Market review for 13.06.12: The Greece creditors may consider easing on the requirements for austerity program for Greece after elections.

Email not displaying correctly? View it in your browser Asian and European trading sessions:   Euro: The Euro fell against other major currencies on today's Asian trading session. The EUR / USD pair retreated from yesterday's high and recorded its session low at $1.2475 level. During the European session, the Euro showed strength against the major currencies on the background of the published media reports telling that after the parliamentary elections in Greece, which is scheduled for June 17, the creditors would consider easing on the requirements for austerity program for Greece. As the result, the EUR / USD pair grew to the $1.2475 level. However, its growth was limited due to the results of auctions for Italian government bonds, which recorded an increase in yields. In details, the average yield rose to the level of 3.972 % versus 2.34 % for a similar previous release. Italy was able to sell a 12- month bonds on 6.5 billion Euros with the coverage which decreased to the level of 1.73 against 1.79 for a similar previous release.   U.S. Dollar: The dollar was strengthening against most major currencies at the Asian session on the published results of yesterday's auction on the Spanish bonds the yields of which grew to a 15-year high of 6.83%. The yield recorded the highest mark since 1997 year. The reason for this growth was a recent providing of the financial assistance for Spain on June 9. The country became the fourth country after Greece, Ireland and Portugal which received the finance help. British Pound: The GBP / USD pair fell during the Asian session, retreating from yesterday's high. The couple was able to recover at the beginning of the European session even moving to the highs of 1.5595. Japanese Yen: The USD / JPY pair traded in a range of Y79.55-Y79.68 during the Asian session the pair. The European session showed some strength of the currency on background of rising demand for the safe assets and by the end of the session the USD / JPY pair was traded near the lows of Y79, 30. American trading session:   Euro: The currency strengthened on the results of published today reports on Industrial Production in the euro area. The decline of Industrial Production in April was not so high than the average of analysts' forecasts and recorded 0.8 % m / m and -2.3% y / y against forecasts of 0, 9% and -2.7% respectively.   U.S. Dollar: On the background of published today reports on U.S. Retail Sales which fell in May for the second consecutive month the dollar dropped against almost all traded currencies. The market participants thought that the issue could show a new sign of a slowing of the U.S. economy. Gold: The Gold became expensive today on the news of possible easing requirements of the euro area to Greece after elections on June 17. The June Gold futures today grew to 1623.40 dollars per troy ounce today on the COMEX.   Oil: The Oil prices traded with volatile dynamics today. By the end of the day, the cost of the July futures on U.S. light crude oil WTI fell to $ 82.27 area rising before to $ 84.00 per barrel.   Technical analysis for 14/06 EURUSD The pair is trading between 1.26897 and 1.23907. Resistance: 1.25690, 1.26897, 1.28630 Support: 1.23907, 1.21813, 1.19332   GBPUSD The pair's support is 1.54842, resistance 1.56722. Resistance: 1.56722, 1.58543, 1.60322 Support: 1.54842, 1.53482, 1.52063   USDCHF The pair has tested channel line at 0.96220 and may decline to 0.95074. Resistance: 0.96220, 0.97427, 0.98512 Support: 0.95074, 0.93949, 0.93069   USDJPY The pair is testing Moving Average (200) at 79.707. If this level is broken the pair will rise to 80.438. Resistance: 79.707, 80.438, 81.399 Support: 79.070, 78.345, 77.539   AUDUSD The pair has broken 0.99207 and aiming to 1.00067. The pair is aiming to the Moving Average (100) at 1.01744. Resistance: 1.00067, 1.00907, 1.01744 Support: 0.99207, 0.98436, 0.97423 To unsubscribe please click here Forex-Metal 7-th floor, Century Tower, Ricardo J.Alvoro Ave, Panama, ,

Market review for 12.06.12: The Spanish bonds yields’ grew to their maximum level of 6, 728 %.

