Market review for 04.04.12: The ECB left its interest rate unchanged at 1.00%.

Forex Metal Daily Newsletter Send to a Friend |  Visit our website |  Unsubscribe  Thursday, 05 Apr 2012 Daily review for 04.04, 2012   The ECB left its interest rate unchanged at 1.00%.   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.     ___________________________________________________________________    TECHNICAL ANALYSIS for 05.04, 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 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               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.