Market review for 05.09.2011: US dollar strengthens.

Forex-Metal Daily Market Review and Technical Analysis Send to a Friend |  Visit our website |  Unsubscribe Tue 06  Sep  2011 Daily review for 05.09, 2011   Market review for  05.09.11: US dollar strengthens.   Asian and European trading sessions: Euro: German Chancellor Angela Merkel could not get maximum votes, which resulted in a considerable drop of the euro. EUR/USD pair decreased to $1.4109 minimums. The euro dropped to its 3-week minimums against the yen as well. US Dollar: Market instability supported the demand for the save-heaven assets, and the US dollar strengthened.   British Pound: Released UK statistics influenced the dynamics of the pound. The Purchasing Manager index (services) decreased in August to 51.1 against expected 54.0. Therefore, the GBP/USD reached minimums of $1,6100. Japanese Yen: The USD/JPY pair traded in the range of Y76,70-Y76,95. Swiss Franc: As a save-heaven currency, the Swiss franc was supported against its competitors as well today. Decrease of the main European stock markets rendered support to the save-heaven assets. Gold: Gold reached the $1,900 level again.   American trading session: Financial markets in the US were closed on Monday due to the celebration of the Labor Day.           technical analysis for 05.09, 2011    EURUSD   The pair has declined to 1.40690. If this level is broken the pair will decline to 1.39600.   Resistance:  1.41780, 1.42996, 1.44400   Support:  1.40690, 1.39600, 1.38554   GBPUSD   The pair is aiming to 1.60322.   Resistance:  1.62050, 1.63316, 1.64636   Support:  1.60322, 1.58543, 1.56722   USDCHF   The pair's resistance is 0.79115, support 0.77849.   Resistance:  0.79115, 0.80313, 0.81356   Support:  0.77849, 0.76605, 0.75450   USDJPY   The pair has declined to the support level at 76.463. If this level is broken 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 broken Moving Average (100) and aiming to test Moving Average (200) at 1.04068. But there is unclosed gap at 1.06381 and the pair may try to close it.   Resistance:  1.06164, 1.07005, 1.07739   Support:  1.05332, 1.04407, 1.03535                 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.