| In this issue: 1. Weekly market review from Forex-Metal. 2. Weekly technical analysis 3. Forex Metal releases a new version of its MAM terminal 4. Get a 35% trading bonus when you open a new account. 5. Representatives Wanted!
Weekly review for 30.04 - 4.05, 2012 Euro: By the end of this week the EUR / USD lost around 1.3 %.The published reports on indices of business and industrial sectors' activity in Germany, France, and the Euro zone as a whole, which were worse than expected, pressured the Euro currency during this week. The Euro fell steeply down against almost all major currencies also on the publication of the reports on the European production which showed a reduction and rising unemployment rate in Germany. The EUR / USD pair declined to the $ 1.3132 area. The Euro-Zone Unemployment Rate in March in monthly terms increased by 0.1 percentage points and reached a new record - 10.9 %.The decision of the ECB was keeping the interest rate at 1.00 % which matched analysts' forecasts. The reaction of euro's trading dynamics on this news was rising to a session's high against the dollar, the region of $1.3175 area. However, on fact that the President of ECB, Mr. Draghi did not signal in his speech on a possible easing of monetary policy, the EUR / USD couple could not go higher than this level. The EUR / USD pair closed this week very negatively reaching the $ 1.3080 area, the lowest level of this week. U.S. Dollar: In the period from April 30 to May 4 the US dollar strengthened against most of its major competitors against the increased demand for currencies with safe haven status. And there were reasons for that strength. The U.S. dollar was in a huge demand after the publication of ISM manufacturing report, the result of which was better than expected. The results of report also weakened the strong expectations for possible Q3 program of the U.S. Federal Reserve. The second impulse the greenback got was the report of the labor market which once again disappointed investors and triggered sales in the stock markets thus provided significant support for the dollar's positive trading dynamics. Indeed, the investors were moving their actives towards the assets with the safe haven status. British Pound: The British pound fell confidently enough this week. The position of the Bank of England for a possible early stop of quantitative easing program has not changed. The published report on the index of purchasing managers in industry, construction and services did not give substantial grounds for reconsidering the position of the Bank of England. Although, the EUR / GBP tried to copy the trading dynamics of the EUR / USD pair, the weakening of the pound against the dollar was not so significant. The EUR / GBP pair reached the level $1.6146 by the end of this week. New Zealand dollar: The New Zealand dollar suffered a big loss trading down against other major currencies. The kiwi came under pressure due to the Unemployment disappointed report. The result of the report showed that in the first quarter of 2012 the Unemployment rate jumped to 6.7% versus forecasted 6.2%. The news firstly reinforced expectations that the interest rate of the country would be kept unchanged for a longer period of time and then extended to the speculations that the New Zealand's central bank would be forced to lower the interest rate at its next meeting. The New Zealand dollar fell to the level of $ 0.7950 on Friday.
Weekly technical analysis for 7 - 11.05, 2012
EURUSD The pair had drawn Triple Top. If the pair declines below 1.2800 the pair may workout the figure and the end maybe expected at 1.26833. Resistance: 1.33427, 1.37441, 1.41130 Support: 1.28800, 1.25667, 1.20280 
GBPUSD The pair is trading between Moving Averages (500 and 100) 1.62818 and 1.59430. Resistance: 1.64274, 1.68504, 1.72652 Support: 1.59962, 1.52523, 1.48532 
USDCHF The pair has risen to the Moving Average (100) at 0.93264 and rolling back to 0.91074. Resistance: 0.93264, 0.96597, 0.99031 Support: 0.91074, 0.88022, 0.85633 
USDJPY The pair is trying to break 80.244. If the pair stays below this level the pair will decline to 76.535. Resistance: 83.330, 86.836, 90.909 Support: 80.244, 76.535, 73.126 
AUDUSD The pair has declined to the median line at 1.01075 and rolling back to 1.01873. Resistance: 1.01873, 1.03847, 1.05810 Support: 1.00592, 0.97889, 0.94417 
Forex Metal releases a new version of its MAM terminal A new version of a popular Multi Account Manager (MAM) program has been released. It will suite money managers and professional traders who trade from multiple accounts on behalf of other people. The MAM allows use of expert advisors, hedging and placement of all types of orders on many accounts simultaneously. Managers trading on Forex Metal platform can use the MAM program absolutely free. If you have or plan to have multiple customer accounts under your management, this may interest you. Please contact our support for more details. | 
Không có nhận xét nào:
Đăng nhận xét