IN THIS ISSUE:
1. Weekly market review from Forex-Metal.
2. Weekly technical analysis
3. Trade forex from your mobile device – use our free iphone and android apps.
4. Get a 35% trading bonus when you open a new account.
5. Representatives Wanted!
________________________________________
WEEKLY REVIEW FOR 16 - 20.01, 2012
Euro: The European currency made another great attempt to recover against the U.S. dollar and rotate its well-established down trend. After reaching a new low of $1.2627 against the US dollar on Monday due to lowering credit ratings of some Europeans countries by Standard & Poor rating agency on Friday, January 13 the Euro currency started its big snap back. On that day, the good news of placement of the government bonds of France were supported for currency positive trading dynamics. On Tuesday, the Euro rose against the background of report on China‘s GDP which was better than expected. In details, the report showed the increase to 8.9% versus forecasted 8.7% in fourth quarter of 2011 year. The support for the Euro currency was also provided by the results of the auction on government bonds of Belgium. Belgium attracted 2.96 billion euro with planned target of 3.0 billion euro. The currency continued growing as well as after the successful result of auction of bonds of the European Financial Stability Facility (EFSF). The published by the German institute ZEW report, whose index value showed improvement in Germany and the EU as a whole had also positive influence for the trading dynamics of the Euro. The currency recorded its daily high of $ 1.2807 mark. Against the background of making attempts to force the Greek private lenders such as banks, insurance companies and hedge funds to agree to cancel 50% of the country's debt in their holding the euro was rising during the Wednesday’s trading sessions. On Thursday, the results of the auctions of Germany’s government bonds, which raised 3.44 billion euro for 2 years as well as of Portugal’s bonds of 2.5 billion euro with targeted 2-2.5 billion euro, were also supportive for the Euro currency. The Euro continued to strengthen against major currencies amidst the positive results of auctions of Spain and France governments bonds. All in all, the Euro has recovered by almost 2% against the U.S. dollar and added 230 points by the end of this week.
US Dollar: The dollar fell against major currencies against the background of positive dynamics in the Asian, European and U.S. stock markets. The investors were also buying the risky assets. The declined demand for relatively safe assets started to be appeared after the published information by IMF which informed of increasing its lending resources to $ 500 billion in order to protect the global economy. The American dollar continued to decline against its major competitors amid signs of U.S. economic recovery and rising stock prices of Asian, European and American companies.
British Pound: The GBP/USD pair traded mostly in uptrend direction and has almost the same dynamics with the Euro currency .Friday even showed this couple increase by 1.5% or 230 points, after the positive data on retail sales.
Australian dollar: The Australian dollar rocketed sharply today at the beginning of the Asian session against a background of stronger than expected data on China‘s GDP which grew in fourth quarter of 2011 year. The currency traded at its highs against of almost all its competitors. Even though, the employment report in Australia showed job losses of 29 300 in December 2011, the currency continued its uptrend which was primarily supported by the demand for risky assets.
________________________________________
WEEKLY TECHNICAL ANALYSIS FOR 23 - 27. 01, 2012
EURUSD
The pair has broken Moving Average (500) and trying to reach support at 1.25667. If the pair stays above this level the pair will return to MA (500) and Fibonacci level 38% at 1.30624. If the pair declines below 1.25667 the pair will decline to the next Fibonacci level 50% at 1.21216.
Resistance: 1.28800, 1.33427, 1.37441
Support: 1.25667, 1.20280, 1.17063
GBPUSD
The pair may try to decline to Fibonacci 23% at 1.53340.
Resistance: 1.59962, 1.64274, 1.68504
Support: 1.52523, 1.48532, 1.43344
USDCHF
The pair has reached Moving Average (100) and may stay below this level 0.93264.
Resistance: 0.96597, 0.99031, 1.04060
Support: 0.93264, 0.91074, 0.88022
USDJPY
The pair has declined to support level at 76.535.
Resistance: 80.244, 83.330, 86.836
Support: 76.535, 73.126, 69,117
AUDUSD
The pair is trying to break upper level of the triangle and aiming to 1.05810.
Resistance: 1.05810, 1.07806, 1.09604
Support: 1.03847, 1.01873, 1.00031
TRADE FOREX FROM YOUR MOBILE DEVICE – USE OUR FREE IPHONE AND ANDROID APPS.
Did you know that you can trade with Forex Metal from your iPhone/iPad or Android device? Our free mobile apps are available to download at https://forex-metal.com/home/mobile_dealing
Use your usual account access details to trade from your device even if you are not home or at the office.
When you trade forex it is important to know the exact value of your trade up to a single pip. Our free iPhone/iPod app can help to calculate the value of 1 pip for each forex pair. To download the free app visit www.pipvaluecalculator.com or search Apple iTunes store for Pip Value Calculator.
