Daily Market Overview: EUR/USD

Note: This section contains information in English only.
Source: Dukascopy Bank
© Dukascopy Bank
Daily maximum: 1.3232
Daily minimum: 1.3107

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.

Daily Resistance: 1.3328; 1.3425; 1.3482. 
Daily Support: 1.3174; 1.3117; 1.3020. 
Daily Bias: Neutral.
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Wed, 04 Apr 2012 16:10:43 GMT

Daily Market Overview: EUR/JPY

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.).

Wed, 04 Apr 2012 15:23:33 GMT

Favourable weather in the US and Europe limits grains' rally

Rural commodities were mixed as grains moved higher while coffee and sugar declined amid stronger US dollar. Wheat was backed up by speculation that more wheat will be used as animal feed in the US because corn prices are growing. However, the upward move was blocked as favorable weather in the US Great Plaints and in Europe is likely to

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