Email not displaying correctly? View it in your browser Asian and European trading sessions:   U.S. Dollar: The speech of the President of the Federal Reserve Bank of Chicago, Mr. Charles Evans put some pressure on the currency and Dollar, as the result, fell against major currencies. Mr. Evans said that he will support a wide range of measures for creating an increase in the number of jobs in the US country. He also stated that: "More asset purchases would be helpful. More purchases of mortgage-backed securities - that's good", meaning by that that he would welcome almost any adaptive policy. The market sentiment after this speech turned again towards the expectations for the new round of quantitative easing in the U.S.   British Pound: The GBP / USD pair during the Asian session was trading between $ 1.5464 -$ 1.5495 levels. Although, the report on Industrial Production in the UK rose did not match the analysts expectations the greenback grew against its competitors. The Industrial Production in the UK fell to 0.0 % on monthly bases versus forecasted growth to 0. 1%. The GBP / USD couple grew up to $1.5544area at the European trading session.   Japanese Yen: Today in Asian trading after the International Monetary Fund had revealed its readiness to except Japan's attempts to weaken the national currency the Yen stopped its growth and pulled back falling against the major currencies. In details, accordingly the published information, the First Deputy Managing Director of the Foundation, Mr. Lipton said: "We would understand Japans intervention in foreign exchange market." As the result, the Yen fell against the Dollar to the Y79.70 level during the European session. The Bank of Japan on June 14 will begin a two-day meeting where its representatives will discuss the programs for easing of monetary policy in the country.   Australian and New Zealand dollar: After the May's index of Housing Prices in New Zealand showed a growth, the Australian and New Zealand dollars pulled back and won back some of the yesterday's fall. Swiss Franc: Supported the franc today the publication of some economic forecasts from the State Secretariat for Economic Affairs (SECO). According to the published reports, the forecast of growth of the Switzerland GDP went up to +1.4% in the in 2012 versus the previously forecasted change of +0.8% yet forecasted GDP growth for 2013 by +1.5% a with previously expected by 1,8%. American trading session:   Euro: The euro fell against almost all major currencies due to the following factors: first, the Spanish bonds yields' grew to their maximum level of 6, 728 % - the highest level since 29 November 2011, second, the Fitch Ratings agency informed that Spain will not be able to reach the target level of fiscal deficit. All these negative factors increased again investors' fears of worsening debt crisis in Europe. In addition, the Fitch Ratings agency downgraded the rating of 18 Spanish banks. The information from Cyprus which would also need a financial assistance from the EU also indicated the destabilization in the Euro region and increased pressure on the currency. The EUR/USD pair fell into the $1.2443 area.   Gold: The June Gold futures on the COMEX grew today to 1617.35 dollars per troy ounce against the backdrop of transferring funds by investors from risky assets towards the commodities due to concerns that the financial assistance provided for the Spain's banking system would not be able to stop the spread of the debt crisis in the euro zone.   Oil: The Oil rose today on assumptions of reduction in U.S. oil inventories. The cost of the July futures on U.S. light crude oil WTI rose to $ 83.72 a barrel on the NYMEX today after falling to $ 81.10, its lowest intraday level since the beginning of October.   Technical analysis for 13/06   EURUSD The pair is trading between 1.26897 and 1.23907. Resistance: 1.25690, 1.26897, 1.28630 Support: 1.23907, 1.21813, 1.19332   GBPUSD The pair's support is 1.54842, resistance 1.56722. Resistance: 1.56722, 1.58543, 1.60322 Support: 1.54842, 1.53482, 1.52063   USDCHF The pair has tested channel line at 0.96220. Resistance: 0.96220, 0.97427, 0.98512 Support: 0.95074, 0.93949, 0.93069   USDJPY The pair is testing Moving Average (200) at 79.707. If this level is broken the pair will rise to 80.438. Resistance: 79.707, 80.438, 81.399 Support: 79.070, 78.345, 77.539   AUDUSD The pair has broken 0.99207 and aiming to 1.00067. Resistance: 1.00067, 1.00907, 1.01744 Support: 0.99207, 0.98436, 0.97423   To unsubscribe please click here Forex-Metal 7-th floor, Century Tower, Ricardo J.Alvoro Ave, Panama, ,

Market review for 11.06.12: The EFSA agreed on providing 100 billion Euros financial assistance to Spain.

