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Tuesday, November 27, 2012

FOREXYARD: Forex News Blog

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Market Trends 23.11.12

Posted: 23 Nov 2012 01:21 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- 1745.99
Resistance- 1711.11

Silver- May see upward movement today
Support- 34.06
Resistance- 33.88

Crude Oil- May see upward movement today
Support- 85.84
Resistance- 88.53

Dax 30- May see downward movement today
Support- 7126.68
Resistance- 7363.74

EUR/USD May see upward movement today
Support- 1.3002
Resistance- 1.2762

Market Review 23.11.12

Posted: 23 Nov 2012 01:15 AM PST

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The euro extended its bullish trend during the overnight session, as hopes that a deal can be reached to provide Greece with a new round of bailout funds can be reached next week boosted riskier assets. The EUR/USD advanced close to 30 pips last night, eventually trading above the 1.2900 level.

The US dollar saw minor downward movement last night against the Japanese yen, but analysts were quick to warn that rumors of additional monetary easing next month in Japan could turn the greenback bullish in the coming days. The USD/JPY is currently trading at 82.18, down slightly more than 20 pips from the beginning of Asian trading.

Main News for Today

German Ifo Business Climate- 09:00 GMT
• The indicator is forecasted to come in at 99.6, slightly lower than last month's 100.0
• Any worse than expected news may cause the euro to give up some of its recent gains

Saturday, November 24, 2012

FOREXYARD: Forex News Blog

Market Trends 22.11.12

Posted: 22 Nov 2012 02:04 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- 1721.93
Resistance- 1737.29

Silver- May see downward movement today
Support- 32.88
Resistance- 34.05

Crude Oil- May see downward movement today
Support- 86.46
Resistance- 88.40

Dax 30- May see upward movement today
Support- 7127.23
Resistance- 7368.00

EUR/USD May see downward movement today
Support- 1.2750
Resistance- 1.2945

Read more forex news on our forex blog

Market Review 22.11.12

Posted: 22 Nov 2012 02:02 AM PST

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The Japanese yen took additional losses against both the euro and US dollar in overnight trading, as speculations that the Bank of Japan will initiate a new round of monetary easing next month continued to weigh down on the currency.

The price of crude oil saw little movement last night, as a cease fire agreement between Israel and Hamas resulted in investor supply side fears decreasing. The commodity spent most of the night trading around $87.50 a barrel.

Today, traders will want to note that US markets will be closed in observance of the Thanksgiving holiday.

Main News for Today

Spanish 10-Year Bond Auction
• The euro could turn bearish if today's bond auction shows that Spanish borrowing costs have gone up