Archive for November 2011
Expectations for the meeting of the EC Ministers of Finances pushed euro up.
Asian and European trading sessions:
Euro: Euro demonstrated growth today due to the expectations for the meeting of the EC Ministers of Finances. Investors were looking forward to the set up plan for the expansion of the EFSF opportunities.
The Italian Government bond auction, which showed positive results, supported the euro as well.
US Dollar: According to the released information, the Consumer confidence index in November showed a sharp increase to 56 points.
The Fitch Ratings reduced its US debt rating to a negative level, which pressured the American dollar.
British Pound: British Pound showed its big move during the European trading session rising to $1.5655 from $1.5495.
Japanese Yen: At the same time the Japanese yen started to lose its previously won positions. The unemployment rate in Japan for October increased for 4.5%. As a result, the USD/JPY pair set its daily lows at Y77.6.
Australian and New-Zealand Dollars: The Australian and New-Zealand dollars rates’ grew as the optimism for the development of the tax-budget solution for the debt crises in the region reinforced.
Demand for the high-yielding assets increased.
American trading session:
The euro dropped by the end of the trading day.
Oil: Oil rate increased to $99,79 per barrel.
Gold: Gold traded in the range of $1704 – $1718 per ounce.
Technical analysis for 30/11
EURUSD
The pair has broken support and declined to the next support level at 1.33143. If the pair stays above this level the pair will rise to 1.34882.
Resistance: 1.34882, 1.35984, 1.37486
Support: 1.33143, 1.31674, 1.30277
GBPUSD
The pair has nearly tested 1.56722. The pair may try to test this level again.
Resistance: 1.56722, 1.58543, 1.60322
Support: 1.54842, 1.53482, 1.52063
USDCHF
The pair has declined to 0.92026 and trying to break it. This may bring pair to test 0.91079.
Resistance: 0.93069, 0.93949, 0.95074
Support: 0.92026, 0.91079, 0.89635
USDJPY
The pair is trying to rise to the Moving Average (200) at 78.661.
Resistance: 78.345, 79.070, 79.707
Support: 77.539, 76.463, 75.425
AUDUSD
The pair is aiming to the Moving Average (100) at 1.01744 and Moving Average (200) at 1.02558.
Resistance: 1.00907, 1.01744, 1.02558
Support: 1.00067, 0.99207, 0.98436
http://ping.fm/KxAdN
Today the demand for the Government bonds of European countries showed a significant increase.
Asian and European trading sessions:
Euro: After the TV news on France24 channel, the Euro strengthened against its competitors during the Asian. The EUR/USD pair jumped to $1.3292 level and then went to its daily high of 1.3396 during the European trading session. The news contained the information about the emergency credit to Italy that was offered by International Monetary Fund (IMF). The credit, whose size can range from 400 to 600 billion Euro might be given with the discounted interest rate on it – from 4% to 5 %. However, when this information was denied by official from the IMF the euro gave up its earlier positions.
Today the attention of market participants was also focused on the yield’s dynamics of the European countries bonds during the auctions that were held in Italy, Belgium and France.
Japanese Yen: The Yen showed today an increase and rose to Y78.23 from Y77.56 to US Dollar during both trading sessions.
Oil: WTI also gapped today, like the Euro currency, and grew to its daily high of 100.71 area at the beginning of the Asian session. Its daily close hit $97.76 mark.
Gold: With the decreasing of the demand for US Dollar today the Gold prices closed today at 1711.25 level.
New Zealand dollar: The New Zealand dollar rose versus 16 major currencies after Prime Minister John Key was re-elected for another term.
American trading session:
British Pound: After the release of unfavorable report of Retail Sales Index of the Confederation of British Industry in November recorded -19 versus forecasted -12 the British pound fell against major traded currencies.
https://forex-metal.com/news_posts
Technical analysis for 29/11
EURUSD
The pair has broken support and declined to the next support level at 1.33143. If the pair stays above this level the pair will rise to 1.34882.
Resistance: 1.34882, 1.35984, 1.37486
Support: 1.33143, 1.31674, 1.30277
GBPUSD
The pair has declined to 1.54842. If the pair stays above this level the pair will rise to 1.56722.
Resistance: 1.56722, 1.58543, 1.60322
Support: 1.54842, 1.53482, 1.52063
USDCHF
The pair has risen to the Moving Average (500) at 0.93069 and rolling back to 0.92026.
Resistance: 0.93069, 0.93949, 0.95074
Support: 0.92026, 0.91079, 0.89635
USDJPY
The pair is trying to rise to the Moving Average (200) at 78.661.
Resistance: 78.345, 79.070, 79.707
Support: 77.539, 76.463, 75.425
AUDUSD
The pair has found resistance at 0.99207 and may roll back to 0.98436.
Resistance: 0.99207, 1.00067, 1.00907
Support: 0.98436, 0.97423, 0.96579
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