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.