Market review for 26.06.12: The negative results of the auctions on Italy’s and Spanish bonds pressured the Euro currency.

Email not displaying correctly? View it in your browser Asian and European trading sessions:   Euro: Today's focus of the market participants turned towards upcoming EU summit which is scheduled on June 28-29.On this summit the participants will discuss the possible revision of the conditions for providing financial aid to Greece as well as the situation with the debt crisis in the Euro region. The Euro currency traded near the lows of 1.2510 against the U.S. dollar during the Asian session amid fears that the EU summit will not be able to solve the problems associated with the debt crisis in the EU due to the disagreements between France, Italy and Germany on issuing the Eurobonds. On the European session the euro fell against the major currencies against the backdrop of disappointing results of the auctions of government bonds of Spain and Italy. As a result, Spain attracted 3.077 billion Euros at the target plans of 2-3 billion Euros. The disappointed facts were the decreasing demand for bonds and increasing average return on the releases (yield). The analysts suggested that this result was caused partly by the last night decision of the Moody's rating agency to lower the credit rating of 28 Spanish banks, including giants such as Santander and BBVA, and than their (Spanish banks) official request for financial aid. In details, the Moody's lowered by 1-4 stages the long-term ratings on debt and deposits. Italy also had a negative outcome on auctions and attracting 916 million Euros in the plans 0.5 - 1 billion Euros.   U.S. Dollar: The U.S. dollar currency rose against the background of the decreasing demand for save heaven assets as well as on continuing decline of Asian stock markets.   British Pound: The GBP / USD pair rose to yesterday's maximum level of $ 1.5590 during the Asian session and was able to move higher to the high of this day, a level of $ 1.5650 at the European session.   Japanese Yen: The USD / JPY pair recovered to the Y79.75 level during the Asian session. However, the increased demand for the save heaven assets pressured the pair and it fell to the yesterday lows of the Y79.22.   American trading session:   Euro: The Euro currency fell against the dollar, to the level of $1.2443 which is the lowest level since the beginning of the June on statements of German Chancellor Angela Merkel who had said that she could not approve the idea of Van Rompuy on performing reforms in the EU and opposed to issue the Euro bonds.   U.S. Dollar: On the published today report on the index of U.S. consumer confidence, the result of which showed a decrease to 5 -month low of the optimism of Americans about the positive improvement of the U.S. labor market and income growth the dollar fell against its competitors.   Gold: The price of gold fell down today on the COMEX after the uncertainty in the European economy has caused an increase in demand for U.S. currency, therefore reduced the demand for precious metals among investors. The June gold futures today fell to 1567.63 dollars per troy ounce.   Oil: The cost of the August futures on U.S. light crude oil WTI on the NYMEX today was kept in the range of $ 78.36 to $ 79.66 a barrel.   Silver: The June Silver futures today were kept in a range of $28.39 and $28.53 per troy ounce. Technical analysis for 27.06 EURUSD The pair will work out the Flag figure if stays below 1.25690. The end of the figure maybe expected at 1.21813. Resistance: 1.25690, 1.26897, 1.28630 Support: 1.23907, 1.21813, 1.19332   GBPUSD The pair is trying to return to resistance 1.56722. Resistance: 1.56722, 1.58543, 1.60322 Support: 1.54842, 1.53482, 1.52063   USDCHF The pair has tested 0.96220 and may return to 0.95074. Resistance: 0.96220, 0.97427, 0.98512 Support: 0.95074, 0.93949, 0.93069   USDJPY The pair has declined below 79.707 this may bring pair to 79.070. Resistance: 79.707, 80.438, 81.399 Support: 79.070, 78.345, 77.539   AUDUSD The pair is aiming to 1.00907. Resistance: 1.00907, 1.01744, 1.02558 Support: 1.00067, 0.99207, 0.98436           To unsubscribe please click here Forex-Metal 7-th floor, Century Tower, Ricardo J.Alvoro Ave, Panama, ,

Market review for 25.06.12: The market participants expect the negative outcome of the upcoming EU summit, scheduled on June 28-29.

