Market review for 13.12.2011: The markets were focused on the FOMC meeting today.

Forex-Metal Daily Market Review and Technical Analysis Send to a Friend |  Visit our website |  Unsubscribe Wed, 14 Dec  2011 Daily review for 13.12. 2011   The markets were focused on the FOMC meeting today.   Asian and European trading sessions: Euro: During the Asian trading session the EUR/USD pair traded in range of $1.3160  to $1.3210. Credit rating agencies continued criticize the results of the yesterday's European summit and reinforced worries that the agreement would not be sufficient to contain the EU debt crisis .The report of the German institute ZEW, which recorded a growth of business  confidence of the largest euro zone economy and the EU as a whole in the first over the past 10 months, positively supported the dynamics of trading of the Euro currency and EUR/USD showed its daily high at $1.3235 level. US Dollar: The US dollar rose to a two-month high against the euro amid anticipations of auction for the EFSF. The market participants expected negative sales in connection of the possible reduction by Standard & Poor's agency the highest rating of the leading EU countries. British Pound: During both sessions the pound rose to its daily highs around $1.5620 area after the Royal Institute today announced that the of RICSS's house price balance index in Britain rose in November to - 17 %  amid rising demand versus – 24% in October and forecasted -25% . Japanese Yen: The USD/JPY pair traded in narrow range of Y77.70 to 77.95 during both sessions. The market were focused on Federal Reserve's meeting, the result of which would have been revealed during the American  trading session.   American trading session: Euro: The Euro currency had suffered another nasty spill, caused by a  new wave of negative media reports were that the German Chancellor Angela Merkel confirmed that she is opposed to increasing the maximum size of the European Stability Mechanism (ESM). The EUR / USD couple fell to $ 1.3020.   US Dollar: The FOMC decision , which  matched the predictions of market participants put pressure on the U.S. stock markets and in contrast supported the US dollar which rose against its competitors.   Oil: The  WTI futures grew by +2,25% today and closed at $100.30 level Gold: By the end of Tuesday the gold futures quoted at $ 16626.50 per ounce (-0.31 %), confirmed its daily lows at $1.622 area. The pressure on the gold still have the banks' sales, which are thus trying to improve the liquidity amid growing tension on the financing of the banking sector.   technical analysis for 14.12, 2011    EURUSD The pair has declined to support 1.30277. Resistance:  1.31674, 1.33143, 1.34882 Support:  1.30277, 1.28630, 1.26897 GBPUSD The pair has declined to 1.54842. If this level is broken the pair will decline to 1.53482. Resistance:  1.56722, 1.58543, 1.60322 Support:  1.54842, 1.53482, 1.52063 USDCHF The pair is aiming to 0.95074. Resistance:  0.95074, 0.96220, 0.97427 Support:  0.93949, 0.93069, 0.92026 USDJPY The pair has found support at 77.539 and aiming to 78.345. Resistance: 78.345, 79.070, 79.707 Support:  77.539, 76.463, 75.425 AUDUSD The pair may decline to Fibonacci 23% at 0.98771 if stays below 1.00907. 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.