IN THIS ISSUE:
1. Weekly market review from Forex-Metal.
2. Weekly technical analysis.
3. New deposit option added – Giropay
4. Free debit cards promotion is on again.
5. Get a 30% trading bonus when you open a new account.
6. Representatives Wanted!
________________________________________
WEEKLY REVIEW FOR 13 -17. 06, 2011
Two new earth-quakes were recorded in New-Zealand on Monday last week, which reduced the New-Zealand dollar rate against the greenback.
Last week financial problems of Greece reinforced their pressure on the euro. The S&P credit agency decreased the rating of Greece again. But the euro managed to keep strength against the US dollar. Market participants were watching closely the discussion of the EU and the IMF regarding the bailout package for Greece.
The USD/JPY pair grew to the Y80.69 level on Monday as the Japanese yen weakened over the speculations that the bank of Japan would introduce new measures to stimulate the Japanese economy.
The released on Tuesday economic statistics in China demonstrated industrial production growth (actual value of 13.3% growth against the 13.1% forecasted), which pressured the demand for the low-risk currencies and the high-yielding assets increased. As a result the EUR/USD reached the $1.4470 maximums.
According to the forecasts, the Bank of Japan left the principal rate unchanged at the previous level of 0.10%.
Wednesday saw a negative rally of the euro as a result of the uncertain situation with Greece and reinforced concerns that Greece would eventually go into default. European leaders could not agree on any specific decision regarding Greek debt crises and concluded to meet again on June 19-th. EU Financial Ministers will try to form an agreement on the bailout terms for Greece. Consequently the US dollar showed considerable growth against all major currencies. The released on the same day negative US fundamentals did not stop the greenback positive rally. As a result, the EUR/USD closed the trading day at the minimums of $1,4150 and the GBP/USD dropped to $1,6200.
The Reserve Bank of Australia Governor, Glenn Stevens, mentioned in his speech on Wednesday that the interest rate would be increased by the RBA soon. Therefore, the Australian dollar rate strengthened on Wednesday and kept the positive dynamics throughout the day.
According to the released information on Thursday, the Swiss National bank left the principal rate unchanged at the previous level of 0.25%. As a result, the Swiss frank strengthened.
The euro continued to drop during the morning trading on Thursday and reached its three-week lows of 1.4090 as markets continued to be concerned over the debt issues in Greece. But the statement of the ECB representative, Mr. Reine, supported the euro. He mentioned, that once Greece would reduce its budget expenses, the IMF and EC would allocate financial support to Greece. The pound dropped during the morning trading as well to the $1.6140 range. The publication of the UK statistics reinforced the pressure on the sterling. Retail sales dropped for 1.6% against the expected 0.6%.
The release of the negative US fundamentals pressured the greenback on Thursday. In particular, the Philadelphia Federal index dropped to the -7.7 level, while the forecasted level was at the 7.0 mark.
The EUR/USD managed to close the trading week at the $1,4300 maximums after the fact that German Chancellor, Angela Merkel, agreed to search for compromises with the ECB regarding the Greek issue.
Happy trading!
________________________________________
WEEKLY REVIEW FOR 20 -24. 06, 2011
EURUSD
The pair is aiming to support level at 1.41130. Lower is a strong support at 1.37441.
Resistance: 1.44835, 1.47697, 1.50676
Support: 1.41130, 1.37441, 1.33427
GBPUSD
The pair is trading between Moving Averages (200) 1.65379 and Moving Average (100) 1.59962.
Resistance: 1.64274, 1.68504, 1.72652
Support: 1.59962, 1.52523, 1.48532
USDCHF
The pair has declined to 0.82723. The pair may roll back to channel line at 0.85633.
Resistance: 0.85633, 0.88022, 0.91074
Support: 0.82723, 0.79957, 0.76882
USDJPY
The pair declined to 80.244. If this level is broken the pair may decline to the next support level at 76.535 but before that the channel line should be broken at 78.689.
Resistance: 80.244, 83.330, 86.836
Support: 76.535, 73.126, 69.117
AUDUSD
The pair has broken 1.05810 and aiming to 1.03847.
Resistance: 1.05810, 1.07806, 1.09604
Support: 1.03847, 1.01873, 1.00031
________________________________________
NEW DEPOSIT OPTION ADDED - GIROPAY
Customers from Germany can now make local payments when adding funds to the trading accounts using the new convenient payment option - Giropay.
Giropay allows quick easy payments between accounts of hundreds of banks in Germany. If you are familiar with this option and can use it to make a payment from your bank account, then next time when you need to add funds into your Forex-Metal account simply choose Giropay in the payment options menu: https://forex-metal.com/fund_transactions/new
If you have any questions about this or any other deposit option, please do not hesitate to contact us at payments@forex-metal.com
________________________________________
GET A FREE ATM DEBIT CARD WITH EVERY NEW ACCOUNT
The debit cards promotion is on again! Open a new account today with a minimum balance of $500 to get a free debit card accepted in most ATMs around the world, with $100 cash on it! This is a limited time offer. For full conditions and to apply please click here:
https://forex-metal.com/home/cardspromotion.rhtml
________________________________________
GET A 30% TRADING BONUS WHEN YOU OPEN A NEW ACCOUNT
Cash bonus promotion - "You nominate the amount of the bonus". Get a cash bonus of up to $3000 when you deposit funds into your account for the first time. The full bonus conditions are available here: https://forex-metal.com/discount/discount06
If you have just opened a trading account with us and fund your trading account within a week from the time of this message, 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. New deposit option added – Giropay
4. Free debit cards promotion is on again.
5. Get a 30% trading bonus when you open a new account.
6. Representatives Wanted!
________________________________________
WEEKLY REVIEW FOR 13 -17. 06, 2011
Two new earth-quakes were recorded in New-Zealand on Monday last week, which reduced the New-Zealand dollar rate against the greenback.
