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Forex-Metal Daily Analysis -15/06/2011
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[QUOTE="Forex-Metal, post: 19688, member: 5723"] China demonstrates industrial production growth. Asian and European trading session: Euro: The released economic statistics in China demonstrated industrial production growth (actual value of 13.3% growth against the 13.1% forecasted), which pressured the demand for the low-risk currencies and the high-yielding assets increased. As a result the EUR/USD reached the $1.4470 maximums. Later on the rate decreased to the $1.4420 temporary minimums. US Dollar: The greenback was under pressure in anticipation of the weak US fundamentals. The demand for the save-heaven assets dropped, which reinforced the negative impact on the US dollar rate. British Pound: The pound strengthened as well, and the GBP/USD grew to the $1.6440 level. Minimums were reached at the $1.6375 mark. Japanese Yen: According to the forecasts, the Bank of Japan left the principal rate unchanged at the previous level of 0.10%. Oil: Oil prices decreased today to the $97.19 level per barrel. American trading session: Japanese Yen: The USD/JPY pair closed the trading day at the level of Y80,45. US Dollar: According to the released information, the US Advance retail sales drop was not as serious as forecasted: decrease for 0.2% against the expected drop of 0.5%. And the Producer price index turned out to be above expectations: 0.2% against the forecasted 0.1%. [url]https://forex-metal.com/news_posts[/url] Technical analysis for 15/06 EURUSD If 1.42996 is broken the pair will decline to Moving Average (100) at 1.41780. Resistance: 1.44400, 1.46222, 1.47342 Support: 1.42996, 1.41780, 1.40690 GBPUSD The pair is trading between Fibonacci retracement 38.2% and Moving Average (100) 1.62050. Resistance: 1.64636, 1.65706, 1.67165 Support: 1.63316, 1.62050, 1.60322 USDCHF The pair has reached 0.84685. If this level is broken the pair will rise to 0.85939. Resistance: 0.84685, 0.85939, 0.87214 Support: 0.83541, 0.82483, 0.81356 USDJPY If the pair stays below 80.438 the pair may decline to 79.707. Resistance: 80.438, 81.399, 82.219 Support: 79.707, 79.070, 78.345 AUDUSD The pair has risen to 1.07005. Resistance: 1.07005, 1.07739, 1.08413 Support: 1.06164, 1.05332, 1.04407 [url]https://forex-metal.com/news_posts[/url] [/QUOTE]
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