Email not displaying correctly? View it in your browser Asian and European trading sessions:   Euro: In anticipation of the scheduled on tomorrow auctions of Italy and Spain government bonds the euro fell against its competitors. Tomorrow, Spain will place the three-and six-month bonds and Italy the securities with maturities in 2016 and 2026 years. The EUR / USD pair dropped to its weekly minimum during the Asian session. The couple continued its downtrend falling below $ 1.2500 level on the fact of the market participants' negative expectations of the outcome for the upcoming EU summit, scheduled on June 28-29. The market participants lost their confidence and do not trust that the outcome of meeting will be as to take any significant steps that will enable the region to fight the debt crisis in Euro zone and its economic slowdown. The currency came under pressure also on fact that German Chancellor Angela Merkel rejected the issuing of the euro bonds as well as her opposition to provide the finance aid to the Cyprus.   British Pound: The GBP / USD during the first part of the Asian session the pair was trading between $ 1.5575 -$ 1.5592 and closer to the end of the session fell to the $1.5565 area. The pair continued its downtrend a bit on the European trading session to the level of $1.5545 where it was traded till the end of the session. Japanese Yen: The yen strengthened today on the background of the increased demand for the safe heaven assets due to the instability in the Euro region.. The USD / JPY pair fell to a Friday's lows during the Asian session and continued to the area of Y79.45 during the European session. American trading session: U.S. Dollar: The currency strengthened on the backdrop of falling of the stock markets as well as increased demand for the save heaven assets. The dollar index showed up above the level of 82.80 at the beginning of the session.   Australian, New Zealand, and Canadian dollars: The commodity currencies such dropped today against most major currencies on decreasing demand for raw materials as well as on falling of the crude oil prices.   Gold: The Gold futures on Monday were almost unchanged on the backdrop of expectation of the tomorrow's summit of EU as well as on a number of important economic data from the U.S. which will be published this week. The June gold futures on the COMEX close at 1584.90 dollars per troy ounce. Oil: The Oil price tested the level of $ 79.20 per barrel which is a the pivot point of its prices. The concerns of a negative result of the EU meeting based on fears that European Union leaders at a summit this week will not be able to solve the debt crisis in the region, led to the reduction in demand for fuel. The cost of the August futures of WTI on the NYMEX today declined to $ 78.33 a barrel.   Technical analysis for 26.06 EURUSD The pair is working out the Flag. The end of the figure maybe expected at 1.21813. Resistance: 1.25690, 1.26897, 1.28630 Support: 1.23907, 1.21813, 1.19332   GBPUSD The pair has broken 1.56722 and aiming to 1.54842. Resistance: 1.56722, 1.58543, 1.60322 Support: 1.54842, 1.53482, 1.52063   USDCHF The pair is aiming to 0.96220. If this level is broken the pair will rise to 0.97427. Resistance: 0.96220, 0.97427, 0.98512 Support: 0.95074, 0.93949, 0.93069   USDJPY The pair has declined below 79.707 this may bring pair to 79.070. Resistance: 79.707, 80.438, 81.399 Support: 79.070, 78.345, 77.539   AUDUSD The pair has declined to 1.00067. If the pair breaks this level the pair will decline to 0.99207. Resistance: 1.00907, 1.01744, 1.02558 Support: 1.00067, 0.99207, 0.98436   To unsubscribe please click here Forex-Metal 7-th floor, Century Tower, Ricardo J.Alvoro Ave, Panama, ,

Forex-Metal Weekly: Market review. Technical analysis. New Customer Support options.

