Thứ Năm, 12 tháng 1, 2012

Market review for 11.01.12: The growing concerns of possible distribution of debt crisis in Europe were supportive for US dollar.


Forex Metal Daily Newsletter

Daily review for 11.01, 2012

The growing concerns of possible distribution of debt crisis in Europe were supportive for US dollar.

 

Asian and European trading sessions:

Due to growing concerns of possible distribution of debt crisis in Europe, the euro fell against the dollar as well as against the others major currencies. Market participants still fear that the current crisis will cause a slowdown in the economy of the region. The EUR / USD pair decreased below $ 1.2700 and recorded its low of $1.2682 at the end of European trading session.

 

US Dollar:  Growth of the U.S. dollar was limited amid of tomorrow's publication of data on inflation in China. The expected decrease of inflation in China might force central banks of Asian countries to stimulate growth of China, the second largest economy in the World.

 

British Pound: At the European trading session the British currency steeply dropped against all its major competitors excluding the Euro. The GBP / USD pair fell below $ 1.5400 and recorded its lowest session level at the $1.5367 area.

 

 

Japanese Yen: The USD / JPY pair showed positive dynamics hitting a level of Y77.00 during the European trading session.

 

American trading session:

US Dollar:  The fact of investing in safe assets when it comes to uncertainty in situation in economy was also proved today. The U.S. currency rose against most major currencies as investors invested in U.S. government bonds as well as in US dollar.

 

Euro: The rumors and speculations that the credit rating agencies may downgrade the credit rating of France amid the deterioration of the debt crisis in Europe pressured the Euro currency at the American trading session.

 

 

British Pound: The pound continued its downtrend falling to $1.5319 level against the US dollar.

 

Oil: Due to increased demand for relatively safe assets, the February futures price of U.S. light crude oil WTI declined to $ 100.81 per barrel, setting the session low at $ 100.54 per barrel.

 

Gold: On Tuesday, gold tried to overcome $ 1644 per troy ounce level, the level of its 200- day moving average Finally, it set the $1.642.19 value by the end of the day.

 

 

 


 

TECHNICAL ANALYSIS  for 12.01, 2012

 

EURUSD

The pair has found support at Fibonacci 23% at 1.26430. If the pair stays above this level the pair will rise to Fibonacci 38% at 1.31150. If the pair breaks 1.26430 the pair will drop to 1.23907.

Resistance:  1.28630, 1.30277, 1.31674

Support:  1.26897, 1.25690, 1.23907

GBPUSD

The pair is trying to break support 1.53482 it will bring the pair to test 1.52063.

Resistance:  1.54842, 1.56722, 1.58543

Support:  1.53482, 1.52063, 1.50594

USDCHF

On daily graph MACD divergence which might be a signal of future corrections. If the pair stays below 0.95074 the pair will decline first to the Moving Average (500) at 0.93069.

Resistance:  0.95074, 0.96220, 0.97427

Support:  0.93949, 0.93069, 0.92026

USDJPY

The pair is trying decline to 76.463. If this level is broken the pair will continue declining to 75.425.

Resistance: 77.539, 78.345, 79.070

Support:  76.463, 75.425, 74.414

AUDUSD

The pair is trading in the triangle. The triangle's upper level is 1.04407 (figure resistance), lower level is 0.99207 (support).

Resistance: 1.03535, 1.04407, 1.05332

Support: 1.02558, 1.01744, 1.00907

 

 

 

 

 

 

 



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Thứ Tư, 11 tháng 1, 2012

Market review for 10.01.12: The U.S. dollar fell against the background of positive dynamics in the European, Asian and U.S. stock markets.


Forex Metal Daily Newsletter

Daily review for 10.01, 2012

The U.S. dollar fell against the background of positive dynamics in the European, Asian and U.S. stock markets.

 

Asian and European trading sessions:

Euro: The Euro continued to recover against the major currencies for the second day against the background of a positive perception on the results of the meeting of the heads of European countries. The purpose of this meeting was to take an action to resolve the debt crisis of EU. The EUR / USD pair rose above $ 1.2800 and recorded its daily high at $1.2815 area.

 

US Dollar: The U.S. dollar fell against the background of positive dynamics in the European and Asian stock indexes and demand for risky assets. The Dollar Index fell today by 0.09 % and closed at 81.10 points.

 

British Pound: The GBP/USD pair traded in the range of $1.5444- $1.5495 during both sessions and recorded its daily maximum by reaching the level of $1.54975.

 

Japanese Yen: The USD / JPY pair remained trading in narrow trade range of Y76.75 to Y76.89 levels during both trading sessions.

 

The Australian dollar: Against the background of positive dynamics in the European and Asian stock indexes and demand for risky assets the Australian dollar raised today against its competitors.

