Market review for 22.11.2011:The IMF Board approved two new credit packages to limit and fight the spreading of the debt crisis.

Forex-Metal Daily Market Review and Technical Analysis Send to a Friend |  Visit our website |  Unsubscribe Wed, 23 Nov  2011 Daily review for 22.11. 2011 The IMF Board approved two new credit packages to limit and fight the spreading of the debt crisis.   Asian and European trading sessions: Euro: The Euro recovered against most major competitors after the credit rating agency Moody's confirmed the U.S. credit rating at the AAA level. The EUR/USD pair continued rising and recorded its today's high at $1.3566 area, even despite the fact that a representative of the German authorities said that Germany had no additional plans to address the EU debt crisis. US Dollar: The US dollar retreated against the major currencies amid positive dynamics in the main European stock markets and US indices' futures and decreasing demand for safe-haven assets. British Pound: The GBP/USD pair traded within $1.5618 to $1.5688 levels. The report, which recorded decline in Public Sector Net Borrowing in the UK did not support for the pair. Japanese Yen: The yen fell against most major currencies after a leading credit rating agency, Moody's confirmed the U.S. credit rating at the highest AAA level, thereby reduced demand for Japan's currency as safe-haven asset.   American trading session: After the announcement of IMF Board's approval of two new credit packages for increasing the credit available to fight the spreading of the debt crises, the Euro and other risky assets had a push to grow. Oil: The WTI oil future on the NYMEX trading rose for the first time in four days  by 1.02 dollars to 97.72 dollars per barrel. The drop of the oil, which started last week happened amid fears that the new sanctions against Iran and protests in Egypt would lead to a breach of oil delivers. Gold: The Gold went up to 1698.95 dollars per troy ounce. The main reason for that was the weakness of the US dollar.        technical analysis for 23.11, 2011    EURUSD The pair stays above Fibonacci 50%  1.35000. The pair may rise to 1.35984. Resistance:  1.35984, 1.37486, 1.38554 Support:  1.34882, 1.33143, 1.31674 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 rolled back to 0.91079 and trying to rise to 0.92026. 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 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.