Forex Metal Reliable Online Broker!

[Siempre]

Thanks for update, i like your broker

[Forex-Metal]

In this issue:

1. Weekly market review.
2. Weekly technical analysis
3. The "Jingle Bells" trading championship starts 22nd November 2010.
4. Representatives Wanted!
5. Economic Calendar, Pip value calculator and other useful links.


1. Weekly review for 25 – 29. 10, 2010

The greenback demonstrated diverse trading activity this week. On Monday the EUR/USD pair grew and reached the $1,4000 level. The released Euro-zone industrial new orders showed considerable increase over the predicted data. The stock markets growth also supported the euro. The US dollar was decreasing against the major currencies, due to the expectations for the results of the G20 Meeting which took place in South Korea this weekend. According to the released information it has been decided not to continue devaluation of the national currencies. As a result, the speculations regarding the quantitative easing reinforced. The demand for the high-yielding assets increased, and the greenback rate dropped.
On the same day the yen reached its 15-year maximum against the American dollar, as a result of the G20 Meeting. The USD/JPY rate reached the level of Y80,65.
By the end of the day the US existing home sales data showed unexpected growth above the forecasts (10.0% against expected 4.1%). This released statistics rendered temporary support to the greenback.
On Tuesday the greenback showed stabilization against the euro. The speculations, that the actions of the FRS could be effective, reinforced. Tuesday was also notable for the movement of the sterling. The sterling showed some stabilization as the expectations for the positive release of the UK economic docket influenced the market. The UK Gross domestic product for the third quarter was predicted to increase for 0.4%. The GBP/USD pair grew to the $1,5790 level. After the release of the report, which showed that the GDP doubled the forecast and grew for 0.8%, the sterling continued to increase against the greenback. According to the expectations, the Bank of England would expand its quantitative easing policy. The sterling was also supported by the S & P credit agency, since the “AAA” rating was confirmed for the UK and the forecast has been changed to stable. The pound increased against all its competitors as well.
The following positive US fundamentals were released later during the day: The consumer confidence for October increased to 50.2 against its forecast of 49.5. The house price index grew for 0.4% against the forecasted drop for 0.2%. In addition, the Richmond Fed manufacturing index grew to the level of 5, while the forecast was at the level of only 1. The greenback grew against the euro, due to the increased inflation expectations.
Speculations regarding the positive impact from the US quantitative easing policy rendered support to the greenback on Wednesday, which reached its weekly maximums against the euro and the yen. The release of the positive US fundamentals resulted in the stabilization of the US dollar. The Durable goods orders for September grew for 3.3% against the forecast of only 2.0% growth. The Durable goods orders report reflects the positive mood of the national economy. At the same time concerns that the Federal Reserve’s quantitative easing program in November would not be as large as markets expected, reinforced.
The EUR/USD pair dropped below the $1.3800 mark, but managed to reach its maximums at $1.3850. Greece informed of the insufficient tax levy, which pressured the euro. At the same time Portugal released its 2011 budget report failure. The problems of the European countries’ budgets were not over yet, and continued to pressure the market.
The released on Wednesday Consumer price index for the 3-d quarter showed increase only for 0.7% against the forecasted growth for 0.8%. As a result, the probability, that the RBA would increase the interest rate, dropped. Therefore, the Australian dollar rate decreased against the spectrum of the major currencies.
According to the expectations, the Reserve Bank of New-Zealand left the principal rate unchanged at the previous level of 3.00%. This has been already the second meeting in a row, when the Reserve Bank kept the principal rate unchanged.
The demand for the risky assets grew on Thursday, and the euro stabilized. The EUR/USD pair showed maximums at the level of $1,3865. The released Euro-zone fundamentals supported the euro. The Business climate indicator for October increased to 0.98 against the expected 0.79 growth. Economic and industrial Euro-zone indicators were positive as well. The sterling rate also grew and the GBP/USD pair managed to reach the $1,5890 mark. The published UK fundaments also supported the sterling. The UK Nationwide house prices turned out to be lower than forecasted, but the released later on the CBI Reported sales for October reached the 36 level against the expected 35 and 49 from the previous month. Therefore, the greenback demonstrated a decrease for the first time after the three consecutive days with positive dynamics.
According to the decision of the Bank of Japan, which was taken unanimously, the principal rate was left unchanged at the level of 0.10%. This outcome has been expected by the market participants. The Bank of Japan also stated of its intentions to purchase corporate debts with low credit ratings. As a result, the Japanese yen stepped back from its previously reached minimums. The USD/JPY pair decreased to Y81,30.
Regardless of the previous RBNZ principal rate decision, the New-Zealand dollar managed to grow on Thursday. The head of the RBNZ, Alan Bollard, stated that the interest rates would probably be increased, which supported the national currency and supported the demand for the risky assets.
The US dollar continued to weaken against the euro on Friday and the sterling reached its weekly maximum, and the GBP/USD reached level around $1.6040 mark.

Happy trading!


2. Weekly technical analysis for 01 - 05.11 2010

EURUSD
The pair may try to break Fibonacci 23.6% retracement 1.42098. Higher is a trendline resistance at 1.44835.
Resistance: 1.41130, 1.44835, 1.47697
Support: 1. 37441, 1.33427, 1.28004

GBPUSD
The pair is trying to close above resistance 1.59962 and aiming to 1.64274. If the pair stays below 1.59962 the pair will decline to 1.57460.
Resistance: 1.64274, 1.68504, 1.72652
Support: 1.59962, 1.52523, 1.48532

USDCHF
The pair has reached intermediate resistance 0.99031. Strong support is at 0.94621. Strong resistance (a trend line) is at 1.01369.
Resistance: 0.99031, 1.01369, 1.04060
Support: 0.96525, 0.93770, 0.91074

USDJPY
The pair has reached support 80.244 and trying to roll back. Resistance is at 83.330.
Resistance: 83.330, 86.836, 90.909
Support: 80.244, 76.535, 73.126

AUDUSD
The pair is trying to stay above support 0.97889. It may bring pair to test new highs. Resistance is at 1.00031. If the pair brake and stays below 0.97889 the pair will drop to 0.94048.
Resistance: 1.00031, 1.02299, 1.04441
Support: 0.97889, 0.94048, 0.89581


3. The "Jingle Bells" trading championship starts 22nd November 2010.

Forex-Metal.com Announces Trading Competition Jingle Bells starting from 22nd November 2010.
This is a demo competition - you are playing with virtual cash. But the prizes are absolutely real!
The prizes are as follows:
* 1st place — 500 USD;
* 2nd place — 250 USD;
* 3rd place — 100 USD.

Plus EVERY participant even if he is not a winner will receive a cash prize at the end of the competition. Absolutely everyone if welcome to participate. For more details and to register please visit this page: https://forex-metal.com/promotions/competition


4. Representatives Wanted!
We are expanding our operations and would like to open a representative office in your country, so we can be closer to our customers. If you feel that you are up to it: to have an interesting business and to have a steady income, then talk to us. You do not need to have any special knowledge - full training and support will be provided by us.
For more details please contact our Business Development team at [email protected] or talk to our operators via live chat and they will put you to the right person.


5. Economic Calendar, Pip value calculator and other useful links.

• 4 major currency pairs are now also available for trading with market execution. All trading on our platform is done as instant execution, however for USDJPY, EURUSD, USDCHF and GBPUSD you now have a choice to trade them with instant or market execution. To trade these pairs with market execution right click on your symbols, choose Symbols in the menu, then in the section Forex choose these 4 pairs with letter M at the end, i.e. EURUSD_M and press Show.


• The general trading conditions and to open an account click here:
https://forex-metal.com/accounts/new

• Make an instant deposit into your account using credit card, Liberty Reserve or other methods. Visit the Deposit Funds page for full list of available payment methods:
https://forex-metal.com/fund_transactions/new

• Economic Calendar: https://forex-metal.com/ecpresentations

• Pip value calculator: https://forex-metal.com/home/pip_calculator

• No-swap or Islamic accounts.
Did you know that you can have a no-swap account or Islamic account at Forex-Metal?
We offer two types of no-swap accounts: with gifts and donations and without gifts and donations.
No-swap account with gifts and donations: with very small credits (gifts) and debits (donations) on your trading account which are approximately equal to the swap amounts. No account costs.
No-swap account without gifts and donations: no additional credits or debits, only spreads (the same spreads, no difference from the regular account). No account costs.