Email not displaying correctly? View it in your browser     Asian and European trading sessions: Euro: The Euro gaped up strongly against most major currencies on the background of the news that the European governments have agreed on providing financial assistance to Spain. The EU stabilization fund expected that Spain needs will require up to 100 billion Euros. Moreover, unlike other countries, Spain in exchange for receiving assistance aid would not need to make any retrenchments. The requirements for providing this help would apply only to its financial sector. The EUR / USD pair was trading around $ 1.2637 during the Asian session slightly lower than the level of its move after opened today gap, level of $ 1.2665. U.S. Dollar: The Dollar fell against the backdrop of falling demand for save heaven assets, in connection with the growth of the Asian stock indices as well as on good news from Spain. British Pound: The GBP / USD pair rose during the Asian session supporting by positive market sentiment, towards its last week highs. At the European session the couple remained within the $ 1.5522 - $ 1.5578 levels. Japanese Yen: The USD / JPY pair traded in a range of Y79.34-Y79.70 during the Asian session. The Yen as a Dollar was not at demand at earlier Asian session due to the positive market sentiment which was based on good news from Spain.  Australian dollar: The Australian dollar rose on the reports from China which came out with mixed results. In details, the reports showed decrease in inflation and in industrial production yet demonstrated the strong results on exports and imports which reduced concerns about the slowing of the Chinese economy in the nearest future. American trading session: Euro: The Euro could not hold on reached levels and fell steeply down at the European session to the lows of 1.2530 against the U.S. Dollar. The reason for this fall was a still remained pressure on the currency due to the coming this Sunday, June 17 parliamentary elections in Greece. Greece will be forced to leave the EU if by the end of elections the parliament would fail again to form a government of country. Gold: The positive investors 'sentiment on news of providing the loan of 100 billion Euros to Spain for recapitalizing it the banking sector pushed the Gold prices to the 1608.0 dollars per troy ounce at the earlier Asian. However, the prices were not able to hold this level and move higher. The June Gold futures fell to 1583.0 dollars per ounce on the COMEX at the American session. Silver: The June Silver futures fell to 28.3 dollars per ounce on the COMEX at the American session. Oil: The Oil fell on concerns that the plan of salvation of Spain will not be able to calm the crisis the euro area. which slows growth and inhibits the consumption of fuel. The cost of the July futures on U.S. light crude oil WTI (Light Sweet Crude Oil) on the NYMEX today declined to $ 83.11 a barrel.       Technical analysis for 12/06   EURUSD The pair is reached 1.25690. If the pair stays below this level the pair will decline to 1.23907. Resistance: 1.25690, 1.26897, 1.28630 Support: 1.23907, 1.21813, 1.19332   GBPUSD The pair has reached 1.54842. Resistance: 1.54842, 1.56722, 1.58543 Support: 1.53482, 1.52063, 1.50594   USDCHF The pair has tested channel line and rolling back to 0.95074. Resistance: 0.96220, 0.97427, 0.98512 Support: 0.95074, 0.93949, 0.93069   USDJPY The pair is aiming to 79.707. Resistance: 79.707, 80.438, 81.399 Support: 79.070, 78.345, 77.539   AUDUSD The pair has broken 0.99207 and aiming to 1.00067. Resistance: 1.00067, 1.00907, 1.01744 Support: 0.99207, 0.98436, 0.97423   To unsubscribe please click here Forex-Metal 7-th floor, Century Tower, Ricardo J.Alvoro Ave, Panama, ,

Forex-Metal Weekly: Market review. Technical analysis.

Email not displaying correctly? View it in your browser IN THIS ISSUE: Weekly market review from Forex-Metal.   Weekly technical analysis. Get a 35% trading bonus when you open a new account.  Representatives Wanted! Weekly review for: 4 - 8. 06.12   Euro:  During past week the Euro currency was able to turn the previous strong downtrend to the opposite positive direction. On Monday, it traded higher against the background of politicians' discussions the possible restructuring of the banking sector of euro area as well as the good news from Portugal. The fact that the Vice -President of the European Commission, Mr. Olli Rehn as the European regulator considered the possibility of direct recapitalization of banks through the mechanism of the euro area financial fund of stability provided initial support for the Euro currency. The sellers tried to push the Euro down using the negative news published on Tuesday, the speech of  the Minister of Finance of Spain, Cristobal Montoro who asked the European financial institutions to help Spain in recapitalizing its banking system. Also, the economics reports which were published on the same day came out much worse than expected. Indeed, the Retail Sales in the Euro zone fell to -2.5% versus the forecasted -1.1% and Germany's Factory Orders fell to -1.9% vs. -1.1% in April in Month to Month term. The EUR / USD pair suffered big intraday loss falling to the area of $ 1.2408 during the European session. On Wednesday the couple jumped above $1.2580 level on the background of the ECB's decision on interest rate in Euro region. The ECB left the interest rate unchanged at 1% as it was forecasted, however, the speech of the European Central Bank president Mr. Mario Draghi this day where he mentioned the "readiness to act" after leaving the rate on the lowest record low level as well as intentions to extend the control mechanism for unlimited auctions before the end of the year as a measure of support for the European economy provided significant support for the currency. Moreover, Mr. Mario Draghi also said that the financial and credit institutions can rely on the provision of an unlimited liquidity by the ECB. On this positive news the EUR / USD pair rocketed above $ 1.2600 and recorded the new weekly high of $1.2625 mark.    