Wednesday March 10 , 2010

The euro dollar pair is consolidating between 1.36150 levels and 1.35850 levels recording a high of 1.36130 and a low of 1.35870, while it is currently trading around 1.35900.

Regarding the pound dollar pair, it fell slightly recording a low of 1.49516 and a high of 1.50158, having the royal currency trading around 1.49663.

Finally, the dollar yen pair is trading between a high of 90.134 and a low of 89.843, while the pair is currently trading around 90.128.

EUR/USD :Determined Indicators for the pair euro against the U.S. dollar appears saturated in the procurement process, signals of a down trend formation started appearing on the the pattern appear through the formation of candles, we expect a decline for the pair today aimed initially at 1.35010 and then re-test support level at 1.34450, and this requires constant for trading below the level of 1.36670.

CLICK TO SEE CHART

GBP/USD : Determined Indicators for the pair sterling against the U.S. dollar appears saturated in the procurement process, and we expect today's decline for the pair re- test the support level 1.47800 then the level of 1.47200.

CLICK TO SEE CHART

USD/JPY : We expect today for the pair the dollar against the Japanese yen downtrend aimed at areas 90,000 and then 89,700, Stochastic indicator for one hour and for four hours in addition to support our expectations for this day.

CLICK TO SEE CHART

Daily Calendar

Date	Time	Currency	Event	Actual	Forecast	Previous	Details
10/3/2010	1:30am	AUD	Westpac Consumer Sentiment	0.2%		-2.6%
10/3/2010	1:50am	JPY	Core Machinery Orders	-3.7%	-3.8%	20.1%
10/3/2010	1:50am	JPY	CGPI	-1.5%	-1.4%	-2.1%
10/3/2010	2:30am	AUD	Home Loans	-7.9%	2.1%	-5.1%
10/3/2010	9:00am	EUR	German Final CPI m/m		0.2%	0.2%
10/3/2010	9:00am	EUR	German Trade Balance		16.4B	16.7B
10/3/2010	9:45am	EUR	French Industrial Production		0.3%	-0.1%
10/3/2010	11:00am	EUR	Italian Industrial Production		0.7%	-0.7%
10/3/2010	11:30am	GBP	Industrial Production		0.3%	0.9%
10/3/2010	11:30am	GBP	Manufacturing Production		0.3%	0.9%
10/3/2010	5:00pm	USD	Wholesale Inventories		0.2%	-0.8%
10/3/2010	5:30pm	USD	Crude Oil Inventories		1.9M	4.1M
10/3/2010	8:00pm	EUR	ECB President Jean Trichet Speaks
10/3/2010	9:00pm	USD	Budget Balance		-207.5B	-42.6B
10/3/2010	10:00pm	NZD	Official Cash Rate		2.50%	2.50%
10/3/2010	10:00pm	NZD	RBA Rate Statement
10/3/2010	10:00pm	NZD	RBA Monetary Policy Statement
10/3/2010	11:30pm	NZD	Business NZ Manufacturing Index			52.0
10/3/2010	11:45pm	NZD	FPI			2.1%