IN THIS ISSUE:
1. Weekly market review from Forex-Metal.
2. Weekly technical analysis.
3. Download a free Pip Value calculator for iPhone.
4. Get a 30% trading bonus when you open a new account.
5. Representatives Wanted!
________________________________________
WEEKLY REVIEW FOR 8 - 12. 08, 2011
Previous trading week showed very volatile dynamics. The announcements that the international rating agency Standard & Poor's downgraded the credit rating of the United States on Friday and that the S & P agency maintained a "negative" outlook for the U.S. economy and forecasted that the rating could be downgraded to AA from AA + had a very strong influence on the markets on Monday. As a result, the greenback retreated to a record-breaking lows against the franc and reduced against the yen.
The yen was rising against the other currencies on the background of falling stock markets in Asia. The USD/JPY pair was trading in the range of Y77.70 – Y77.90.
The dollar declined against the euro on Tuesday amid speculations that the FRS would report its plans for a new round of quantitative easing. As a save-heaven currency, the yen rose against the major currencies on concerns about the slowing economic growth in the U.S. and on the EU debt crisis. The USD/JPY showed minimums around the Y77.00 level.
Dollar managed to show some strengthening on Wednesday after the results of the FOMC meeting, where the interest rates were left unchanged at the 0% - 0.25% range. The EUR/USD pair decreased to $1.4350 mark. Later on the EUR/USD dropped to minimums of $1.4200. Sterling followed the euro and the GBP/USD pair dropped to $1.6230. The head of the Bank of England, Mervin King, mentioned that the UK economic weakness would continue to be for a long period of time. The pound almost hit minimums of $1.6100.
The dollar retreated against major currencies amid growing futures on major US stock indices on Thursday. Risk appetites dropped.
Concerns about the fact that the Swiss National Bank would "substantially increase" liquidity reserves and increase deposits in order to prevent the national currency’s growth, caused increased pressure on the Swiss franc during both Asian and European sessions.
After the publication of the unemployment rate report in Australia, which showed increase to the level of 5.1% in July versus the June level and expectations for 4.9%, the Australian Dollar fell against the US Dollar and the New Zealand dollar.
At the end of the week investors’ willingness to take risks grew, and the EUR/USD pair stabilized at the $1.42 level. The GBP/USD almost reached the $1.6300 maximums.
Happy trading!
________________________________________
WEEKLY REVIEW FOR 15 -19. 08, 2011
EURUSD
The pair couldn’t stay above 1.44835 and declining to the channel line at 1.41130. If this level is broken the pair will decline to Moving Averages (100 and 200) at 1.37441.
Resistance: 1.44835, 1.47697, 1.50676
Support: 1.41130, 1.37441, 1.33427
GBPUSD
The pair has tested Moving Average (200) and rolling back to 1.61154.
Resistance: 1.64274, 1.68504, 1.72652
Support: 1.59962, 1.52523, 1.48532
USDCHF
The pair has declined to channel line and rolled back to 0.79957.
Resistance: 0.79957, 0.82723, 0.85633
Support: 0.76882, 0.73183, 0.69837
USDJPY
The pair has declined to channel line and rolled back to 0.79957.
Resistance: 0.79957, 0.82723, 0.85633
Support: 0.76882, 0.73183, 0.69837
AUDUSD
If the pair breaks support 1.03847 the pair will decline to 1.01873.
Resistance: 1.05810, 1.07806, 1.09604
Support: 1.03847, 1.01873, 1.00031
________________________________________
DOWNLOAD A FREE PIP VALUE CALCULATOR FOR IPHONE
Pip Value Calculator
This free application allows traders to calculate the value of one pip for most currency pairs.
A very important practical tool for all traders.
No matter how big or small the trade is the Forex Pip Value Calculator will tell you the precise value of one pip in USD. Simply click on the link below to download the free app.
Download at www.pipvaluecalculator.com or look up at Apple iTunes store.
