Market review for 21.03.12: The Greece Parliament adopted the new loan agreement.

Forex Metal Daily Newsletter Send to a Friend |  Visit our website |  Unsubscribe  Thursday, 22 Mar 2012 Daily review for 21.03, 2012 The Greece Parliament adopted the new loan agreement.   Asian and European trading sessions:   Euro: The EUR / USD pair hit a maximum of $ 1.3280 at the Asian trading session. The main reason for that growth was an announcement that Greece Parliament adopted the new loan agreement. This news was supportive for positive Euro currency trading dynamics and increased the demand for European assets. British Pound: The GBP / USD couple fell into the region of $ 1.5840 at the European trading session. The pound dropped against the U.S. dollar as well against of other major currencies. Pressured the Pound's trading dynamics today the publication of the protocol of the Bank of England last meeting, which was dedicated to monetary policy of England. The protocol revealed that there is a disagreement among committee members regarding the level of QE. Japanese Yen:  The USD / JPY pair rose to the level of Y84.10. However, the Yen could not go higher than that due to anticipations of market participants of tomorrow's report on the trade balance. As it was published before, the preliminary estimates recorded the decline in the Japanese export in this month.     American trading session:   US Dollar: The dollar strengthened against most major currencies after the publication of U.S. housing market report. In February, the Existing Home Sales fell stronger than it was expected, by 0.9 % to 4.59 million. The report triggered the demand for the safe assets like U.S. dollar. Oil: May WTI rose to 107.51 dollars per barrel on NYMEX. Oil prices rose after the report on U.S. oil inventories. The amount of Oil unexpectedly declined by 1.37 million barrels, compare forecasted growth to 2.4 million barrels. Gold: April Gold on COMEX today hit the $ 1661.6 per ounce mark. The Gold grew on a weak U.S. housing statistics. This fact has increased investor's interest in gold as well as for other precious metals.    ___________________________________________________________________     TECHNICAL ANALYSIS  for 22.03, 2012    EURUSD The pair is trading between 1.33143 and 1.31674. Resistance:  1.33143, 1.34882, 1.35984 Support:  1.31674, 1.30277, 1.28630 GBPUSD The pair has risen to the Moving Average (500) at 1.59115 and rolling back to 1.58543. If the pair breaks 1.58543 the pair will decline to 1.56722. Resistance:  1.58543, 1.60322, 1.62050 Support:  1.56722, 1.54842, 1.53482 USDCHF The pair has declined to 0.91079 and may continue declining to 0.89635. Resistance:  0.92026, 0.93069, 0.93949 Support:  0.91079, 0.89635, 0.88418 USDJPY The pair is trading between 83.933 and 83.065. Resistance: 83.933, 84.866, 85.960 Support:  83.065, 82.219, 81.399 AUDUSD The pair is aiming to 1.04407 and if this level is broken 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.