Market review for 01.12.11: Beige Book report saves the greenback.

Forex-Metal Daily Market Review   Send to a Friend |  Visit our website |  Unsubscribe Fri, 02 Dec 2011 Daily review for 01.12, 2011   Beige Book report saves the greenback.   Asian and European trading sessions: Euro: On Wednesday the EUR/USD pair started to strengthen and reached the $1,3000 level during the morning trading. Euro continued to strengthen after the successful auction of the Portuguese state bonds. Market participants are waiting for the bond auction of Spain and Italy, which are planned for this Thursday. In addition, the European leaders confirmed their intentions to expand the Euro-zone financial support program.  US Dollar: The US dollar rate decreased against its counterparts on Wednesday. British Pound: The GBP/USD pair showed new maximum of $1.5780. But the negative release of the UK trade balance, which turned out to be below expectations, pressured the sterling. Japanese Yen: The greenback dropped against the yen as well, and the USD/JPY pair decreased to the Y83,00 level. Australian Dollar: Australian dollar continued to weaken due to the flood. Canadian Dollar: Canadian dollar strengthened, due to the expected positive fundamentals, which may show house prices growth in Canada. Oil: Oil traded around the maximum of $91.24, and the reduction in the US oil supply supported the consolidation of the oil rate.   American trading session: US Dollar: The released Beige book report supported the US dollar, and the greenback won back its previously lost positions. The report confirmed the increasing number of US economy growth rate signs.                     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.