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03/04/2012

DATE 03/04/2012 7:30 AM
CURRENCY PAIR CURRENT SPOT SUPPORT 2 SUPPORT 1 RESISTANCE 1 RESISTANCE 2 Bull/Bear STOP PRICE from entry
EURUSD 1.3346 1.325 1.328 1.335 1.338 Bull 60 pips
USDJPY 81.995 81 81.5 82.2 83.3 Bear 40 pips
GBPUSD 1.6033 1.593 1.599 1.606 1.611 Bull 60 pips
EURGBP 0.8325 0.822 0.829 0.833 0.839 Bear 40 pips
GOLD 1678 1640 1665 1685 1692 Neutral 10 USD
SILVER 33.01 32.1 32.6 33.2 33.5 Bull 1 USD
With the second day inside the new quarter we expect the market to be more driven on fundamentals. News from GBP today at 9:30 with the Construction index PMI expected at around 53.6.
Spain Have announced a slight improvement in the jobless claims, the first improvement since May 2011.
Australia kept the interest rate at 4.25%.
Good luck and good trades.
04/04/2012
DATE 04/04/2012 8:00 AM
CURRENCY PAIR CURRENT SPOT SUPPORT 2 SUPPORT 1 RESISTANCE 1 RESISTANCE 2 Bull/Bear STOP PRICE from entry
EURUSD 1.3339 1.315 1.31 1.323 1.328 Bear 60 pips
USDJPY 82.68 82.1 81.8 83 83.3 Bear 40 pips
GBPUSD 1.589 1.585 1.58 1.595 1.6 Bear 60 pips
EURGBP 0.8309 0.83 0.8275 0.8375 0.841 Bear 40 pips
GOLD 1636 1620 1620 1648 1660 Neutral 10 USD
SILVER 32.2 32 31.7 32.7 33.3 Bull 1 USD
After the FOMC minutes we coudl see a strong movement in favour of the USD that should continue today. The attentions come back to Europe and the data as the recession is in the EU and not only in the periphery is showing up.
05/04/2012
DATE 05/04/2012 9:00 AM
CURRENCY PAIR CURRENT SPOT SUPPORT 2 SUPPORT 1 RESISTANCE 1 RESISTANCE 2 Bull/Bear STOP PRICE from entry
EURUSD 1.3146 1.3087 1.311 1.316 1.318 Bear 60 pips
USDJPY 82.24 81.9 82.1 83 83.3 Bear 40 pips
GBPUSD 1.5905 1.583 1.587 1.591 1.593 Bear 60 pips
EURGBP 0.8265 0.822 0.826 0.8275 0.828 Neutral/Bear 40 pips
GOLD 1629 1622 1626 1634 1644 Bull 10 USD
SILVER 31.66 31.6 31.4 31.8 32.2 Bull 1 USD
The Euro is still under pressure but with no direction due to the Easter holiday. Gold is  still trading low due to a strike of gold sales in India and a slow on the demand in Asia. Expect volatility today due to a lack of volume. Stock markets also closed in a low yesterday, once again bringing a prospect of a crisis or a bigger correction in the markets.

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