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Market trends 29.01.2013
Market Review 29.01.2013
Market Trends 28.01.2013
Market Review 28.01.2013
Market Trends 25.01.2013
Market Review 25.01.2013
Market Trends 24.01.2013
Market Review 24.01.2013
Market Trends 23.01.2013
Market Review 23.01.2013
Market Trends 21.01.2013

Market trends 29.01.2013

Posted: 29 Jan 2013 01:37 AM PST

Hey Everyone,

Below are some market trends for today.

Good luck!

-Dan

Gold- May see upward movement today
Support- 1651.45
Resistance- 1671.31

Silver- May see upward movement today
Support- 30.22
Resistance- 31.74

Crude Oil- May see downward movement today
Support- 95.85
Resistance-98.17

Dax 30- May see upward movement today
Support- 7744.91
Resistance- 7900.00

EUR/USD May see downward movement today
Support- 1.3355
Resistance- 1. 3478

Read more forex news on our forex blog

Market Review 29.01.2013

Posted: 29 Jan 2013 01:36 AM PST

An increase in Australian business confidence led to investor risk taking during overnight trading, which boosted higher-yielding assets. The AUD/USD gained close to 40 pips to reach as high as 1.0454, while the price of crude oil advanced close to $0.50 a barrel to trade as high as $96.93, a more than four-month high.

The USD/JPY gained more than 50 pips during the first part of the Asian session before peaking at 91.00, just below a recent 2 ½ year high. The pair saw a minor downward correction later in the night, and is currently trading at 90.65.

Main News for Today

US CB Consumer Confidence- 15:00 GMT
• Today's figure is forecasted to come in at 64.8, slightly below last month's 65.1
• A worse than expected figure may lead to risk aversion in the marketplace, which would boost safe-haven currencies like the USD and JPY

Read more forex news on our forex blog

Market Trends 28.01.2013

Posted: 28 Jan 2013 12:47 AM PST

Hey Everyone,

Below are some market trends for today.

Good luck!

-Dan

Gold- May see downward movement today
Support- 1642.42
Resistance- 1671.98

Silver- May see downward movement today
Support- 30.22
Resistance- 31.74

Crude Oil- May see downward movement today
Support- 94.93
Resistance-96.89

Dax 30- May see downward movement today
Support- 7744.91
Resistance- 7900.00

EUR/USD May see downward movement today
Support- 1.3358
Resistance- 1. 3478

Read more forex news on our forex blog

Market Review 28.01.2013

Posted: 28 Jan 2013 12:46 AM PST

The euro saw a minor downward correction against the US dollar during overnight trading, but remained within reach of its recent 11-month high of 1.3477. The euro's recent bullish run has been attributed to the strengthening European banking sector. Currently the EUR/USD is trading at 1.3445.

The USD/JPY also took slight losses during Asian trading, but remained close to a recent 2 ½ year high. Crude oil and gold prices have seen relatively little movement since markets opened for the week.

Main News for Today

US Core Durable Goods Orders- 13:30 GMT
• Forecasted to come in at 0.8%, well below last month's 1.6%
• Worse than expected data could lead to dollar losses during mid-day trading

US Pending Home Sales- 15:00 GMT
• Forecasted to come in at 0.5%, well below last month's 1.7%
• Worse than expected data could lead to dollar losses during afternoon trading

Read more forex news on our forex blog

Market Trends 25.01.2013

Posted: 25 Jan 2013 12:16 AM PST

Hey Everyone,

Below are some market trends for today.

Good luck!

-Dan

Gold- May see upward movement today
Support- 1663.24
Resistance- 1685.74

Silver- May see upward movement today
Support- 31.41
Resistance- 32.32

Crude Oil- May see upward movement today
Support- 95.14
Resistance-96.89

Dax 30- May see downward movement today
Support- 7660.02
Resistance- 7788.86

EUR/USD May see upward movement today
Support- 1.3303
Resistance- 1.3499

Read more forex news on our forex blog

Market Review 25.01.2013

Posted: 25 Jan 2013 12:14 AM PST

Renewed speculations that the Bank of Japan will initiate fresh monetary easing measures kept the USD/JPY well above the 90.00 level during Asian trading last night. The pair is currently trading at 90.48, just below a more than 2 ½ year high.