[Forex-Metal]

Forex-Metal.com Announces Trading Competition Jingle Bells starting from 22nd November 2010.
This is a demo competition - you are playing with virtual cash. But the prizes are absolutely real!
The prizes are as follows:
* 1st place — 500 USD;
* 2nd place — 250 USD;
* 3rd place — 100 USD.

Plus EVERY participant even if he is not a winner will receive a cash prize at the end of the competition.
Absolutely everyone if welcome to participate.
For more details and to register please visit this page:
https://forex-metal.com/promotions/competition

[Forex-Metal]

In this issue:


1. Weekly technical analysis
2. First results of the "Jingle Bells" trading competition.
3. Get a free ATM card when you open and fund your new trading account with us.
4. Representatives Wanted!
5. Economic Calendar, Pip value calculator and other useful links.



1. Weekly technical analysis for 22-26.11 2010

EURUSD

The pair has broken support 1.33427 the next aim at Fibonacci retracement 38.2% at 1.30659.

Resistance:1.33427, 1.37441, 1.41130

Support: 1.28004, 1.25667, 1.20280

GBPUSD

The pair may decline to Fibonacci retracement 23.6% at 1.53290.

Resistance: 1.59962, 1.64274, 1.68504

Support: 1.52523, 1.48532, 1.43344

USDCHF

The pair is under strong resistance 1.01369.

Resistance: 1.01369, 1.04060, 1.06321

Support: 0.99031, 0.96525, 0.93770

USDJPY

The pair is trading above 83.330, it may bring pair to 84.849.

Resistance: 86.836, 90.909, 94.705

Support: 83.330, 80.244, 76.535

AUDUSD

The pair has declined to support level 0.96436. If the pair closes below this level the pair will continue declining to 0.94048. If the pair stays above 0.96436 the pair will rise to 0.97889.

Resistance: 0.97889, 1.00031, 1.02299

Support: 0.94048, 0.89581, 0.85561




2. First results of the "Jingle Bells" trading competition.

Our final trading competition for this year has begun. We welcome all registered participants and wish you all good luck. For all those who haven't joined the competition yet, the main details of the championship are:

Takes place from 22nd November 2010 to 24th December 2010

This is a demo competition - you are playing with virtual cash. But the prizes are absolutely real!
The prizes are as follows:
* 1st place — 500 USD;
* 2nd place — 250 USD;
* 3rd place — 100 USD.

Plus EVERY participant even if he is not a winner will receive a cash prize at the end of the competition. Absolutely everyone if welcome to participate. For more details and to register please visit this page: https://forex-metal.com/promotions/competition

The current results of the ongoing competition could be checked here: https://forex-metal.com/competition_..._presentations



3. Get a free ATM card when you open and fund your new trading account with us.

Now you can get the free ATM debit card when you decide to open a new real trading account with us and deposit a minimum $500 into it. The card the bank normally sells for a $49.95 fee is going to be yours absolutely free. And that is not all. You will also get $100 cash on the card upon the card's activation. If you open the account with us within next 10 days you can be eligible for this offer. The full details of the promotion are available here https://forex-metal.com/home/cardspromotion.rhtml
Please hurry, the offer ends soon.



4. Representatives Wanted!

We are expanding our operations and would like to open a representative office in your country, so we can be closer to our customers. If you feel that you are up to it: to have an interesting business and to have a steady income, then talk to us. You do not need to have any special knowledge - full training and support will be provided by us.
For more details please contact our Business Development team at [email protected] or talk to our operators via live chat and they will put you to the right person.


5. Economic Calendar, Pip value calculator and other useful links.

• 4 major currency pairs are now also available for trading with market execution. All trading on our platform is done as instant execution, however for USDJPY, EURUSD, USDCHF and GBPUSD you now have a choice to trade them with instant or market execution. To trade these pairs with market execution right click on your symbols, choose Symbols in the menu, then in the section Forex choose these 4 pairs with letter M at the end, i.e. EURUSD_M and press Show.


• The general trading conditions and to open an account click here:
https://forex-metal.com/accounts/new

• Make an instant deposit into your account using credit card, Liberty Reserve or other methods. Visit the Deposit Funds page for full list of available payment methods:
https://forex-metal.com/fund_transactions/new

• Economic Calendar: https://forex-metal.com/ecpresentations

• Pip value calculator: https://forex-metal.com/home/pip_calculator

• No-swap or Islamic accounts.
Did you know that you can have a no-swap account or Islamic account at Forex-Metal?
We offer two types of no-swap accounts: with gifts and donations and without gifts and donations.
No-swap account with gifts and donations: with very small credits (gifts) and debits (donations) on your trading account which are approximately equal to the swap amounts. No account costs.
No-swap account without gifts and donations: no additional credits or debits, only spreads (the same spreads, no difference from the regular account). No account costs.

[Forex-Metal]

In this issue:

1. Weekly market review from Forex-Metal.
2. Weekly technical analysis.
3. Holiday Schedule.
4. New Currency Pairs Added
5. Results of the "Jingle Bells" trading competition.
6. 30% trading bonus is on again!


1. Weekly review for 13 – 17. 12, 2010

Previous trading week saw greenback being pressured by various factors. On Monday after the announced information that the Chinese Government would not increase the interest rates, the stock market grew and the greenback was pressured. Possibility, that the agency Moody’s Investors Service Inc. would change the US credit rating forecast to negative, rendered additional pressure on the greenback. As a result, the EUR/USD maximum was reached at the $1.3435 level.
The pound showed similar dynamics to the euro. The sterling was pressured by the released weak UK Rightmove house prices, and the GBP/USD dropped to $1.5716. But the weakened greenback pushed the GBP/USD pair to the maximums of $1.5897.
Oil prices grew due to the fact that Bank of China did not increase the interest rate. Therefore, the speculations on increased demand for oil reinforced. The rate was around the $88.18 mark per barrel. It maximum was reached at $89.10 mark per barrel. Gold also demonstrated growth, and the price reached the $1395 level.
Euro continued to stabilize on Tuesday morning. Expectations for the strong European fundamental release on that day supported the euro. Eventually the Euro-zone ZEW survey (Economic sentiment) for December turned out to be above expectations: 15.5 against the forecasted 10.5. The EUR/USD pair consolidated around the $1,3450 mark. Its maximum was reached at the $1.3498 level. At the same time the sterling demonstrated growth and reached the $1,5900 level against the greenback. The released GB retail price indices for November showed higher levels, compared to expectations. The UK consumer price index grew above expectations as well.
Released US fundamentals supported the greenback, which started to rehabilitate against the euro and the pound. The US advance sales for November turned out to be 0.8% against the expected 0.6%. The US producer price index and US retail sales grew above forecasts as well. According to the expectations, at the FOMC meeting the rate was left unchanged at the level of 0.25%. The QE program would stay at the previous level of $600 billion. The results of the FOMC meeting did not render any special support to the greenback.
The EUR/USD pair started Wednesday with a decrease to the $1,3300 mark. The euro was pressured by the announcement of Moody’s Investors Service that the credit rating of Spain would be possibly reduced. Minimums were reached at the $1.3284 mark. Expectations for the release of the positive US fundamentals later during the day supported the greenback. The speculations regarding the possible increase of the interest rate at the next FOMC meeting reinforced. The released consumer price index turned out to be at the forecasted level of 1.1%.
The sterling also decreased on Wednesday and the GBP/USD pair dropped to $1,5720 level. After the release of the UK employment data, the GBP/USD dropped to $1.5528. The jobless claims change decreased for 1.2K against the expected decrease for 3.0K.
The release of the strong US fundamentals supported the greenback on the same day. The Empire manufacturing index for December grew and reached 10.57 level against the forecasted level of 5.00. US industrial production increased as well and hit the 0.4% level against the expected 0.3%.
The euro was under pressure on Thursday due to the debt problems of some of the EC countries that weigh on the whole EC situation. During the morning trading the EUR/USD pair traded around the $1,3200-$1,3240 range. Euro received additional pressure from the announcement of Moody’s Investors Service regarding the possibility of reducing current rating of the Greek government obligations. Market participants are waiting for the results of the EC meeting, which was taking place in Brussels.
The publication of the strong UK economic data rendered temporary support to the sterling. In particular, the UK retail sales indicators turned out to be positive, and the GBP/USD reached the $1,5620 level. But later on, the pound stepped back from the reached daily maximums.
According to the expectations, the Swiss National Bank left the principal rate unchanged on Thursday at the level of 0.25%. As a result, the national currency stepped back from the reached Wednesday’s maximums.
Expectations for the results of the EC summit pressured the precious metals as well. The gold rate reached maximums of $1386, and fell back to $1380 per ounce. The silver reached maximums of $29.21 and stepped back to $28.98 per ounce.
On Friday the US dollar managed to strengthen against almost all counterparts. The released US fundamentals rendered support for the greenback. The announcement that Moody's agency reduced the rating for Ireland for 5 levels down pressured the euro. As a result, the EUR/USD reached minimums at $1,3150. The GBP/USD pair decreased as well and reached the $1,5452 minimums.


