Market review for 18.01.12: The positive results of Germany’s and Portugal’s government bonds supported to the Euro currency today.

Forex Metal Daily Newsletter Send to a Friend |  Visit our website |  Unsubscribe Thursday, 19 Jan 2012 Daily review for 18.01, 2012 The positive results of Germany's and Portugal's government bonds supported to the Euro currency today.   Asian and European trading sessions: Euro: Against the background of making attempts to force the Greek private lenders such as banks, insurance companies and hedge funds to agree to cancel 50% of the country's debt in their holding the euro was rising during the today's Asian trading session. The EUR / USD couple strengthened to the level of $1.2805. The results of the auctions of Germany's governments' bonds today, which raised 3.44 billion euro for 2 years as well as of Portugal's bonds of 2.5 billion euro with targeted 2-2.5 billion euro, were also supportive for the Euro currency's positive trading dynamics. The EUR / USD pair continued its uptrend to the highs of $1.2852.   US Dollar: The US dollar fell against most major currencies amid the reduced demand for safe assets. The declined demand for relatively safe assets started to be appeared after the published information by IMF which informed of increasing its lending resources to $ 500 billion in order to protect the global economy.   British Pound: The GBP/USD pair traded in the range of $1.5326- $1.5385 during both sessions and recorded its European trading session's maximum by reaching the level of $1.5394.   Australian dollar:  The Australian dollar traded near its highs levels. These levels are the highest levels for the past 11 weeks. Today's reasons for that kind of positive dynamic were anticipations of tomorrow's report on employment rate of Australia. According to the analysts expectations it would have been a growth of jobs positions in December.     American trading session: Oil: The cost of February's WTI futures dropped to 99.97 dollars per barrel. The Oil fell against the backdrop of rising tensions between Iran and Saudi Arabia, two major OPEC producers, and lowering the growth of the global economy's forecasts by the World Bank.   Gold: The Gold prices were stable today and traded in a range of 1642.1 - 1661.7 dollars per ounce.   TECHNICAL ANALYSIS  FOR 19.01, 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. First aim is at the 1.54842. 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:  0.93949, 0.95074, 0.96220 Support:  0.93069, 0.92026, 0.91079 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). The pair has reached upper level of the figure and may roll back to 1.03535. Resistance: 1.04407, 1.05332, 1.06164 Support: 1.03535, 1.02558, 1.01744         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.