FX.co ★ Fundamental Analysis, for April 05, 2012

The dollar remains in its upward path on all fronts, while European stocks turn down operations in the session Thursday.

The euro broke the 1.31 area, amid a new climate of uncertainty about the debt crisis of Europe, whose main focus to Spain. But the rest of the coins of the old continent operate with short-term downtrends.

The Swiss franc came at this time to its lowest since March 16, at 0.9205, while the British pound falls as softer against the dollar. In the case of GBP / USD is still in effect an uptrend on the daily chart, which would only be impaired by break of 1.5765.

The situation is different from the crossing EUR / USD, in which the price broke a trendline on the weekly chart, which can trigger a downward movement much more pronounced in the near future. The aim of the low maximum is located in the area of ​​1.2580.

In another vein, the Canadian dollar approaching parity again against the dollar, following the footsteps of oil, which fell again on Wednesday, although the weekly crude oil inventories showed less existence thereof in the previous period.

Australian dollar also fell to a low of 10 January, following the sharp downward correction experienced an ounce of gold. This is listed at $ 1622 at the time, bearish in the short term.

Already known monetary policy announcement by the Bank of England, who left unchanged, as expected, the reference interest rate, the agenda of the day report includes a set of data in Canada, within which stand building permits, unemployment rate and job creation in March.