Market review for 31.10.2011: :European unemployment reduces the euro rate.

Forex-Metal Daily Market Review and Technical Analysis Send to a Friend |  Visit our website |  Unsubscribe Tue, 01 Nov  2011 Daily review for 31.10. 2011 Market review for 31.10.11: European unemployment reduces the euro rate.   Asian and European trading sessions: Euro: Euro dropped against the main currencies after the release of the unemployment in Italy and in the EC in a whole. Employment volume turned out to be much worse than expected. Both sessions the EUR/USD pair traded in the range of $1.4118-$1,3906. US Dollar: US dollar grows against the background of the increased demand for the safe-haven assets and decreased world stock indices.   British Pound: The GBP/USD pair showed minimums around the $1.5960 mark and later on recorded its highs at the $1.6163 level. Japanese Yen: The yen dropped today against the US dollar after the intervention by the Japanese government, aimed to weaken the national currency. The USD/JPY pair marked its today high at Y79.50 and then reduced to Y78,03. Australian Dollar: The Australian dollar dropped against the greenback in anticipation of the Reserve Bank of Australia meeting, which could result in the reduction of the interest rate, according to the forecasts.   American trading session: The EUR/USD pair marked it today's low at $1.3828.   British pound showed considerable growth and reached its maximum against the greenback at the $1.6164 rate.         technical analysis for 01.11, 2011   EURUSD If the pair stays below Fibonacci 61% 1.38868 the pair will decline to the Moving Average (500) at 1.35984. Resistance:  1.38554, 1.39600, 1.40690 Support:  1.37486, 1.35984, 1.34882 GBPUSD If the pair stays above the Moving Average (200) at 1.60322 the pair will continue rising to 1.62050 and 1.63316. Resistance:  1.62050, 1.63316, 1.64636 Support:  1.60322, 1.58543, 1.56722 USDCHF The pair has found support at the Moving Average (100) and trying to rise to 0.88418. Resistance:  0.88418, 0.89635, 0.91079 Support:  0.87214, 0.85939, 0.84685 USDJPY The pair corrected to the Moving Average (200) at 79.070 and rolled back to support 78.345. Resistance: 79.070, 79.707, 80.438 Support:  78.345,77.539, 76.463 AUDUSD The pair's resistance is 1.06164, support is 1.05332. Resistance:  1.06164, 1.07005, 1.07739    Support:  1.05332, 1.04407, 1.03535           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.