Thứ Ba, 17 tháng 1, 2012

Market review for 16.01.12: The good news for the Euro: France placed its government bonds on 8.59 billion euro compared with planned 7, 4-8, 7 billion euro.


Forex Metal Daily Newsletter

Daily review for 16.01, 2012

The good news for the Euro: France placed its government bonds on 8.59 billion euro compared with planned 7, 4-8, 7 billion euro.

 

Asian and European trading sessions:

Euro: The Euro reached a new low of $1.2627 against the US dollar on Monday during the Asian trading session. The Euro currency was negatively influenced because of the lowering the credit ratings of some Europeans countries made by Standard & Poor rating agency on Friday. The EUR / USD pair traded in a range of $ 1.2627 -$ 1.2686 for the rest of this trading day. The good news for the Euro currency was that France placed its government bonds on 8.59 billion euro compared with planned to 7, 4-8, 7 billion euro.

British Pound: The trading range for the GBP / USD during both sessions was the range of $ 1.5281 to $ 1.5327.

 

Japanese Yen: The USD / JPY pair dropped to the area of ??Y76.69 during the European trading session.

Australian dollar: The Australian dollar firstly fell along with stocks at the beginning of Asian trading on the background of downgraded rating rate of some European countries on Friday night, as solutions made by agency Standard & Poor's.

Gold:

 

Oil: The WTI oil futures went up recording their sessions high at $99.93 area.

 

Gold: The Gold in today's trading increased to 1648.50 per troy ounce.

 

American trading session:

In observance of Martin Luther King Day, the U.S. stock markets were closed today, on Monday.

 


TECHNICAL ANALYSIS  FOR 17.01, 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. If the pair breaks 1.26430 the pair will drop to 1.23907.

Resistance:  1.28630, 1.30277, 1.31674

Support:  1.26897, 1.25690, 1.23907

GBPUSD

The pair has MACD convergence that may support pair to start upwards corrections.

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. The triangle's upper level is 1.04407 (figure resistance), lower level is 0.99207 (support).

Resistance: 1.03535, 1.04407, 1.05332

Support: 1.02558, 1.01744, 1.00907

 


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