Daily market recommendations for today Thursday 03-04-2014

EURUSD Near Term : Downside favored
Pivot Point : 1.3795
EURUSD is Downside favored, So Sell at 1.3795 with Target at 1.374
If breaks above pivot 1.3795 Buy with Target at 1.382

GBPUSD Near Term : Upside favored
Pivot Point : 1.6600
GBPUSD is Upside favored , So Buy at 1.66 with Target at 1.6715
If breaks below pivot 1.66 Sell with Target at 1.655

USDJPY Near Term : Upside favored
Pivot Point : 103.25
USDJPY is Upside favored , So Buy at 103.25 with Target at 104.1
If breaks below pivot 103.25 Sell with Target at 102.95

Crude Oil Near Term : Downside favored
Pivot Point : 100.45
Crude Oil is Downside favored, So Sell at 100.45 with Target at 98.3
If breaks above pivot 100.45 Buy with Target at 101.4

Gold Near Term : Downside favored
Pivot Point : 1300
Gold is Downside favored, So Sell at 1300 with Target at 1277
If breaks above pivot 1300 Buy with Target at 1306


Most Important Forex Events for Today (GMT):
· Trade Balance for Australian Dollar at 00:30
· RBA Rate Statement for Australian Dollar at 00:30
· Services PMI for British Pound at 08:30
· ISM Non-Manufacturing PMI for US Dollar at 14:00