Market review for 03.04.12: After the publication of FOMC minutes the dollar rocketed sharply against almost all its competitors.

Forex Metal Daily Newsletter Send to a Friend |  Visit our website |  Unsubscribe Wednesday, 04 Apr 2012 Daily review for 03.04, 2012   After the publication of FOMC minutes the dollar rocketed sharply against almost all its competitors.     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.   ___________________________________________________________________    TECHNICAL ANALYSIS for 04.04, 2012   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         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.