Make Money Trading Forex-Foreign Exchange-FX

Thứ Sáu, 24 tháng 2, 2012

Market review for 23.02.12: The Euro rallied against its competitors and the EUR / USD pair grew up to $ 1.3375 area.

Forex Metal Daily Newsletter

Daily review for 23.02, 2012

The Euro rallied against its competitors and the EUR / USD pair grew up to $ 1.3375 area.

Asian and European trading sessions:

Euro: The EUR / USD pair slightly increased during the Asian session to the level of $1.3277. The published today's results of February IFO business climate index in Germany showed a growth to the level of 109.6 points, the highest level in seven months versus predicted 108.6 points and the values ??for January at 108.3 points. On this positive news the euro currency rallied against its competitors and the EUR / USD pair grew up to its session high at $ 1.3342 mark.

British Pound: The GBP / USD pair grew up during the Asian session, restoring yesterday's losses. The GBP / USD couple rose to the level of $ 1.5724. Although, the report on the balance of factory orders from the Confederation of British Industry was significantly better than expected, the trading dynamics of pound did not get any effect.

Japanese Yen: Amid falling major stock indexes in the region the yen rose against 13 of the 16 major currencies. The USD / JPY dropped during the Asian session to the level of Y80.05. However, the European trading session showed the opposite trading dynamics and the USD / JPY pair pulled back to test previous day's highs at theY80.30 area.

American trading session:

US Dollar: The dollar fell after the published report on Initial Jobless Claims, the number of which remained almost unchanged, at a four -year minimum, becoming another testimony for the improvement of the U.S. labor market. As the result, this fact was prompting investors to reduce the demand for safe assets today.

Oil: The WTI Oil futures on the NYMEX traded near 106 dollars a barrel, before a big jump to the $108.63 highs on the background of the report on U.S Inventories, which showed a decrease of the amount of Oil which is left there.

Gold: The cost of the February gold futures kept today in the range of 1771.0 - 1787.1 per ounce.

________________________________________________________________________

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.

Thứ Năm, 23 tháng 2, 2012

Market review for 22.02.12: The yen weakened against the U.S. dollar. The USD/JPY pair grew to Y80.37 level.

Forex Metal Daily Newsletter

Daily review for 22.02, 2012

The yen weakened against the U.S. dollar. The USD/JPY pair grew to Y80.37 level.

Asian and European trading sessions:

Euro: The EUR / USD pair remained within the $ 1.3212 -$ 1.3263 range. The publication of weak PMI in France, Germany and the EU as a whole had the negative effect on euro trading dynamics and pressured the currency during both sessions. Also, the announcement of the Fitch credit rating agency, which reduced the credit rating of Greece to the "C" from "CCC " did not provide any support.

US Dollar: The dollar grew to a six-month high against the yen to the level of Y80.35 showing the clear evidence that the U.S. economic is about to recovery in the nearest future. These positive expectations might reduce the possibility of starting of the 3d round of quantitative easing program by the Fed.

British Pound: The pound fell to lows of $1.5661against the U.S. dollar after the publication of the protocol of the last meeting of the Bank of England. In the published minutes of the meeting was noted that the Committee of the Bank of England expects the decline in inflation in 2012.

Australian and New Zealand dollars: The Australian and New Zealand dollars dropped after the publication of the preliminary value of the HSBC Flash China Manufacturing PMI index. An indicator of manufacturing activity in the country in February rose to 49.7 against the previous 48.8 in January.

American trading session:

Japanese Yen: The yen weakened above the level of Y80.35 against the dollar. The representative of the Ministry of Finance of Japan said that the yen is falling due to the easing of monetary policy by Bank of Japan and the Greek agreement.

Gold: The Gold reached the new highs of 1781 dollars per ounce and closed its day at the level of $1775.

Oil: The WTI oil futures on NYMEX grew to the highs of 106.6 dollars per barrel against the background of the situation around Iran.

________________________________________________________________________

TECHNICAL ANALYSIS for 23.02, 2012

EURUSD

The pair has risen to the resistance level at 1.33143. Support is at 1.31674.

Resistance: 1.33143, 1.34882, 1.35984

Support: 1.31674, 1.30277, 1.28630

GBPUSD

The pair has rolled back to 1.56722.

Resistance: 1.58543, 1.60322, 1.62050

Support: 1.56722, 1.54842, 1.53482

USDCHF

The pair will try to decline to the Moving Average (200) at 0.90565.

Resistance: 0.92026, 0.93069, 0.93949

Support: 0.91079, 0.89635, 0.88418

USDJPY

The pair has risen to 80.438.

Resistance: 80.438, 81.399, 82.219

Support: 79.707, 79.070, 78.345

AUDUSD

The pair has declined to 1.06164 and may break this level and decline to 1.05332.

Resistance: 1.07005, 1.07739, 1.08413

Support: 1.06164, 1.05332, 1.04407

Useful Links

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

Please do not reply to this newsletter.

Thứ Tư, 22 tháng 2, 2012

Market review for 21.02.12: The market reacted positively on the decision of providing assistance to Greece.

Forex Metal Daily Newsletter

Daily review for 21.02, 2012

The market reacted positively on the decision of providing assistance to Greece.

Asian and European trading sessions:

Euro: The euro boosted against almost all its competitors after the report of an agreement for providing assistance to Greece. The EUR / USD pair rocketed to the highs of $1.3295 in just 30 min time period. During the European trading session the euro currency pulled down giving back 100 pips on fears that the reaching agreement on financial aid to Greece will not be the end of the current debt crisis. The EUR/USD pair dropped to the lows of $1.3198.

British Pound: The GBP/USD couple traded today in a range of $1.5863 to $1.5722 during both sessions.

Australian dollar: After the announcement of the Reserve Bank of Australia on the Board February Minutes Event on the existing potential for further lowering of interest rates due to an economic slowdown, the Australian dollar weakened against all its competitors.

American trading session:

Japanese Yen: The Yen fell for the fourth consecutive day against other currencies, showing that the interest of investors has changed and they likely to buy higher-yielding assets then hold the Japanese currency instead.

Gold: The price of gold grew on the news of the Euro group decision to grant Greece a second package of financial assistance amounting to 130 billion euro. The cost of the February gold futures today went up to 1757 dollars per ounce.

Oil: Oil rose to its highest level of nine months against the U.S dollar to 106.44 dollars per barrel against the decision on granting aid to Greece. March WTI futures closed this day at the level of $105.90.