Email not displaying correctly? View it in your browser IN THIS ISSUE: Weekly market review from Forex-Metal.  Weekly technical analysis. New Customer Support options. Get a 35% trading bonus when you open a new account.  Representatives Wanted! Weekly review for: 18 - 22. 06.12   Euro: On Monday, the euro grew against almost all its competitors after the result of preliminary estimates indicated the victory of the conservative party "New Democracy "in parliamentary elections in Greece. The "New Democracy" party is the supporter of compliance agreements with international lenders, programs of financial support of the country and the course of economic reforms. The EUR / USD pair opened the earlier Asian session with gap up and moved higher to $1.2745 updating its monthly high. However, there were still concerns on the situation with the banking system in Spain, where the amount of bad loans in April jumped to 152.74 million Euros which is an increase of 8.72 % compared with 8.37% of March's. The EUR / USD pair declined to the level of $ 1.2618 this day. Tuesday's report of Economic Sentiment in a business sphere in Germany derived from conducted by ZEW institute survey recorded a decrease to the level of -16.9 points versus forecasted 2.3points. The Economic Sentiment in a business sphere in Europe as a whole was also disappointed; the value there dropped to -20.1 points compared with -2.4 for the previous month. The result of the Spain auction revealed that Spain attracted 3.039 billion Euros for 12 and 18 months bonds with target of 3 billion Euros. The average yield, however, increased above 5%, which is considered as a high level. The pair dropped to a level of $1.2567 at the beginning of the session where it found a significant support. The pressure on the euro on Thursday had a weak result of the report on business activity in the industrial sector in Germany and the Euro zone as a whole, which was below forecasts. In details, the German Purchasing Manager Index Manufacturing and the German Purchasing Manager Index Services dropped in June to 44.7 vs. forecasted 45.2 and 50.3 vs. forecasted 51.5 values respectively. The speculations that the results of audit of the Spanish banks would be much worse than market expectations meaning by this, that the amount of the recently approved financial assistance of 100 billion Euro for Spain will not be enough for covering all expenses, also put pressure on the currency. As the result, the EUR / USD pair traded dropped to the area of $1.2605. The EUR / USD pair continued falling to the level of $1.2525 on information that the Moody's Rating Agency downgraded the credit ratings of the largest major banks.   U.S. Dollar: The U.S. dollar continued to fall on Tuesday on expectations of investors that the currency would fell against most traded currencies this week. The fact of started this day the two-day meeting of the FOMC where the new possible measures of quantitative easing would be in focus caused some pressure on the dollar. Demand for the dollar was limited because many market participants were awaited to hear an announcement about new measures like a new round of quantitative easing for stimulating the United States economic growth. However, by the end of the week the demand for the currency has increased due to the falling stock indices and growing of negative market sentiment.   British Pound: The pound started to lose its position falling against the dollar after the published statistics recorded a decrease in the Core Consumer Price Index in May to the level of 2.2% (y / y), compared with an expected value of 2.3% and in April's value of 2.1%. The report on Consumer Price Index of May was also negative; the value fell to the level of 2.8% (y / y) vs. forecasted 3.0%. Al these results thus telling about the reducing of inflation in UK might give the Central Bank of England more options for providing additional measures for stimulating the economy. On the backdrop of publication of the protocol of the last meeting of the Committee on Monetary Policy Bank of England the pound steeply fell against the dollar yet quickly rebounded after. The published protocol showed that the number of committee members who advocate for increased program of asset purchases has increased. There were also economic statistics on the UK labor market published this week, which had not any significant impact on the British currency trading dynamics. The Claimant Count resulted 4.9% and the Unemployment Rate recorded 8.2 % as it was expected. The negative came from the published report of Jobless Claims Change which recorded an increase in the number of jobless claims applications for employment by 8.1K, while was expected a decline by 3.1K. The GBP / USD pair closed this week, reaching $ 1.5577 area.   Japanese Yen: The Japanese yen rose on Tuesday on the background of rising demand for save heaven assets in anticipation of the outcome of the G20 leaders meeting in Mexico. The meeting was primarily devoted for discussion about the debt crisis in the euro zone. After a brief recovery on the background of the Fed decision the yen resumed its decline against other traded currencies. The reason for the continuation of the downtrend was information that the Japanese lawmakers were close to reach an agreement on tax measures aimed to the lowering rate of the national currency. The yen continued to decline after the published information which revealed that the percentage of lawmakers in the leading party in Japan who voted for taking additional measures for stimulating the economy has increased. The yen continued to weaken against its competitors. The USD / JPY pair reached the Y80.50 on Friday.   New Zealand dollar: The New Zealand dollar fell on the background of publication of the government report which recorded the country's current account deficit over the past 3 months at 4.8% of GDP, against 4.2 % in the previous quarter. At the same time, the Gross Domestic Product showed a growth at the first quarter of 2012 (YoY) to the 2.4% versus forecasted 1.3% and leaded market participants to open buy positions on currency. The New Zealand economy grew for the last quarter on the fastest pace in five years. The value rose by 1.1% compare with the previous quarter when it grew by 0.4%. The New Zealand dollar rose after this publication. However, its growth was limited due to the also published reports from China the outcome of which was negative. The preliminary manufacturing PMI index provided by HSBC reached the mark of 48.1, against 48.4 in May thus continued its decline for the eighth consecutive month.     Weekly TECHNICAL ANALYSIS for 25 - 29.06, 2012     EURUSD The pair has declined to the support 1.25667.  Lower is a Fibonacci 50%  level at 1.20280.  Resistance:  1.25667, 1.28800, 1.33427 Support: 1.20280, 1.17063, 1.14010   GBPUSD  The pair's resistance is 1.59962. Support is 1.52523.  Resistance:  1.59962, 1.64274, 1.68504 Support:  1.52523, 1.48532, 1.43344   USDCHF  MACD divergence warns the possible trend reverse. The pair may start corrections and first aim will be at 0.91074. Resistance:  0.96597, 0.99031, 1.01369 Support: 0.93264, 0.91074, 0.88022   USDJPY The pair has returned to 80.244 and may decline to 78.031 if stays below 80.244.  Resistance:  80.244, 83.330, 86.836 Support:  76.535, 73.126, 69.117   AUDUSD The pair is trying to stay above Moving Average (100) 1.00173.  Resistance:  1.00592, 1.01873, 1.03847 Support:  0.97889, 0.94417, 0.89581   New Customer Support options   Customer support in Chinese language is now available. We are excited to announce an addition of Chinese (Mandarin and Cantonese) language support to our services. Customer support in these languages is now available on Hong Kong number 800-962-100 as well as via e-mail chinese_support@forex-metal.com.  If you prefer to communicate to us in these languages we hope that you will find this new service helpful and convenient.   35% Trading Bonus is ON Again!  Get a cash bonus of up to $15000 when you deposit funds into your account for the first time. The full bonus conditions are available here: https://forex-metal.com/discount/bonus35  If you have just opened a trading account with us and fund it, you can receive a cash bonus in addition to your deposit. If you would like to receive the bonus, please contact us at payments@forex-metal.com  and confirm that you would like to receive the bonus, at the time your account is being funded. Representatives Wanted! We are expanding our operations and would like to open a representative office in your country, so we can be closer to our customers. If you feel that you are up to it: to have an interesting business and to have a steady income, then talk to us. You do not need to have any special knowledge - full training and support will be provided by us. For more details please contact our Business Development team at business@forex-metal.com or talk to our operators via live chat and they will put you to the right person. Open Account |  Economic Calendar |  Forex for Beginners Forex Metal T: 1-866-464-0944 F: 1-800-689-8298 E: info@forex-metal.com You are receiving this newsletter because you or someone using your e-mail address has opened an account with us and opted to receive regular information on our services. To unsubscribe please click here Forex-Metal 7-th floor, Century Tower, Ricardo J.Alvoro Ave, Panama, ,

