Forex Metal Reliable Online Broker!

**Forex-Metal** · 06-13-2011, 21:28

IN THIS ISSUE:
1. Weekly market review from Forex-Metal.
2. Weekly technical analysis.
3. New deposit option added – Giropay
4. Get a 30% trading bonus when you open a new account.
5. Representatives Wanted!
________________________________________
WEEKLY REVIEW FOR 6 -10. 06, 2011

Previous week demonstrated very diverse trading activity. On Monday the euro traded around its maximum levels due to the decreased concerns over the European crises. Possibility that Euro-zone would agree on allocating additional bailout package for Greece supported the euro. The EUR/USD traded in the range of $1.4620-$1.4660. Positive Euro-zone fundamentals were released on Monday as well. Euro-zone monthly producer price index for April turned out to be above forecasts: 0.9% against expected 0.8%. According to the experts’ predictions, the ECB would leave the principal rate unchanged at the previous level of 1.25%. US dollar remained weak on Monday after the negative US fundamental release last week.
The AUD/USD pair reached its maximums at the 1.0766 mark on the same day. The released Australian performance of construction index supported the national currency.
On Tuesday morning we saw strengthening of the euro. German Chancellor, Angela Markel supported the euro by expressing confidence in the soon rehabilitation from the Euro-zone economic crises. ECB reconfirmed its readiness to render additional financial help to Greece, which continued to have a positive influence on the euro as well. As a result, the EUR/USD strengthened above the $1.4600 level. The Euro-zone important news’ releases - EU retail sales and Germany Factory Orders – showed better than expected results. Daily maximums were reached at the $1.4680 level during the European trading session.
The Reserve Bank of Australia left its principal rate unchanged at the previous level of 4.75%. The Australian dollar rate decreased against the American dollar. The RBA supporting message stated that the current policy measures were appropriate.
Wednesday saw the growing demand for the save-heaven currencies and the drop of the euro. Representatives of the IMF stated that financial help of the Portuguese fund could lead to considerable risks. In addition, the released Euro-zone fundamentals did not render any support to the euro. The German industrial production dropped to 9.6% against the forecasted 10.0%. The EUR/USD pair reached the $1.4640 minimums. The sterling followed the euro and the GBP/USD dropped to the $1.6420 level. The credit agency “Moody’s” stated that the UK could have its credit rating decreased, if the UK economy continued to be so weak.
As a save-heaven currency, the yen showed considerable stabilization against the competitor currencies. The USD/JPY pair demonstrated minimums at the Y79.70 level.
Oil prices decreased to the $98.46 level per barrel on Wednesday. During the OPEC meeting, which was taking place in Vienne on that day, quotas could be raised to meet the demand.
According to the Beige Book release from Wednesday, four regions demonstrated slow-down of the US economical growth rate. The head of the FRS, Ben Bernanke, mentioned in his previous speech that economical growth of the previous period had been uneven and “disappointingly slow”.
In anticipation of the ECB interest rate decision, and particularly of the Jean-Claude Trichet speech, the euro rate increased and the EUR/USD pair strengthened at the level of $1.4650 on Thursday. According to the expectations, the ECB interested would be increased in July. On Thursday the ECB left the principal rate unchanged at the 1.25% level. According to the expectations, the Bank of England left the principal rate unchanged at the previous level of 0.5% as well.
Australian Employment change demonstrated growth only for 7.8K against the forecasted growth for 25K. As a result, the Australian dollar dropped against the greenback. Expectations, that the RBA would increase its principal rate, dropped.
The EUR/USD pair decreased and closed the trading week at the $1,4350 level. The GBP/USD dropped to $1,6220 mark.

Happy trading!
________________________________________
WEEKLY REVIEW FOR 13 -17. 06, 2011

EURUSD
The pair broke 1.44835 and aiming to support level at 1.41130.
Resistance: 1.44835, 1.47697, 1.50676
Support: 1.41130, 1.37441, 1.33427

GBPUSD
The pair is trading between Moving Averages (200) 1.65379 and (100) 1.59962.
Resistance: 1.64274, 1.68504, 1.72652
Support: 1.59962, 1.52523, 1.48532

USDCHF
The pair has declined to 0.82723. The pair may roll back to channel line at 0.85633.
Resistance: 0.85633, 0.88022, 0.91074
Support: 0.82723, 0.79957, 0.76882

