Market review for 29.03.12: The growth yield of Italian and Spanish government bonds might be a reason for a new round of debt crisis in the Euro region.

Forex Metal Daily Newsletter Send to a Friend |  Visit our website |  Unsubscribe Friday, 30 Mar 2012 Daily review for 29.03, 2012 The growth yield of Italian and Spanish government bonds might be a reason for a new round of debt crisis in the Euro region.   Asian and European trading sessions:   Euro: The EUR / USD pair traded in a range of $ 1.3305 -$ 1.3346 at the Asian session. On the backdrop of increasing concerns, which were triggered by the growth yield of Italian and Spanish government bonds, the Euro fell against other major currencies. The situation with the Italian and Spanish government bonds might be a reason for a new round of debt crisis in the Euro region. The EUR / USD couple fell into the region of $ 1.3260, where it found strong support. Even the results of the auction on placement Italy's  government bonds, whose results were better than similar previous ones; in particular, Italy attracted 5.75 billion euros, against the planned volume 4-5,75 billion euros.   British Pound: The GBP / USD pair was able to recover from yesterday's fall into the region of $1.5924 at Asian session. However, the new piece of negative statistics pressured the trading dynamics of the pound today. Today, the market players disappointed by the result of the volume of net lending for individuals and approved applications for mortgage loans. Both reports were worse than expected in February. The GBP / USD pair dropped to $ 1.5863 area.   Japanese Yen: The yen was strong today amid continuing global downturn in Asian stock markets. Also, the reasons for Japan's currency growth against the dollar were speculations that Japanese companies will repatriate their profits abroad, until the end of the fiscal year on March 31. The USD / JPY fell to the area of ??Y82.08 by the end the European trading session.   Australian Dollar: The Australian dollar continued its downtrend falling today below 200 Moving average on concerns about slowdown in China's economy, which will constrain the demand for the Australian export in a future.     American trading session:   Euro: The euro was pressured by the result of the report on index of Industrial confidence in the region, which unexpectedly fell in March to the -7.2 points. Also, the index of consumer and business confidence in the euro-zone economy (ESI) in March decreased to 94.4 points vs. forecasted 94.5 points. Oil: The WTI oil fell to 102.96 dollars a barrel on the New York Mercantile Exchange, its lowest level in nearly six weeks against the backdrop of falling stock markets and the announcement of the Government of France about the nearest completion of agreement on the " opening " of emergency supplies to contain rising of Oil prices. Gold: April futures price of gold on COMEX fell today to a $1661 per troy ounce recording $ 1644.3 level in intraday trading. ___________________________________________________________________      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.

Market review for 28.03.12: TThe Bank of Japan is ready to fight the defilation in Japan.

Forex Metal Daily Newsletter Send to a Friend |  Visit our website |  Unsubscribe  Thursday, 29 Mar 2012 Daily review for 28.03, 2012 The Australian and New Zealand dollar fell today due to decline of the World's stock markets.   Asian and European trading sessions:     Euro: The EUR / USD pair traded in a narrow range between $ 1.3320 -$ 1.3335 at the Asian trading sessions. The expectations of the positive result of the euro zone finance ministers' meeting on March 30 in Copenhagen where they will discuss the prospects of the temporary association of the European Foundation for financial stability and a permanent mechanism for European stability supported the demand for Euro currency at the European trading session. The EUR / USD pair strengthened in a region of $ 1.3371.   British Pound: The Pound came under pressure today due to reaction of market participants to weaker than expected UK's GDP report. Statistics showed that GDP of the 4th quarter fell by 0.3 % in QoQ term vs. forecasted -0.2% and grew only by 0.5 % in YoY term vs. forecasted 0.7 %. The GBP / USD couple fell into the region of $ 1.5903.   Australian and New Zealand dollar:  These currencies fell against most major currencies amid decline of Asian stock indices. The Australian exports for China is going to be limited and the main reason for that would be a slowdown in China economy.     American trading session:     US Dollar: The demand for U.S. Dollar increased on the American trading session. The dollar rose against almost all of the 16 most traded currencies amid fears that the world's economic growth is slowing. The report on February's Durable Goods Orders showed worse than expected results rising only by 2.2 % compared with January, when the decline rate was fixed at 3.6% and forecasted value of 3.0% of February.   Oil: The report on Crude Oil Inventories in the United States for the week ended March 23 rose by 7.1 million barrels and, therefore, the world oil prices decreased today. May's WTI futures fell to 104.68 dollars a barrel on NYMEX. Gold: The gold prices steadily decreased on the background of strong dollar. Also, the gold became cheaper today after the statements of the Italian Prime Minister Mario Monti, who mentioned the nearest completion of the European debt crisis, as well as the lack of concerns about the economy's situation in Spain. The April futures price of gold on COMEX dropped to $ 1667.7 per troy ounce  ___________________________________________________________________    TECHNICAL ANALYSIS for 29.03, 2012    EURUSD The pair has nearly touched the Moving Average (200) at 1.34111 and rolling back to 1.31674. Resistance:  1.33143, 1.34882, 1.35984 Support:  1.31674, 1.30277, 1.28630 GBPUSD The pair's resistance is 1.60322, support 1.58543. Resistance:  1.60322, 1.62050, 1.63316 Support:  1.58543, 1.56722, 1.54842 USDCHF The pair is trading between 0.91079 and 0.89635. Resistance:  0.91079, 0.92026, 0.93069 Support:  0.89635, 0.88418, 0.87214 USDJPY If the pair stays above 83.065 the pair will rise to 83.933. If the pair stays below 83.065 the pair will decline to 82.219.  Resistance: 83.065, 83.933, 84.866 Support:  82.219, 81.399, 80.438 AUDUSD If the pair stays below 1.04407 the pair will decline to 1.03535. Resistance:  1.05332, 1.06164, 1.07005 Support: 1.04407, 1.03535, 1.02558                 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.