Market review for 21.06.12: The WTI Oil futures dropped below $ 80 a barrel for the first time in eight months today on the NYMEX. ded with $267 billion.

Email not displaying correctly? View it in your browser Asian and European trading sessions: Euro: Today, on Thursday 21, the Euro currency fell against its competitors on the background of expectations of the negative results of the auction of Spain bonds and the reports on business activity in the manufacturing and service sectors of euro zone. The analysts were expected the worst in the last three years result for the euro region. The EUR / USD pair fell during the Asian session to the level of $1.2660. The pressure on the euro during the European session had a weak result of the report on business activity in the industrial sector in Germany and the Euro zone as a whole, which was below forecasts. In details, the German Purchasing Manager Index Manufacturing and the German Purchasing Manager Index Services dropped in June to 44.7 vs. forecasted 45.2 and 50.3 vs. forecasted 51.5 values respectively.The speculations that the results of audit of the Spanish banks would be much worse than market expectations meaning by this, that the amount of the recently approved financial assistance of 100 billion Euro for Spain will not be enough for covering all expenses, also put pressure on the currency. As the result, the EUR / USD pair traded dropped to the area of $1.2605. U.S. Dollar: The demand for dollars remained limited on the Asian trading session because the Fed in its yesterday speech did not exactly rejected the possibility of the next round of quantity easing program. However, the European session showed strong demand for the currency due to the falling stock indices and growing of negative market sentiment. Japanese Yen: The USD / JPY pair rose to yesterday's highs of Y79.74 during the Asian session. The yen slightly declined during the European session on the published information which revealed that the percentage of lawmakers in the leading party in Japan who vote for taking additional measures for stimulating the economy has increased. The USD / JPY couple showed up above the level of Y80.00 during the European session. New Zealand dollar: The New Zealand economy grew for the last quarter on the fastest pace in five years. This was informed by today's reports on the change of the GDP value during the three months ended March 3. The value rose by 1.1% compare with the previous quarter when it grew by 0.4%. The New Zealand dollar rose after this publication. However, its growth was limited due to the also published today reports from China the outcome of which was negative. The preliminary manufacturing PMI index provided by HSBC reached the mark of 48.1, against 48.4 in May thus continued its decline for the eighth consecutive month. The China's economic statistics usually very important for New Zealand due to the fact that China is the second largest trading partner of the country.   American trading session:   Euro: The EUR / USD pair dropped to the level of $1.2532 on information that the Moody's Rating Agency may downgrade ratings of the largest banks, including the British Banks.   Japanese Yen: The yen weakened to its lowest level against the dollar in nearly a month. The USD / JPY pair reached the Y80.32 area at the American trading session. Gold: The Gold fell against weak macroeconomic statistics from the U.S., China and the euro zone which were published today. The July gold futures on the COMEX today fell to 1565.0 dollars per troy ounce   Oil: The Oil dropped below $ 80 a barrel for the first time in eight months today on the NYMEX against the backdrop of weak economic data, which increased the fears of slowing of the world economy thus decreased demand for the "black gold". The fact of the availability of commercial stocks of crude Oil in U.S at the record level for the last 22 years at 387.3 million barrels the level of July 1990 pressured the Oil prices all the way down to today's lows. The WTI closed this day falling to the region of $78 per barrel..   To unsubscribe please click here Forex-Metal 7-th floor, Century Tower, Ricardo J.Alvoro Ave, Panama, ,

