The Euro rallied on rumors and positive statistics.
Asian and European trading sessions:
Euro: During the Asian session the euro continued it’s started yesterday downtrend. The EUR / USD the declined to $1.3027, its today’s low. The market participants were expected a negative result of today's auction of Portugal government bonds. The European session started with a big rally of the euro. The currency ran during all session against almost all its main competitors after published report on the index of business activity in the manufacturing sectors of France, Germany and the EU, which was better than expected. Also support the euro currency had a rumour that the Greek authorities reached an agreement with private creditors. The EUR / USD par almost took back all its yesterday’s losses setting its daily high at $1.32159 level.
British Pound: The GBP / USD continued to accumulate long positions and as the result rose to new highs showing the maximum of the day at $ 1.5880 area.
Japanese Yen: The USD/JPY traded in a range of Y76.01 to Y76.24 during both sessions.
Australian dollar: The Australian dollar was supported by the positive background provided by the report, which recorded a growth of PMI Manufacturing in China.
American trading session:
US Dollar: The American trading session saw the falling of the U.S dollar against 14 of the 16 most traded currencies. The demand for safe assets decreased after report of PMI Manufacturing in China and positive report of ISM Prices in United States
Oil: Today, WTI, the Crude oil futures fell by 0.83 dollars to 97.33 dollars per barrel.
Gold: Gold prices grew for a second day due to the falling of the U.S. dollar. During January this precious metal showed the maximum increase rising by 11 percent. The demand for Gold was due to weak dollar, as well as due to purchases of it by central banks, investors and consumers. Cost of February gold futures rose to 1751.5 dollars per ounce today.
https://forex-metal.com/news_posts
Technical analysis for 02/02
EURUSD
The pair has risen to 1.31674.
Resistance: 1.31674, 1.33143, 1.34882
Support: 1.30277, 1.28630, 1.25690
GBPUSD
The pair has MACD convergence that may support pair to start upwards corrections. The pair has risen to 1.58543.
Resistance: 1.58543, 1.60322, 1.62050
Support: 1.56722, 1.54842, 1.53482
USDCHF
The pair has found support at 0.91079 and may roll back to Moving Average (500) at 0.93069.
Resistance: 0.93069, 0.93949, 0.95074
Support: 0.92026, 0.91079, 0.89635
USDJPY
The pair has broken support 76.463 and aiming to 75.425.
Resistance: 76.463, 77.539, 78.345
Support: 75.425, 74.414, 73.573
AUDUSD
The pair has broken triangle and aiming to 1.07739.
Resistance: 1.07739, 1.08413, 1.09112
Support: 1.07005, 1.06164, 1.05332
https://forex-metal.com/news_posts
Asian and European trading sessions:
Euro: During the Asian session the euro continued it’s started yesterday downtrend. The EUR / USD the declined to $1.3027, its today’s low. The market participants were expected a negative result of today's auction of Portugal government bonds. The European session started with a big rally of the euro. The currency ran during all session against almost all its main competitors after published report on the index of business activity in the manufacturing sectors of France, Germany and the EU, which was better than expected. Also support the euro currency had a rumour that the Greek authorities reached an agreement with private creditors. The EUR / USD par almost took back all its yesterday’s losses setting its daily high at $1.32159 level.
British Pound: The GBP / USD continued to accumulate long positions and as the result rose to new highs showing the maximum of the day at $ 1.5880 area.
Japanese Yen: The USD/JPY traded in a range of Y76.01 to Y76.24 during both sessions.
Australian dollar: The Australian dollar was supported by the positive background provided by the report, which recorded a growth of PMI Manufacturing in China.
American trading session:
US Dollar: The American trading session saw the falling of the U.S dollar against 14 of the 16 most traded currencies. The demand for safe assets decreased after report of PMI Manufacturing in China and positive report of ISM Prices in United States
Oil: Today, WTI, the Crude oil futures fell by 0.83 dollars to 97.33 dollars per barrel.
Gold: Gold prices grew for a second day due to the falling of the U.S. dollar. During January this precious metal showed the maximum increase rising by 11 percent. The demand for Gold was due to weak dollar, as well as due to purchases of it by central banks, investors and consumers. Cost of February gold futures rose to 1751.5 dollars per ounce today.
https://forex-metal.com/news_posts
Technical analysis for 02/02
EURUSD
The pair has risen to 1.31674.
Resistance: 1.31674, 1.33143, 1.34882
Support: 1.30277, 1.28630, 1.25690
GBPUSD
The pair has MACD convergence that may support pair to start upwards corrections. The pair has risen to 1.58543.
Resistance: 1.58543, 1.60322, 1.62050
Support: 1.56722, 1.54842, 1.53482
USDCHF
The pair has found support at 0.91079 and may roll back to Moving Average (500) at 0.93069.
Resistance: 0.93069, 0.93949, 0.95074
Support: 0.92026, 0.91079, 0.89635
USDJPY
The pair has broken support 76.463 and aiming to 75.425.
Resistance: 76.463, 77.539, 78.345
Support: 75.425, 74.414, 73.573
AUDUSD
The pair has broken triangle and aiming to 1.07739.
Resistance: 1.07739, 1.08413, 1.09112
Support: 1.07005, 1.06164, 1.05332
https://forex-metal.com/news_posts