Market review for 27.03.12: TThe Bank of Japan is ready to fight the defilation in Japan.

Forex Metal Daily Newsletter Send to a Friend |  Visit our website |  Unsubscribe  Wednesday, 28 Mar 2012 Daily review for 27.03, 2012 The Bank of Japan is ready to fight the defilation in Japan.   Asian and European trading sessions:   Euro: The EUR / USD pair traded today in a narrow range showing its maximum at the $ 1.3383 and minimum at the $1.3326 level. US Dollar: The dollar traded lower today not far from monthly lows against the euro amid speculations that the U.S. Federal Reserve will proceed to the third round of quantitative easing, QE3. The Federal Reserve Chairman Mr. Bernanke in his yesterday speech hinted that the central bank, will keep an adaptive monetary policy as the American economy still needs the financial support for reducing the unemployment rate in the U.S. The greenback declined against almost all traded currencies. However, at the European trading session the U.S. dollar got supported by negative trading stock markets' dynamics, which increased the demand for U.S. dollar, as for a currency with safe haven status.   American trading session:   Euro: The euro retreated from daily highs against the dollar due to the negative situation at the stock markets The economics statistics were not supportive today as well; in details, the S & P / Case-Shiller Composite-20  index in January fell by 3.8 % (YoY). Although the value matched the forecasts of analysts, there was recorded the reducing of the indicator recorded for the fifth consecutive month. Also, the Conference Board reported that consumer confidence in the U.S. economy in March dropped to 70.2 points, which was though higher than expectations but much lower from the revised 71.6 points for February. Japanese Yen: The yen fell on rumors after the head of the Bank of Japan, Shirakawa said the importance of the victory over deflation. He stated that for fighting the deflation the Japan will need a strong economy growth and monetary policy support. However, for the stimulation of the economy growth, not only the Central Bank's liquidity injections might be required.   Oil: Oil fell after a representative of the Department of Energy announced that the U.S. can open strategic reserves of oil. May's WTI oil futures fell to 106.53 dollars a barrel on the New York Mercantile Exchange. Gold: The April futures price of gold rose today rose to $ 1696.93 per troy ounce on the background of growing expectations of keeping low interest rates in the United States as well as of rumors on starting of Q3 program in the nearest future.   ___________________________________________________________________    TECHNICAL ANALYSIS for 28.03, 2012     EURUSD The pair has nearly touched the Moving Average (200) at 1.34111 and rolling back to 1.31674. Resistance:  1.33143, 1.34882, 1.35984 Support:  1.31674, 1.30277, 1.28630 GBPUSD The pair's resistance is 1.60322, support 1.58543. Resistance:  1.60322, 1.62050, 1.63316 Support:  1.58543, 1.56722, 1.54842 USDCHF If the pair breaks 0.91079 the pair will rise to 0.92026. Resistance:  0.91079, 0.92026, 0.93069 Support:  0.89635, 0.88418, 0.87214 USDJPY If the pair stays above 83.065 the pair will rise to 83.933. If the pair stays below 83.065 the pair will decline to 82.219.  Resistance: 83.065, 83.933, 84.866 Support:  82.219, 81.399, 80.438 AUDUSD If the pair stays below 1.04407 the pair will decline to 1.03535. Resistance:  1.05332, 1.06164, 1.07005 Support: 1.04407, 1.03535, 1.02558                 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.