Ahead of U.S ISM Manufacturing Data - 2.4.2012

US Dollar Investors are closely anticipating U.S data today, while reports are saying that the manufacturing most probably increased in March. According to estimates the Institute of Supply Management’s factory index rose 53.3 compared to the 52.4 in February, above 50 ratings indicate growth. Moreover, regional reports strengthen the forecast, New-York factories grew in March at fastest rate and manufacturing in Philadelphia region rose the most in almost a year. The US dollar has been strengthening against the Swiss and the Euro, remaining unchanged against the Aussie and weakening versus the Japanese Yen. The US dollar against the Yen found resistance earlier today at the 83.27 level and then lost extensively trading at the moment at the 82.24 support level. Versus the dollar the Gold was little changed, trading between the 1674.61 resistance level and the 1662.50 support level. The AUDUSD forex pair held its ground and was in sideways, the Australian dollar found support at the 1.0367 while resistance is at the 1.0415 level. The greenback has been trading stronger against the swiss franc today, it found support at the 0.9007 and then climbed to the 0.9069 level. US stock indices opened today slightly lower, the Dow Jones Industrial Average is down by 35.65 points, or by 0.27 per cent, at the 13,176.39 level. The Standard and Poor’s 500 Index is lower by 0.16 per cent, trading at the 1,406.25 level. Euro Over the weekend the European leaders boosted a firewall to protect against the debt. They have unveiled a package that included 500 billion euros fresh funds on top of 300 billion euros already committed to rescue programs. Erik Nielsen chief global economist said “The political commitment to the euro zone is increasingly clear, and the ECB has shown that, in the final analysis, they’ll do what they have to do”. The common currency against the greenback has been losing ground, it broke the 1.3331 key support level and then continued the downward move falling to the 1.3280 level. European stocks had mix signs on Monday the 2nd of April, the UK’s FTSE 100 Index is trading 0.10 per cent higher or rose by 5.53 points at the 5,773.98 level. The EURO STOXX 50 Price is trading now at the 2,462.52 level, lower by 14.76 points or by 0.60 per cent negative. The France’s CAC40 Index is now trading at the 3,416.13 lower by 0.22 per cent and the Germany’s DAX Index is now trading at the 6,949.09, positive by 0.03 per cent.