Market review for 20.06.12: The FOMC meeting results: the rate kept at 0-0.25 %, the “Twist” program extended with $267 billion.

Email not displaying correctly? View it in your browser Asian and European trading sessions:     Euro: At the Asian session the euro currency was traded slightly higher against almost all its competitors in anticipation of tomorrow's auction of government bonds of Spain. The previous auction which was conducted on June 18 showed a growth of the Spanish securities' yield issued for 10 -year-old period to 7.29 %. The yield fell a bit after but still remained above 7% mark which considered as a very high and critical. The securities which maturities in 2014, 2015 and 2017 will be placed on tomorrow's auction. The EUR / USD pair tested the level of $1.2690 during the Asian session and then continued climbing to the highs of the last week $1.2720 on the European session.   U.S. Dollar: The expectation of the results of the finishing today a two-day's meeting of heads of the Federal Reserve provided some pressure on the currency. Demand for the dollar was limited because many market participants were awaited to hear an announcement about new measures like a new round of quantitative easing for stimulating the United States economic growth.   British Pound: The GBP / USD pair was traded between $ 1.5717 -$ 1.5744 during the Asian session. On the backdrop of publication of the protocol of the last meeting of the Committee on Monetary Policy Bank of England the pound steeply fell against the dollar yet quickly rebounded after. The published protocol showed that the number of committee members who advocate for increased program of asset purchases has increased. There were also economic statistics on the UK labor market published today, which had not any significant impact on the British currency trading dynamics. The Claimant Count resulted 4.9% and the Unemployment Rate recorded 8.2 % as it was expected. The negative came from the published report of Jobless Claims Change which recorded an increase in the number of jobless claims applications for employment by 8.1K, while was expected a decline by 3.1K. The GBP / USD pair, however, updated its yesterday's high, reaching $ 1.5776 area.   New Zealand dollar: The New Zealand dollar fell on the background of publication of the government report today which recorded the country's current account deficit over the past 3 months at 4.8% of GDP, against 4.2 % in the previous quarter. At the same time, the Gross Domestic Product showed a growth at the first quarter of 2012 (YoY) to the 2.4% versus forecasted 1.3% and leaded market participants to open buy positions on currency. American trading session: Euro: The EUR/USD pair as usual had volatile fluctuations while the announcement of the results of a two-day meeting of the FOMC. Today the Fed decided to keep rates within the range of 0-0.25 % and the operation called "Twist" aimed to lowering long-term interest rates by selling short-term bonds has been extended to the end of the 2012 year with approximately buying amount of 267 billion dollars. Also, the statements of the German Chancellor, Angela Merkel about the discussions of purchases of the stabilization fund bond provided some pressure on the currency and helped the euro to update daily lows against the dollar.   U.S. Dollar: The Dollar came under pressure on the background of the growth of the stock markets. Currency declined against its major competitors.   Japanese Yen: After a brief recovery on the background of the Fed decision the yen resumed its decline against other traded currencies. The reason for the continuation of the downtrend was information that the Japanese lawmakers were close to reach an agreement on tax measures aimed to the lowering rate of the national currency.   Gold: The Gold prices also had a volatile session today as investors were waiting the U.S. Federal Reserve statement on the results of a two-day meeting. The June gold futures on the COMEX today fell to 1590.6 while the publication then jumped to the level of $1620 dollars per troy ounce.   Silver: The Silver futures closed this day at $27.98 per troy ounce mark.   Oil: On Wednesday the U.S. Department of Energy announced that for the week ended June 15 the amount of Oil in inventories grew up by 2.86 million barrels, or 0.7 % - to 387, 3 million barrels versus the analyst's forecasts of a decline by 1.3 million barrels. The cost of the WTI July futures today declined to $ 80.85 per barrel today on the NYMEX.   Technical analysis for 21.06 EURUSD The pair is trying to rise to the Moving Average (100) at 1.28630. Resistance: 1.26897, 1.28630, 1.30277 Support: 1.25690, 1.23907, 1.21813   GBPUSD The pair has tested Moving Average and rolled back to 1.56722. Resistance: 1.58543, 1.60322, 1.62050 Support: 1.56722, 1.54842, 1.53482   USDCHF The pair stays below 0.95074, it may bring pair to decline to 0.93949. Resistance: 0.95074, 0.96220, 0.97427 Support: 0.93949, 0.93069, 0.92026   USDJPY The pair has risen to the Moving Average (100) at 79.707. Resistance: 79.707, 80.438, 81.399 Support: 79.070, 78.345, 77.539   AUDUSD The pair has tested Moving Average (200) and rolling back to 1.00907. Resistance: 1.01744, 1.02558, 1.03535 Support: 1.00907, 1.00067, 0.99207     To unsubscribe please click here Forex-Metal 7-th floor, Century Tower, Ricardo J.Alvoro Ave, Panama, ,