Happy trading!


2. Weekly technical analysis for 20 - 24.12, 2010

EURUSD
The pair has broken support 1.33427 the next aim at Fibonacci retracement 38.2% at 1.30659.
Resistance: 1.33427, 1.37441, 1.41130
Support: 1.28004, 1.25667, 1.20280


GBPUSD
The pair is trading below Moving Average (100) 1.59962, it is a bearish sign. The pair may decline to Fibonacci retracement 23.6% at 1.53290.
Resistance: 1.59962, 1.64274, 1.68504
Support: 1.52523, 1.48532, 1.43344


USDCHF
The pair has broken resistance (green dash line). The pair may decline to 0.94580 if 0.96525 is broken.
Resistance: 0.99031, 1.01369, 1.04060
Support: 0.96525, 0.93770, 0.91074


USDJPY
The pair is trading above 83.330, it may bring pair to 84.849.
Resistance: 86.836, 90.909, 94.705
Support: 83.330, 80.244, 76.535


AUDUSD
The pair stays below 1.000031. It may bring pair to 0.97889. If 0.97889 is broken the pair will decline to 0.94048.
Resistance: 1.00031, 1.01873, 1.03847
Support: 0.97889, 0.94048, 0.89581





3. Holiday Schedule

Due to Christmas and New Year's Eve holidays our trading schedule for the holiday period will be as follows:
On 24th of December 2010 we will close at 2pm GMT and will re-open as normal on the following Monday, 27th December 2010.
Then on 31st December we will close trading at 2pm GMT and will re-open at the usual time on Monday, 3rd January 2011.
We would like to take this opportunity and to wish all our valued customers a very happy and prosperous year 2011.


4. New Currency Pairs Added.

Three new currency pairs have been added to our trading platform this week. Clients will now be able to trade
CADCHF (Canadian dollar vs Swiss Franc),
EURNZD (Euro vs New Zealand Dollar), and
GBPNZD (Great Britain Pound vs New Zealand Dollar).

Forex-Metal clients can now trade more than 50 currency pairs with very tight spreads. To view Forex-Metal’s competitive spreads for all currency pairs, visit https://forex-metal.com/home/contract_parameters
Looking for a specific pair that we don't have? Talk to our support specialist at [email protected] and maybe we would be able to accommodate your trading needs.


5. Results of the "Jingle Bells" trading competition.

Our final trading competition for this year has begun. We welcome all registered participants and wish you all good luck. For all those who haven't joined the competition yet, the main details of the championship are:

Takes place from 22nd November 2010 to 24th December 2010

This is a demo competition - you are playing with virtual cash. But the prizes are absolutely real!
The prizes are as follows:
* 1st place — 500 USD;
* 2nd place — 250 USD;
* 3rd place — 100 USD.

Plus EVERY participant even if he is not a winner will receive a cash prize at the end of the competition. Absolutely everyone if welcome to participate. For more details and to register please visit this page: https://forex-metal.com/promotions/competition

The current results of the ongoing competition could be checked here:
https://forex-metal.com/competition_..._presentations


6. 30% trading bonus is on again!
Cash bonus promotion - “You nominate the amount of the bonus”. Get a cash bonus of up to $3000 when you deposit funds into your account for the first time.
The full bonus conditions are available here: https://forex-metal.com/discount/discount12
If you have just opened a trading account with us and fund your trading account within a week from the time of this message, you can receive a cash bonus in addition to your deposit.
If you would like to receive the bonus, please contact us at [email protected] and confirm the bonus amount you would like to receive, at the time your account is being funded.

[Forex-Metal]

Three new currency pairs have been added to our trading platform this week. Clients will now be able to trade
CADCHF (Canadian dollar vs Swiss Franc),
EURNZD (Euro vs New Zealand Dollar), and
GBPNZD (Great Britain Pound vs New Zealand Dollar).

Forex-Metal clients can now trade more than 50 currency pairs with very tight spreads.
To view Forex-Metal’s competitive spreads for all currency pairs, visit
https://forex-metal.com/home/contract_parameters
Looking for a specific pair that we don't have? Talk to our support specialist at [email protected] and maybe we would be able to accommodate your trading needs.

[Jerryus]

Your terms and offers are enticing, I must say.

[tenpip]

Another example of non-USA broker, say if I moved to your country would I/you be more prone to be governed by the laws that govern you more so than an overseas client? Just a tought.

[tenpip]

I meant to say "thought"

[K-Ro]

Is everyone sure this broker is on the up and up? Just asking....

[DickP]

Another example of non-USA broker, say if I moved to your country would I/you be more prone to be governed by the laws that govern you more so than an overseas client? Just a tought.

They are prone to be governed by their own laws not to defraud you, so I don't see where the argument lies. If you want, why not move to a different country or just stick with all USA brokers, otherwise you're going to have to take off the bib and deposit your money somewhere that meets your needs, Forex Metal or not.

[Forex-Metal]

IN THIS ISSUE:
1. Weekly market review from Forex-Metal.
2. Weekly technical analysis.
3. Trade forex from iphone or ipad: new apps are available.
4. New Currency Pairs Added
5. 30% trading bonus is on again!
6. Representatives Wanted!
7. Economic Calendar, Pip value calculator and other useful links.
________________________________________
WEEKLY REVIEW FOR 3 - 7. 01, 2011
The first trading week of 2011 year was not very active since many of the market participants were on holidays. Meanwhile the greenback demonstrated considerable consolidation, and weak Euro-zone fundamentals, which were released during the week supported this trend.
According to the experts’ opinion, the US economical indicators would show strong results in 2011. In particular, the forecasts for the employment figures were very positive.
On Tuesday positive attitudes in the market pushed the EUR/USD pair to the $1.3424 mark maximums, which was only temporarily. The sterling showed growth as well and reached the $1.5640 level. Mortgage approvals for November showed unexpected growth to 48.0K, which supported the pound. The purchasing manager index for December grew above its forecasts as well.
Sings of the positive dynamics of the US economy supported the greenback growth against the Japanese yen. The USD/JPY pair strengthened at the level of Y82,20 on Tuesday.
Oil prices were supported by the expectations for the release of the strong US fundamentals and speculations that the US economy rehabilitation rate would grow. The oil traded at the maximums of $91.48 per barrel. Due to oil price growth, the Canadian dollar rate showed considerable increase and traded around its 27-months maximum.
On Wednesday market participants were expecting the results of the Portugal and Poland state bond auctions. The euro was under pressure. The EUR/USD pair decreased to the $1,3270 range. European budget crises continued to have its negative influence on market participants.
Nevertheless, the released European economic data was strong on that day, which rendered temporary support to the euro. The German purchasing manager grew and turned out to be above forecasts. The Euro-zone purchasing manager index services and composite indices were above expectations as well. The Euro-zone producer price index resulted in 4.5% compared to forecasted 4.4%. The euro continued to drop and new minimums of the EUR/USD pair were reached at the $1.3208 level.
The GBP/USD rate showed minimums at the $1,5340 mark on that day. This decrease was a result of the published PMI construction for December, which happened to be below expectations.
The released American fundamentals were much stronger than expected: the ADP employment change for December showed growth for 297K instead of forecasted increase for 100K, which was the highest reading since the record keeping began. In addition, the ISM non-manufacturing composite index was above expectations as well. As a result the greenback rallied against all its counterparts.
Weak European docket rendered additional pressure on the euro on Thursday. Euro-zone consumer confidence for December dropped to -11.0 against the forecasted decrease to -10.2. Euro-zone industrial and economic confidence indicators grew above expectations, but could not support the euro. At the same time the Retail sales data dropped. Speculations regarding the spreading of the European banking crises reinforced. The EUR/USD minimums were set at the level of $1.3090. The US fundamental releases from Wednesday continued to support the greenback on Thursday as well. Additional support was rendered from the positive expectations for the considerable increase of the non-farm payrolls and drop of the unemployment rate, which are planned to be released on Friday. By the end of the day the EUR/USD dropped lower and reached $1.2996.
At the same time the sterling was under pressure due to the released purchasing manager services index, which turned out to be at the level of 49.7 against the forecasted 52.8. The GBP/USD dropped to the minimums around the $1.5450 mark.
Concerns over the negative influence of the flood on the country’s economy pressured the Australian dollar.
The released US fundamentals on Friday were not as strong as expected. The increased non-farm payrolls showed growth for only 113K compared to forecasted 178K. The EUR/USD pair closed the week at the level of $1,2950. The sterling did not manage to grow above the $1.5650 mark.


