Market review for 25.01.12: FOMC kept the interest rate unchanged, in the range of 0% -0.25 %

Forex Metal Daily Newsletter Send to a Friend |  Visit our website |  Unsubscribe Thursday, 26 Jan 2012 Daily review for 25.01, 2012 FOMC kept the interest rate unchanged, in the range of 0% -0.25 %   Asian and European trading sessions:   Euro: During the Asian session the EUR / USD the pair traded in a narrow range of $ 1.3015 -$ 1.3049. The European trading session showed its decline to $1.2930 level where the couple found its low of the daily. The confidence of market participants that Greece and private lenders will not be able to reach an agreement on debt relief fell along with the euro currency The Euro dropped against its major competitors.   British Pound: The GBP / USD couple retreated from yesterday's highs during the Asian session. The pound fell after the report of GDP in Britain, which showed decrease in the 4th quarter by 0.2 % when expectations of a decline were by only 0.1%. The GBP / USD pair recorded its daily low reaching at $ 1.5530.     Japanese Yen: The yen fell against all 16 major currencies after Japan, for the first in 31 years, reported a deficit of annual trade balance in 2011. In details, in 2011 Japan had a deficit of $ 205.1 billion yen. The USD / JPY pair grew to the level of Y78.32 at the European session.     American trading session: US Dollar: The dollar fell to a new low against the euro and recorded the area of $1.3118 after FOMC of the U.S kept the interest rate in the range of 0% -0.25 % which meant unchanged. According to comments of Federal Reserve on its decision, the interest rate would not be changed at least until the end of 2014.   Oil: The cost of the March futures on U.S. light crude oil WTI rose to 99.77 dollars per barrel.   Gold: Gold prices broke very important level of $1680 and rocketed to a new $ 1712 per troy ounce after FOMC announce a report on interest rate in US.             TECHNICAL ANALYSIS FOR 26.01, 2012     EURUSD The pair has found support at Fibonacci 23% and aiming to the next Fibonacci level 38% at 1.31150 and the pair may rise to 1.31674. Resistance:  1.31674, 1.33143, 1.34882 Support:  1.30277, 1.28630, 1.26897 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. The aim of correction can be at Moving Average (200) at 0.90279. Resistance:  0.93069, 0.93949, 0.95074 Support:  0.92026, 0.91079, 0.89635 USDJPY The pair's resistance 78.345, support 77.539. Resistance: 78.345, 79.070, 79.707 Support:  77.539, 76.463, 75.425 AUDUSD The pair has broken triangle and has risen to 1.06164. Resistance: 1.06164, 1.07005, 1.07739 Support: 1.05332, 1.04407, 1.03535             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.