resistance: 1.60322, 1.62050, 1.63316 Support: 1.58543, 1.56722, 1.54842 USDCHF If the pair breaks 0.91079 the pair will rise to 0.92026. Resistance: 0.91079, 0.92026, 0.93069 Support: 0.89635, 0.88418, 0.87214 USDJPY If the pair stays above 83.065 the pair will rise to 83.933. If the pair stays below 83.065 the pair will decline to 82.219. Resistance: 83.065, 83.933, 84.866 Support: 82.219, 81.399, 80.438 AUDUSD If the pair stays below 1.04407 the pair will decline to 1.03535. Resistance: 1.05332, 1.06164, 1.07005 Support: 1.04407, 1.03535, 1.02558 1154 EURUSD The pair is trading between 1.33143 and 1.31674. Resistance: 1.33143, 1.34882, 1.35984 Support: 1.31674, 1.30277, 1.28630 GBPUSD The pair’s resistance is 1.60322, support 1.58543. Resistance: 1.60322, 1.62050, 1.63316 Support: 1.58543, 1.56722, 1.54842 USDCHF The pair has broken 0.91079 and may continue declining to 0.89635. Resistance: 0.91079, 0.92026, 0.93069 Support: 0.89635, 0.88418, 0.87214 USDJPY The pair is trading between 83.065 and 82.219. Resistance: 83.065, 83.933, 84.866 Support: 82.219, 81.399, 80.438 AUDUSD If the pair stays below 1.05332 the pair will return to 1.04407. Resistance: 1.05332, 1.06164, 1.07005 Support: 1.04407, 1.03535, 1.02558