Happy trading!
________________________________________
WEEKLY TECHNICAL ANALYSIS FOR 10 - 14. 01, 2011

EURUSD
The pair has broken Fibonacci retracement 38.2% 1.30659 and aiming to Moving Average (500) at 1.24352. Strong support maybe met at the median line of the trend channel 1.26623.
Resistance: 1.30659, 1.33427, 1.37441
Support: 1.28004, 1.25667, 1.20280



GBPUSD
The pair needs to break a key level to continue declining 1.52523. While the pair is trading above this level the pair will try to rise. First aim is at Moving Average (100) at 1.59962.
Resistance: 1.59962, 1.64274, 1.68504
Support: 1.52523, 1.48532, 1.43344



USDCHF
The pair has drawn a bottom and may rise to median line at 0.98028. At the same level is Moving Average (100).
Resistance: 0.96525, 0.99031, 1.01369
Support: 0.93770, 0.91074, 0.88022



USDJPY
The pair needs to break 84.389 to be able to continue rising.
Resistance: 83.330, 86.836, 90.909
Support: 80.244, 76.535, 73.126



AUDUSD
The pair needs to break 0.97889 to be able to work out double top figure. If this level is broken the pair may decline to 0.94048.
Resistance: 1.01873, 1.03847, 1.05810
Support: 0.97889, 0.94048, 0.89581

________________________________________
3. TRADE FOREX FROM I-PHONE OR I-PAD: NEW APPS ARE AVAILABLE.

You can now trade forex and other instruments from your i-phone or i-pad.
Simply look up the new app ( Forex Metal) at App Store on your device and start to trade.
You can login to your trading terminal via i-phone/i-pad as usual, using your login and password. We hope you will enjoy this new convenient service.
Soon to come: a new application for Google Android.

________________________________________

4. NEW CURRENCY PAIRS ADDED

Three new currency pairs have been added to our trading platform this week.
Clients will now be able to trade
NZDCAD (New Zealand Dollar vs Canadian Dollar),
USDHKD (United States Dollar vs Hong Kong Dollar), and
USDTRY (United States Dollar vs Turkey Lira).

Forex-Metal clients can now trade more than 50 currency pairs with very tight spreads. To view Forex-Metal’s competitive spreads for all currency pairs, visit https://forex-metal.com/home/contract_parameters

Looking for a specific pair that we don't have? Talk to our support specialist at [email protected] and maybe we would be able to accommodate your trading needs.

At the same time we would like to announce that trading in silver instrument (XAGUSD) is temporarily suspended until 1st February 2011. We are sorry for the inconvenience.


30% TRADING BONUS IS ON AGAIN!
Cash bonus promotion - "You nominate the amount of the bonus". Get a cash bonus of up to $3000 when you deposit funds into your account for the first time. The full bonus conditions are available here: https://forex-metal.com/discount/discount01 If you have just opened a trading account with us and fund your trading account within a week from the time of this message, you can receive a cash bonus in addition to your deposit. If you would like to receive the bonus, please contact us at [email protected] and confirm the bonus amount you would like to receive, at the time your account is being funded.

REPRESENTATIVES WANTED!
We are expanding our operations and would like to open a representative office in your country, so we can be closer to our customers. If you feel that you are up to it: to have an interesting business and to have a steady income, then talk to us. You do not need to have any special knowledge - full training and support will be provided by us. For more details please contact our Business Development team at [email protected] or talk to our operators via live chat and they will put you to the right person.

[Forex-Metal]

Forex-Metal, a leading online Forex and CFD market maker, is pleased to announce the launch of its iPhone and iPad trading application. The new application will allow Forex-Metal clients to access forex and CFD trading anywhere using their iPhone or iPads.
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• set Stop-Loss and Take-Profit
• close and modify existing orders
• view real time profit/loss of live trades
• view past history
• real-time interactive currency charts
• live economic news calendar
• real-time market price overview
• Fibonacci Retracement Calculator
• Pivot Point Calculator
• Profit Calculator
and much more.
To download the free application, visit the Apple iTunes Store and search for “Forex-Metal” or visit http://www.apptism.com/apps/forex-metal-mt4-itrader
About Forex-Metal: The Company offers online Forex and CFD trading for beginners and advanced traders. Formed in 2007 by a group of professional dealers with many years of experience
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https://forex-metal.com/home/mobile_dealing

[Forex-Metal]

IN THIS ISSUE:
1. Weekly market review from Forex-Metal.
2. Weekly technical analysis.
3. Trade forex from iPhone or iPad: new apps are available.
4. New Currency Pairs Added
5. 30% trading bonus is on again!
6. Representatives Wanted!
________________________________________
1. WEEKLY REVIEW FOR 10 - 14 01, 2011
During the previous trading week the greenback demonstrated weakening against its competitors. Nevertheless, concerns regarding the situation of the European peripheral countries and their weakened ability to raise financing continued to pressure the euro in the beginning of the trading week. On Monday the EUR/USD pair reached its minimum of $1.2871. Later on the euro was supported by the announcement of the Peoples Bank of China regarding their intention to diversify Chinese monetary reserves in favor of US dollar competitors. The sterling demonstrated temporary decrease after the release of the negative UK fundamentals. The Halifax house prices showed unexpected drop below the forecasts: -1.6% against the expected -1.4%. As a result, the GBP/USD pair dropped to the $1.5472 minimums. But over the European problems, the pound managed to strengthen and reach the $1.56 range on the same day.
Flood in Queensland, Australia, continued to pressure the Australian dollar rate. Additional negative influence on the national currency was received from the China trade balance figures, which showed a trade surplus of $13.10B against the expected surplus of $20.75B, since China was a major trade partner of Australia.
By the end of Monday the EUR/USD pair showed growth and reached the $1,29 level. And the greenback showed weakening for the first time in 6 days, as demand for the safe-haven assets dropped.
Certain factors rendered support to the euro on Tuesday. The Japanese government announced of its intentions to acquire sovereign Euro-zone bonds. But according to the opinion of some experts, the participation of the Asian countries in the financial support program would not be enough for the settlement of the European crises. In addition to that, the ECB confirmed its plans to purchase bonds of the European periphery countries according to the Securities Market Program, which supported the euro. The EUR/USD pair consolidated in the range of $1.2910-$1.2990.
The flood in Australia raised concerns over the slow-down of the national economy growth rate. As a result, the Australian dollar continued to drop against the greenback and new monthly minimum has been reached at the level of 0.9818 on Tuesday.
On Wednesday the EUR/USD pair started to strengthen and reached the $1,3000 level during the morning trading. Euro continued to grow after the successful auction of the Portuguese state bonds. Market participants were waiting for the bond auction of Spain and Italy, which were planned for Thursday. In addition, the European leaders confirmed their intentions to expand the Euro-zone financial support program.
The US dollar rate decreased against its counterparts on Wednesday. The GBP/USD pair showed new maximum of $1.5780. But the negative release of the UK trade balance, which turned out to be below expectations, pressured the sterling.
Canadian dollar strengthened, due to the expected positive fundamentals, which may show house prices growth in Canada. At the same time oil traded around the maximum of $91.24, and the reduction in the US oil supply supported the consolidation of the oil rate.
The released Beige book report supported the US dollar at the second part of Wednesday, and the greenback won back its previously lost positions. The report confirmed the increasing number of US economy growth rate signs.
Expectations for the positive auction results pushed EUR/USD to the $1.3140 maximums during the morning trading on Thursday. The results of the state bond auctions of Italy and Spain were very positive, which supported the euro. Intentions of the European leaders to fight the budget crises rendered additional support. The ECB President, Jean-Claude Trichet, said that the uncertainties surrounding the European economic outlook remained “elevated”, but expressed his intentions to raise the principal rate in spite of the budget crises in the region. According to the expectations, the ECB left the principal rate unchanged at the previous level of 1.00%.
The pound advanced to the $1.5882 maximum as the Bank of England maintained its current policy in January. According to the forecasts, the principal rate was left unchanged at the previous level of 0.50%.
The Australian dollar was under pressure on Thursday due to the release of the diverse fundamentals. The employment change for December dropped for 2.3K, while the unemployment rate decreased to 5.0%, when the forecasted level was 5.1%.
Euro grew against its all competitors on Thursday. The EUR/USD pair reached maximum at the $1.3384 mark by the end of the day. The released US fundamentals could not support the greenback. The initial jobless claims suddenly increased to 445K. At the same time the annualized producer price index grew to 1.1%. Credit agencies Moody’s and S&P expressed their concerns over the weakened situation of the US budget perspectives.
The USD/JPY pair traded around the level of Y83.00 during the whole week.

