Market review for 09.01.12: The Euro grew due to the positive expectation of meeting of leaders of Germany and France.

Forex Metal Daily Newsletter Send to a Friend |  Visit our website |  Unsubscribe Tuesday, 10 Jan 2012 Daily review for 09.01, 2012 The Euro grew due to the positive expectation of meeting of leaders of Germany and France.    Asian and European trading sessions:   Euro: During the Asian trading session on Monday the Euro was raising against its major competitors against the background of attention to the crucial meeting of leaders of Germany and France.  The EUR / USD pair strengthened to $1.27835 level at the beginning of the European trading session amid the positive expectations of this meeting. British Pound: The GBP/USD couple traded mostly in narrow trading range during both sessions. It's high was at $1.5467 and low around $1.5401 area . Australian dollar: The Australian dollar weakened against all 16 major currencies. The report of retail sales' in November provided by the Australian Bureau of Statistics  showed a decline compared with expectations.   In this regard, the trading dynamics of Australian dollar was negatively influenced before the beginning of the Asian trading session.    American trading session: Swiss Franc: The news Jo the resignation of the head of the Swiss National Bank Mr. Philipp Hildebrand which released today was supportive for trading dynamics of Swiss Franc. This resignation is related to the recent scandal of illegal operations with the use of insider information. The Swiss currency become stronger against its competitors after the head of the Swiss central bank had reported this issue.    Oil: The Oil dropped after the report of performance of German industrial production revealed its decline to 3.6% in November (YoY) compared forecasted 3.9%. Today, the February futures price of U.S. light crude oil fell to 100.10 dollars per barrel.   Gold: Gold prices were stable today and ended up closing at $1.611.44 per troy ounce.     TECHNICAL ANALYSIS for 10.01, 2012   EURUSD The pair has found support at Fibonacci 23% at 1.26430. If the pair stays above this level the pair will rise to Fibonacci 38% at 1.31150. Resistance:  1.28630, 1.30277, 1.31674 Support:  1.26897, 1.25690, 1.23907 GBPUSD The pair is trading in the narrow corridor between 1.56722 and 1.53482. Resistance:  1.54842, 1.56722, 1.58543 Support:  1.53482, 1.52063, 1.50594 USDCHF On daily graph MACD divergence which might be a signal of future corrections. If the pair stays below 0.95074 the pair will decline first to the Moving Average (500) at 0.93069. Resistance:  0.95074, 0.96220, 0.97427 Support:  0.93949, 0.93069, 0.92026 USDJPY The pair is trying decline to 76.463. If this level is broken the pair will continue declining to 75.425. Resistance: 77.539, 78.345, 79.070 Support:  76.463, 75.425, 74.414 AUDUSD The pair is trading in the triangle and aiming to the upper level of the figure at 1.04407. Resistance: 1.03535, 1.04407, 1.05332 Support: 1.02558, 1.01744,1.00907           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.