IN THIS ISSUE:
1. Weekly market review from Forex-Metal.
2. Weekly technical analysis
3. Customer Support via Yahoo Messenger
4. Get a 35% trading bonus when you open a new account.
5. Representatives Wanted!
________________________________________
WEEKLY REVIEW FOR 20 - 24.02, 2012
Euro: The Euro started this week trading positively against its competitors on the background of meeting of EU finance ministers in Brussels. Tuesday saw the Euro’s big boost 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. Later on, 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. On Wednesday, the publication of weak PMI in France, Germany and the EU as a whole had a 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. The published Thursday’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. Closer to the end of this week the EUR / USD was tested the $1.3485 highs, rising by 2.8% since the start of this week.
U.S. Dollar: On Monday, against the background of positive dynamics at the Asian stock markets, the U.S. dollar fell against most major currencies. The reason for this positive was the Saturday’s announcement of Bank of the People's of China, which reduced 50 basis points from mandatory requirements for the reserve of funds of Chinese banks. The dollar grew to a six-month high against the yen to the level of Y80.35 on Wednesday showing the clear evidence that the U.S. economic is about to recovery in the nearest future. These positive expectations were reduced the possibility of starting the 3d round of quantitative easing program by the Fed. On Thursday, the dollar fell on the background of 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 this day. By the end of the week on Friday the U.S. dollar index confirmed its decrease by almost 1.7%.
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 on Wednesday. In the published minutes of the meeting was noted that the Committee of the Bank of England expects the decline in inflation in 2012. The GBP / USD pair grew up on Thursday’s sessions, 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. Toward the Friday’s close, the pound strengthened against the backdrop of a weakening dollar to this week start level.
Japanese Yen: The reason for the Japanese Yen falling on Monday was the report of the Japan government which stated that the Japan's exports declined in January, due to the strong national currency and the weakness of World global demand. The yen dropped against almost all major currencies. The report also provided information regarding the country's trade deficit, which widen to 1.48 trillion ¥ ($ 19 billion), while exports fell by 9.3 percent. The Yen continued dropping on Tuesday, showing that the interest of investors has changed and they likely to buy higher-yielding assets rather then hold the Japanese currency instead. On Wednesday, 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. As the result of this week, the Yen closed at the highest level since the beginning of this year, the Y81.00 level.
________________________________________
WEEKLY TECHNICAL ANALYSIS FOR 27.02 - 2. 03, 2012
EURUSD
The pair has broken 1.33427 and aiming to the Moving Average (200) at 1.3857.
Resistance: 1.37441, 1.41130, 1.44835
Support: 1.33427, 1.28800, 1.25667
GBPUSD
The pair has reached the Moving Average (100) at 1.59962 and moving back to 1.56615.
Resistance: 1.59962, 1.64274, 1.68504
Support: 1.52523, 1.48532, 1.43344
USDCHF
The pair is aiming to test support at the Fibonacci level 38% at 0.88434.
Resistance: 0.91074, 0.93264, 0.96597
Support: 0.88022, 0.85633, 0.82723
USDJPY
The pair has broken 80.244. The pair will try to reach Moving Average (100) at 82.245.
Resistance: 83.330, 86.836, 90.909
Support: 80.244, 76.535, 73.126
AUDUSD
The pair has broken Triangle, the pair is trading around resistance. If 0.07806 is broken the pair will continue rising to 1.09604.
Resistance: 1.07806, 1.09604, 1.11831
Support: 1.05810, 1.03847, 1.01873
CUSTOMER SUPPORT VIA YAHOO MESSENGER
We have recently announced the introduction of Yahoo Messenger support service in addition to our phone, email, online chat, and Skype support. A recent research, conducted by our quality assurance team, showed that in 2011, 93% of our clients used Skype and online chat as their first choice for contacting a support representative. This prompted us to add another instant messaging tool- Yahoo Messenger- to increase the satisfaction of our clients.
Customers can reach Forex-Metal support operators via Yahoo Messenger at forexmetal@ymail.com Monday to Friday, 9am to 5pm Panama time (EST). Since January, 1st when we introduced Yahoo Messenger support, we have been witnessing a growing number of clients who prefer this method of communication, mostly of them from India, Indonesia, Nigeria, Egypt, and other countries. In the nearest future we are planning to switch Yahoo Messenger support to the 24/5 mode we have on Skype and online chat.
________________________________________
35% TRADING BONUS IS ON AGAIN!
Cash bonus promotion - "You nominate the amount of the bonus". 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 the bonus amount you would like to receive, 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.
