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EURUSD moves sideways in a range between 1.3252 and 1.3385. As long as 1.3252 key support holds, the price action in the range is treated as consolidation of the uptrend from 1.3003, and another rise to test 1.3486 previous high resistance is still possible. On the downside, a breakdown below 1.3252 will indicate that the rise from 1.3003 has completed, then the following downward move could bring price back to 1.2800 zone.



Daily Forex Forecast

The purchasing managers' index for the manufacturing sector in the US ticked up to 53.4 points from 52.4 last month. Early expectations stood on a rise to 53.3 points.

This is the first major indicator towards the highly anticipated Non-Farm Payrolls report on Friday. The employment component also rose nicely: from 53.2 to 56.1 points. While the figure was within expectations, it erases the doubts about the recovery so far.

While this figure is certainly encouraging for the NFP, it's important to remember that the services sector is certainly much larger than the manufacturing sector.

Read the rest of the article [B][I][URL="http://www.forexcrunch.com/us-ism-manufacturing-pmi-rises-to-53-4-as-expected/"]US ...

Gold and silver didn’t do much during the past couple of weeks even though they have had sharp turns during that time. By the end of the month gold shed 2.3% off its value and silver declined by 6.23%. This week will probably revolve around the U.S labor market and whether another good month for employment will ease the speculations around another stimulus plan by the Fed which will likely to pull up gold and silver prices. In the meantime, there are several news items on the agenda including: U.S. ISM Manufacturing PMI, Euro Area Unemployment Rate and Australian Retail Sales.
The daily forecast of gold and silver for April 2nd
Gold bounced back on Friday by 1.03% to $1,671; silver also traded up by 1.54% to $32.48. During ...

If your currency pair breaks a significant support or resistance line, does it push through and make an impressive move? If the pair doesn’t break through, does it slow down when approaching such a line? If so, this is a predictable currency pair. Yet not all currency pairs behave this way, to say the least.

The recent drop in volatility changed the behavior of some currency pairs. Here is an updated and ranked list of the most predictable currency pairs for Q2 2012, with each pair’s characteristics. Let’s start.

Read the rest of the article [B][I][URL="http://www.forexcrunch.com/5-most-predictable-currency-pairs-q2-2012/"]5 Most Predictable Currency Pairs – Q2 2012[/URL][/I][/B]