Forexpros.com Daily Analysis - 23/03/2010

[forexpros]

ForexPros Daily Analysis March 23, 2010


Free webinar on ForexPros - Inter-Market Analysis and 2010 Forecast for the Dollar and Commodities

Expert: Nour Eldeen M. Al-Hammouri
When: Thu, Mar 25, 2010, 15:00 GMT

In this webinar Nour Eldeen M. Al-Hammouri will discuss the Inter-Market Analysis and markets relationships. He will relate to the issue of how to use Moving Averages to track the best support and resistance area, which will be a signal for the Buy areas or Sell areas.

Click [color=black]to join free.

---

Fundamental Analysis: German Ifo Business Climate Index

European traders anticipate the publication of the German Information and Foschung (Ifo) Business Climate Index. The index determines the business sentiment and conditions in the Euro-zone.
The reading is concluded from survey of about 7,000 businesses. A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR. Analysts predict a future reading of 96.00.

---

Euro Dollar

The Euro broke the support specified in yesterday