U.S. Dollar: At the beginning of the week, the Dollar rose against a background of falling of World stock markets due to the negative economy statistics from China, Europe and U.S. As it was posted by the Federation of Logistics and Purchasing of China the PMI industry of the country recorded 50.4 points in May, which was the lowest level in the past five months. The unemployment rate in the 17 euro zone countries remained at a highest mark of 11% in April in monthly terms, unchanged from the revised in March. The volume of the Industrial Orders in U.S. in April 2012 decreased by 0.6 % compared to the analysts' expectation of predicting their growth by 0.2 %. However, the currency started to became cheaper from Tuesday due to decreased demand for "save heaven " assets as well as the turning of the stock markets to the positive direction. The fact that the People's Bank of China lowered the benchmark interest rate by 25 points also put also some pressure on the Dollar. On Thursday, the Dollar strengthened against its competitors on a background of speech of the Federal Reserve chairman Mr. Ben Bernanke who did not mention to provide any additional measures for supporting the U.S. economy.   British Pound:  During the Monday the GBP / USD pair was trading between $ 1.5340 -$ 1.5380 in relatively narrow range on the background that the UK financial markets were closed this day due to the National holiday as well as on lack of macroeconomics data. With the positive sentiment which came back to the markets the pound showed a growth against major currencies. The announcement of the Bank of England on the decision to leave the interest rate unchanged at the 0.50 % also provided some support for the sterling. Although, the Bank of England left the bond repurchase program at 325 billion pounds, as it was expected, it did not mention any further additional measures aimed for supporting the national economy in spite of the worsening situation in the British economy and the deepening debt crisis in the euro area. The GBP / USD grew, in contrast, into the region of $ 1.5598.   Japanese Yen: The reason that the Dollar strengthened against the yen was the fact that the treasuries' yields rebounded from a record low for the first time in four days. Also, the statements the of Minister of Finance of Japan Mr. Azumi 's about the readiness to take " decisive action " in order to reduce the "excessive movement" of the national currency which were made by June 1 contributed to correction in USD / JPY pair after the three-day of fall. On Tuesday, the yen fell against the Dollar after the leaders of the G7 group agreed to cooperate for preventing the excessive growth of the currency in the Forex market. The Japanese Finance Minister Mr.Jun Azumi noted that the recent growth of Japanese Yen as well as decline of the Japan's stock market had a negative impact on the economy. He also mentioned that the G- 7 committee Central banks promised to intervene in the foreign exchange market in case the Japanese currency will excessively grew. In till the end of the week the yen was falling against most of the major currencies on continued growth of the risk appetite among investors as well as on rising World's stock markets.   Australian dollar: The RBA lowered the benchmark interest rate by 0.25 % points - to 3.5 % per annum. Despite the fact, the currency grew up against almost all its competitors. The 3.5% rate which the lowest since 2009 was lowered amid fears that the debt crisis problems in Europe and China's economy slow down will put a negative impact on the Australian economy. The currency continued its uptrend on the background of positive report on GDP in country. In details, the Australian economy grew in the first quarter of 2012 faster than it was predicted by experts. The GDP of the 1-st quarter of 2012 grew to 1.3% versus forecasted values of 0.6%.Together with that, the Australia's economy grew by 4.3% compare with the first quarter of 2011 where the value was only the 2.5%. Unexpectedly high rate of growth of Australian economy reduced the fears of many investors and analytics who thought that the slowdown of the global economy would impact negatively the Australian economy performances. In addition, the currency also got support from the report on the employment situation in country, which improved much better than analysts' expected and resulted in May a rise in the number of jobs in Australia by 38.9K, versus forecasted 0K and compared with the revised increase in April by 7K.   Weekly TECHNICAL ANALYSIS for 11 - 15.06, 2012     EURUSD The pair may decline to 1.21390.  This is a strong level which is supported by Fibonacci 50%.  Resistance:  1.25667, 1.28800, 1.33427 Support: 1.20280, 1.17063, 1.14010   GBPUSD  The pair has found support at Fibonacci 23% 1.53270.  Resistance:  1.59962, 1.64274, 1.68504 Support:  1.52523, 1.48532, 1.43344    USDCHF  The pair has reached resistance 0.96597 and rolling back to Moving Average 0.93264. Resistance:  0.96597, 0.99031, 1.01369 Support: 0.93264, 0.91074, 0.88022    USDJPY The pair has broken 80.244 but couldn't reach 76.535.  