FOREXYARD: Forex News Blog

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Market Trends 19.12.12 Posted: 19 Dec 2012 02:21 AM PST Hey Everyone, Below are some market trends for today. Good luck! -Dan Gold- May see downward movement today Support- 1660.89 Resistance- 1692.99 Silver- May see downward movement today Support- 31.32 Resistance- 32.25 Crude Oil- May see downward movement today Support- 87.81 Resistance-89.56 Dax 30- May see downward movement today Support- 7582.96 Resistance- 7700.00 EUR/USD May see upward movement today Support- 1.33373 Resistance- 1.3177 Read more forex news on our forex blog

Market Review 19.12.12 Posted: 19 Dec 2012 01:22 AM PST The Japanese yen fell to a 16-month low against the euro and a fresh 20-month low against the US dollar during the overnight session, amid continued speculations that the Bank of Japan will soon initiate an aggressive monetary easing policy. After falling close to $30 an ounce during afternoon trading yesterday amid signs of progress in US budget talks, gold was able to stage a modest upward recovery last night. The precious metal is currently trading at $1673. Positive developments in the US budget talks also helped the euro stay within reach of a recent 7 ½ month high during overnight trading. The EUR/USD is currently trading at 1.3235. Main News for Today German Ifo Business Climate- 09:00 GMT • The business climate figure is forecasted to come in slightly higher than last month's • A better than expected figure could help the euro extend its current bullish trend US Building Permits- 13:30 GMT • Expected to come in at 0.88M, slightly higher than last month's 0.87M • Better than expected news could help the dollar recoup some of its recent losses during afternoon trading Read more forex news on our forex blog

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