Fundamental Forex News Today:
| Time(GMT+7) | News/Indicator | Forecast | Actual | ||
| 07:01 | GBP | med | GfK Consumer Confidence | -13 | -15 |
| 07:18 | JPY | low | Manufacturing PMI | 52.4 | |
| 08:30 | AUD | high | Building Approvals m/m | 2.1% | -3.3% |
| 08:30 | AUD | high | Retail Sales m/m | 0.3% | -1.4% |
| 08:30 | AUD | med | Private Sector Credit m/m | 0.4% | 0.4% |
| 09:30 | JPY | med | Average Cash Earnings y/y | 0.0% | -0.6% |
| 10:00 | NZD | high | NBNZ Business Confidence | 42.5 | |
| 13:00 | JPY | low | Housing Starts y/y | -0.8% | -9.3% |
| 13:13 | JPY | med | BOJ Gov Shirakawa Speaks | ||
| 15:55 | EUR | med | German Unemployment Change | 10K | -31K |
| 17:00 | EUR | low | Italian Prelim CPI m/m | 0.2% | 0.3% |
| 17:00 | EUR | med | Unemployment Rate | 10.0% | 10.0% |
| 17:00 | EUR | med | CPI Flash Estimate y/y | 1.1% | 1.5% |
| 17:30 | CHF | high | KOF Economic Barometer | 1.91 | 1.93 |
| 18:00 | EUR | low | Italian Monthly Unemployment Rate | 8.6% | 8.5% |
| 20:15 | USD | high | ADP Non-Farm Employment Change | 40K | -23K |
| 20:30 | CAD | high | GDP m/m | 0.5% | 0.6% |
| 21:45 | USD | med | Chicago PMI | 61.5 | 58.8 |
| 22:00 | USD | med | Factory Orders m/m | 1.7% | 0.5% |
| 22:30 | USD | med | Crude Oil Inventories | 2.4M | |
| 23:00 | USD | med | Treasury Sec Geithner Speaks | ||
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Support And Resistance Today
Last updated: March 31, 2010, 9:02 am EDT| Currency | Support levels | Resistance levels | ||||
| S1 | S2 | S3 | R1 | R2 | R3 | |
| EUR/USD | 1.3450 | 1.3420 | 1.3380 | 1.3520 | 1.3550 | 1.3590 |
| AUD/USD | 0.9130 | 0.9080 | 0.9030 | 0.9175 | 0.9215 | 0.9255 |
| GBP/USD | 1.5140 | 1.5090 | 1.5040 | 1.5190 | 1.5230 | 1.5280 |
| USD/CAD | 1.0150 | 1.0120 | 1.0070 | 1.0185 | 1.0230 | 1.0270 |
| NZD/USD | 0.7080 | 0.7030 | 0.6990 | 0.7100 | 0.7130 | 0.7170 |
| USD/CHF | 1.0640 | 1.0600 | 1.0570 | 1.0660 | 1.0685 | 1.0710 |
| EUR/GBP | 0.8875 | 0.8840 | 0.8800 | 0.8910 | 0.8945 | 0.8975 |
| USD/JPY | 93.00 | 92.70 | 92.40 | 93.60 | 93.90 | 94.50 |
| GBP/JPY | 140.50 | 140.25 | 139.70 | 141.00 | 141.75 | 142.00 |
| AUD/JPY | 85.30 | 85.00 | 84.50 | 85.60 | 86.00 | 86.50 |
| EUR/JPY | 125.00 | 124.75 | 124.35 | 125.45 | 125.75 | 126.00 |
| CAD/JPY | 91.50 | 91.30 | 90.80 | 91.85 | 92.50 | 93.00 |
| S1 | S2 | S3 | R1 | R2 | R3 | |
FOREX NEWS
Oil up near $83 on dollar, mixed US supply report
Oil up near $83 in Europe on weaker dollar, supply report suggests better US crude demand
Related Quotes
| Symbol | Price | Change |
|---|---|---|
| MHP | 35.84 | 0.00 |
 | ||
Oil prices edged up to near $83 a barrel Wednesday as the dollar weakened and the market awaited a key government report about the strength of U.S. crude demand.
By early afternoon in Europe, benchmark crude for May delivery was up 48 cents to $82.85 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose 20 cents to settle at $82.37 on Tuesday.
Crude inventories rose last week by 421,000 barrels, the American Petroleum Institute said late Tuesday. Analysts had expected an increase of 2.7 million barrels, according to a survey by Platts, the energy information arm of McGraw-Hill Cos.
Inventories of gasoline and distillates fell less than expected, the API said.
The Energy Department's
Some analysts say surging crude demand in China and the rest of Asia is offsetting sluggish consumption in the U.S. and Europe and justifies higher oil prices.
"The eastern hemisphere has been growing at an almost insanely strong rate," Barclays Capital said in a report. "The dynamics of oil demand and oil prices no longer carry a made in the USA label."
Speculative investments betting on higher oil prices were on the rise, analysts said.
"This week seems to have marked the return of investors to the long side in the oil markets," said a report from U.S. energy consultancy Cameron Hanover. "Investors continued to buy on general 'good vibrations,' those vague feelings -- that things are getting better in the economy -- which have been the mortar holding the edifice of higher oil prices together for 13 months now."
The release of March U.S. unemployment figures on Friday will be closely watched as another indication of the strength of the economic recovery.
"Market observers said that consumers are feeling better about the employment picture, as layoffs slow and some companies start talking about renewed hiring plans," Cameron Hanover said.
The dollar's retreat against the euro and the British pound helped lift prices by making oil cheaper for investors in those currencies.
The euro rose to $1.3479 from $1.3419 in New York late Tuesday, while the British pound advanced to $1.5158 from $1.5061.
In other Nymex trading in April contracts, heating oil rose 1.31 cents to $2.1378 a gallon, and gasoline slid 0.41 cent to $2.2706 a gallon. Natural gas jumped 9.1 cents to $4.064 per 1,000 cubic feet.
In London, Brent crude was up 49 cents at $81.77 on the ICE futures exchange.
Associated Press writer Alex Kennedy in Singapore contributed to this report.
Source : yahoo.com - finance 1/Apr/2010 01:45
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