________________________________________
1. Weekly market review from Forex-Metal.
2. Weekly technical analysis
3. Customer Support via Yahoo Messenger
4. Get a 35% trading bonus when you open a new account.
5. Representatives Wanted!
________________________________________
WEEKLY REVIEW FOR 20 - 24.02, 2012
Euro: The Euro started this week trading positively against its competitors on the background of meeting of EU finance ministers in Brussels. Tuesday saw the Euro’s big boost 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. Later on, 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. On Wednesday, the publication of weak PMI in France, Germany and the EU as a whole had a 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. The published Thursday’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. Closer to the end of this week the EUR / USD was tested the $1.3485 highs, rising by 2.8% since the start of this week.
U.S. Dollar: On Monday, against the background of positive dynamics at the Asian stock markets, the U.S. dollar fell against most major currencies. The reason for this positive was the Saturday’s announcement of Bank of the People's of China, which reduced 50 basis points from mandatory requirements for the reserve of funds of Chinese banks. The dollar grew to a six-month high against the yen to the level of Y80.35 on Wednesday showing the clear evidence that the U.S. economic is about to recovery in the nearest future. These positive expectations were reduced the possibility of starting the 3d round of quantitative easing program by the Fed. On Thursday, the dollar fell on the background of 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 this day. By the end of the week on Friday the U.S. dollar index confirmed its decrease by almost 1.7%.
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 on Wednesday. In the published minutes of the meeting was noted that the Committee of the Bank of England expects the decline in inflation in 2012. The GBP / USD pair grew up on Thursday’s sessions, 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. Toward the Friday’s close, the pound strengthened against the backdrop of a weakening dollar to this week start level.
Japanese Yen: The reason for the Japanese Yen falling on Monday was the report of the Japan government which stated that the Japan's exports declined in January, due to the strong national currency and the weakness of World global demand. The yen dropped against almost all major currencies. The report also provided information regarding the country's trade deficit, which widen to 1.48 trillion ¥ ($ 19 billion), while exports fell by 9.3 percent. The Yen continued dropping on Tuesday, showing that the interest of investors has changed and they likely to buy higher-yielding assets rather then hold the Japanese currency instead. On Wednesday, 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. As the result of this week, the Yen closed at the highest level since the beginning of this year, the Y81.00 level.
________________________________________
WEEKLY TECHNICAL ANALYSIS FOR 27.02 - 2. 03, 2012
EURUSD
The pair has broken 1.33427 and aiming to the Moving Average (200) at 1.3857.
Resistance: 1.37441, 1.41130, 1.44835
Support: 1.33427, 1.28800, 1.25667
GBPUSD
The pair has reached the Moving Average (100) at 1.59962 and moving back to 1.56615.
Resistance: 1.59962, 1.64274, 1.68504
Support: 1.52523, 1.48532, 1.43344
USDCHF
The pair is aiming to test support at the Fibonacci level 38% at 0.88434.
Resistance: 0.91074, 0.93264, 0.96597
Support: 0.88022, 0.85633, 0.82723
USDJPY
The pair has broken 80.244. The pair will try to reach Moving Average (100) at 82.245.
Resistance: 83.330, 86.836, 90.909
Support: 80.244, 76.535, 73.126
AUDUSD
The pair has broken Triangle, the pair is trading around resistance. If 0.07806 is broken the pair will continue rising to 1.09604.
Resistance: 1.07806, 1.09604, 1.11831
Support: 1.05810, 1.03847, 1.01873
CUSTOMER SUPPORT VIA YAHOO MESSENGER
We have recently announced the introduction of Yahoo Messenger support service in addition to our phone, email, online chat, and Skype support. A recent research, conducted by our quality assurance team, showed that in 2011, 93% of our clients used Skype and online chat as their first choice for contacting a support representative. This prompted us to add another instant messaging tool- Yahoo Messenger- to increase the satisfaction of our clients.
Customers can reach Forex-Metal support operators via Yahoo Messenger at forexmetal@ymail.com Monday to Friday, 9am to 5pm Panama time (EST). Since January, 1st when we introduced Yahoo Messenger support, we have been witnessing a growing number of clients who prefer this method of communication, mostly of them from India, Indonesia, Nigeria, Egypt, and other countries. In the nearest future we are planning to switch Yahoo Messenger support to the 24/5 mode we have on Skype and online chat.
________________________________________
35% TRADING BONUS IS ON AGAIN!
Cash bonus promotion - "You nominate the amount of the bonus". 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 the bonus amount you would like to receive, 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.
________________________________________