________________________________________
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/discount08
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. Download a free Pip Value calculator for iPhone.
4. Get a 30% trading bonus when you open a new account.
5. Representatives Wanted!
________________________________________
WEEKLY REVIEW FOR 8 - 12. 08, 2011
Previous trading week showed very volatile dynamics. The announcements that the international rating agency Standard & Poor's downgraded the credit rating of the United States on Friday and that the S & P agency maintained a "negative" outlook for the U.S. economy and forecasted that the rating could be downgraded to AA from AA + had a very strong influence on the markets on Monday. As a result, the greenback retreated to a record-breaking lows against the franc and reduced against the yen.
The yen was rising against the other currencies on the background of falling stock markets in Asia. The USD/JPY pair was trading in the range of Y77.70 – Y77.90.
The dollar declined against the euro on Tuesday amid speculations that the FRS would report its plans for a new round of quantitative easing. As a save-heaven currency, the yen rose against the major currencies on concerns about the slowing economic growth in the U.S. and on the EU debt crisis. The USD/JPY showed minimums around the Y77.00 level.
Dollar managed to show some strengthening on Wednesday after the results of the FOMC meeting, where the interest rates were left unchanged at the 0% - 0.25% range. The EUR/USD pair decreased to $1.4350 mark. Later on the EUR/USD dropped to minimums of $1.4200. Sterling followed the euro and the GBP/USD pair dropped to $1.6230. The head of the Bank of England, Mervin King, mentioned that the UK economic weakness would continue to be for a long period of time. The pound almost hit minimums of $1.6100.
The dollar retreated against major currencies amid growing futures on major US stock indices on Thursday. Risk appetites dropped.
Concerns about the fact that the Swiss National Bank would "substantially increase" liquidity reserves and increase deposits in order to prevent the national currency’s growth, caused increased pressure on the Swiss franc during both Asian and European sessions.
After the publication of the unemployment rate report in Australia, which showed increase to the level of 5.1% in July versus the June level and expectations for 4.9%, the Australian Dollar fell against the US Dollar and the New Zealand dollar.
At the end of the week investors’ willingness to take risks grew, and the EUR/USD pair stabilized at the $1.42 level. The GBP/USD almost reached the $1.6300 maximums.
Happy trading!
________________________________________
WEEKLY REVIEW FOR 15 -19. 08, 2011
EURUSD
The pair couldn’t stay above 1.44835 and declining to the channel line at 1.41130. If this level is broken the pair will decline to Moving Averages (100 and 200) at 1.37441.
Resistance: 1.44835, 1.47697, 1.50676
Support: 1.41130, 1.37441, 1.33427
GBPUSD
The pair has tested Moving Average (200) and rolling back to 1.61154.
Resistance: 1.64274, 1.68504, 1.72652
Support: 1.59962, 1.52523, 1.48532
USDCHF
The pair has declined to channel line and rolled back to 0.79957.
Resistance: 0.79957, 0.82723, 0.85633
Support: 0.76882, 0.73183, 0.69837
USDJPY
The pair has declined to channel line and rolled back to 0.79957.
Resistance: 0.79957, 0.82723, 0.85633
Support: 0.76882, 0.73183, 0.69837
AUDUSD
If the pair breaks support 1.03847 the pair will decline to 1.01873.
Resistance: 1.05810, 1.07806, 1.09604
Support: 1.03847, 1.01873, 1.00031
________________________________________
DOWNLOAD A FREE PIP VALUE CALCULATOR FOR IPHONE
Pip Value Calculator
This free application allows traders to calculate the value of one pip for most currency pairs.
A very important practical tool for all traders.
No matter how big or small the trade is the Forex Pip Value Calculator will tell you the precise value of one pip in USD. Simply click on the link below to download the free app.
Download at www.pipvaluecalculator.com or look up at Apple iTunes store.
________________________________________
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/discount08
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.
________________________________________