New Zealand will on Monday release March figures for food prices and its performance services index, highlighting a light day for Asia-Pacific economic activity.
Food prices were up 0.6 percent on month and 1.5 percent on year in February, while the services index saw a score of 55.5.
The material has been provided by Instaforex Company - instaforex.com
With EUR maintaining its bearish tone the past week, the risk is for more weakness to occur. This will open the door for more weakness towards the 1.3003 level, its Mar 15'2012 low. This is coming on the back of a violation of the 1.3134 level. On further weakness, the 1.2975 level will be aimed at followed by the 1.2879 level, its Jan 23'2011 low.
With the cross weakening for a second week in a row, further declines in the new week is likely. On continued weakness, the 105.63 level will be targeted ahead of the 104.49 level, its Dec 09'2011 high and then the 103.27 level. Its weekly RSI is bearish and pointing lower supporting this view. The alternative scenario will be a break and hold above the 111.42/52 levels.
GBP/USD continues to fall inside the Triangle chart pattern identified by Autochartist on the 4-hour charts. Autochartist rates the overall Quality of this chart pattern at the 3 bar level as a result of the low Initial Trend (rated at the 2 bar level) and below-average Uniformity and Clarity (both rated at the 4 bar level).
Simultaneous Release at TheGeekKnows.com Learn Forex Trading and read exclusive EUR/USD Reviews. Good day forex traders. I hope everyone is having a great weekend. Been having a lack of sleep due to my work commitments. Weekend is the only time to catch up on that! Do you get enough sleep on a daily basis? In the previous forex forecast [.
(Blog eToro) Aux États-Unis, le rapport sur les emplois non agricoles de vendredi dernier a à la fois surpris et déçu les marchés. Les analystes avaient prévu que les données de mars montreraient un bon 4ème mois consécutif avec plus de 200.000 emplois ce que aurait suggéré une tendance haussière évidente de la situation de [...]