Market review for 21.11.2011:Japanese Yen, Swiss Franc and U.S. Dollar grew due to increased demand for safe-haven currencies.

Forex-Metal Daily Market Review and Technical Analysis Send to a Friend |  Visit our website |  Unsubscribe Tue, 22 Nov  2011 Daily review for 21.11. 2011 Japanese Yen, Swiss Franc and U.S. Dollar grew due to increased demand for safe-haven currencies.   Asian and European trading sessions: Euro: Expectations for the weak macro-economic data of the EU region, which will be released this week out pressured the Euro currency today (in particular, the expected further decline of the German Ifo indicator and the PMI index). The EUR /USD pair fell to the area of ??$1.3428. Later, during the second part of the European trading session, the EUR/USD pair was able to partially recover to $1.3475 area, but pressure still remained. US Dollar: The US Dollar buyers were supported by decreasing European stock markets and the negative dynamics of major U.S. futures. Concerns regarding the situation in EU provided support for the dollar as the currency with the safe haven status. British Pound: The GBP/USD pair dropped below $1.5650 level to its daily lows at $1.5612 area. The main reason for that was the released announcement of the British Prime Minister Cameron who stated today that during the next week the Government will present the scale scheme of credit easing, as Great Britain must address the problem of its own debt. Japanese Yen: Upon the results of today's trading the Japanese Yen rose against the majority of currencies. The demand for safe assets increased against the rumors that the Democratic Party committee of the American Congress probably won't be able to agree on the reduction of deficiency in US during the today's meeting. The USD/JPY pair traded between Y76,75-Y76, 98 levels.   American trading session: The Euro grew after the report on Existing Home sales in the US which had also supported the US stock market. The EUR/USD strengthened and reached the level of $1,3540, which almost covered losses during the previous trading session.   Swiss Franc: The Swiss Franc grew against its competitors in connection with the withdrawal of investors' investments from the risky active assets and its increase in the demand for the "safe-haven" status currencies. Oil: The WTI futures on NYMEX closed at $97,06 for barrel with downturn on 71 cents. Gold: Continued its downtrend that had started last week. The today closed price hit the $1676 level.      technical analysis for 22.11, 2011    EURUSD The pair stays above Fibonacci 50%  1.35000. The pair may rise to 1.35984. Resistance:  1.34882, 1.35984, 1.37486 Support:  1.33143, 1.31674, 1.30277   GBPUSD The pair has reached support level at 1.56722 and trying to break it. This may bring pair to test 1.54842.  Resistance:  1.56722, 1.58543, 1.60322 Support:  1.54842, 1.53482, 1.52063   USDCHF The pair has reached 0.92026. The pair's aim is to test Moving Average (500) at 0.93069.  Resistance:  0.92026, 0.93069, 0.93949 Support:  0.91079, 0.89635, 0.88418   USDJPY The pair is aiming to test Moving Average (100) at 77.539. Resistance: 77.539, 78.345, 79.070 Support:  76.463, 75.425, 74.414   AUDUSD The pair has reached support 0.98436 and trying to break it. The pair may continue declining to 0.97423. Resistance: 0.98436, 0.99207, 1.00067, 1.00907 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.