Market review for 20.12.2011: Positive Euro-zone statistics supported the euro.

Forex-Metal Daily Market Review and Technical Analysis Send to a Friend |  Visit our website |  Unsubscribe WED ,21 Dec  2011 Daily review for 20.12. 2011  Positive Euro-zone statistics supported the euro.   Asian and European trading sessions: Euro: During the Asian trading session the Euro traded flat against US Dollar. The EUR/USD couple stuck around the $1.3005 area. The European trading session, though, showed us the outgrowth of the Euro currency against its major competitors. There were  reasons for that :first, the report on the index of business climate IFO, whose value for December came in at 107.2 while the forecast 106,second,the fact of  approving by IMF allocation of 2.9 billion euro for Portugal. Finally, the euro was supported by the results of the auction on bonds of Spain, which in attracted E 5.64 billion. The EUR/USD pair grew to a its weekly high and hitting the $1.3088 area during the European session.   British Pound: The British currency had the same positive trading day as the Euro. The GBP/USD pair confirmed its bullish trend by growing to $1.5648 level during the European session. Australian Dollar: The Australian dollar traded mostly at its highs during the Asian session today, receiving support from the protocols of the last meeting of the Board of the Central Bank of Australia.   American trading session: Japanese Yen: After the released information which showed that the country's Ministry of Finance planned to increase the limit for funding of foreign exchange interventions to 195 trillion yen, the yen weakened against its most major rivals. This increase was the first increase since September 30.   US Dollar: It was a decidedly negative day for the Greenback. The U.S. currency dropped against all 16 most traded currencies on the background of raising the stock markets, which probably started their New Year rally, and decreasing demand for safe –haven assets. The other good news which came from the United States Department of Commerce today, revealed that the number of Housing Starts jumped in November to 681 thousands versus forecasted 627 thousand.   Oil: The WTI prices strengthened today to its daily high at 97.44 and closed at $96.91 per barrel. Gold: The gold prices continued their previously started bullish trend recovering from the last week big drops and closed today at $1614.82 value.   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.

Market review for 19.12.2011: The U.S. dollar rose against most major currencies on the report of the death of leader Kim Jong-IL, the North Korea’s leader.

Forex-Metal Daily Market Review and Technical Analysis Send to a Friend |  Visit our website |  Unsubscribe TUE ,20 Dec  2011 Daily review for 19.12. 2011   The U.S. dollar rose against most major currencies on the report of the death of leader Kim Jong-IL, the North Korea's leader.   Asian and European trading sessions: Euro: From the beginning of the Asian trading session the Euro was falling against the US dollar ahead of auctions of France and Spain bonds. The EUR/USD pair hit its daily low at $1.2980 level. Moreover, the Euro traded negatively due to the rumors of possible credit rates downgrading of some countries of Euro-zone. During the European session the Euro recovered almost all of its previous session loses; the EUR/USD couple strengthened to $1.3032. Market participants waited for the scheduled  today meeting of the EU countries finance ministers', who planned to discuss the possibility of granting by the IMF Union countries the both-sides loans of 200 billion euro. The EUR / USD finished this session traded at 1.3007 area.   US Dollar: The U.S. dollar rose against most major currencies on the report of the death of leader Kim Jong-IL, the North Korea's leader. Traders jumped to buy the US dollar, the currency with the "safe-haven" status as well as to sell risky currencies and stocks. British Pound: The GBP / USD pair traded in the $ 1.5464 -$ 1.5522 range. Also, at the market were rumors about the UK, which would not want to participate in granting credits for the IMF (International Monetary Fund).   Japanese Yen: The news of the death of leader North Korean leader, Kim Jong-IL and held in this connection test-rocket firing supported Japanese Yen today. The USD / JPY pair, similarly to a rocket, exploded to Y78.15 level, its today's high.     American trading session: Euro: The EUR/USD pair traded lower during the American session. One the negative news, which supported its direction, were the report of the European Central Bank, stated that the current payment balance deficit of 17 countries of the euro area in October was 7.5 billion euro, versus with its proficit for September of 2.2 billion euro. The couple went to test its European session's lows at $1.2986 area. In addition, there are still concerns regarding of lowering of the credit ratings of France, Belgium, Spain, Italy, Slovenia, Cyprus and Ireland.   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.

