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.