Happy trading!
________________________________________
2. WEEKLY TECHNICAL ANALYSIS FOR 17 - 21. 01, 2011

EURUSD
The pair is trading below median line as well as stays below Moving Averages (100 and 200). This may bring pair to decline to Fibonacci retracement 38.2% at 1.30659.
Resistance: 1.37441, 1.41130, 1.44835
Support: 1.2800, 1.25667, 1.20280


GBPUSD
The pair is under Moving Average (100), it may bring pair to decline to 1.56185.
Resistance: 1.59962, 1.64274, 1.68504
Support: 1.52523, 1.48532, 1.43344


USDCHF
If the pair stays below 0.96526 the pair will decline to 0.93770.
Resistance: 0.96525, 0.99031, 1.01369
Support: 0.93770, 0.91074, 0.88022


USDJPY
The pair is closed in the triangle. Resistance 83.330, support 81.010.
Resistance: 83.330, 86.836, 90.909
Support: 80.244, 76.535, 73.126


AUDUSD
The pair needs to break 0.97889 to be able to work out double top figure. If this level is broken the pair may decline to 0.94048.
Resistance: 1.00031, 1.01873, 1.03847
Support: 0.97889, 0.94048, 0.89581


________________________________________
3. TRADE FOREX FROM I-PHONE OR I-PAD: NEW APPS ARE AVAILABLE.

You can now trade forex and other instruments from your iPhone or iPad.
Simply look up the new app ( Forex Metal) at App Store on your device and start to trade.
You can login to your trading terminal via iPhone/iPad as usual, using your login and password. We hope you will enjoy this new convenient service.
Soon to come: a new application for Google Android.

________________________________________

4. NEW CURRENCY PAIRS ADDED

Three new currency pairs have been added to our trading platform this week.
Clients will now be able to trade
NZDCAD (New Zealand Dollar vs Canadian Dollar),
USDHKD (United States Dollar vs Hong Kong Dollar), and
USDTRY (United States Dollar vs Turkey Lira).

Forex-Metal clients can now trade more than 50 currency pairs with very tight spreads. To view Forex-Metal’s competitive spreads for all currency pairs, visit https://forex-metal.com/home/contract_parameters

Looking for a specific pair that we don't have? Talk to our support specialist at [email protected] and maybe we would be able to accommodate your trading needs.

At the same time we would like to announce that trading in silver instrument (XAGUSD) is temporarily suspended until 1st February 2011. We are sorry for the inconvenience.


30% TRADING BONUS IS ON AGAIN!
Cash bonus promotion - "You nominate the amount of the bonus". Get a cash bonus of up to $3000 when you deposit funds into your account for the first time. The full bonus conditions are available here: https://forex-metal.com/discount/discount01 If you have just opened a trading account with us and fund your trading account within a week from the time of this message, you can receive a cash bonus in addition to your deposit. If you would like to receive the bonus, please contact us at [email protected] and confirm the bonus amount you would like to receive, at the time your account is being funded.

REPRESENTATIVES WANTED!
We are expanding our operations and would like to open a representative office in your country, so we can be closer to our customers. If you feel that you are up to it: to have an interesting business and to have a steady income, then talk to us. You do not need to have any special knowledge - full training and support will be provided by us. For more details please contact our Business Development team at [email protected] or talk to our operators via live chat and they will put you to the right person.

[Forex-Metal]

IN THIS ISSUE:
1. Weekly market review from Forex-Metal.
2. Weekly technical analysis.
3. Trade forex from iPhone or iPad: new apps are available.
4. Get a free ATM card
5. Representatives Wanted!
________________________________________
1. WEEKLY REVIEW FOR 17 - 21 01, 2011

Previous week saw various factors, which rendered pressure on the greenback. Only on Monday growing concern over the Euro-Zone crises spreading pressured the euro. Therefore, the euro lost its previously reached maximums. Market participants did not expect any support for the euro from the results of the European Finance Ministers in Brussels. Germany was against increasing of the size of the fund assistance to the EU crises victims. As a result, the EUR/USD pair dropped to $1.3240. US financial markets were closed on Monday due to the celebration of the Martin Luther King Day.
The released European data happened to be positive on Tuesday. The Euro-zone ZEW survey (economic sentiment) hit the 25.4 high, when the forecast was at the 16.6 level. And after the minimums of $1,3260, the EUR/USD pair grew to $1.3428 maximum. By the end of the day the EUR/USD managed to hit a new maximum of $1.3465. Sterling showed maximums due to the publication of the positive UK data on Tuesday. The UK data turned out to be even stronger, than forecasted. The consumer price index showed the 3.7% against its expected level of 3.4%. The retail price index turned out to be at the forecasted level of 228.4. In addition, the Nationwide consumer confidence grew to 53 against the expected level of 44. As a result, the GBP/USD pair reached maximums at the level of $1.6050. Expectations for the increase of the principal rate by the Bank of England reinforced.
According to the expectations, the Bank of Canada left the interest rate unchanged at the level of 1.00% on Tuesday. Canadian dollar dropped against the US dollar.
On Wednesday the EUR/USD managed to reach the $1.3537 maximums. According to the forecasts, the US housing starts dropped in December to 529K against the expected 550K, which was a sign of the economical growth rate slow down. Employment data was forecasted to be negative as well. In addition, the greenback was pressured by the Chinese Yuan.
The sterling continued to trade around the reached maximums against the greenback on Wednesday morning. Weakening of the US dollar supported the pound. In addition, the UK jobless claims dropped to 4.1K in December (this decline in jobless claims marked the lowest level in 21 months), the Claimant count rate turned out to be at the forecasted level of 4.5%. The GBP/USD pair grew and hit daily maximums at the $1.6036 mark. Nevertheless, the sterling was lower against other major currencies.
On Thursday the euro rate grew against the yen and the pound after the release of the Euro-zone data. The German annualized producer prices increased for 0.7% when the forecasted level was at the 0.5%. Meanwhile the EUR/USD managed to hit the $1.35 range, but only temporarily.
At the same time the greenback received substantial support, as the released Chinese data pressured the commodity currencies. Concerns over the possibility that China would undertake additional measures aimed to cool down the economic growth, reduced the demand for the raw materials. High-risk assets were pressured. Chinese Gross Domestic Product grew for 9.8% against the expected growth for 9.4%. Consumer price index grew for 4.6% and the Industrial production increased for 15.7%.
The GBP/USD pair managed to grow and reach maximums of $1.6010, but later on the sterling decreased to $1.5850. At the same time the yen rate grew as demand for the save-haven currencies increased. The USD/JPY pair traded in the range of Y82.00 - Y82.30.
By the end of the day on Thursday the EUR/USD pair dropped to as low as $1.34. The US dollar showed additional growth after the publication of the US fundamentals, and consolidated against its competitors. Initial jobless claims dropped to 404K against the forecasted 420K. Existing home sales grew to 5.28M against the expected 4.87M. The leading indicators increased for 1.0%.
After the positive day for greenback on Thursday, Friday demonstrated considerable weakness for the US dollar. Strong Euro-zone fundamentals rendered support to the euro and to the sterling both. The released German IFO business climate indicator turned out to be above expectations. Demand for the high-risk assets increased, and the EUR/USD pair reached the $1.36 maximums.