USDJPY
The pair declined to 80.244. If this level is broken the pair will continue declining.
Resistance: 83.330, 86.836, 90.909
Support: 80.244, 76.535, 73.126

AUDUSD
The pair has broken 1.05810 and aiming to 1.03847.
Resistance: 1.05810, 1.07806, 1.09604
Support: 1.03847, 1.01873, 1.00031

________________________________________
NEW DEPOSIT OPTION ADDED - GIROPAY

Customers from Germany can now make local payments when adding funds to the trading accounts using the new convenient payment option - Giropay.
Giropay allows quick easy payments between accounts of hundreds of banks in Germany. If you are familiar with this option and can use it to make a payment from your bank account, then next time when you need to add funds into your Forex-Metal account simply choose Giropay in the payment options menu: https://forex-metal.com/fund_transactions/new

If you have any questions about this or any other deposit option, please do not hesitate to contact us at [email protected]
________________________________________

GET A 30% TRADING BONUS WHEN YOU OPEN A NEW ACCOUNT
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/discount06
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.

________________________________________

**Jeremiah** · 06-18-2011, 09:15

I've got a debit card from this broker - one of their promotion allows to get a free debit card issued by an offshore bank. IMO actually this broker can be trusted.

**Forex-Metal** · 06-20-2011, 18:26

IN THIS ISSUE:
1. Weekly market review from Forex-Metal.
2. Weekly technical analysis.
3. New deposit option added – Giropay
4. Free debit cards promotion is on again.
5. Get a 30% trading bonus when you open a new account.
6. Representatives Wanted!
________________________________________
WEEKLY REVIEW FOR 13 -17. 06, 2011

Two new earth-quakes were recorded in New-Zealand on Monday last week, which reduced the New-Zealand dollar rate against the greenback.
Last week financial problems of Greece reinforced their pressure on the euro. The S&P credit agency decreased the rating of Greece again. But the euro managed to keep strength against the US dollar. Market participants were watching closely the discussion of the EU and the IMF regarding the bailout package for Greece.
The USD/JPY pair grew to the Y80.69 level on Monday as the Japanese yen weakened over the speculations that the bank of Japan would introduce new measures to stimulate the Japanese economy.
The released on Tuesday economic statistics in China demonstrated industrial production growth (actual value of 13.3% growth against the 13.1% forecasted), which pressured the demand for the low-risk currencies and the high-yielding assets increased. As a result the EUR/USD reached the $1.4470 maximums.
According to the forecasts, the Bank of Japan left the principal rate unchanged at the previous level of 0.10%.
Wednesday saw a negative rally of the euro as a result of the uncertain situation with Greece and reinforced concerns that Greece would eventually go into default. European leaders could not agree on any specific decision regarding Greek debt crises and concluded to meet again on June 19-th. EU Financial Ministers will try to form an agreement on the bailout terms for Greece. Consequently the US dollar showed considerable growth against all major currencies. The released on the same day negative US fundamentals did not stop the greenback positive rally. As a result, the EUR/USD closed the trading day at the minimums of $1,4150 and the GBP/USD dropped to $1,6200.
The Reserve Bank of Australia Governor, Glenn Stevens, mentioned in his speech on Wednesday that the interest rate would be increased by the RBA soon. Therefore, the Australian dollar rate strengthened on Wednesday and kept the positive dynamics throughout the day.
According to the released information on Thursday, the Swiss National bank left the principal rate unchanged at the previous level of 0.25%. As a result, the Swiss frank strengthened.
The euro continued to drop during the morning trading on Thursday and reached its three-week lows of 1.4090 as markets continued to be concerned over the debt issues in Greece. But the statement of the ECB representative, Mr. Reine, supported the euro. He mentioned, that once Greece would reduce its budget expenses, the IMF and EC would allocate financial support to Greece. The pound dropped during the morning trading as well to the $1.6140 range. The publication of the UK statistics reinforced the pressure on the sterling. Retail sales dropped for 1.6% against the expected 0.6%.
The release of the negative US fundamentals pressured the greenback on Thursday. In particular, the Philadelphia Federal index dropped to the -7.7 level, while the forecasted level was at the 7.0 mark.
The EUR/USD managed to close the trading week at the $1,4300 maximums after the fact that German Chancellor, Angela Merkel, agreed to search for compromises with the ECB regarding the Greek issue.

