Market review for 22.02.12: The yen weakened against the U.S. dollar. The USD/JPY pair grew to Y80.37 level.

Forex Metal Daily Newsletter Send to a Friend |  Visit our website |  Unsubscribe  Thursday, 23 Feb 2012 Daily review for 22.02, 2012   The yen weakened against the U.S. dollar. The USD/JPY pair grew to Y80.37 level.   Asian and European trading sessions:   Euro: The EUR / USD pair remained within the $ 1.3212 -$ 1.3263 range. The publication of weak PMI in France, Germany and the EU as a whole had the negative effect on euro trading dynamics and pressured the currency during both sessions. Also, the announcement of the Fitch credit rating agency, which reduced the credit rating of Greece to the "C" from "CCC " did not provide any support.     US Dollar: The dollar grew to a six-month high against the yen to the level of Y80.35 showing the clear evidence that the U.S. economic is about to recovery in the nearest future. These positive expectations might reduce the possibility of starting of the 3d round of quantitative easing program by the Fed.   British Pound: The pound fell to lows of $1.5661against the U.S. dollar after the publication of the protocol of the last meeting of the Bank of England. In the published minutes of the meeting was noted that the Committee of the Bank of England expects the decline in inflation in 2012.     Australian and New Zealand dollars: The Australian and New Zealand dollars dropped after the publication of the preliminary value of the HSBC Flash China Manufacturing PMI index. An indicator of manufacturing activity in the country in February rose to 49.7 against the previous 48.8 in January.   American trading session:   Japanese Yen: The yen weakened above the level of Y80.35 against the dollar. The representative of the Ministry of Finance of Japan said that the yen is falling due to the easing of monetary policy by Bank of Japan and the Greek agreement.     Gold: The Gold reached the new highs of 1781 dollars per ounce and closed its day at the level of $1775.   Oil: The WTI oil futures on NYMEX grew to the highs of 106.6 dollars per barrel against the background of the situation around Iran.   ________________________________________________________________________    TECHNICAL ANALYSIS for 23.02, 2012   EURUSD The pair has risen to the resistance level at 1.33143. Support is at 1.31674. Resistance:  1.33143, 1.34882, 1.35984 Support:  1.31674, 1.30277, 1.28630 GBPUSD The pair has rolled back to 1.56722.  Resistance:  1.58543, 1.60322, 1.62050 Support:  1.56722, 1.54842, 1.53482 USDCHF The pair will try to decline to the Moving Average (200) at 0.90565. Resistance:  0.92026, 0.93069, 0.93949 Support:  0.91079, 0.89635, 0.88418 USDJPY The pair has risen to 80.438. Resistance: 80.438, 81.399, 82.219 Support:  79.707, 79.070, 78.345 AUDUSD The pair has declined to 1.06164 and may break this level and decline to 1.05332. 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.