Wednesday, January 23, 2013

FOREXYARD: Forex News Blog

FOREXYARD: Forex News Blog

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Market Trends 21.01.2013

Posted: 21 Jan 2013 02:15 AM PST

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Hey Everyone,

Below are some market trends for today.

Good luck!

-Dan

Gold- May see upward movement today
Support- 1673.18
Resistance- 1702.91

Silver- May see upward movement today
Support- 31.00
Resistance- 32.51

Crude Oil- May see upward movement today
Support- 94.89
Resistance-96.01

Dax 30- May see downward movement today
Support- 7645.25
Resistance- 7788.24

EUR/USD May see upward movement today
Support- 1.3255
Resistance- 1.3397

Read more forex news on our forex blog

Market Review 21.01.2013

Posted: 21 Jan 2013 01:38 AM PST

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The USD/JPY hit a fresh 2 ½ year high when markets opened for the week last night, as investors eagerly await tomorrow's Bank of Japan decision on additional steps to increase inflation. The pair traded as high as 90.24 before dropping to its current level of 89.60.

Most other major currency pairs and commodities saw relatively little movement during the Asian session. The EUR/USD gained some 15 pips, while gold prices increased by around $6 an ounce. Meanwhile, crude oil spent most of the night within reach of last week's four-month high of $96.01 a barrel. The commodity is currently trading at $95.55.

Main News for Today

Today, with US markets closed for a bank holiday, no major economic indicators are scheduled to be released. Traders will want to continue monitoring developments in the euro-zone, as they still have the potential to affect investor risk appetite.

Read more forex news on our forex blog

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