Standard & Poor’s reduced the credit rating of Portugal and Greece.
Asian and European trading sessions:
Euro: The EUR/USD pair reached the $1.4149 maximum on Tuesday morning, being supported by the statement of the head of ECB, Jean-Claude Trichet.
Following decrease of the euro was also a result of the decision of Standard & Poor’s to reduce credit ratings of Portugal and Greece. Rating of Portugal was decreased to BBB-. Rating of Greece was reduced to BB-.
US Dollar: The speech of James Bullard supported the greenback, and the trading dynamics changed. The President of the St. Louis FRS commented today that normalization of monetary policy would be one of the top priorities this year. Expectations for the strong US employment release this week supported the American dollar as well.
British Pound: Following the decrease of the euro, the sterling dropped to $1.5941 level against the US dollar.
Japanese Yen: The USD/JPY pair managed to strengthen to Y82.24 mark. The drop of the yen was also a result of the decreased demand for the save-heaven assets.
Oil: After a temporary reduction on Tuesday, the oil prices grew to the $104.42 mark per barrel.
American trading session:
Euro: By the end of the trading day the euro managed to grow and the EUR/USD pair reached the $1.41 level.
British Pound: Sterling rehabilitated as well and the GBP/USD reached the $1.60 range.
https://forex-metal.com/news_posts
Technical analysis for 30/03
EURUSD
The pair is declining. Support maybe met at 1.39600.
Resistance: 1.41780, 1.42996, 1.44400
Support: 1.40690, 1.39600, 1.38554
GBPUSD
The pair is declining and support maybe met at Moving Average (200) 1.58543.
Resistance: 1.60322, 1.62050, 1.64636
Support: 1.58543, 1.56722, 1.54842
USDCHF
The pair tried to break 0.92026. After the second testing this level maybe broken, then the pair will try to reach 0.93069.
Resistance: 0.92026, 0.93069, 0.93949
Support: 0.91079, 0.89635, 0.88417
USDJPY
The pair is trying to rise to Moving Average (200) at 83.573.
Resistance: 83.065, 83.933, 84.866
Support: 82.219, 81.399, 80.438
AUDUSD
The pair has broken 1.01744 and risen to 1.02705. The pair may return to 1.01744 before continue rising.
Resistance: 1.02705, 1.03535, 1.04407
Support: 1.01744, 1.00907, 1.00067
https://forex-metal.com/news_posts
Asian and European trading sessions:
Euro: The EUR/USD pair reached the $1.4149 maximum on Tuesday morning, being supported by the statement of the head of ECB, Jean-Claude Trichet.
Following decrease of the euro was also a result of the decision of Standard & Poor’s to reduce credit ratings of Portugal and Greece. Rating of Portugal was decreased to BBB-. Rating of Greece was reduced to BB-.
US Dollar: The speech of James Bullard supported the greenback, and the trading dynamics changed. The President of the St. Louis FRS commented today that normalization of monetary policy would be one of the top priorities this year. Expectations for the strong US employment release this week supported the American dollar as well.
British Pound: Following the decrease of the euro, the sterling dropped to $1.5941 level against the US dollar.
Japanese Yen: The USD/JPY pair managed to strengthen to Y82.24 mark. The drop of the yen was also a result of the decreased demand for the save-heaven assets.
Oil: After a temporary reduction on Tuesday, the oil prices grew to the $104.42 mark per barrel.
American trading session:
Euro: By the end of the trading day the euro managed to grow and the EUR/USD pair reached the $1.41 level.
British Pound: Sterling rehabilitated as well and the GBP/USD reached the $1.60 range.
https://forex-metal.com/news_posts
Technical analysis for 30/03
EURUSD
The pair is declining. Support maybe met at 1.39600.
Resistance: 1.41780, 1.42996, 1.44400
Support: 1.40690, 1.39600, 1.38554
GBPUSD
The pair is declining and support maybe met at Moving Average (200) 1.58543.
Resistance: 1.60322, 1.62050, 1.64636
Support: 1.58543, 1.56722, 1.54842
USDCHF
The pair tried to break 0.92026. After the second testing this level maybe broken, then the pair will try to reach 0.93069.
Resistance: 0.92026, 0.93069, 0.93949
Support: 0.91079, 0.89635, 0.88417
USDJPY
The pair is trying to rise to Moving Average (200) at 83.573.
Resistance: 83.065, 83.933, 84.866
Support: 82.219, 81.399, 80.438
AUDUSD
The pair has broken 1.01744 and risen to 1.02705. The pair may return to 1.01744 before continue rising.
Resistance: 1.02705, 1.03535, 1.04407
Support: 1.01744, 1.00907, 1.00067
https://forex-metal.com/news_posts