Market review for 02.11.2011: Unfavorable market conditions may delay the bond issue.

Forex-Metal Daily Market Review and Technical Analysis Send to a Friend |  Visit our website |  Unsubscribe Thu, 03 Nov  2011 Daily review for 02.11. 2011 Unfavorable market conditions may delay the bond issue.   Asian and European trading sessions: Euro: During the Asian and European trading sessions, the euro showed correction after yesterday's decline against the US dollar, setting his daily high at $1.3827 level. The rumours were pressuring the markets today: The European Financial Stability Fund (EFSF) may delay the planned 3-billion-dollar bond issue because of unfavourable market conditions.   US Dollar: The US dollar fell against 11 of the 16 major currencies, amid expectations for not very positive economic statistics from the US. Speculations that the FRS would signal with its willingness to proceed with the purchase of assets or launch another program of quantitative easing pressured the greenback as well.   British Pound: Trade range of the both sessions for the GBP/USD pair ranged $1.5944 - $1.6044. Japanese Yen: The yen rose against major currencies, after increased speculations relative to worsening in the situation with the debt crisis in the EU. Thus the demand for the safe assets had increased today.   Gold: The price of gold rose against the background of problems of the debt crisis in EU. Today the cost of the December gold futures in New York rose for $ 32.3 to $ 1.744,17 per troy ounce.   Oil: Oil rose for the first time in four days after the release of statistical data on U.S. employment and oil reserves, and a weakening of the US dollar ahead of Fed statement. The cost of the December futures on U.S. light crude oil WTI (Light Sweet Crude Oil) in trading in New York rose to 93.74 dollars per barrel.   American trading session: US Dollar: US dollar compensated its losses against the Euro after the Federal Reserve increased its estimation of the economy. The statistics of the market for employment published today also showed support to the dollar.       technical analysis for 03.11, 2011   EURUSD The pair has declined to the Moving Average (500) at 1.35984. Resistance:  1.37486, 1.38554, 1.39600 Support:  1.35984, 1.34882, 1.33143 GBPUSD If the pair stays above the Moving Average (200) at 1.60322 the pair will continue rising to 1.62050 and 1.63316. If the pair stays below 1.60322 the pair will decline to 1.58543. Resistance:  1.60322, 1.62050, 1.63316 Support:  1.58543, 1.56722, 1.54842 USDCHF The pair has reached resistance 0.89635 and rolling back to 0.88418. Resistance:  0.89635, 0.91079, 0.92026 Support:  0.88418, 0.87214, 0.85939 USDJPY The pair has declined to 78.345 and aiming to 77.539. Resistance: 78.345, 79.070, 79.707 Support:  77.539, 76.463, 75.425 AUDUSD The pair's resistance is 1.03535, support is 1.02558. Resistance:  1.03535, 1.04407, 1.05332 Support:  1.02558, 1.01744, 1.00907                 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.