Happy trading!
________________________________________
WEEKLY REVIEW FOR 20 -24. 06, 2011

EURUSD
The pair is aiming to support level at 1.41130. Lower is a strong support at 1.37441.
Resistance: 1.44835, 1.47697, 1.50676
Support: 1.41130, 1.37441, 1.33427

GBPUSD
The pair is trading between Moving Averages (200) 1.65379 and Moving Average (100) 1.59962.
Resistance: 1.64274, 1.68504, 1.72652
Support: 1.59962, 1.52523, 1.48532

USDCHF
The pair has declined to 0.82723. The pair may roll back to channel line at 0.85633.
Resistance: 0.85633, 0.88022, 0.91074
Support: 0.82723, 0.79957, 0.76882

USDJPY
The pair declined to 80.244. If this level is broken the pair may decline to the next support level at 76.535 but before that the channel line should be broken at 78.689.
Resistance: 80.244, 83.330, 86.836
Support: 76.535, 73.126, 69.117

AUDUSD
The pair has broken 1.05810 and aiming to 1.03847.
Resistance: 1.05810, 1.07806, 1.09604
Support: 1.03847, 1.01873, 1.00031

________________________________________
NEW DEPOSIT OPTION ADDED - GIROPAY

Customers from Germany can now make local payments when adding funds to the trading accounts using the new convenient payment option - Giropay.
Giropay allows quick easy payments between accounts of hundreds of banks in Germany. If you are familiar with this option and can use it to make a payment from your bank account, then next time when you need to add funds into your Forex-Metal account simply choose Giropay in the payment options menu: https://forex-metal.com/fund_transactions/new

If you have any questions about this or any other deposit option, please do not hesitate to contact us at [email protected]
________________________________________
GET A FREE ATM DEBIT CARD WITH EVERY NEW ACCOUNT
The debit cards promotion is on again! Open a new account today with a minimum balance of $500 to get a free debit card accepted in most ATMs around the world, with $100 cash on it! This is a limited time offer. For full conditions and to apply please click here:

https://forex-metal.com/home/cardspromotion.rhtml
________________________________________

GET A 30% TRADING BONUS WHEN YOU OPEN A NEW ACCOUNT
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/discount06
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** · 06-20-2011, 18:27

Forex-Metal, a leading online Forex and CFD market maker since 2007, has announced the addition of Giropay to the list of supported deposit methods. Giropay is a German payment system, based on online banking. It allows customers to make online payments using direct online transfers from their bank accounts. Easy-to-use and secure payment solution, Giropay is steadily gaining popularity among German bank account holders who prefer the convenience of home banking but do not want to use their credit cards for online payments.
The addition of Giropay payment solution will not only add more payment flexibility to Forex-Metal’s existing clients from Germany, but will overall make the broker’s services more accessible to German forex traders.
The list of all currently available deposit options can be viewed here https://forex-metal.com/fund_transactions/new
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 trading for various financial institutions and banks, Forex-Metal is recognized as one of the leading Forex and CFD brokers. The company is famous for its competitive forex trading conditions and outstanding customer service.
Facebook: http://www.facebook.com/ForexMetalBroker
Twitter: http://twitter.com/#!/ForexMetal

**Forex-Metal** · 06-27-2011, 17:26

IN THIS ISSUE:
1. Weekly market review from Forex-Metal.
2. Weekly technical analysis.
3. New! Keep your account balance in AUD.
4. Free debit cards promotion is on again.
5. Get a 30% trading bonus when you open a new account.
6. Representatives Wanted!
________________________________________
WEEKLY REVIEW FOR 20 -24. 06, 2011

