Tuesday, December 18, 2012

FOREXYARD: Forex News Blog

FOREXYARD: Forex News Blog

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Market Trends 14.12.12

Posted: 14 Dec 2012 01:58 AM PST

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Hey Everyone,

Below are some market trends for today.

Good luck!

-Dan

Gold- May see downward movement today
Support- 1686.21
Resistance- 1714.31

Silver- May see downward movement today
Support- 32.15
Resistance- 32.99

Crude Oil- May see downward movement today
Support- 86.01
Resistance-87.32

Dax 30- May see upward movement today
Support- 7534.29
Resistance- 7630.56

EUR/USD May see upward movement today
Support- 1.2989
Resistance- 1.3147

Read more forex news on our forex blog

Market Review 14.12.12

Posted: 14 Dec 2012 01:57 AM PST

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After hitting a nine-month high at 83.90 during the beginning of Asian trading, the USD/JPY saw a minor downward correction and is currently trading around the 83.75 level. The pair's recent bullish movement has largely been due to speculations that the Bank of Japan will initiate a new round of monetary easing in the near future.

A worse than expected German Flash Manufacturing PMI earlier today caused the EUR/USD to give up most of its gains from the overnight session. The pair fell close to 30 pips following the release of the indicator and is currently trading at 1.3080.

Main News for Today

US Core CPI- 13:30 GMT
• Analysts are forecasting the indicator to come in at 0.2%
• A better than expected result today could help the dollar extend its gains vs. the yen and may also boost crude oil prices

Read more forex news on our forex blog

1 comment:

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