Market review for 02.04.12: The negative Euro-zone news’ release pressured the Euro currency.

Forex Metal Daily Newsletter Send to a Friend |  Visit our website |  Unsubscribe Tuesday, 03 Apr 2012 Daily review for 02.04, 2012  The negative Euro-zone news' release pressured the Euro currency.   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.   ___________________________________________________________________    TECHNICAL ANALYSIS for 03.04, 2012   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     Useful Links Discuss currency news with other traders in FX2Day forum: https://fx2day.net/forum/mvnforum/index Download free demo platform: https://forex-metal.com/home/download Ready to open a real account to start trading? You can do it here: https://forex-metal.com/accounts/new Did you know that you can earn commission simply for referring a friend to us? There are 3 commission options you can choose from. To learn more please visit our Introducing Brokers page: https://forex-metal.com/broker_inquiries/new Watch our new commercial at YouTube: http://www.youtube.com/watch?v=o0fQEydv-3M Open Account |  Economic Calendar |  PIP Value Calculator |  Forex for Beginners   Forex Metal T: 1-866-464-0944 F: 1-800-689-8298 E: info@forex-metal.com You are receiving this e-mail because you have subscribed to free daily FX news via Forex-Metal.com website. If you do not want to receive any e-mail messages from us please send a message to support@forex-metal.com with UNSUBSCRIBE in the subject line. Please do not reply to this newsletter.