As a result of the previous trading week, US dollar demonstrated a winning position. Nevertheless, a first few days were negative for the greenback.
The EU Finance Ministers meeting was held during the previous weekend. The fact that no agreement was formed over the bailout of Greece pressured the euro on Monday. The EUR/USD demonstrated a negative dynamics during the Asian and European trading sessions. Moody’s credit agency stated that the credit rating of Italy would be decreased, due to the released Italian GDP results. The EUR/USD dropped to its minimums of $1.4192. In addition, the released today German producer prices dropped to 6.1% against the forecasted 6.3%. The GBP.USD pair dropped to the lows of $1.6100 following the euro. But during the American session the trading dynamics changed. Since the decision regarding the Greek bailout would be positive, the euro started to strengthen based on the increased optimism of the market participants. The EUR/USD rehabilitated and reached the $1.43 mark, and the GBP/USD pair strengthened at the $1.6200 level.
Australian dollar decreased on Tuesday after the publication of the minutes of the last meeting of the Reserve Bank of Australia. RBA pointed out that its decision to keep the interest rate at the previous level was reasonable due to the uncertain situation with the European crises.
Released on the same day German ZEW survey turned to be -9 against the forecasted-3 level. The Euro-zone economic sentiment survey was at the -5.9 mark while the expected level was 6.1. As a result, the EUR/USD showed temporary minimums of $1.4315. Concerns over the situation in Greece weakened on Tuesday in anticipation of the vote of confidence for the Greek Prime Minister, Georgius Papandreu. But positive US statistics, which was released during the second part of the day, rendered support to the risky assets. The US existing home sales decreased only for 3.8% compared to the forecasted drop of 5.0%. Therefore, the EUR/USD managed to reach the $1.44 level, and the GBP/USD grew to the $1.6240 mark.
Wednesday saw a considerable decrease of the pound. The publication of the last minutes of the BoE meeting pressured the sterling. According to the released results of the votes, only two members voted for the increase of the principal rate and seven votes were in favour of leaving the principal rate unchanged. As a result, the GBP/USD pair dropped to the $1.6100 minimums.
The speech of the head of the FRS, Ben Bernanke, had a serious impact on the market dynamics on Wednesday. Ben Bernanke forecasted a gradual rehabilitation of the US economy. According to the released FOMC decision, the principal rate was left unchanged at the previous level of 0.25%. As a result, the EUR/USD decreased to the $1.4340 level, and the GBP/USD closed the day around the $1.6060 mark.
Euro was under pressure on Thursday in anticipation of the EC summit of the Euro-zone leaders in Brussels. Decreased Asian stock markets pressured the high-risk currencies. As a result, the EUR/USD pair decreased to $1.4300 range. EU leaders were holding a two-day summit to discuss Greece’s financing needs amid efforts by the nation to stay off default. Therefore, the greenback strengthened on Thursday as a save-heaven currency.
The release of the negative UK statistics pressured the pound on Thursday. CBI reported sales for June showed an unexpected drop to -2 level against the forecasted increase to 12 mark. The sterling followed the weakened euro dynamics. The GBP/USD rate decreased to $1.6015 minimums.
At the end of the week the US dollar continued to stabilize and the EUR/USD pair closed the week around the level of $1.44. The announcement of the reached agreement between the Government of Greece and the IMF regarding the 5-year plan of the external debt refinancing did not support the euro. The pound continued to drop and the GBP/USD pair closed the trading week at the low level of $1.5950. The USD/JPY traded in the range of Y80.00-Y80.80 during the whole week.

Happy trading!
________________________________________
WEEKLY REVIEW FOR 27.06 -1. 07, 2011

EURUSD
The pair is aiming to channel level at 1.41130. If this level is broken the pair will decline to 1.37441.
Resistance: 1.44835, 1.47697, 1.50676
Support: 1.41130, 1.37441, 1.33427

GBPUSD
The pair has broken 1.59962 and aiming to the Median line at 1.57391. If this level will be broken the pair will decline to 1.52523.
Resistance: 1.59962, 1.64274, 1.68504
Support: 1.52523, 1.48532, 1.43344

USDCHF
The pair has declined to 0.82723. The pair may roll back to channel line at 0.85633.
Resistance: 0.85633, 0.88022, 0.91074
Support: 0.82723, 0.79957, 0.76882

USDJPY
The pair has declined to 80.244. If the pair stays above this level the pair will rise to 83.330.
Resistance: 83.330, 86.836, 90.909
Support: 80.244, 76.535, 73.126

AUDUSD
The pair has broken 1.05810 and aiming to 1.03847.
Resistance: 1.05810, 1.07806, 1.09604
Support: 1.03847, 1.01873, 1.00031

________________________________________
TRADING ACCOUNT BALANCE CAN NOW BE HELD IN AUD CURRENCY!

We are happy to advice that you can now have your account balance and trade in AUD currency. If you trade many AUD crosses, keeping your balance in that currency will give you an extra flexibility.
Of course the account balance can be kept in most major currencies including USD, EUR, CHF, GBP, JPY and now AUD.
If you plan to open a new account in any other currencies except USD, please contact support for assistance. We hope that you will enjoy your trading experience with us.

