Market review for 29.09.11: Euro strengthened after the German Parliament accepted changes in the EFSF.

Forex-Metal Daily Market Review   Send to a Friend |  Visit our website |  Unsubscribe Fri, 30 Sep 2011 Daily review for 29.09, 2011 Market review for 29.09.11: Euro strengthened after the German Parliament accepted changes in the EFSF.   Asian and European trading sessions: Euro: During the Asian trading session Euro won back its yesterday's losses against the US Dollar and Japanese Yen. The currency was rising on the background of today's voting held in Germany regarding the expansion of EFSF (European Financial Stability Fund). Since the start of the Asian trading the UER/USD pair had increased significantly and showed its session highs around the  $1.3678 area. The pair dropped after the report of the results of today's auction of government bonds in Italy. The EUR/USD was forced to decrease  to $1.3604 level. British Pound: The GBP/USD pair traded today with an increase and showed its highs during the European session at $1.5712 area. The pair traded in the range of $1.558 - $1.5713. Japanese Yen: The USD/JPY pair traded in the narrow trading price range. The demand for the currency with "safe haven" status had been reduced because of the rising European stock market and the U.S. indices' futures. As a result, during the European trading session the Yen weakened and the pair set its high at 77.01 mark against the US Dollar. The USD/JPY pair could not climb higher than that level and stepped back to Y76.61 zone.     American trading session: US Dollar: Amid reduction of the US market indices during the middle of session the US Dollar began to restore the lost positions against the major currencies. Euro: The beginning of the American session was accompanied by the increase in the Euro, which reached weekly maximum against the dollar after the EFSF expansion approval by the House of Commons of Germany. New Zealand Dollar: After the credit rating was reduced in New-Zealand, the national currency dropped as well.     British Pound: Pound grew after the statement of the representative of the SNB said that the Bank planning an increase of the portion of investments into the pound. Gold:  Set its closed price at 1.626$ per ounce             Useful Links Discuss currency news with other traders in FX2Day forum: https://fx2day.net/forum/mvnforum/index Download free demo platform: https://forex-metal.com/home/download Ready to open a real account to start trading? You can do it here: https://forex-metal.com/accounts/new Did you know that you can earn commission simply for referring a friend to us? There are 3 commission options you can choose from. To learn more please visit our Introducing Brokers page: https://forex-metal.com/broker_inquiries/new Watch our new commercial at YouTube: http://www.youtube.com/watch?v=o0fQEydv-3M Open Account |  Economic Calendar |  PIP Value Calculator |  Forex for Beginners   Forex Metal T: 1-866-464-0944 F: 1-800-689-8298 E: info@forex-metal.com You are receiving this e-mail because you have subscribed to free daily FX news via Forex-Metal.com website. If you do not want to receive any e-mail messages from us please send a message to support@forex-metal.com with UNSUBSCRIBE in the subject line. Please do not reply to this newsletter.

Market review for 28.09.2011: : Concerns over the situation in Europe are growing.

Forex-Metal Daily Market Review and Technical Analysis Send to a Friend |  Visit our website |  Unsubscribe Thu, 29 Sep  2011 Daily review for 28.09, 2011 Market review for 28.09.11: Concerns over the situation in Europe are growing.   Asian and European trading sessions: Euro: The Asian trading session demonstrated drop of the euro against the US dollar. During the European trading session the EUR/USD pair showed temporary maximum at the $1.3690 level, and then stepped back to the  $1,3640 range. The discussions over the increase of the European financial stability  fund supported the euro today. Germany is supposed to make a final decision this Thursday (the fund will be increased only if all the 17 countries participants' would agree upon this increase). US Dollar:  The greenback was supported during the European trading session, due to the negative dynamics of the European stock indices.    British Pound: The GBP/USD pair traded in the tight range of $1.5600-$1,5670. Japanese Yen: The Japanese yen strengthened  against the major currencies. And the demand for the Japanese yen grew, as for the save-heaven currency.    Gold: Gold finished the trading day today at the $ 1.595 per ounce.     American trading session: US Dollar: During the American trading session market participants tried to get rid of risky assets, and the EUR/USD decreased to the $1,3540 level, and the GBP/USD dropped to $1,5600. Concerns over the situation in Greece reinforced, and the major stock US indices decreased. Euro: According to the released information, the ECB would not increase the interest rates during its meeting planned for the October 6-th.           technical analysis for 29.09, 2011   EURUSD If the pair stays above Fibonacci retracement 50% at 1.34882 the pair will rise to 1.37486. Resistance: 1.35984, 1.37486, 1.38554 Support: 1.34882, 1.33143, 1.31674 GBPUSD The pair is rising to 1.56722. If this level is broken the pair will rise to 1.58543. Resistance: 1.56722, 1.58543, 1.60322 Support: 1.54842, 1.53482, 1.52063 USDCHF The pair may start corrections and decline to 0.88418. Resistance: 0.91079, 0.92026, 0.93069 Support: 0.88418, 0.87214, 0.85939 USDJPY If the pair stays below 76.463 the pair will decline to 75.425. If the pair stays above 76.463 the pair will rise to 77.539. Resistance: 77.539, 78.345, 79.070 Support: 76.463, 75.425, 74.414 AUDUSD The pair is trying to return to 0.98436. Resistance: 0.98436, 0.99207, 1.00067 Support: 0.97423, 0.96579, 0.95611 Useful Links Discuss currency news with other traders in FX2Day forum: https://fx2day.net/forum/mvnforum/index Download free demo platform: https://forex-metal.com/home/download Ready to open a real account to start trading? You can do it here: https://forex-metal.com/accounts/new Did you know that you can earn commission simply for referring a friend to us? There are 3 commission options you can choose from. To learn more please visit our Introducing Brokers page: https://forex-metal.com/broker_inquiries/new Watch our new commercial at YouTube: http://www.youtube.com/watch?v=o0fQEydv-3M Open Account |  Economic Calendar |  PIP Value Calculator |  Forex for Beginners   Forex Metal T: 1-866-464-0944 F: 1-800-689-8298 E: info@forex-metal.com You are receiving this e-mail because you have subscribed to free daily FX news via Forex-Metal.com website. If you do not want to receive any e-mail messages from us please send a message to support@forex-metal.com with UNSUBSCRIBE in the subject line. Please do not reply to this newsletter.