Happy trading!
________________________________________
2. WEEKLY TECHNICAL ANALYSIS FOR 24 - 28. 01, 2011

EURUSD
The pair has reached Moving Averages (100 and 200) at 1.35270. If the pair stays below this level the pair will decline to 1.33427. If the pair stays above 1.35270 the pair will rise to 1.41130.
Resistance: 1.37441, 1.41130, 1.44835
Support: 1.33427, 1.2800, 1.25667


GBPUSD
The pair has reached channel line at 1.60874. If the pair rises above this level the pair will continue rising aiming to reach Fibonacci retracement 38.2% at 1.64274. If the pair stays below1.60874 the pair will decline to 1.56780.
Resistance: 1.59962, 1.64274, 1.68504
Support: 1.52523, 1.48532, 1.43344


USDCHF
If the pair stays below 0.96526 the pair will decline to 0.93770. If the pair breaks 0.96526 the pair will rise to the channel line at 1.00233.
Resistance: 0.96525, 0.99031, 1.01369
Support: 0.93770, 0.91074, 0.88022


USDJPY
The pair is closed in the triangle. Resistance 83.330, support 81.010.
Resistance: 83.330, 86.836, 90.909
Support: 80.244, 76.535, 73.126


AUDUSD
The pair needs to break 0.97889 to be able to work out double top figure. If this level is broken the pair may decline to 0.94048.
Resistance: 1.00031, 1.01873, 1.03847
Support: 0.97889, 0.94048, 0.89581



________________________________________
3. TRADE FOREX FROM I-PHONE OR I-PAD: NEW APPS ARE AVAILABLE.

You can now trade forex and other instruments from your iPhone or iPad.
Simply look up the new app ( Forex Metal) at App Store on your device and start to trade.
You can login to your trading terminal via iPhone/iPad as usual, using your login and password. We hope you will enjoy this new convenient service.
Soon to come: a new application for Google Android.


GET A FREE ATM CARD WHEN YOU OPEN AN ACCOUNT WITH US
How would you like to open an account and get an ATM debit card absolutely free?
If you open the account with us you can be eligible for this offer. The full details of the promotion are available here https://forex-metal.com/home/cardspromotion.rhtml
REPRESENTATIVES WANTED!
We are expanding our operations and would like to open a representative office in your country, so we can be closer to our customers. If you feel that you are up to it: to have an interesting business and to have a steady income, then talk to us. You do not need to have any special knowledge - full training and support will be provided by us. For more details please contact our Business Development team at [email protected] or talk to our operators via live chat and they will put you to the right person.

[Forex-Metal]

IN THIS ISSUE:
1. Weekly market review from Forex-Metal.
2. Weekly technical analysis.
3. Trade forex from iPhone or iPad: new apps are available.
4. 30% trading bonus is on again!
5. Representatives Wanted!
________________________________________
1. WEEKLY REVIEW FOR 24 - 28 01, 2011


Previous trading week was a week of the “weak dollar”. On Monday expectations for the strong European fundamentals supported the euro. Eventually the Euro-zone purchasing manager services index turned out to be at the level of 55.2, which was above the expectations of 54.3. The annualized Euro-zone industrial new orders resulted in 19.9% against the forecasted 17.4%. As a result, the EUR/USD maximums were reached at $1,3640. According to the published information, the Irish political coalition collapsed, which increased the risk of the budget adoption, which has been based on the engaged country loan. Therefore, the euro started its negative trend. The EUR/USD minimum was reached at the $1.3540 mark on the same day. In addition, according to some experts’ opinion, the technical correction of the euro was taking place after the former growth of the single currency.
At the same time the sterling incurred losses due to the negative forecasts of the UK GDP data, which was planned for Tuesday. Therefore, the GBP/USD pair dropped to $1.5920 minimums. The released on Monday Australian Producer price index data happened to be below expectations, therefore, the Australian dollar rate dropped.
On Tuesday the sterling demonstrated a sharp negative trend and the GBP/USD pair dropped for 200 points and reached the $1.5750 minimums. The release of the UK fundamentals showed that the UK GDP fell by 0.5% in Q4 after having increased for the last 4 quarters. The cold weather conditions could be one of the negative factors that hit the retail and service sectors. As a result, the pound demonstrated a sharpest drop in this month. According to the experts’ opinion, the possibility that the Bank of England would keep the principal rate unchanged, increased.
On the same day the greenback decreased against the Japanese yen rate. The USD/JPY traded in the range of Y82.25 – Y82.54. Bank of Japan decided to leave the principal rate unchanged at the previous level of 0.10%.
The released Australian Consumer prices indicators turned out to be unexpectedly lower compared to their forecasts. The annualized Consumer prices index for the fourth quarter resulted in 2.7% when the expectations were at the 3.0%. As a result, the Australian dollar was under pressure on Tuesday.
On Wednesday the EUR/USD reached the maximums of $1,3709. German import prices showed growth for 2.3% against the forecasted 1.2%, which was published on that day. Expectations for the strong EC fundamentals release next day supported the euro as well. On Wednesday the greenback was mainly under pressure and decreased against major currencies. According to the final decision of the FOMC meeting, the QE2 program was left unchanged at the previous level. The interest rate was left at the level of 0.25%. Among the published fundamentals, the US New home sales demonstrated growth and reached 329K against the forecasted 300K.
The released on the same day minutes of the meeting of the Bank of England resulted in a sharp growth of the sterling. According to the published report, Andrew Sentance was supported by another confederate, who also voted for the increase of the interest rate for 25 basic points. The GBP/USD reached the maximums of $1,5904. We should also mention that on Wednesday the Reserve Bank of New-Zealand left the principal rate unchanged at the level of 3.00%.
According to the released information on Thursday, the rating agency S&P reduced the long-term sovereign rating of Japan to the "??-" level with the stable forecast. As a result the Japanese yen rate dropped sharply against the major currencies. The USD/JPY pair grew and reached maximums of Y83.00.
During the morning trading the US dollar received substantial support after the released S&P rating for Japan. All major greenback competitors dropped. The euro and the sterling demonstrated negative movement against the US dollar. On the same day the statement of the President of France, Nicolas Sarkozy in Davos, rendered considerable support for the euro. The President spoke on behalf of France and Germany, and he pointed out that “they would do everything possible to protect the EC”. Therefore, the euro reacted immediately and strengthened against its major counterparts. The EUR/USD pair grew from the minimums of $1.3630 to maximums at $1.3760. Following the euro positive dynamics, the sterling also grew, and the GBP/USD pair increased to $1.5989. The greenback did not receive support from the published positive US fundamentals during the second part of that day. Pending home sales grew for 2.0% against the expected 1.0%.
The released positive US fundamentals on Friday pressured the euro and the EUR/USD pair closed the trading week at the $1.3600 range. The GBP/USD rate decreased as well and closed the trading week at $1.5850.
Happy trading!
________________________________________
2. WEEKLY TECHNICAL ANALYSIS FOR 31.01 - 04. 02, 2011

EURUSD
The pair has reached Moving Averages (100 and 200) at 1.35270. If the pair stays below this level the pair will decline to 1.33427. If the pair stays above 1.35270 the pair will rise to 1.41130.
Resistance: 1.37441, 1.41130, 1.44835
Support: 1.33427, 1.2800, 1.25667


GBPUSD
The pair has reached channel line at 1.60874. If the pair rises above this level the pair will continue rising aiming to reach Fibonacci retracement 38.2% at 1.64274. If the pair stays below1.60874 the pair will decline to 1.56780.
Resistance: 1.59962, 1.64274, 1.68504
Support: 1.52523, 1.48532, 1.43344


USDCHF
The pair is aiming to 0.93264.
Resistance: 0.96525, 0.99031, 1.01369
Support: 0.93264, 0.91074, 0.88022


USDJPY
The pair is closed in the triangle. Resistance 83.330, support 81.010.
Resistance: 83.330, 86.836, 90.909
Support: 80.244, 76.535, 73.126


AUDUSD
The pair needs to break 0.97889 to be able to work out double top figure. If this level is broken the pair may decline to 0.94048.
Resistance: 1.00031, 1.01873, 1.03847
Support: 0.97889, 0.94048, 0.89581

________________________________________
3. TRADE FOREX FROM I-PHONE OR I-PAD: NEW APPS ARE AVAILABLE.

You can now trade forex and other instruments from your iPhone or iPad.
Simply look up the new app ( Forex Metal) at App Store on your device and start to trade.
You can login to your trading terminal via iPhone/iPad as usual, using your login and password. We hope you will enjoy this new convenient service.
Soon to come: a new application for Google Android.