________________________________________
GET A FREE ATM DEBIT CARD WITH EVERY NEW ACCOUNT
The debit cards promotion is on again! Open a new account today with a minimum balance of $500 to get a free debit card accepted in most ATMs around the world, with $100 cash on it! This is a limited time offer. For full conditions and to apply please click here:

https://forex-metal.com/home/cardspromotion.rhtml
________________________________________

GET A 30% TRADING BONUS WHEN YOU OPEN A NEW ACCOUNT
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/discount06
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** · 07-04-2011, 21:04

IN THIS ISSUE:
1. Weekly market review from Forex-Metal.
2. Weekly technical analysis.
3. Open account and download mobile trading apps from Facebook.
4. Affiliate commissions
5. Get a 30% trading bonus when you open a new account.
6. Representatives Wanted!
________________________________________
WEEKLY REVIEW FOR 27.06 - 1. 07, 2011

Previous trading week saw strengthening of the euro and other high-risk currencies. Monday, though, started with the drop of the euro due to the increased concerns over the European debt crises and expectations for the results of the Greek parliament voting for the project of the budget deficit reduction. The EUR/USD pair decreased to the minimums of $1,4100 mark. But the European trading session demonstrated rehabilitation of the euro to the $1.4200 mark. Market participants’ optimism was supported by the expectations that Greek Parliament would accept the rigid austerity plan, which would be necessary for the approval of the next bailout tranche from the IMF and the European Community.

According to the expectations, the released US statistics turned out to be weak on Monday. The US personal income, personal spending and the Dallas Federal manufacturing activity index (-17.4 against the forecasted -3.1) happened to be below expectations.

The EUR/USD pair demonstrated minimum of $1.4300 during the Asian trading session on Tuesday. Euro showed volatile trading during the European session in the threshold of the voting at the Greek parliament. Special measures for the reduction of the budget deficit would be accepted, aimed to avoid the default. Maximums were set at the $1.4335 level.
The sterling decreased as well and the GBP/USD dropped to $1.5960. The GBP/USD pair showed minimums at the $1.5912 range. On Tuesday the speculations regarding the longer period of the low interest rates in the UK pressured the sterling. The unexpected reduction of the UK GDP below forecasts rendered negative influence on the pound. In the uncertain European situation, the Swiss frank continued to play a role of the save-heaven currency.

During the second part of the day on Tuesday the EUR/USD pair gained back some of its previously lost positions and grew to the $1.4395 range. At the same time according to the released data, the US Consumer confidence index reduced to 58.5 level.

Euro showed consolidation on Wednesday, and the EUR/USD pair grew to its maximums of $1.4400 during the Asian trading session. Market participants were optimistic due to reinforced expectations that the Greek parliament would approve of the austerity measures for the national economy in order to receive the financial help and avoid the default. Some experts noted that the current euro stabilization was only temporary. According to the announcement, the Greek parliament supported the program of the austerity measures. The EUR/USD showed maximums at the $1.4450 level.

Sterling strengthened on Wednesday as well due to the Greek optimism and the GBP/USD pair reached the $1.6014 highs. But the negative movement of the pound followed the released weak UK statistics. The UK Net consumer credit turned out to be at the lower level than forecasted.

Against the background of the growing inflation in Europe, the expectations for the increased interest rate reinforced. As a result, the euro was supported on Thursday. Concerns over the Euro-zone debt crises weakened, and the EUR/USD managed to reach the $1.4500 maximums.
The European session demonstrated maximums of $1.4525. According to the published statistics, the Euro-zone consumer price index grew in June for 2.7%. The German unemployment rate decreased for 8K in June.

The GBP/USD pair showed maximums of $1.6110. After that the pound dropped against the US dollar since the speculations that Great Britain would support the politics of fighting the inflation and not increasing the interest rates. Therefore, the GBP/USD pair dropped for 100 points. Minimums were reached at the $1.5970 level on Thursday.

The greenback decreased in anticipation of the weak US fundamentals release on that day. Eventually the released US Initial jobless claims grew to 428K against the expected 420K. The Chicago Purchasing Manager index for June increased above forecasts.

As a safe-heaven currency, the Japanese yen demonstrated a very unconfident dynamics, since the high-yielding currencies were strengthening, and the USD/JPY pair traded around the Y81.00 level.