Market review for 27.09.2011: : Willingness to take risks is back.

Forex-Metal Daily Market Review and Technical Analysis Send to a Friend |  Visit our website |  Unsubscribe Wed, 28 Sep  2011 Daily review for 27.09, 2011 Market review for 27.09.11: Willingness to take risks is back.   Asian and European trading sessions: Euro: The results of the meeting of the German Chancellor Angela Merkel and the Prime Minister of Greece George Popandrey rendered substantial support to the euro and increased investors' willingness to take risks. Angela Merkel confirmed that Greece was considered to be the integral part of the Euro-zone and that Germany would offer all the necessary support to Greece. At the same time the decision on ECB interest rates has not been agreed upon yet, which pressured the euro. Gold: The gold price showed increase up to $1659.60 mark per ounce. Oil: Oil prices showed considerable increase due to the expectations that European leaders would be able to prevent the European crises from spreading. Oil price reached the $83.73 maximums per barrel.   American trading session: Euro: Optimistic moods supported the risky assets during the American trading session. By the end of the trading day the Euro managed to win back its previously lost positions against the greenback and the EUR/USD pair grew to the $1,3580 level.   British Pound: The sterling strengthened as well, and the GBP/USD increased to the $1,5640 level at the end of the day. While its maximum has been reached at the $1,5700 mark.   Japanese Yen: The JPY/USD pair dropped to the  Y76.72 level.        technical analysis for 28.09, 2011   EURUSD The pair has broken Fibonacci retracement 50% at 1.34882 and aiming to 1.33143. Resistance:  1.34882, 1.35984, 1.37486 Support:  1.33143, 1.31674, 1.30277 GBPUSD If the pair stays below 1.54842 the pair will decline to Fibonacci retracement 23% at 1.53482. Resistance:  1.54842, 1.58543, 1.60322 Support:  1.53482, 1.52063, 1.50594 USDCHF The pair has reached Moving Average (200) at 0.86376 and may roll back to 0.84685. Resistance:  0.85939, 0.87214, 0.88418 Support:  0.84685, 0.83541, 0.82483 USDJPY If the pair stays below 76.463 the pair will decline to 75.425. Resistance: 77.539, 78.345, 79.070 Support:  76.463, 75.425, 74.414 AUDUSD The pair has reached support at 0.97423. If the pair breaks it the pair will decline to 0.96579. Resistance:  0.98436, 0.99207, 1.00067 Support:  0.96579, 0.95611, 0.94635 Useful Links Discuss currency news with other traders in FX2Day forum: https://fx2day.net/forum/mvnforum/index Download free demo platform: https://forex-metal.com/home/download Ready to open a real account to start trading? You can do it here: https://forex-metal.com/accounts/new Did you know that you can earn commission simply for referring a friend to us? There are 3 commission options you can choose from. To learn more please visit our Introducing Brokers page: https://forex-metal.com/broker_inquiries/new Watch our new commercial at YouTube: http://www.youtube.com/watch?v=o0fQEydv-3M Open Account |  Economic Calendar |  PIP Value Calculator |  Forex for Beginners   Forex Metal T: 1-866-464-0944 F: 1-800-689-8298 E: info@forex-metal.com You are receiving this e-mail because you have subscribed to free daily FX news via Forex-Metal.com website. If you do not want to receive any e-mail messages from us please send a message to support@forex-metal.com with UNSUBSCRIBE in the subject line. Please do not reply to this newsletter.