 

American trading session:

US Dollar: The pressure on the dollar at the American trading session was provided by positive momentum in U.S. stock markets and the greenback continued its downtrend against major currencies.

 

Gold: Gold prices grew today to $ 1631.48 amid falling the US dollar. February gold reached its daily high at $ 1639.95 per troy ounce.

 

Oil: The WTI (Light Sweet Crude Oil) in trading in New York rose to $ 102.16 per barrel amid growing concerns about the fact that the geopolitical tensions in the Middle East could disrupt the supply of oil.

 


 

TECHNICAL ANALYSIS  for 11.01, 2012

 

EURUSD

The pair has found support at Fibonacci 23% at 1.26430. If the pair stays above this level the pair will rise to Fibonacci 38% at 1.31150. If the pair breaks 1.26430 the pair will drop to 1.23907.

Resistance:  1.28630, 1.30277, 1.31674

Support:  1.26897, 1.25690, 1.23907

GBPUSD

The pair is trading in the narrow corridor between 1.56722 and 1.53482.

Resistance:  1.54842, 1.56722, 1.58543

Support:  1.53482, 1.52063, 1.50594

USDCHF

On daily graph MACD divergence which might be a signal of future corrections. If the pair stays below 0.95074 the pair will decline first to the Moving Average (500) at 0.93069.

Resistance:  0.95074, 0.96220, 0.97427

Support:  0.93949, 0.93069, 0.92026

USDJPY

The pair is trying decline to 76.463. If this level is broken the pair will continue declining to 75.425.

Resistance: 77.539, 78.345, 79.070

Support:  76.463, 75.425, 74.414

AUDUSD

The pair is trading in the triangle. The triangle's upper level is 1.04407 (figure resistance), lower level is 0.99207 (support).

Resistance: 1.03535, 1.04407, 1.05332

Support: 1.02558, 1.01744, 1.00907

 

 

 

 

 

 



Useful Links

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Thứ Ba, 10 tháng 1, 2012

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Market review for 09.01.12: The Euro grew due to the positive expectation of meeting of leaders of Germany and France.


Forex Metal Daily Newsletter

Daily review for 09.01, 2012

The Euro grew due to the positive expectation of meeting of leaders of Germany and France. 

 

Asian and European trading sessions:

 

Euro: During the Asian trading session on Monday the Euro was raising against its major competitors against the background of attention to the crucial meeting of leaders of Germany and France.  The EUR / USD pair strengthened to $1.27835 level at the beginning of the European trading session amid the positive expectations of this meeting.

British Pound: The GBP/USD couple traded mostly in narrow trading range during both sessions. It's high was at $1.5467 and low around $1.5401 area .

Australian dollar: The Australian dollar weakened against all 16 major currencies. The report of retail sales' in November provided by the Australian Bureau of Statistics  showed a decline compared with expectations.   In this regard, the trading dynamics of Australian dollar was negatively influenced before the beginning of the Asian trading session. 

 

American trading session:

Swiss Franc: The news Jo the resignation of the head of the Swiss National Bank Mr. Philipp Hildebrand which released today was supportive for trading dynamics of Swiss Franc. This resignation is related to the recent scandal of illegal operations with the use of insider information. The Swiss currency become stronger against its competitors after the head of the Swiss central bank had reported this issue. 

 

Oil: The Oil dropped after the report of performance of German industrial production revealed its decline to 3.6% in November (YoY) compared forecasted 3.9%. Today, the February futures price of U.S. light crude oil fell to 100.10 dollars per barrel.

 

Gold: Gold prices were stable today and ended up closing at $1.611.44 per troy ounce.

 


 

TECHNICAL ANALYSIS for 10.01, 2012

 

EURUSD

The pair has found support at Fibonacci 23% at 1.26430. If the pair stays above this level the pair will rise to Fibonacci 38% at 1.31150.

Resistance:  1.28630, 1.30277, 1.31674

Support:  1.26897, 1.25690, 1.23907

GBPUSD

The pair is trading in the narrow corridor between 1.56722 and 1.53482.

Resistance:  1.54842, 1.56722, 1.58543

Support:  1.53482, 1.52063, 1.50594

USDCHF

On daily graph MACD divergence which might be a signal of future corrections. If the pair stays below 0.95074 the pair will decline first to the Moving Average (500) at 0.93069.

Resistance:  0.95074, 0.96220, 0.97427

Support:  0.93949, 0.93069, 0.92026

USDJPY

The pair is trying decline to 76.463. If this level is broken the pair will continue declining to 75.425.

Resistance: 77.539, 78.345, 79.070

Support:  76.463, 75.425, 74.414

AUDUSD

The pair is trading in the triangle and aiming to the upper level of the figure at 1.04407.

Resistance: 1.03535, 1.04407, 1.05332

Support: 1.02558, 1.01744,1.00907

 

 

 

 

 



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


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