![\"115\"](\"http:\/\/www.etoro.net\/wp-content\/uploads\/2010\/03\/115.png\" "\\"115\\"")
<\/a><\/p>\n <\/strong><\/p>\n <\/strong><\/p>\n <\/strong><\/p>\n <\/strong><\/p>\n The Dollar Held its Ground<\/strong><\/p>\n On the Forex market the Dollar managed to hold around prior levels, but is yet to break its 81.5 resistance level. Even though the Greenback is in need for a technical pullback recent talks about a possible rate hike in the U.S are helping the Dollar to maintain its high level. With the current high unemployment rate and various sectors within the U.S economy still trying to find footing, one should expect that the rate hike rumors be only verbal ones, indicating towards a hike later on during the year.<\/p>\n Over in Europe, Greece\u2019s condition continued to weigh on investors and prevented the Euro from gaining any major strength. Over the last couple of weeks problems from European members have hit the headlines numerous times, but no formal statement has been released about how the ECB is going to proceed and restore the Euro-zone to a more normal situation. Although Germany has been quite pro-active, mentioning that it might help the distressed country -Greece, other major countries, such as Spain and Portugal, have now grabbed the spot light due to their ongoing problems.<\/p>\n <\/p>\n When taking a glance at the chart below one can see that the EUR\/USD is in a major down trend, but currently climbing within its secondary trend. A break to the downside of the charts lower secondary trend line could signal further devaluation for the Euro.<\/p>\n The Day Ahead<\/strong><\/p>\n Unlike yesterday\u2019s session, volatility should pick up today as the economic calendar is flooded with events. The Euro-zone will take the stage first with France, Italy and the U.K all releasing their industrial production figures. Italy and France are both expected to show an increase in production while the U.K could show a lower than expected figure.<\/p>\n In addition, New- Zealand will take the stage and release its interest rate decisions. The market is expected a no-change statement compared to its neighbor Australia, who has now reached a fund rate of 4%.<\/p>\n Daily Forex Market Analysis provided by eToro<\/strong><\/a> <\/strong><\/p>\n Disclaimer: Trading in the Foreign Exchange market might carry potential rewards, but also potential risks. You must be aware of the risks and are willing to accept them in order to trade in the foreign exchange market. Don\u2019t trade with money you can\u2019t afford to lose.<\/p>\n<\/a><\/p>\n