Market review for 29.11.2011: Expectations for the meeting of the EC Ministers of Finances pushed euro up.

Forex-Metal Daily Market Review and Technical Analysis Send to a Friend |  Visit our website |  Unsubscribe Wed, 30 Nov  2011 Daily review for 29.11. 2011 Expectations for the meeting of the EC Ministers of Finances pushed euro up.   Asian and European trading sessions: Euro: Euro demonstrated growth today due to the expectations for the meeting of the EC Ministers of Finances. Investors were looking forward to the set up plan for the expansion of the EFSF opportunities. The Italian Government bond auction, which showed positive results, supported the euro as well. US Dollar: According to the released information, the Consumer confidence index in November showed a sharp increase to 56 points. The Fitch Ratings reduced its US debt rating to a negative level, which pressured the American dollar. British Pound: British Pound showed its big move during the European trading session rising to $1.5655 from $1.5495. Japanese Yen: At the same time the Japanese yen started to lose its previously won positions. The unemployment rate in Japan for October increased for 4.5%. As a result, the USD/JPY pair set its daily lows at Y77.6. Australian and New-Zealand Dollars: The Australian and New-Zealand dollars rates' grew as the optimism for the development of the tax-budget solution for the debt crises in the region reinforced. Demand for the high-yielding assets increased.   American trading session: The euro dropped by the end of the trading day. Oil: Oil rate increased to $99,79 per barrel. Gold: Gold traded in the range of $1704 - $1718 per ounce.        technical analysis for 30.11, 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 nearly tested 1.56722. The pair may try to test this level again. Resistance:  1.56722, 1.58543, 1.60322 Support:  1.54842, 1.53482, 1.52063 USDCHF The pair has declined to 0.92026 and trying to break it. This may bring pair to test 0.91079. 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 is aiming to the Moving Average (100) at 1.01744 and Moving Average (200) at 1.02558. Resistance: 1.00907, 1.01744, 1.02558 Support:  1.00067, 0.99207, 0.98436                                   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.