Market review for 19.06.12: The Economic Sentiment in Europe showed a disappointed result

Email not displaying correctly? View it in your browser Asian and European trading sessions:     Euro: The EUR / USD pair rose to $ 1.2613 during the Asian session. Today's report of Economic Sentiment in a business sphere in Germany derived from conducted by ZEW institute survey recorded a decrease to the level of -16.9 points versus forecasted 2.3points. The Economic Sentiment in a business sphere in Europe as a whole was also disappointed; the value there dropped to -20.1 points compared with -2.4 for the previous month. This very weak data as well as the published results of auctions of government bonds in Spain had a temporary pressure on the EUR/USD couple. The pair dropped to a level of $1.2567 at the beginning of the session where it found a significant support. The result of the Spain auction today revealed that Spain attracted 3.039 billion Euros for 12 and 18 months bonds with target of 3 billion Euros. The average yield, however, increased above 5%, which is considered as a high level.   U.S. Dollar: The U.S. dollar continued to fall on expectations of investors that the currency would fell against most traded currencies this week. The fact of started today the two-day meeting of the FOMC where the new possible measures of quantitative easing would be in focus caused some pressure on the dollar.   British Pound: The GBP / USD pair traded in a narrow range between $ 1.5675 -$ 1.5695 levels during the Asian session. The pound started to lose its position falling against the dollar at the beginning of the next following session after the published statistics recorded a decrease in the Core Consumer Price Index in May to the level of 2.2% (y / y), compared with an expected value of 2.3% and in April's value of 2.1%. The report on Consumer Price Index of May was also negative; the value fell to the level of 2.8% (y / y) vs. forecasted 3.0%. Al these results thus telling about the reducing of inflation in UK might give the Central Bank of England more options for providing additional measures for stimulating the economy. Japanese Yen: The Japanese yen rose on background of rising demand for save heaven assets in anticipation of the outcome of the G20 leaders meeting in Mexico. The meeting primarily devoted to discuss on the debt crisis in the euro zone. The USD / JPY pair fell to the level of Y78.83 during the Asian session yet retreated on next following session to the Y79.1 area.   American trading session: Euro: After a European official said that "three donors" would review the conditions for providing the financial aid for Greece the euro strengthened against the dollar. The EUR/USD pair touched the level of $1.2728.   Gold: The price of gold reached two weeks high, the level of $1.633 per troy ounce, however by the end of the session the July Gold futures today closed this session at 1618.40 dollars per troy ounce today on the COMEX.   Oil: The cost of the July futures contract for WTI crude oil at the NYMEX rose to $ 84.43 a barrel.   Technical analysis for 20/06 EURUSD The pair is trading between 1.26897 and 1.23907. Resistance: 1.26897, 1.28630, 1.30277 Support: 1.25690, 1.23907, 1.21813   GBPUSD If the pair stays above 1.56722 the pair will rise to 1.58543. Resistance: 1.58543, 1.60322, 1.62050 Support: 1.56722, 1.54842, 1.53482   USDCHF The pair stays below 0.95074, it may bring pair to decline to 0.93949. Resistance: 0.95074, 0.96220, 0.97427 Support: 0.93949, 0.93069, 0.92026   USDJPY The pair is trading below 79.070, this may bring the pair to 78.345. Resistance: 79.707, 80.438, 81.399 Support: 79.070, 78.345, 77.539   AUDUSD The pair is aiming to the Moving Average (500) at 1.02903. Resistance: 1.02558, 1.03535, 1.04407 Support: 1.01744, 1.00907, 1.00067 To unsubscribe please click here Forex-Metal 7-th floor, Century Tower, Ricardo J.Alvoro Ave, Panama, ,

