FOREXYARD: Forex News Blog

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Market Trends 14.01.2013 Posted: 14 Jan 2013 02:22 AM PST Hey Everyone, Below are some market trends for today. Good luck! -Dan Gold- May see downward movement today Support- 1654.60 Resistance- 1677.88 Silver- May see downward movement today Support- 30.15 Resistance- 31.17 Crude Oil- May see downward movement today Support- 92.62 Resistance-94.66 Dax 30- May see downward movement today Support- 7623.71 Resistance- 7802.00 EUR/USD May see downward movement today Support- 1.3247 Resistance- 1.3402 Read more forex news on our forex blog

Market Review 14.01.2013 Posted: 14 Jan 2013 02:20 AM PST The USD/JPY shot up to a fresh 2 ½ year high when markets opened for the week last night, as ongoing speculations that the Bank of Japan will initiate new monetary easing measure continued to weigh down on the yen. After reaching as high as 89.66, the pair took moderate losses and is currently trading at 89.35. The EUR/USD reached its highest level in almost 11-months last night, as positive growth forecasts for the euro-zone encouraged investors to shift their funds to higher-yielding assets. The news also boosted crude oil prices, which were trading as high as $94.26 a barrel during Asian trading, before a downward correction this morning. The commodity is currently trading at $93.90. Main News for Today US Fed Chairman Bernanke Speaks- 21:00 GMT • The dollar may be able to recoup some of its recent losses against higher-yielding currencies, like the euro and Swiss franc, if the Fed Chairman voices optimism with regards to the US economic recovery Read more forex news on our forex blog

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