The pair may return to 80.244. Resistance:  80.244, 83.330, 86.836 Support:  76.535, 73.126, 69.117   AUDUSD The pair is trading below Moving Average (200) 1.00137. Resistance:  1.00592, 1.01873, 1.03847 Support:  0.97889, 0.94417, 0.89581   New version of MAM is released. A new version of MAM has been released. The MAM system allows fund managers to place orders from multiple accounts at the same time. Any order placed on the master account is automatically transmitted to all connected sub-accounts. All usual orders are allowed, including pending orders, SL, TP as wells as hedging and use of expert advisors on all accounts simultaneously. Fund managers trading on our platform are able to use the new MAM version absolutely free. If you are a manager trading on behalf of other customers and are interested to use the MAM system, please contact our Support Team at support@forex-metal.com . 35% Trading Bonus is ON Again!  Get a cash bonus of up to $15000 when you deposit funds into your account for the first time. The full bonus conditions are available here: https://forex-metal.com/discount/bonus35  If you have just opened a trading account with us and fund it, you can receive a cash bonus in addition to your deposit. If you would like to receive the bonus, please contact us at payments@forex-metal.com  and confirm that you would like to receive the bonus, at the time your account is being funded. 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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Market review for 06.06.12: The president of the ECB, Mr. Mario Draghi confirmed his "readiness to act" after leaving the interest rate unchanged at a record low level of 1%.

Email not displaying correctly? View it in your browser     Asian and European trading sessions:   Euro: The Euro kept its positive trading dynamics and traded on highs against almost all major currencies on the background of yesterday's statements of the president of the European Central Bank,Mr. Mario Draghi who said that the financial and credit institutions can rely on the provision of unlimited liquidity by the ECB. The EUR / USD pair even went above $ 1.2600 on that news and recorded the new weekly high of $1.2625 mark.   U.S. Dollar: The dollar traded in a range around its weekly lows during the Asian session in anticipation of the today's speech of the Federal Reserve's chairman Mr.Ben Bernanke. The market was full of expectations and waited for new signals on easing of the monetary policy for further support of the U.S.economy. The fact that the People's Bank of China lowered the benchmark interest rate by 25 points also put some pressure on the dollar by providing a positive sentiment on markets thus increasing the risk appetite among investors. In details, the benchmark interest rate was lowered for the first time since 2008 to 3.25 % from 3.50%.   British Pound: During the Asian session the GBP / USD pair fell to $1.5430 after yesterday's big run. However, the positive sentiment came back during the European session and the pound showed a growth against major currencies. The announcement of the Bank of England on the decision to leave the interest rate unchanged at the 0.50 % provided some support for the sterling during the session. Although, the Bank of England left the bond repurchase program at 325 billion pounds, as it was expected, it did not mention any further additional measures aimed for supporting the national economy in spite of the worsening situation in the British economy and the deepening debt crisis in the euro area. The GBP / USD grew, in contrast, into the region of $ 1.5598.   Japanese Yen: The USD / JPY pair grew up into the Y79, 77 areas on the European trading session. The yen fell against most of the major currencies today on continued growth of the risk appetite among investors as well as on rising World's stock markets.   Australian dollar: The Australian dollar continued to strengthen against all its competitors after the yesterday's publications of positive macroeconomic statistics of the Australian economy's performance. In addition, it also got support from the today's report on the employment situation in country, which improved much better than analysts' expected and resulted in May a rise in the number of jobs in Australia by 38.9K, versus forecasted 0% and compared with the revised increase in April by 7K.     American trading session:   U.S. Dollar: The dollar strengthened against its competitors on a background of speech of the Federal Reserve chairman Mr.Ben Bernanke who did not mention any additional measures for supporting the U.S. economy.   Japanese Yen: The yen fell against all major currencies after China lowered the benchmark interest rate for the first time since 2008 thus caused decrease in demand for safe heaven assets.   Gold: The Gold prices dropped down on the COMEX to $1583 per troy ounce area on the background of the speech of Mr. Ben Bernanke who did not mention any signals on additional measures for stimulating the U.S. economy.   Silver: The Silver prices fell by the $1.05 to the $28.40 per troy ounce today.   Oil: The Oil fell for the same reason as the Gold. The cost of the WTI July's futures on the NYMEX today declined to $ 83.51 per barrel.   To unsubscribe please click here Forex-Metal 7-th floor, Century Tower, Ricardo J.Alvoro Ave, Panama, ,

Market review for 06.06.12: The president of the ECB, Mr. Mario Draghi confirmed his "readiness to act" after leaving the interest rate unchanged at a record low level of 1%.