30% TRADING BONUS IS ON AGAIN!
Cash bonus promotion - "You nominate the amount of the bonus". Get a cash bonus of up to $3000 when you deposit funds into your account for the first time. The full bonus conditions are available here: https://forex-metal.com/discount/discount02
If you have just opened a trading account with us and fund your trading account within a week from the time of this message, you can receive a cash bonus in addition to your deposit.
If you would like to receive the bonus, please contact us at [email protected] and confirm the bonus amount you would like to receive, at the time your account is being funded.

REPRESENTATIVES WANTED!
We are expanding our operations and would like to open a representative office in your country, so we can be closer to our customers. If you feel that you are up to it: to have an interesting business and to have a steady income, then talk to us. You do not need to have any special knowledge - full training and support will be provided by us. For more details please contact our Business Development team at [email protected] or talk to our operators via live chat and they will put you to the right person.

[Forex-Metal]

IN THIS ISSUE:
1. Weekly market review from Forex-Metal.
2. Weekly technical analysis.
3. Trade forex from iPhone or iPad: new apps are available.
4. 30% trading bonus is on again!
5. Representatives Wanted!
________________________________________
1. WEEKLY REVIEW FOR 31.01 – 04.02, 2011

The beginning of the previous trading week saw the strengthening of the euro. On Monday Euro-zone positive fundamentals have been released: The expected Consumer price index in January reached the 2.4% (it’s 2-year maximum) against the forecasted 2.3%. According to some experts’ opinion, the ECB might increase the principle interest rate. As a result, the EUR/USD pair grew to the $1,3700 level. By the end of the day the EUR/USD pair grew higher and reached maximums at the $1,3740 mark.
According to the experts’ expectations, and against the background of the recent flood, the Reserve Bank of Australia would keep the interest rate unchanged at the previous level of 4.75%. Therefore, the Australian dollar was under pressure since the instability in Egypt could decrease the demand for the risky assets. The demand for the save-haven currencies increased, and the yen rate stabilized. The USD/JPY rate stabilized at the Y82.30 mark. At the same time the negative data, released on Sunday, pressured the national currency: building permits decreased for 18.6% against the forecasted drop for 1.3%.
Instability in Egypt and concerns over the possibility of its spreading on the neighboring countries rendered pressure on the oil price as well, which pushed it higher to the $89.54 mark per barrel. Its rate reached maximums above the $90.20 level in the beginning of the week.
According to the expectations, on Tuesday the Reserve Bank of Australia left the principal rate unchanged at the level of 4.75% for the third month. The RBA continued to have a very favorable view of the Australian economy. As a result, the Australian dollar almost reached parity versus the American dollar.
On Tuesday the greenback continued its negative dynamics against its competitors, since the demand for the save-haven assets dropped, as the world economy rehabilitation growth rate increased. Weakened greenback brought the EUR/USD pair to the maximums of $1.3700. During the European session the pair reached maximums above the $1.3800 mark after the released Euro-zone PMI manufacturing data (57.3 against the forecasted 56.9).
The sterling showed considerable growth on Tuesday, even though the UK fundamentals were rather mixed. The PMI manufacturing data was much stronger than expected: 62.0 against the forecasted 58.0. Expectations for the increase of the principal rate by the Bank of England supported the pound as well. As a result, the GBP/USD reached the $1.6140 level.
Euro traded around its maximums against the US dollar on Wednesday. The Euro-zone Producer price index for December showed unexpected growth: 53.7 against the forecasted 49.5. The EUR/USD reached the $1.3861 maximum. Market participants fixed their profits on euro long positions. Market participants saw a strong growth of the sterling on the same day. Several factors rendered support for this rally. The UK construction PMI demonstrated a considerable growth: 53.7 against the expected 49.5. As a result, the GBP/USD pair reached maximums at the level of $1,6229. The announcement of the Bank of England member, Mr. Sentance, that the interest rates should be increased, supported the sterling as well. The pound increased against the major currencies.
During the second part of the day on Wednesday the trading dynamics changed. The euro was pressured by the released Ireland rating by the “S&P” agency, which was reduced again. The EUR/USD closed the trading day at the level of $1,3770. The greenback changed its trading direction and showed some growth. The ADP employment for January surprised market participants: 187K growth compared to the forecasted 140K.
Strong Australian economic docket supported the national currency on Thursday, and the Australian dollar hit its 1-month highs. Trade balance report showed higher surplus compared to the forecasts. Building approvals demonstrated considerable increase.
The released on Thursday Euro-zone fundamentals were mixed. German and Euro-zone PMI services and composite indices were above expectations. But the Euro-zone Retail sales for December showed a decrease of 0.6%, when the forecasted growth was at 0.5%, which had a temporary pressure on the euro. And the EUR/USD pair dropped from the maximums of $1.3826 to $1.3750. According to the expectations, the ECB left the principal rate unchanged at the previous level of 1.00%. But according to the released information, the head of the ECB, Jean-Claude Trichet, did not express concerns over the increased inflation level, and the euro started to drop.
On Thursday the GBP/USD pair renewed its weekly maximums at the level of $1.6277, which was a result of the published UK PMI Services data, which turned out to be at the 54.5 against the expected 51.3.
Strong US fundamentals, which were released during the second part of the day on Thursday, were even better than expected. Initial jobless claims dropped, ISM non-manufacturing composite index increased above forecasts and the Factory orders volume grew, when the forecast was negative. The EUR/USD closed the trading day at the $1.3600 mark. The pound also decreased following the negative dynamics of the euro and the GBP/USD pair dropped to $1.6150 at the end of the trading day.
On Friday the US unemployment data was released. The unemployment rate dropped and resulted in 9.0% against the forecasted 9.5%, but the change in non-farm payrolls for January dropped for 36K, when the expectations showed growth for 146K. As a result, the EUR/USD pair traded even below the $1.3600 mark. The GBP/USD closed the week below the $1.6100 level.
Happy trading!
________________________________________
2. WEEKLY TECHNICAL ANALYSIS FOR 7-11.02 2011

EURUSD
The pair is trading in the triangle. Upper border (resistance) is 1.41130, lower border (support) is 1.30651. The pair needs to break one of these levels to be able continue rising or falling.
Resistance: 1.37441, 1.41130, 1.44835
Support: 1.33427, 1.2800, 1.25667


GBPUSD
The pair has reached channel line at 1.60874. If the pair rises above this level the pair will continue rising aiming to reach Fibonacci retracement 38.2% at 1.64274. If the pair stays below1.60874 the pair will decline to 1.56780.
Resistance: 1.64274, 1.68504, 1.72652
Support: 1.59962, 1.52523, 1.48532


USDCHF
The pair has reached 0.93264 and rolled back to median line 0.95438. The pair needs to break this level to be able continue rising to 0.99031. If the pair stays below 0.95438 the pair will decline to 0.93264.
Resistance: 0.96525, 0.99031, 1.01369
Support: 0.93264, 0.91074, 0.88022


USDJPY
The pair is closed in the triangle. Resistance 83.330 supports 81.010. The pair needs to break one of these levels to be able continue rising or declining.
Resistance: 83.330, 86.836, 90.909
Support: 80.244, 76.535, 73.126


AUDUSD
The pair has risen to 1.01873. If this level is broken the pair may find resistance at the median line 1.03847. Support is at 1.00031.
Resistance: 1.01873, 1.03847, 1.05810
Support: 1.00031, 0.97889, 0.94048

________________________________________
3. TRADE FOREX FROM I-PHONE OR I-PAD: NEW APPS ARE AVAILABLE.

You can now trade forex and other instruments from your iPhone or iPad.
Simply look up the new app ( Forex Metal) at App Store on your device and start to trade.
You can login to your trading terminal via iPhone/iPad as usual, using your login and password. We hope you will enjoy this new convenient service.
Soon to come: a new application for Google Android.


