Chat ao vivoAnálises Diárias de Mercado 10/03/2010
 |
Correlated with lack of datas since the beginning of the week, EurUsd has almost been ranging between 1.3600-1.3700 levels.Markets continue to be dependable on possible good news from Greece.Yesterday, meeting between Papandreou and Obama was held in Washington. Greek PM mostly pointed out that weak Euro will not be beneficial for US economy in terms of a rising trade deficit. Although, the consequences of the sessions was healthful Papandreou administration could not get a concrete result. Never the less, financial reforms were put in action by the Greek Government and new regulation is perceived very positively by the Euro Zone countries. However, Greece continues to be the bleeding wound of the old continent. Today, ECB President Trichet will speak; it is not expected for him to refer the Greek issue. Never the less, the speech can be considered as important headline of today’s schedule. As it was mentioned in the previous market analysis, Trade Balance and Unemployment Claims will be released tomorrow. Trade balance is expected to come out with a level of -40.8B, no sudden changes is foreseen relatively to results of February, results might be influential for the Greenback. As a result, sideways market would be suitable definition for the direction of the pair today.
Contrary to Greenback an important data will be released for the Pound. Unlike the EurUsd, the pair has been floating in a broader interval between 1.5180-1.4950 levels. The pound cannot be isolated from Euro when it is considered as part of the EU. Today, Manufacturing Production m/m will be released. It is foreseen to be released with a level of 0.3% which seems worse relatively to the data of February. Manufacturing level is a main reflection of the current Economic activity of the country. It might be expected for the pair to break 1.4950 levels to downside related to the outcomes of the data.
| Resistance | 1.3660 | 1.3630 | 1.3600 | |
| Support | 1.3570 | 1.3540 | 1.3510 |
Gold hits 2 suggested bearish targets : 1115.00 – 1110.00.
An "A-B-C reversal pattern" is generated on the 1 hour "X-twisted" indicator's chart.
We are located in point "C" and expect a bearish behavior.
Bearish targets : 1115.00 – 1110.00 - 1107.00 – 1102.00 .
Chart #1 - GOLD 1 hour
An "A-B-C reversal pattern" is generated on the 1 hour "X-twisted" indicator's chart.
We are located in point "C" and expect a bearish behavior.
Bearish targets : 1115.00 – 1110.00 - 1107.00 – 1102.00 .
Chart #1 - GOLD 1 hour
 |
A strong support trend line (stretched on the 2-hr "X-twisted" indicator's chart) is bearishly violated.
I expect a bearish market on WTI.
Targets : 80.20 – 79.80 – 79.10 – 78.30 (1 – 5 trading days)
Chart # 2 - WTI 2 hour
I expect a bearish market on WTI.
Targets : 80.20 – 79.80 – 79.10 – 78.30 (1 – 5 trading days)
Chart # 2 - WTI 2 hour
 |