The EUR/USD spiked more than 50 pips during early morning trading today, ahead of news which is expected to show that business confidence in Germany has increased since last month. The pair is currently trading at 1.3415.

Both crude oil and gold saw moderate gains last night, amid signs of progress in the global economic recovery. Oil prices gained close to $0.40, while gold advanced more than $6 an ounce.

Main News for Today

German Ifo Business Climate- 09:00 GMT
• Analysts expect the indicator to come in at 103.1, which if true, would signal improvements in the German economy
• Better than expected data could give the euro a boost during mid-day trading

US New Home Sales- 15:00 GMT
• New home sales are forecasted to have slightly increased over last month
• A better than expected figure could boost the USD/JPY along with crude oil prices

Read more forex news on our forex blog

Market Trends 24.01.2013

Posted: 24 Jan 2013 01:11 AM PST

Hey Everyone,

Below are some market trends for today.

Good luck!

-Dan

Gold- May see downward movement today
Support- 1666.47
Resistance- 1693.29

Silver- May see downward movement today
Support- 30.97
Resistance- 32.44

Crude Oil- May see upward movement today
Support- 94.33
Resistance-96.73

Dax 30- May see downward movement today
Support- 7604.25
Resistance- 7749.47

EUR/USD May see upward movement today
Support- 1.3186
Resistance- 1. 3370

Read more forex news on our forex blog

Market Review 24.01.2013

Posted: 24 Jan 2013 01:10 AM PST

The Australian dollar saw significant gains against the JPY last night, following the release of positive Chinese manufacturing data which boosted investor confidence in the global economic recovery. The AUD/JPY advanced close to 100 pips following the news, eventually reaching as high as 94.02.

The Chinese news also helped the EUR/USD gain more than 40 pips. The pair, which peaked at 1.3346, saw a slight downward correction during the early morning session and is currently trading at 1.3325.

Signs of progress in negotiations between US lawmakers to increase the federal government's borrowing limit caused gold prices to continue falling last night. The precious metal lost more than $8 an ounce during the Asian session, and is currently trading at $1680.

Main News for Today

German Flash Manufacturing PMI- 08:30 GMT
• Forecasted to come in slightly higher than last month
• If the indicator comes in above the expected 47.1, the euro could see upward movement during mid-day trading

US Unemployment Claims- 13:00 GMT
• Forecasted to come in slightly higher than last week's, which if true, would be a sign that the employment situation in the US is getting worse
• If the indicator comes in above the forecasted 359K, the dollar could take losses during afternoon trading

US Crude Oil Inventories- 16:00 GMT
• Forecasted to come in significantly higher than last week's result, which if true, would be a sign of decreased demand in the US and may cause oil prices to turn bearish

Read more forex news on our forex blog

Market Trends 23.01.2013

Posted: 23 Jan 2013 12:55 AM PST

Hey Everyone,

Below are some market trends for today.

Good luck!

-Dan

Gold- May see upward movement today
Support- 1683.01
Resistance- 1702.91

Silver- May see upward movement today
Support- 31.79
Resistance- 32.51

Crude Oil- May see downward movement today
Support- 95.44
Resistance-97.25

Dax 30- May see downward movement today
Support- 7635.00
Resistance- 7758.94

EUR/USD May see upward movement today
Support- 1.3186
Resistance- 1. 3396

Read more forex news on our forex blog

Market Review 23.01.2013

Posted: 23 Jan 2013 12:54 AM PST

The yen extended its bullish run against both the US dollar and euro last night, following the Bank of Japan's decision earlier in the week to initiate weaker than expected monetary easing steps. The USD/JPY fell 60 pips during the Asian session, while the EUR/JPY lost 94 pips.

Meanwhile, a worse than expected Australian CPI figure resulted in the AUD/USD falling close to 40 pips. The pair, which traded as low as 1.0526, has since staged an upward recovery and is currently stable at 1.0550.

Main News for Today

UK Claimant Count Change- 09:30 GMT

• The British unemployment figure is forecasted to come in at 0.4K, significantly higher than last month's
• If today's news comes in at or above the expected level, risk aversion could drive higher-yielding currencies, like the GBP, EUR and AUD, lower during mid-day trading

Read more forex news on our forex blog