Market review for 18.06.12: The conservative party “New Democracy “is the winner of the parliamentary elections in Greece.

Email not displaying correctly? View it in your browser Asian and European trading sessions:   Euro: The euro grew against almost all its competitors after the result of preliminary estimates indicated the victory of the conservative party "New Democracy "in parliamentary elections in Greece. The "New Democracy "party is a supporter of compliance agreements with international lenders, programs of financial support of the country and the course of economic reforms. The EUR / USD pair opened the earlier Asian session with gap up and moved higher to $1.2745 updating its monthly high. According to results, the winner of the elections, the Conservative party "New Democracy" leading by Antonis Samaras gained 29.7%.  However, the couple was not able to hold achieved positions and slide down to the $1.2670 level, high of the previous week. During the European session, the euro continued to decline on background of market participants' doubts about the ability of the new parliament to form a strong government and fulfill their earlier commitments. Also there were still concerns on the situation with the banking system in Spain, where the amount of bad loans in April jumped to 152.74 million Euros which is an increase of 8.72 % compared with 8.37% of March's. The EUR / USD pair declined to the level of $ 1.2618 during the European session.   U.S. Dollar: On the background of raising the World markets stock indices as well as on decreased demand for save haven assets the dollar fell against most major currencies.   British Pound: The GBP / USD couple traded in a range of $ 1.5690 -$ 1.5727 during the Asian session. The pair fell into the region of $ 1.5650 at the European trading session.   American trading session:   U.S. Dollar: The dollar was able to gain back all its previously lost positions. The dollar index hit the level of 82.33 during the American session.   Gold: The Gold prices started this week with volatile. They tested lows of the June 12, the $1604 level at the opening, yet rebounded quickly to the highs of last Friday, the $1629.4 mark on optimistic with regard to results of the Greek elections. During the session the Gold was able to keep this level and closed it at $1629.8 per troy ounce.   Silver: The Silver prices opened this day near the last week highs of $29.02 per troy ounce.As agold the Silver had a volatile sessions dropping to the lows of $28.30 than raising to the of $28.85.   Oil: The results of the FOMC meeting published this week which are waiting by many market participants would affect Oil prices in terms of the announcement of the decision on the additional stimulus for US country. Meanwhile, the price of oil WTI dropped to $ 82.05 per barrel today on the NYMEX. Technical analysis for 19/06 EURUSD The pair is trading between 1.26897 and 1.23907. Resistance:  1.26897, 1.28630, 1.30277 Support:  1.25690, 1.23907, 1.21813   GBPUSD If the pair stays above 1.56722 the pair will rise to 1.58543. Resistance:  1.58543, 1.60322, 1.62050 Support:  1.56722, 1.54842, 1.53482   USDCHF The pair is trading below channel line (0.96220) and may decline to 0.95074.  If this level is broken the pair will decline to 0.93949. Resistance:  0.96220, 0.97427, 0.98512 Support:  0.95074, 0.93949, 0.93069   USDJPY The pair is trading below 79.070, this may bring the pair to 78.345. Resistance: 79.707, 80.438, 81.399 Support:  79.070, 78.345, 77.539   AUDUSD The pair has reached Moving Average (100) at 1.01744. Resistance:  1.01744, 1.02558, 1.03535 Support: 1.00907, 1.00067, 0.99207 To unsubscribe please click here Forex-Metal 7-th floor, Century Tower, Ricardo J.Alvoro Ave, Panama, ,