05.03.08. Market pending the outcome of tomorrow's ECB and BoE

05.03.08. Market pending the outcome of tomorrow's ECB and BoE

In anticipation of the outcome of tomorrow's ECB and the Bank of England on interest rates on the market has a slight lull. Reaction to reach today amerikanskme data was not in favor of the dollar, which is falling against the Euro and the Yen following the release of data on the number of jobs in the private sector, while ignoring positive data on productivity. Apparently, all expect that the data goes today at 19 GMT Bezhevoy Books will be shocking to the American economy. The technical picture has not changed dramatically, but the new maximum for the euro is possible.

Movement Euro up on Monday reached the target level model correction 2-3 (161.8% at 1.5274), the new record against the dollar maximums seen in the target level model expansion 1-2-3 (161.8% na1.5390 also), while indicators , in particular, day RSI on our schedule, obviously perekuleny. Prices remain above the perforated top line channel A-K-1 on the afternoon schedule in such about it today in the early afternoon. Now it's possible continued upward movement to a new maximum of.

Pound adjust upward movement cd and began to grow against the dollar, following the movements of the Euro. Base for a possible upward movement might serve as a perforated line of the triangle, which Pound relied throughout its recent correction. True, the decline in the graph allows to build a new trend line resistance ad. We are still measurable objectives approach to movement upward correction as a drop HL. The nearest of these goals - 2.0030 at the level of 38.2% correction. As support has remained a local minimum of 1.9765.

Yen was trying to stay above the levels reached a three-year minimum. These goals on the afternoon schedule downward motion obtained by measuring the prior correction: 1-2 in a global picture of the current technical sense, and ab in the local sense. Target could not keep the price of 104.30 and now is a classic resistance. Prices fell on the level of support promezhutochnyuyu 361.8% correction 102.70. The immediate objective can be considered below 102.20. Below is a minimum level of 101.85 and 101.65. It can not be excluded and downs at the 100.85 level.

Breaks down Franc zone figures 1.0500 (161.8% correction level ab, which in our measurements have long been regarded as a source of downward movement), and tried otkorrektirovatsya up, but this attempt did not appear to have succeeded. Para decreases, and the following global objective of this model - the level of 261.8% at 1.0120. The small rise slightly to defuse allowed zashkalivshie indicators, and now no technical restrictions to traffic down to new record levels.

"CAD" concluded the upward correction today is declining, despite yesterday's very significant lowering of rates of the Bank of Canada. Apparently, the cases in the United States are seen investors so poor that even this effect will not help pair to return at least parity in the zone.

"Australian" got out of the canal, which was raised up from mid-January, by correcting his last movement upwards. Surrounding day support remain in the zone of 0.9240/65. If they will be overcome, possibly in the reduction zone 0.91-second figure.