Email not displaying correctly? View it in your browser   Asian and European trading sessions:   Euro: The Euro strengthened against almost all its competitors in anticipation of the ECB decision on interest rate in Euro region. There were positive expectations on markets, which basically provided support for the Euro currency, based on the fact that the European Central Bank would decide to stimulate the European economy due to the negative situation with the debt crisis in region. The EUR / USD pair strengthened to $ 1.2528-$1.2530 levels during both sessions. US Dollar: Today, due to the strong positive statistics data from the U.S. and Australia as well as growing the Asian and European stocks markets the U.S. Dollar fell against most major currencies. British Pound: The Pound continued its positive correction today against most major traded currencies.The GBP / USD pair grew up during the Asian session retreating from the deep lows of the previous week to the region of $ 1.5512. Japanese Yen:  The Yen continued to fall against the Dollar again, on the background of yesterday's statements of the Minister of Japan Mr.Jun Azumi who noted that the recent growth of Japanese Yen as well as decline of the Japan's stock market had a negative impact on the Japan economy. He also mentioned that he found support from the G- 7 committee Central banks who promised to intervene in the foreign exchange market in case if the Japanese currency will grew excessively. The USD / JPY pair raised the level of Y79, 25 which is above of yesterday's highs during both sessions. Australian dollar: The Australian dollar rose against all its competitors on the background of positive report on GDP in country. In details, the Australian economy grew in the first quarter of 2012 faster than it was predicted by experts. The GDP of the 1-st quarter of 2012 grew to 1.3% versus forecasted values of 0.6%.Together with that, the Australia's economy grew by 4.3% compare with the first quarter of 2011 where the value was only the 2.5%. Unexpectedly high rate of growth of Australian economy reduced the fears of many investors and analytics that the slowdown of the global economy would have a negative impact on the Australian economy performances.   American trading session:   US Dollar and Japanese yen: The Dollar and the Yen weakened against most major currencies amid falling demand for safe heaven assets. Euro: The currency continued to recover after a big drop during all month of May. The ECB left the interest rate unchanged at 1% as it was forecasted. The speech of the European Central Bank president Mr. Mario Draghi where he mentioned the "readiness to act" after leaving the rate on the lowest record low level as well as on intentions to extend the control mechanism for unlimited auctions before the end of the year as a measure of support for the European economy provided more support for the Euro trading dynamics. As the result, the EUR/USD couple jumped above $1.2580 level. Oil: The WTI Oil's futures rose to $ 86.24 per barrel today on the NYMEX running for the third day in a row on speculations that the world's major Central Banks will introduce new stimulus for economic growth which would support the demand for fuel. Gold: The Gold continued its uptrend on a fact of weakening of the U.S. Dollar against most currencies as well as the uncertain situation with the debt problems of the euro zone. June Gold prices touched today the level of $1640.0 which is the important 200 EMA days level. Silver: The Silver was also in demand today and performed better than Gold. The Silver futures grew by 2.9 % to $29.89 level and broke on their way the important resistance level of $28.78 the high of the May.    Technical analysis for 7/06 EURUSD The pair is reached 1.25690.  If the pair stays below this level the pair will decline to 1.23907. Resistance:  1.25690, 1.26897, 1.28630 Support:  1.23907, 1.21813, 1.19332   GBPUSD The pair has reached resistance 1.54842.  Resistance:  1.54842, 1.56722, 1.58543 Support:  1.53482, 1.52063, 1.50594   USDCHF  The pair has tested channel line and rolling back to 0.95074.  Resistance:  0.96220, 0.97427, 0.98512 Support:  0.95074, 0.93949, 0.93069 USDJPY The pair is aiming to 79.707.  Resistance: 79.707, 80.438, 81.399 Support:  79.070, 78.345, 77.539   AUDUSD The pair has broken 0.99207 and aiming to 1.00067.  Resistance:  1.00067, 1.00907, 1.01744 Support: 0.99207, 0.98436, 0.97423   To unsubscribe please click here Forex-Metal 7-th floor, Century Tower, Ricardo J.Alvoro Ave, Panama, ,

Market review for 05.06.12: The Reserve Bank of Australia lowered the interest rate by 0.25 % points - to 3.5 %.

