Market review for 28.11.2011: Today the demand for the Government bonds of European countries showed a significant increase.

Forex-Metal Daily Market Review and Technical Analysis Send to a Friend |  Visit our website |  Unsubscribe Tue, 29 Nov  2011 Daily review for 28.11. 2011 Today the demand for the Government bonds of European countries showed a significant increase.   Asian and European trading sessions: Euro: After the TV news on France24 channel, the Euro strengthened against its competitors during the Asian. The EUR/USD pair jumped to $1.3292 level and then went to its daily high of 1.3396 during the European trading session. The news contained the information about the emergency credit to Italy that was offered by International Monetary Fund (IMF). The credit, whose size can range from 400 to 600 billion Euro might be given with the discounted interest rate on it - from 4% to 5 %. However, when this information was denied by official from the IMF the euro gave up its earlier positions. Today the attention of market participants was also focused on the yield's dynamics of the European countries bonds during the auctions that were held in Italy, Belgium and France. Japanese Yen: The Yen showed today an increase and rose to Y78.23 from Y77.56 to US Dollar during both trading sessions. Oil: WTI also gapped today, like the Euro currency, and grew to its daily high of 100.71 area at the beginning of the Asian session. Its daily close hit $97.76 mark. Gold: With the decreasing of the demand for US Dollar today the Gold prices closed today at 1711.25 level. New Zealand dollar: The New Zealand dollar rose versus 16 major currencies after Prime Minister John Key was re-elected for another term.     American trading session: British Pound: After the release of unfavorable report of Retail Sales Index of the Confederation of British Industry in November recorded -19 versus forecasted -12  the British pound fell against major traded currencies.        technical analysis for 29.11, 2011    EURUSD The pair has broken support and declined to the next support level at 1.33143. If the pair stays above this level the pair will rise to 1.34882. Resistance:  1.34882, 1.35984, 1.37486 Support:  1.33143, 1.31674, 1.30277 GBPUSD The pair has declined to 1.54842. If the pair stays above this level the pair will rise to 1.56722.  Resistance:  1.56722, 1.58543, 1.60322 Support:  1.54842, 1.53482, 1.52063 USDCHF The pair has risen to the Moving Average (500) at 0.93069 and rolling back to 0.92026.  Resistance:  0.93069, 0.93949, 0.95074 Support:  0.92026, 0.91079, 0.89635 USDJPY The pair is trying to rise to the Moving Average (200) at 78.661. Resistance: 78.345, 79.070, 79.707 Support:  77.539, 76.463, 75.425 AUDUSD The pair has found resistance at 0.99207 and may roll back to 0.98436. Resistance: 0.99207, 1.00067, 1.00907 Support:  0.98436, 0.97423, 0.96579                                   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.