Last week financial problems of Greece reinforced their pressure on the euro. The S&P credit agency decreased the rating of Greece again. But the euro managed to keep strength against the US dollar. Market participants were watching closely the discussion of the EU and the IMF regarding the bailout package for Greece.
The USD/JPY pair grew to the Y80.69 level on Monday as the Japanese yen weakened over the speculations that the bank of Japan would introduce new measures to stimulate the Japanese economy.
The released on Tuesday economic statistics in China demonstrated industrial production growth (actual value of 13.3% growth against the 13.1% forecasted), which pressured the demand for the low-risk currencies and the high-yielding assets increased. As a result the EUR/USD reached the $1.4470 maximums.
According to the forecasts, the Bank of Japan left the principal rate unchanged at the previous level of 0.10%.
Wednesday saw a negative rally of the euro as a result of the uncertain situation with Greece and reinforced concerns that Greece would eventually go into default. European leaders could not agree on any specific decision regarding Greek debt crises and concluded to meet again on June 19-th. EU Financial Ministers will try to form an agreement on the bailout terms for Greece. Consequently the US dollar showed considerable growth against all major currencies. The released on the same day negative US fundamentals did not stop the greenback positive rally. As a result, the EUR/USD closed the trading day at the minimums of $1,4150 and the GBP/USD dropped to $1,6200.
The Reserve Bank of Australia Governor, Glenn Stevens, mentioned in his speech on Wednesday that the interest rate would be increased by the RBA soon. Therefore, the Australian dollar rate strengthened on Wednesday and kept the positive dynamics throughout the day.
According to the released information on Thursday, the Swiss National bank left the principal rate unchanged at the previous level of 0.25%. As a result, the Swiss frank strengthened.
The euro continued to drop during the morning trading on Thursday and reached its three-week lows of 1.4090 as markets continued to be concerned over the debt issues in Greece. But the statement of the ECB representative, Mr. Reine, supported the euro. He mentioned, that once Greece would reduce its budget expenses, the IMF and EC would allocate financial support to Greece. The pound dropped during the morning trading as well to the $1.6140 range. The publication of the UK statistics reinforced the pressure on the sterling. Retail sales dropped for 1.6% against the expected 0.6%.
The release of the negative US fundamentals pressured the greenback on Thursday. In particular, the Philadelphia Federal index dropped to the -7.7 level, while the forecasted level was at the 7.0 mark.
The EUR/USD managed to close the trading week at the $1,4300 maximums after the fact that German Chancellor, Angela Merkel, agreed to search for compromises with the ECB regarding the Greek issue.
Happy trading!
________________________________________
WEEKLY REVIEW FOR 20 -24. 06, 2011
EURUSD
The pair is aiming to support level at 1.41130. Lower is a strong support at 1.37441.
Resistance: 1.44835, 1.47697, 1.50676
Support: 1.41130, 1.37441, 1.33427
GBPUSD
The pair is trading between Moving Averages (200) 1.65379 and Moving Average (100) 1.59962.
Resistance: 1.64274, 1.68504, 1.72652
Support: 1.59962, 1.52523, 1.48532
USDCHF
The pair has declined to 0.82723. The pair may roll back to channel line at 0.85633.
Resistance: 0.85633, 0.88022, 0.91074
Support: 0.82723, 0.79957, 0.76882
USDJPY
The pair declined to 80.244. If this level is broken the pair may decline to the next support level at 76.535 but before that the channel line should be broken at 78.689.
Resistance: 80.244, 83.330, 86.836
Support: 76.535, 73.126, 69.117
AUDUSD
The pair has broken 1.05810 and aiming to 1.03847.
Resistance: 1.05810, 1.07806, 1.09604
Support: 1.03847, 1.01873, 1.00031
________________________________________
NEW DEPOSIT OPTION ADDED - GIROPAY
Customers from Germany can now make local payments when adding funds to the trading accounts using the new convenient payment option - Giropay.
Giropay allows quick easy payments between accounts of hundreds of banks in Germany. If you are familiar with this option and can use it to make a payment from your bank account, then next time when you need to add funds into your Forex-Metal account simply choose Giropay in the payment options menu: https://forex-metal.com/fund_transactions/new
If you have any questions about this or any other deposit option, please do not hesitate to contact us at payments@forex-metal.com
________________________________________
GET A FREE ATM DEBIT CARD WITH EVERY NEW ACCOUNT
The debit cards promotion is on again! Open a new account today with a minimum balance of $500 to get a free debit card accepted in most ATMs around the world, with $100 cash on it! This is a limited time offer. For full conditions and to apply please click here:
https://forex-metal.com/home/cardspromotion.rhtml
________________________________________
GET A 30% TRADING BONUS WHEN YOU OPEN A NEW ACCOUNT
Cash bonus promotion - "You nominate the amount of the bonus". Get a cash bonus of up to $3000 when you deposit funds into your account for the first time. The full bonus conditions are available here: https://forex-metal.com/discount/discount06
If you have just opened a trading account with us and fund your trading account within a week from the time of this message, 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.
________________________________________