Forex-Metal Weekly: Market review. Our Holidays Schedule

Forex Metal Newsletter Send to a Friend |  Visit our website |  Unsubscribe Monday, 19 Dec 2011 In this issue:   1. Weekly market review from Forex-Metal. 2. Our Holidays Schedule 3. Get a 35% trading bonus when you open a new account. 4. Representatives Wanted! Weekly review for 12.12 - 16. 12, 2011   Last week the US dollar was in a high demand in the market, which allowed the U.S. currency to strengthen against its major competitors. In particular: on Monday the U.S. dollar strengthened against the most major currencies together with the increased demand for safety assets. Moreover, another reason supported that outgrowth due to the expectations of tomorrow's negative report on Germany's investor confidence. That report could have shown the reduction in investors' confidence in European economy, which in turn was supposed to result in increased demand for safe-haven currencies, like US Dollar and Japanese Yen. On Tuesday the positive trading dynamics of greenback set due to market participations' anticipations of the EFSF auction. The market participants expected negative sales in connection of the possible reduction by Standard & Poor's agency the highest rating of the leading EU countries. Day after the FOMC meeting, on Wednesday the American dollar accelerated its bullish trend against major currencies .The Federal Reserve, despite the optimistic assessment of the American economy, also noted the " significant hidden risks."At the end of the week the dollar had support due to negative dynamics of U.S. stock markets against the background of the announcement of rating agency Fitch, which placed ratings of Belgium, Spain, Slovenia and Italy to the list for review. The Euro started out its last week  with a sharp move lower against the most major currencies in anticipation of auction of Italy's government bonds. The expectations were negative amid spread fears of the debt crisis in EU countries. Also, the pressure on the Euro currency had to do with investors' concerns about the potential consequences from the disagreement between the UK and EU leaders' arrangements on the last Friday's summit. The EUR/USD pair suffered big drop to $1.3182 at the end of the European trading session. On Tuesday, the Credit rating agencies continued to criticize the results of the European summit and reinforced worries that the agreement would not be sufficient to contain the EU debt crisis .The report of the German institute ZEW, which recorded a growth of business confidence of the largest euro zone economy and the EU as a whole in the first over the past 10 months, positively supported the dynamics of trading of the Euro currency and the EUR/USD showed its daily high at $1.3235 level. On Wednesday the European countries were preparing to sell bonds on the background of the deteriorating situation of the debt crisis in the EU region. The EUR/USD pair consolidated at $1.3030 level during the Asian trading session. At the auction, despite the high demand for Italian bonds, the average yield was 6.47% vs. 6.29 for a similar previous release. The EUR/USD couple dropped under the $1.3000 mark at end of the European session against the persistence of concerns about worsening debt crisis in EU. Thursday's  Asian trading session, especially its second part, showed us the outgrowth of the Euro currency. The EUR/USD pair rose on the positive anticipations of the Spain government bonds auction and had rallied to its session's highs of $1.3034 level at the end of the session. However, the resistance of this level proved futile and the couple pulled back down to test the $1.2960 support level. The result of Spain bond's auction had a positive effect for Euro currency. In details, today Spain sold its bonds for 6.03 billion euro versus planned 3.5 billion euro. The EUR/USD had a sharp snapback recovering from its daily lows to the highs of previous session. Indeed, the European session was quite volatile for the EUR/USD couple. All in all, At the end of the week the EUR / USD lost 2.5% Increase in the dollar against the British pound was limited to an increase in demand for sterling as a relatively safe asset. The losses of GBP/USD amounted only to 1.0%.There were also other factors which supported English currency during the previous week. On Tuesday, the pound rose to its daily highs around $1.5620 area after the Royal Institute announced that the RICSS's house price balance index in Britain rose in November to - 17% amid rising demand versus – 24% in October and forecasted -25% .Wednesday's trading sessions were supported  by published data on the labor market in the UK, which showed that in November unemployment rate remained at 5.0% .   During Thursday's sessions, the Swiss franc rose against all major currencies amid expectations of the decision of the Swiss central bank. It was expected that the SNB would refrain from weakening the CHF currency. The Franc rose against the US dollar and the Euro after the Swiss National Bank left the "anchor" of the national currency to the Euro at the same level. The Australian dollar fell in trading on Wednesday and matched parity with U.S. dollar. Again, the reason was because of the increased nervousness of market participants due to the European debt crisis. Gold prices experienced negative dynamics during the previous week and closed at $1598 level mark on Friday. World oil prices fell sharply on Wednesday. For the first time since 2008 the Organization of the Petroleum Exporting Countries (OPEC) at the meeting on 14 December decided to raise quotas for hydrocarbons production. In details, OPEC decided to increase the quota for the production from 24.845 million bpd to 30 million barrels / day. The WTI oil futures fell by more than five dollars and closed below $95 a barrel. Daily technical analysis will resume on 10th January 2012.   Our Holidays Schedule The Holiday period is fast approaching. Many countries will be celebrating Christmas and New Year, so banks and stock exchanges will not be operating at that time. We of course also will be closed for a few days during this period.  We will close on Friday, 23rd of December 2011 as usual and will reopen on Wednesday, 28th December 2011 at 9am GMT. We then will close again on 30th December 2011 and re-open on Tuesday 3rd January 2012.  We wish everyone a save and happy holiday period and a prosperous year 2012.     Get a 35% trading bonus when you open a new account.       A new bonus promotion has started. If you are just about to fund your trading account for a first time you may be eligible for a 35% bonus or maximum of $15,000. The full bonus conditions are available at https://forex-metal.com/discount/bonus35. If you would like to take advantage of this new promotion please contact our support team at payments@forex-metal.com .   Don't have an account yet? Maybe it is time to open one? Open the new trading account here https://forex-metal.com/accounts/new_2 to be eligible for this and other great promotions.  . Representatives Wanted!   We are expanding our operations and would like to open a representative office in your country, so we can be closer to our customers. If you feel that you are up to it: to have an interesting business and to have a steady income, then talk to us. You do not need to have any special knowledge - full training and support will be provided by us. For more details please contact our Business Development team at business@forex-metal.com or talk to our operators via live chat and they will put you to the right person. 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