Thursday, December 27, 2012

FOREXYARD: Forex News Blog

FOREXYARD: Forex News Blog

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Market Trends 24.12.12

Posted: 24 Dec 2012 02:47 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- 1645.40
Resistance- 1675.97

Silver- May see downward movement today
Support- 29.70
Resistance- 30.96

Crude Oil- May see upward movement today
Support- 87.42
Resistance-89.42

Dax 30- May see upward movement today
Support- 7584.30
Resistance- 7700.00

EUR/USD May see upward movement today
Support- 1.3164
Resistance- 1. 3299

Read more forex news on our forex blog

Market Review 24.12.12

Posted: 24 Dec 2012 02:44 AM PST

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The yen came within reach of a 20-month low against the US dollar in overnight trading, amid increased pressure on the Bank of Japan to adopt a more aggressive monetary easing policy.

The euro was able to recover some of its recent losses against the USD last night, and is once again trading above the 1.3200 level.

Both gold and silver also saw upward movement during Asian trading, while crude oil prices were largely flat to start off the week.

Main News for Today

With many markets already closed for the Christmas holiday, traders can anticipate low volatility in the marketplace, which could lead to seemingly random price shifts for little or no reason.

Read more forex news on our forex blog

1 comment:

  1. The Sensex was down 222.14 points at 38164.61, while Nifty was down 64.10 points at 11456.90.
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