IN THIS ISSUE:
1. Weekly market review from Forex-Metal.
2. Weekly technical analysis
3. Free debit cards promotion is on again.
4. Get a 35% trading bonus when you open a new account.
5. Representatives Wanted!
________________________________________
WEEKLY REVIEW FOR 6 - 10.02, 2012
Euro: On Monday, the euro fell against almost all major currencies during the Asian session, on the eve of speech, of the Greek leaders, who had to report to international lenders about the progress made on economic reforms. The published report on manufacturing orders in Germany, the results of which in December were higher than forecasted, temporary supported the Euro currency and the EUR / USD couple strengthened to $1.3100 area. The additional pressure on the euro on Tuesday was provided by the report on industrial production in Germany, which in December recorded an increase by only 0.9% with forecasted 4.3%, therefore was much worse than expected. Though, the trading dynamics were suddenly changed and the euro currency boosted against all major currencies amid speculation about the possible agreements between the creditors and the Greek government. During Wednesday and Thursday the euro continued its uptrend supported by speeches of Prime Minister of Greece Lucas Papademos who was promising that an agreement regarding the international help can be reached even before Friday. The euro raised to a $1.3320 level, two -month highs against the U.S. dollar, but fell on Friday to $1.3160 area.
British Pound: One of the main themes for pound trading dynamics was the announcement of new round of asset purchase program for 50 billion pounds ($ 79 billion) that will be running by the Bank of England .The pound regained its previous losses and was driven by this news. The other main theme was also the decision on interest rate of England. The 0.50 % with 0.50% forecasted, this decision was announced during and meant that the Bank of England deceived to keep the rate unchanged. The GBP / USD pair rose during this week and reached the levels of $ 1.5920, its highest level since the beginning of this year. As expected, the Bank of England increased its bond purchase program by 50 billion pounds to the level of 325 billion pounds.
Australian dollar: The Australian dollar continued it’s up trade which was started on previous week, supported by the decision of the Reserve Bank of Australia not to lower the discount rate. The Central bank of Australia decided to keep the interest rate at 4.25% level. The Australian dollar rose against all 16 major currencies.
New Zealand dollar: The New Zealand dollar also continued to feel very confident. However, “kiwi” fell after the consumer price index in China in January rose by 4.5% compare with forecasted 4.0% and recorded increase by 4.1% in December.
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WEEKLY TECHNICAL ANALYSIS FOR 13 - 17. 02, 2012
EURUSD
The pair is trying to stay above Fibonacci 38% 1.30542 and aiming to 1.33427.
Resistance: 1.33427, 1.37441, 1.41130
Support: 1.28800, 1.25667, 1.20280
GBPUSD
The pair is aiming to the Moving Average (100) at 1.59962.
Resistance: 1.59962, 1.64274, 1.68504
Support: 1.52523, 1.48532, 1.43344
USDCHF
The pair has declined to 0.91074. If this level is broken the pair will decline to 0.88022.
Resistance: 0.93264, 0.96597, 0.99031
Support: 0.91074, 0.88022, 0.85633
USDJPY
The pair is aiming to support 76.535.
Resistance: 80.244, 83.330, 86.836
Support: 76.535, 73.126, 69,117
AUDUSD
The pair has broken Triangle, the end of the figure maybe expected at 1.10695.
Resistance: 1.07806, 1.09604, 1.11831
Support: 1.05810, 1.03847, 1.01873
________________________________________
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. Free debit cards promotion is on again.
4. Get a 35% trading bonus when you open a new account.
5. Representatives Wanted!
________________________________________
WEEKLY REVIEW FOR 6 - 10.02, 2012
Euro: On Monday, the euro fell against almost all major currencies during the Asian session, on the eve of speech, of the Greek leaders, who had to report to international lenders about the progress made on economic reforms. The published report on manufacturing orders in Germany, the results of which in December were higher than forecasted, temporary supported the Euro currency and the EUR / USD couple strengthened to $1.3100 area. The additional pressure on the euro on Tuesday was provided by the report on industrial production in Germany, which in December recorded an increase by only 0.9% with forecasted 4.3%, therefore was much worse than expected. Though, the trading dynamics were suddenly changed and the euro currency boosted against all major currencies amid speculation about the possible agreements between the creditors and the Greek government. During Wednesday and Thursday the euro continued its uptrend supported by speeches of Prime Minister of Greece Lucas Papademos who was promising that an agreement regarding the international help can be reached even before Friday. The euro raised to a $1.3320 level, two -month highs against the U.S. dollar, but fell on Friday to $1.3160 area.
British Pound: One of the main themes for pound trading dynamics was the announcement of new round of asset purchase program for 50 billion pounds ($ 79 billion) that will be running by the Bank of England .The pound regained its previous losses and was driven by this news. The other main theme was also the decision on interest rate of England. The 0.50 % with 0.50% forecasted, this decision was announced during and meant that the Bank of England deceived to keep the rate unchanged. The GBP / USD pair rose during this week and reached the levels of $ 1.5920, its highest level since the beginning of this year. As expected, the Bank of England increased its bond purchase program by 50 billion pounds to the level of 325 billion pounds.
Australian dollar: The Australian dollar continued it’s up trade which was started on previous week, supported by the decision of the Reserve Bank of Australia not to lower the discount rate. The Central bank of Australia decided to keep the interest rate at 4.25% level. The Australian dollar rose against all 16 major currencies.
New Zealand dollar: The New Zealand dollar also continued to feel very confident. However, “kiwi” fell after the consumer price index in China in January rose by 4.5% compare with forecasted 4.0% and recorded increase by 4.1% in December.
________________________________________
WEEKLY TECHNICAL ANALYSIS FOR 13 - 17. 02, 2012
EURUSD
The pair is trying to stay above Fibonacci 38% 1.30542 and aiming to 1.33427.
Resistance: 1.33427, 1.37441, 1.41130
Support: 1.28800, 1.25667, 1.20280
GBPUSD
The pair is aiming to the Moving Average (100) at 1.59962.
Resistance: 1.59962, 1.64274, 1.68504
Support: 1.52523, 1.48532, 1.43344
USDCHF
The pair has declined to 0.91074. If this level is broken the pair will decline to 0.88022.
Resistance: 0.93264, 0.96597, 0.99031
Support: 0.91074, 0.88022, 0.85633
USDJPY
The pair is aiming to support 76.535.
Resistance: 80.244, 83.330, 86.836
Support: 76.535, 73.126, 69,117
AUDUSD
The pair has broken Triangle, the end of the figure maybe expected at 1.10695.
Resistance: 1.07806, 1.09604, 1.11831
Support: 1.05810, 1.03847, 1.01873
________________________________________
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.
________________________________________