Market review for 30.01.12: The Euro fell on expectations of started today EU summit in Brussels.

Forex Metal Daily Newsletter Send to a Friend |  Visit our website |  Unsubscribe Tuesday, 31 Jan 2012 Daily review for 30.01, 2012 The Euro fell on expectations of started today EU summit in Brussels.   Asian and European trading sessions:   Euro: The Euro had correction against the U.S. dollar, after its five days growth. Market participants expected the EU summit which should have been started today in Brussels for the reason of conducting agreement to restructure the debt of Greece. The EUR/USD couple fell during the Asian session to $1.3145 area. The pressure on the single currency also had a lack of positive news on Greece's debt-reduction agreements with private investors. The European currency did not change its negative trading dynamics even despite of the positive results of Italy's government bonds auction. Italy attracted today the amount of 7,475 billion euro with the target of 5.5-8.0 billion. The EUR / USD pair decreased, showing the session low at $ 1.3085 level.   British Pound: The GBP/USD pair fell below $ 1.5700 during the Asian session. Its European's session low was around of $1.5662 area.   Japanese Yen: Against the background of the problems in euro zone the Yen accumulated today a lot of long positions. The demand for safe-haven currencies increased in spite of the positive results of the Italian auction of government bonds. The yen continued rising against its competitors. The USD / JPY: during the Asian session the pair was in the range of Y76.62-Y76.74. During the European trading session the couple steeply fell to Y76.56 area.   American trading session: Swiss Franc: The Swiss franc strengthened against of increased demand for safe-haven currencies as well as the Japanese yen. The Swiss currency reached its critical against the euro almost touching the 1.203 area. Gold: Gold prices were down today for two reasons: first, on the background of decreasing demand of taking any risks, second, due to closing some of longs positions by investors, which were taken after FOMC decided to keep the interest rate unchanged. The low of the day was at $ 1715 area. Oil: Oil prices dropped amid investors fears about the negative results of the EU summit. The cost of the March WTI's futures recorded 98.89 dollars per barrel as a close price for today.      TECHNICAL ANALYSIS for 31.01, 2012   EURUSD The pair has risen to 1.31674, above Fibonacci 38%. If the pair stays above this level the pair will rise to 1.33143. Resistance:  1.33143, 1.34882, 1.35984 Support:  1.31674, 1.30277, 1.28630 GBPUSD The pair has MACD convergence that may support pair to start upwards corrections. The pair is aiming to 1.58543. Resistance:  1.58543, 1.60322, 1.62050 Support:  1.56722, 1.54842, 1.53482 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:  0.92026, 0.93069, 0.93949 Support:  0.91079, 0.89635, 0.88418 USDJPY The pair has broken support 76.463 and aiming to 75.425. Resistance: 76.463, 77.539, 78.345 Support:  75.425, 74.414, 73.573 AUDUSD The pair has broken triangle and risen to 1.06164. The pair may rise to 1.07005. 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.