Daily Market Overview: EUR/JPY

Source: Dukascopy Bank
© Dukascopy Bank
Daily maximum: 109.69
Daily minimum: 107.91

The euro slipped further against the Japanese Yen after hitting the daily market participant's target (109.41) as German monthly Factory orders showed a contraction (0.3% act./1.2% est.) and monthly retail sales declined more than expected (-0.1% act./0.1% est.).

Daily Resistance: 110.03; 110.49; 111.17. 
Daily Support: 108.89; 108.21; 107.75. 
Daily Bias: Strongly bearish.
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Wed, 04 Apr 2012 16:10:52 GMT

Daily Market Overview: GBP/USD

The British pound traded below the 1.5900 level today against the US dollar and left the daily forecast mean untapped (1.5939) as yesterday's FOMC comments on the US economy inspired optimism among investors the world-largest economy is on the right track to recovery.

Wed, 04 Apr 2012 16:10:34 GMT

Daily Market Overview: EUR/USD

The common European currency advanced lower versus the American dollar after the FOMC announced yesterday that there is no need for the continuation of the Quantitative Easing; thus, the daily forecast mean at 1.3260 remained unttaped.

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