Email not displaying correctly? View it in your browser   Asian and European trading sessions:  Euro: At the beginning of the Asian trading session the euro continued its third-day of rising in anticipation of a result of today's G7meeting which would have been hold as a conference call between the Finance Ministers and the Central Bank Governors of the ' Group of Seven ". The EUR / USD pair grew up, updating the weekly maximum. However, the Euro resumed its major downtrend amid weak reports which were published today as well as on statements of the Minister of Finance of Spain, Cristobal Montoro who in his speech asked the European financial institutions to help Spain in recapitalizing its banking system. The published macroeconomic data came out much worse than expected. Indeed, the Retail Sales in the Euro zone fell to -2.5% versus the forecasted -1.1% and Germany's Factory Orders fell to -1.9% vs. -1.1% in April in Month to Month term. The only one, the report on overall Purchasing Manager Index for the euro area went better than expected. The EUR / USD pair suffered big intraday loss falling to the area of $ 1.2408 during the European session. US Dollar: The dollar became cheaper today relative to most major currencies on the background of decreasing demand for " save heaven " assets as well as the rising of the Asian stock markets. Australian dollar: The important news of today for the Australian currency was the decision of the Reserve Bank of Australia on interest rate in country. The RBA lowered the benchmark interest rate today by 0.25 % points - to 3.5 % per annum. Despite the fact, the currency grew up today against almost all its competitors. The 3.5% rate which the lowest since 2009 was lowered amid fears that the debt crisis problems in Europe and China's economy slow down will put a negative impact on the Australian economy. Indeed, the Reserve Bank of Australia reduced its benchmark interest rate for a second consecutive month for the reason of supporting the development of the Australian economy which depends on growing of the commodity prices.   American trading session:    Japanese Yen: The yen fell against the dollar today after the leaders of the G7 group agreed to cooperate for preventing the excessive growth of the currency in the Forex market. The Japanese Finance Minister Mr.Jun Azumi noted that the recent growth of Japanese Yen as well as decline of the Japan's stock market had a negative impact on the economy. Oil: The price of the July futures of WTI on the NYMEX today was kept in the range of $ 83.29 - $ 84.87 per barrel. The Oil traded in range due to the published today positive report on the index of activity in the services sector of U.S which showed an unexpected growth and continued to present the investors' fears that the situation in the European economy would affect demand for Oil. Gold: Today, the June's Gold futures on the COMEX traded around $1617, 9 per troy ounce. The Gold was trying to copy the Oil's trading dynamics and traded mostly flat on the background of discussions of finance ministers and central bankers of the (G7) about the situation with the debt crisis in the euro zone, which threatens the whole World economy.   Technical analysis for 6/06 EURUSD The pair is rolling back to 1.25690. Resistance:  1.25690, 1.26897, 1.28630 Support:  1.23907, 1.21813, 1.19332 GBPUSD The pair is aiming to 1.54842. Resistance:  1.54842, 1.56722, 1.58543 Support:  1.53482, 1.52063, 1.50594 USDCHF The pair has tested channel line and rolling back to 0.95074. Resistance:  0.96220, 0.97427, 0.98512 Support:  0.95074, 0.93949, 0.93069 USDJPY The pair is aiming to 79.070.  Once this level is broken the pair will rise to 79.707. Resistance: 79.070, 79.707, 80.438 Support:  78.345, 77.539, 76.463 AUDUSD The pair has risen to 0.98436. If this level is broken the pair will rise to 0.99207. Resistance:  0.98436, 0.99207, 1.00067 Support: 0.97423, 0.96579, 0.95611   To unsubscribe please click here Forex-Metal 7-th floor, Century Tower, Ricardo J.Alvoro Ave, Panama, ,