Market review for 23.01.12:The Asian financial markets celebrated a New Year.

Forex Metal Daily Newsletter Send to a Friend |  Visit our website |  Unsubscribe Tuesday, 24 Jan 2012 Daily review for 23.01, 2012 The Asian financial markets celebrated a New Year.   Asian and European trading sessions:   Euro:  The euro fell at the beginning of the Asian trading session amid continuing disagreement in the negotiations on restructuring the debt of the Greece. The EUR/USD pair dropped to its daily low of $1.2875, but then recovered to $1.2902 and continued traded mostly around $1.2890 level where finally found its support. Coming later, the European session provided positive trend dynamics for the Euro currency and the EUR / USD couple updated its two week high of $1.3045 level. All these dynamics were amidst the background of speculations that the heads of the European countries at a coming meeting in Brussels will take decisive actions to address the debt crisis in the region. One of the main topics of the meeting will be the situation in Greece. Supported the euro currency today also the other market speculations of the positive results of the ongoing negotiations about 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.   British Pound: The GBP/USD pair traded today in the range of $1.5514- $1.5601.    American trading session:   Oil: The WTI oil futures on the NYMEX increased by 1.4% to $100.2.   Gold: The Gold prices were stable today and rose to 1680.8 dollars per ounce. Today, in observance of New Year according to lunar calendar, the financial markets in China, Hong Kong, Singapore, South Korea, and Taiwan were closed.           TECHNICAL ANALYSIS FOR 24.01, 2012   EURUSD The pair has found support at Fibonacci 23% and aiming to the next Fibonacci level 38% at 1.31150. Resistance:  1.30277, 1.31674, 1.33143 Support:  1.28630, 1.26897, 1.25690 GBPUSD The pair has MACD convergence that may support pair to start upwards corrections. First aim is at 1.54842, the second level at 1.56722. Resistance:  1.56722, 1.58543, 1.60322 Support:  1.54842, 1.53482, 1.52063 USDCHF On daily graph MACD divergence which might be a signal of downwards corrections. Resistance:  0.93069, 0.93949, 0.95074 Support:  0.92026, 0.91079, 0.89635 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 (resistance), lower level is 0.99207 (support). The pair tried to break it and can roll back to the triangle's line at 1.04407. Resistance: 1.05332, 1.06164, 1.07005 Support: 1.04407, 1.03535, 1.02558         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.