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.