Daily review for 27.02, 2012 The G20 meeting postponed decision on increasing the European rescue fund. Asian and European trading sessions: Euro: The euro tried to accelerate during the second half of Asian trading session and continue it's a seven-day gain, the longest gain since 2010. As we noticed before, the trigger for that increase was the report the People's Bank of China which confirm Bank's intends to make an additional contribution for the International Monetary Fund. However, on the European trading session, the euro's attempts to reach the new daily highs were not successful and Euro went down against the major currencies leading by the report of Moody's rating agency, which stated that the risk of default in Greece is still high. The EUR / USD pair fell to lows of $ 1.3377. British Pound: The GBP/USD couple copied the trading dynamics of EUR /USD pair. It was trading within the range of $1.5878 to $1.5832 during both trading sessions. Japanese Yen: The Yen was gaining positive momentum due to its oversold factor as well as of covering some short positions which were taken on this currency more than a week ago. The positive overall background caused by signs of an improvement in the situation with the debt crisis in Europe and the economic redevelopment of the United States, also supported for today's currency dynamics. The USD / JPY pair stepped back from its yesterday's high's in more than 100 points to lows of Y80.305 at the end of European trading session. American trading session: Japanese Yen: The Yen continued its growth against all currencies on the speculations about further increasing of oil prices and not yet solved Europe's debt crisis. All these reasons supported to growing demand for the safe active like Yen. The USD / JPY pair fell to Y80.15 level. Euro: The G20 meeting decided today do not increase the European Rescue Fund. The Euro fell after this publication. Also, during the American session the European currency was pressured by the report of S&P credit rating agency, which reduced the outlook for the European Financial Stability Facility (EFSF) from stable to negative. Gold: February futures of Gold decreased today to 1766.65 dollars for ounce. Oil: WTI Oil futures closed today at 109.36 dollars for barrel. ________________________________________________________________________
TECHNICAL ANALYSIS for 28.02, 2012 EURUSD The pair has risen and found resistance at Fibonacci 50% level at 1.34882. The pair may roll back to 1.33143. Resistance: 1.34882, 1.35984, 1.37486 Support: 1.33143, 1.31674, 1.30277 GBPUSD The pair has tested Moving Average (500) many times and continues trading below 1.59093. The pair need to break this level to e able continue rising. Resistance: 1.58543, 1.60322, 1.62050 Support: 1.56722, 1.54842, 1.53482 USDCHF The pair has declined to support level 0.89635. Resistance: 0.91079, 0.92026, 0.93069 Support: 0.89635, 0.88418, 0.87214 USDJPY The pair has reached Moving Average (500) at 81.399 and may roll back to 79.707. Resistance: 81.399, 82.219, 83.065 Support: 80.438, 79.707, 79.070 AUDUSD The pair has formed a strong resistance at 1.07739 as the pair couldn't break it for many times. The pair will continue rising only in case this level is broken, otherwise the pair will decline to support 1.07005. Resistance: 1.07739, 1.08413, 1.09112 Support: 1.07005, 1.06164, 1.05332
| 
Không có nhận xét nào:
Đăng nhận xét