Market review for 13.02.12: The so-called PSI agreement in focus of the market participants.

Forex Metal Daily Newsletter Send to a Friend |  Visit our website |  Unsubscribe  Tuesday, 14 Feb 2012 Daily review for 13.02, 2012 The so-called PSI agreement in focus of the market participants.   Asian and European trading sessions:   Euro: The euro rose against almost all of its competitors during both sessions on the background of positive news after the Greek parliament approved a plan of reducing budget expenses required to obtain financial assistance from the IMF and the EU. All these decisions were made against the backdrop of fierce clashes between demonstrators and police on the streets of Athens. The EUR / USD pair remained at the highs and was traded closer to $1.3242 level.     British Pound: The GBP / USD pair increased during the Asian session. At the European session the couple held within the range of $ 1.5780 - $ 1.5828.     Japanese Yen: After the report on Japan gross domestic product which recorded a decrease in its change of more than expected, the yen fell against major currencies. In details, the Japanese economy contracted by 2.3 % by the end of Q4 compares to forecast change of only 1.3%. The USD / JPY pair traded in a range of Y77.55-Y77.72 during both trading sessions.     American trading session:   Euro: The Euro lost almost all of its positions against the dollar on rumors that a deal on so–called PSI agreement would not be signed. The EUR / USD pair fell to the $1.3150 level.   Gold: Gold was rising against the backdrop of positive news from Greece. The cost of the February gold futures rose to 1732.8 dollars per ounce and closed its day at $1717.4 value.   Oil: Cost of the March futures on U.S. light crude oil, WTI grew to 100.63 dollars per barrel.The fears of investors regarding the worsening of situation with Iranian oil supply supported for the oil prices positive trading dynamics.     TECHNICAL ANALYSIS  for 14.02, 2012   EURUSD The pair has declined to support 1.31674 and shows signals of breaking this level. If the pair declines below this level the pair will decline to 1.30277. Resistance:  1.33143, 1.34882 1.35984 Support:  1.31674, 1.30277, 1.28630 GBPUSD The pair is aiming to 1.56722. The pair may roll back after touching this support. Resistance:  1.58543, 1.60322, 1.62050 Support:  1.56722, 1.54842, 1.53482 USDCHF The pair is trading between 0.92026 and 0.91079. Resistance:  0.92026, 0.93069, 0.93949 Support:  0.91079, 0.89635, 0.88418 USDJPY The pair has reached 77.539. If the pair stays above this level the pair will rise to 78.345. Resistance: 78.345, 79.070, 79.707 Support:  77.539, 76.463, 75.425 AUDUSD The pair has declined bellow 1.07005 and aiming to 1.06164. Resistance: 1.07005, 1.07739, 1.08413 Support: 1.06164, 1.05332, 1.04407           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.