30% TRADING BONUS IS ON AGAIN!
Cash bonus promotion - "You nominate the amount of the bonus". Get a cash bonus of up to $3000 when you deposit funds into your account for the first time. The full bonus conditions are available here: https://forex-metal.com/discount/discount02
If you have just opened a trading account with us and fund your trading account within a week from the time of this message, you can receive a cash bonus in addition to your deposit.
If you would like to receive the bonus, please contact us at [email protected] and confirm the bonus amount you would like to receive, at the time your account is being funded.
REPRESENTATIVES WANTED!
We are expanding our operations and would like to open a representative office in your country, so we can be closer to our customers. If you feel that you are up to it: to have an interesting business and to have a steady income, then talk to us. You do not need to have any special knowledge - full training and support will be provided by us. For more details please contact our Business Development team at [email protected] or talk to our operators via live chat and they will put you to the right person.

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OPEN ACCOUNT | ECONOMIC CALENDAR | PIP VALUE CALCULATOR | FOREX FOR BEGINNERS

https://forex-metal.com/newsletters/188
Market review for 31.01 – 04.02, 2011


https://forex-metal.com/newsletters/189
Weekly technical analysis for 7 - 11.02

[nuevotrader]

Hi i am new tradder, can you tell me if I should deposit in you and for what good reasons?

[Forex-Metal]

Hi i am new tradder, can you tell me if I should deposit in you and for what good reasons?

Hi! Nice to meet You. We have very competitive trading conditions and Instant execution of orders
We constantly develop new financial products and provide more trading and analysis tools to our customers. Please try to trade with us and you will not regret it.
http://assets.forex-metal.com/home/land/1/

[Forex-Metal]

IN THIS ISSUE:
1. Weekly market review from Forex-Metal.
2. Weekly technical analysis.
3. New Introducing Broker Opportunities

4. Trade forex from iPhone or iPad: new apps are available.
5. 30% trading bonus is on again!
6. Representatives Wanted!
________________________________________
1. WEEKLY REVIEW FOR 7.02 – 11.02, 2011

The previous trading week saw the continuous strengthening of the US dollar. On the first day of the week German factory orders turned out to be below expectations: 19.7% against the forecasted 21.3%. As a result, the euro decreased against the greenback. The EUR/USD pair dropped to the $1,3540 level. Concerns over the instability in Egypt continued to pressure market participants’ trading. Minimums of the EUR/USD pair were set at the $1.3506 level.
The Australian dollar rate demonstrated a negative trend against the American dollar on Monday as well after the released Australian retail sales data during the Asian trading session, which happened to be below expectations: 0.2% against the forecasted 0.5%.
On Tuesday the trading dynamics demonstrated some change. Expectations for the strong Euro-zone fundamentals supported the euro. And the EUR/USD pair reached maximums at the $1.3688 level. Demand for the save-haven currencies started to drop, and the greenback rate decreased against the major currencies. American dollar was under additional pressure of the increased Chinese interest rate. People’s Bank of China announced the interest rate decision on Tuesday: principal rate was increased to 6.06%.
The released on the same day UK RICS House Price balance was better, than expected: -31% compared to the forecasted -38%. As a result, the pound grew against the US dollar and strengthened around the $1.6162 mark. Market participants were concerned regarding the interest rate announcement by the Bank of England, which was planned for this Thursday. But later during the day the decrease of the sterling showed minimums of $1.6080 as a result of the introduced additional taxes for banking institutions in the UK.
The Federal Reserve Chairman, Ben Bernanke, expressed his support of the QE2 program in his statement on Wednesday. He mentioned that this program would help job creation and economic growth. Ben Bernanke also stated that the unemployment level would remain above the “normal level”.
Greenback started to lose its positions during the American trading session, since Ben Bernanke did not mention any intentions to reinforce the credit monetary policies. As a result, the EUR/USD pair managed to hit the $1.3730 maximums. The pound followed the euro growth and the GBP/USD pair reached the $1.6125 highs.
On Thursday the US dollar rate rehabilitated and won its previously lost positions. The greenback was supported by the expectations for the release of the strong fundamentals. Decreased stock markets supported the growing demand for the save-haven assets.
According to the released information, the Bank of England left the principal rate unchanged at the previous level of 0.50% and the Assets purchase target at the previous level of 200B. The sterling was not influenced by this decision and the GBP/USD rate demonstrated moderate trading. The GBP/USD showed minimums of $1.6020.
Concerns over the possible interruptions of oil inventories through the Suez Canal pressured the oil prices, which made the oil rate grow up to $86.93 per barrel. Following the US dollar growth, the oil rate decreased to $86.30 per barrel.
The publication of the US fundamentals rendered additional support to the greenback during the second part of the day on Thursday. Initial jobless claims dropped to 383K against the expected 410K.
On Friday the resignation announcement of the President of Egypt increased the uncertainty of the country’s future, and the demand for the save-haven assets grew, which supported the US dollar rate. As a result, the greenback strengthened against its competitors even more.

Happy trading!
________________________________________
2. WEEKLY TECHNICAL ANALYSIS FOR 14-18.02 2011

EURUSD
The pair is trading in the triangle. Upper border (resistance) is 1.41130, lower border (support) is 1.30651. The pair needs to break one of these levels to be able continue rising or falling.
Resistance: 1.37441, 1.41130, 1.44835
Support: 1.33427, 1.2800, 1.25667


GBPUSD
The pair has reached channel line at 1.60874. If the pair rises above this level the pair will continue rising aiming to reach Fibonacci retracement 38.2% at 1.64274. If the pair stays below1.60874 the pair will decline to 1.56780.
Resistance: 1.64274, 1.68504, 1.72652
Support: 1.59962, 1.52523, 1.48532


USDCHF
The pair may roll back to support line at 0.96526 before continue rising to 0.99031.
Resistance: 0.99031, 1.01369, 1.04060
Support: 0.96525, 0.93264, 0.91074


USDJPY
The pair is closed in the triangle. Resistance 83.330 supports 81.010. The pair needs to break one of these levels to be able continue rising or declining.
Resistance: 83.330, 86.836, 90.909
Support: 80.244, 76.535, 73.126


AUDUSD
The pair has risen to 1.01873 and rolled back to 1.00031. If 1.00031 is broke the pair will decline to 0.97889.
Resistance: 1.01873, 1.03847, 1.05810
Support: 1.00031, 0.97889, 0.94048


________________________________________
3. NEW INTODUCING BROKER OPPERTUNITIES

We recently have been upgrading our IB section with new exciting offers for our partners, starting with various commission structures for IBs and affiliates and also introducing new full White Label business options. Feel free to browse the information at our Introducing Broker section. Whether you are an investment manager or an IB, we are sure you will find some new information there that would help you to further develop your business.


4. TRADE FOREX FROM I-PHONE OR I-PAD: NEW APPS ARE AVAILABLE.

You can now trade forex and other instruments from your iPhone or iPad.
Simply look up the new app ( Forex Metal) at App Store on your device and start to trade.
You can login to your trading terminal via iPhone/iPad as usual, using your login and password. We hope you will enjoy this new convenient service.
Soon to come: a new application for Google Android.


30% TRADING BONUS IS ON AGAIN!
Cash bonus promotion - "You nominate the amount of the bonus". Get a cash bonus of up to $3000 when you deposit funds into your account for the first time. The full bonus conditions are available here: https://forex-metal.com/discount/discount02
If you have just opened a trading account with us and fund your trading account within a week from the time of this message, you can receive a cash bonus in addition to your deposit.
If you would like to receive the bonus, please contact us at [email protected] and confirm the bonus amount you would like to receive, at the time your account is being funded.
REPRESENTATIVES WANTED!
We are expanding our operations and would like to open a representative office in your country, so we can be closer to our customers. If you feel that you are up to it: to have an interesting business and to have a steady income, then talk to us. You do not need to have any special knowledge - full training and support will be provided by us. For more details please contact our Business Development team at [email protected] or talk to our operators via live chat and they will put you to the right person.