Market review for 26.03.12: The dollar fell after the Fed’s Chairman, Mr. Ben Bernanke reinforced hopes for new regulator’s measures for supporting the American economy.

Forex Metal Daily Newsletter Send to a Friend |  Visit our website |  Unsubscribe  Tuesday, 27 Mar 2012 Daily review for 26.03, 2012 The dollar fell after the Fed's  Chairman, Mr. Ben Bernanke reinforced hopes for new regulator's measures for supporting the American economy.   Asian and European trading sessions: Euro: At the beginning of the Asian trading session the Euro showed slightly growth against its competitors on the background of the intentions of European politicians to merge the two rescue fund in Europe in order to stop the further spread of the sovereign debt crisis. The EUR / USD pair got hammered at the European trading session falling to the lows of $1.3191 by the words of the Prime Minister of Italy, Mario Monti, who said that the situation in Spain could be another reason for the continuation of the debt crisis in the Euro region. However, the support for the euro came from the publication of the IFO report, which showed that the business climate index in Germany in March rose to 109.8 points vs. 109.6 values ??. The EUR / USD pair was able to recover to the area of ??$ 1.3244. US Dollar: The reason for American currency's growth today on the early trading sessions were the anticipations of the publication this week a positive macroeconomic statistics from the U.S. The dollar strengthened on speculations about the positive situation in the U.S. economy. Australian New Zealand Dollar: At the middle of the European trading session, when the U.S dollar had pulled back from highs amid perspectives of the recovery of the World's largest economy, the Australian and New Zealand currencies got support and rose against their competitors.   American trading session:   US Dollar: The dollar fell against most major traded currencies after Federal Reserve Chairman Mr. Ben Bernanke said that the American economy still needs the accommodative monetary policy for reducing the unemployment rate in the U.S. Oil: The WTI May was kept in the range of 106.2 - 107.34 dollars per barrel on the NYMEX. Gold: The price of gold on Monday grew up more than 1 % to $ 1687.9 per troy ounce on the backdrop of the statements of the U.S. Federal Reserve Chairman Mr. Ben Bernanke, who reinforced hopes for new regulator's measures for supporting the American economy.   ___________________________________________________________________      TECHNICAL ANALYSIS for 27.03, 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'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 has broken 0.91079 and may continue declining to 0.89635. Resistance:  0.91079, 0.92026, 0.93069 Support:  0.89635, 0.88418, 0.87214 USDJPY The pair is trading between 83.065 and 82.219. Resistance: 83.065, 83.933, 84.866 Support:  82.219, 81.399, 80.438 AUDUSD If the pair stays below 1.05332 the pair will return to 1.04407. 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.