________________________________________
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. Trade forex from your mobile device – use our free iphone and android apps.
4. Get a 35% trading bonus when you open a new account.
5. Representatives Wanted!
________________________________________
WEEKLY REVIEW FOR 16 - 20.01, 2012
Euro: The European currency made another great attempt to recover against the U.S. dollar and rotate its well-established down trend. After reaching a new low of $1.2627 against the US dollar on Monday due to lowering credit ratings of some Europeans countries by Standard & Poor rating agency on Friday, January 13 the Euro currency started its big snap back. On that day, the good news of placement of the government bonds of France were supported for currency positive trading dynamics. On Tuesday, the Euro rose against the background of report on China‘s GDP which was better than expected. In details, the report showed the increase to 8.9% versus forecasted 8.7% in fourth quarter of 2011 year. The support for the Euro currency was also provided by the results of the auction on government bonds of Belgium. Belgium attracted 2.96 billion euro with planned target of 3.0 billion euro. The currency continued growing as well as after the successful result of auction of bonds of the European Financial Stability Facility (EFSF). The published by the German institute ZEW report, whose index value showed improvement in Germany and the EU as a whole had also positive influence for the trading dynamics of the Euro. The currency recorded its daily high of $ 1.2807 mark. Against the background of making attempts to force the Greek private lenders such as banks, insurance companies and hedge funds to agree to cancel 50% of the country's debt in their holding the euro was rising during the Wednesday’s trading sessions. On Thursday, the results of the auctions of Germany’s government bonds, which raised 3.44 billion euro for 2 years as well as of Portugal’s bonds of 2.5 billion euro with targeted 2-2.5 billion euro, were also supportive for the Euro currency. The Euro continued to strengthen against major currencies amidst the positive results of auctions of Spain and France governments bonds. All in all, the Euro has recovered by almost 2% against the U.S. dollar and added 230 points by the end of this week.
US Dollar: The dollar fell against major currencies against the background of positive dynamics in the Asian, European and U.S. stock markets. The investors were also buying the risky assets. The declined demand for relatively safe assets started to be appeared after the published information by IMF which informed of increasing its lending resources to $ 500 billion in order to protect the global economy. The American dollar continued to decline against its major competitors amid signs of U.S. economic recovery and rising stock prices of Asian, European and American companies.
British Pound: The GBP/USD pair traded mostly in uptrend direction and has almost the same dynamics with the Euro currency .Friday even showed this couple increase by 1.5% or 230 points, after the positive data on retail sales.
Australian dollar: The Australian dollar rocketed sharply today at the beginning of the Asian session against a background of stronger than expected data on China‘s GDP which grew in fourth quarter of 2011 year. The currency traded at its highs against of almost all its competitors. Even though, the employment report in Australia showed job losses of 29 300 in December 2011, the currency continued its uptrend which was primarily supported by the demand for risky assets.
________________________________________
WEEKLY TECHNICAL ANALYSIS FOR 23 - 27. 01, 2012
EURUSD
The pair has broken Moving Average (500) and trying to reach support at 1.25667. If the pair stays above this level the pair will return to MA (500) and Fibonacci level 38% at 1.30624. If the pair declines below 1.25667 the pair will decline to the next Fibonacci level 50% at 1.21216.
Resistance: 1.28800, 1.33427, 1.37441
Support: 1.25667, 1.20280, 1.17063
GBPUSD
The pair may try to decline to Fibonacci 23% at 1.53340.
Resistance: 1.59962, 1.64274, 1.68504
Support: 1.52523, 1.48532, 1.43344
USDCHF
The pair has reached Moving Average (100) and may stay below this level 0.93264.
Resistance: 0.96597, 0.99031, 1.04060
Support: 0.93264, 0.91074, 0.88022
USDJPY
The pair has declined to support level at 76.535.
Resistance: 80.244, 83.330, 86.836
Support: 76.535, 73.126, 69,117
AUDUSD
The pair is trying to break upper level of the triangle and aiming to 1.05810.
Resistance: 1.05810, 1.07806, 1.09604
Support: 1.03847, 1.01873, 1.00031
TRADE FOREX FROM YOUR MOBILE DEVICE – USE OUR FREE IPHONE AND ANDROID APPS.
Did you know that you can trade with Forex Metal from your iPhone/iPad or Android device? Our free mobile apps are available to download at https://forex-metal.com/home/mobile_dealing
Use your usual account access details to trade from your device even if you are not home or at the office.
When you trade forex it is important to know the exact value of your trade up to a single pip. Our free iPhone/iPod app can help to calculate the value of 1 pip for each forex pair. To download the free app visit www.pipvaluecalculator.com or search Apple iTunes store for Pip Value Calculator.
________________________________________
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.
________________________________________