[ take from http://www.futureshound.com ]

 Fear of concerns about sovereign debt defaults and a worse than expected U.S. initial claims report helped push commodity and stock markets lower on Thursday. Investor risk aversion drove toward a safer, lower-assets to generate profits from the U.S. Dollar.

Investor relief over the U.S. position before the opening when the news of Weekly Initial Claims that have been startling increase. This quickly pushed the price of long liquidation shipping circles throughout the session, sending the major indexes sharply lower.

Key level on March E-mini S & P 500 at 1084.50 was violated with all my heart, triggering a new low in free fall for a week. In addition to fears that the debt problem in the Greek state will spread to other Euro countries that disrupt global economic recovery, traders react as if the U.S. jobs report tomorrow will show improvement as expected.

March Treasury bond jumped to reverse the economic fears depressed equities and commodities, sending investors to the safety of financial markets. Financial Bonds rose sharply this market sent screaming into the 50% level in the main as a result of falling 118'24. A cover of this level would be bullish with the next upside target 119'24.

The stronger dollar drove through a pair of Gold April retracement level and the two main base at $ 1076.50 and $ 1074.40. Weaknesses momentum showed further decline is likely to level at 50% $ 1052.30 the next downside target.

Wednesday bearish crude oil inventories report together with decreased demand for higher-risk assets in March Crude Oil is pressed. The graph shows that 75,29-74,63 will be the next downside target, but this price does not provide support. Finding the acceleration to the downside should be a pair of major bottoms in 72.53 and 72.43 fail to hold as support.

March Euro closed sharply lower, pressured by concerns that although the proposed new budget plan, the Greeks did not have a way to deal with its deficit problems themselves. Fear is also being raised that the fiscal problem in Greece is not isolated and can spread throughout the euro area should it default on debt. Risk aversion and traders set the redeemed of the Euro as they seek protection against a possible collapse in Greece.

This morning the European Central Bank announced that rates will remain at 1% and intact stimuli such as economic conditions in the euro zone is not good enough to ensure any changes. Although ECB President Trichet said he was "confident" that the Greeks would have budgetary control, act as if the merchant will take a bailout by the European Central Bank, the European Union or the International Monetary Fund to tackle the problem.

Trichet tried to calm fears of a meltdown in Greece by saying the euro zone is still facing major problems, but he was sure it was towards recovery. His statement failed to prevent further damage in the EURO as the focus began to shift from Greece to Portugal and Spain.

In the mid-session, the euro was trading 50% below the critical level at 1.3800. Weaknesses strong momentum that can push this market to a level, 618 at 1.3483 for a short period of time.

Theme day in almost every major currency market is risk aversion as investors sell high-risk commodities and stocks and buy assets that generate lower throughout the session in New York state debt problems in Greece will spread to other economies in the Euro Area. Dollar finished sharply higher versus all major currencies except the Yen.

Investor concerns about the misery in the Greek sovereign debt triggered a break in equities and commodities last night, but the decision of the Bank of England and the poor U.S. jobs data helped to accelerate the rally in the Dollar. Traders took refuge while seeking refuge in the Dollar and Japanese Yen.

Bank of England as it is expected to announce that interest rates will remain at historically low levels. In addition, choose to take a break in a quantitative ease program, but left open the possibility it will increase the asset repurchase program must ensure that state moving. Traders did not like the news and sell the British Pound in March aggressive. Investors are now concerned that the deficit problem in the UK could rise as they are in Greece.

Japanese Yen finished sharply in March as investors seek safety in a lower yield on asset concerns about the possibility of sovereign debt default in Greece. Traders took the higher yen after the ECB does not provide a solution to the problem in Greece, also does not give confidence that the material would not spread to the euro area other nations. Japanese yen tends to strengthen the economy during the turmoil and uncertainty.

Look for this pair to continue to be indicators of risk sentiment. As long as there is fear of default, Yen should continue to appreciate. At this time, the Bank of Japan does not have plans to stop its currency rise. This can help fuel a steep rise in March Japanese Yen during the period.

The stronger dollar pressures demand for commodities, namely gold and crude oil. This helps to fuel the Canadian dollar weakness. Reversed the momentum of a strong Canadian dollar in March to drive through the last major, the 9326. Weekly graph shows that, 9212 is the next downside target.

A weaker euro once again raised fears Swiss National Bank will intervene to prevent the Swiss franc from appreciating too much compared to the Euro. This helped pressure the Swiss franc in March throughout the day. Barring any changes to the Greek national debt situation, the next downside target is 9152.