Happy trading!
________________________________________
WEEKLY REVIEW FOR 4.07 - 8.07, 2011

EURUSD
If the pair stays above 1.44835 the pair will rise to 1.47697. If the pair declines below 1.44835 the pair will decline to 1.41130.
Resistance: 1.44835, 1.47697, 1.50676
Support: 1.41130, 1.37441, 1.33427

GBPUSD
The pair is testing Moving Average (100) at 1.60498. If the pair stays above this level the pair will rise to 1.64274. If the pair declines 1.59962 the pair will decline to 1.57489.
Resistance: 1.64274, 1.68504, 1.72652
Support: 1.59962, 1.52523, 1.48532

USDCHF
The pair has declined to 0.82723. The pair may roll back to channel line at 0.85633.
Resistance: 0.85633, 0.88022, 0.91074
Support: 0.82723, 0.79957, 0.76882

USDJPY
The pair has declined to 80.244. If the pair stays above this level the pair will rise to 83.330.
Resistance: 83.330, 86.836, 90.909
Support: 80.244, 76.535, 73.126

AUDUSD
The pair has risen to 1.07806 and aiming to return to 1.05810.
Resistance: 1.07806, 1.09604, 1.11831
Support: 1.05810, 1.03847, 1.01873

________________________________________
OPEN ACCOUNT AND DOWNLOAD MOBILE TRADING APPS FROM FACEBOOK

Great news for our traders! Now you can open a new account, download free demo or install free iPhone and Android trading apps from our Facebook page.
Convenient, easy and fast. You can now do all these things while chatting to other traders or to our support via Facebook page.
Check out the new Open account and Mobile trading applications at
http://www.facebook.com/ForexMetalBr...pp_14167664298
And if you have any questions, feel free to send an inquiry form located on the same page

________________________________________
AFFILIATE COMMISSIONS

Affiliate commissions have been paid for the month of June.
To find out how you can earn commission for referring other customers to us please contact our support staff or visit
https://forex-metal.com/broker_inquiries/new
________________________________________

GET A 30% TRADING BONUS WHEN YOU OPEN A NEW ACCOUNT
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/discount06
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.

https://forex-metal.com/newsletters/230
https://forex-metal.com/newsletters/231
________________________________________

**Forex-Metal** · 07-18-2011, 18:35

IN THIS ISSUE:
1. Weekly market review from Forex-Metal.
2. Weekly technical analysis.
3. Trade forex with effective leverage of 1:1100.
4. Affiliate referral links for mobile devices.

5. Get a 30% trading bonus when you open a new account.
6. Representatives Wanted!
________________________________________
WEEKLY REVIEW FOR 11 - 15. 07, 2011

New wave of concerns over the possible debt crises of Italy and Ireland overwhelmed the market in the beginning of the previous week. Euro was under pressure on Monday, since concerns regarding possible spreading of the budget crises over Italy, worried investors, while decision about Greece was still not taken. According to the released information, the ECB was looking for possible ways to increase the financial support volume, including the potential help for Italy. The EUR/USD pair dropped to $1.4130 minimums on that day. Eventually the EUR/USD dropped for 200 points to minimums of $1.4000. And the GBP/USD decreased to $1.5900 range.
Save-heaven currencies strengthened on Monday and the greenback grew against its major currencies. Non-farm payroll data from the US was much weaker today than estimated, and the unemployment figure increased to 9.2%.
The EUR/USD dropped to minimums of $1.3830 during the morning trading on Tuesday. The meeting of the EU Finance Ministers did not bring any concrete solutions to the debt-problems of Greece, Italy and Spain. It has been addressed that the selective default of Greece would be inevitable. The pound followed the euro drop, but was also influenced by the release of the negative UK fundamentals. UK Consumer price indices dropped below expectations, the Retail price indices decreased against the forecasts as well. The GBP/USD pair decreased to $1.5775 range.

According to the announced information on Tuesday, the Bank of Japan left the principal rate unchanged at the previous level of 0.10%.

By the end of the trading day the EUR/USD managed to rehabilitate and closed the day a little below the $1.400 level. Additional pressure was experienced by euro after the announcement that Moody’s reduced the credit rating of Ireland. The sterling grew as well and the GBP/USD managed to close above the $1.5900.

On Wednesday’s sessions we saw strengthening of the EURO against USD on the background of rising stock markets and revival in demand for high-risk assets. Also, today’s investors were satisfied after the publication of unexpectedly strong macro-economic data from China. The EUR/USD traded in the range of $1.3960-$1.4030 during the Asian session. European session showed some volatility and the pair has reached its highs at $1.4110, but after retreated to its lows at $1.4070.
Dollar dropped sharply after Fed Chairman Bernanke indicated that the FRS was ready to take additional incentives, including the launch of another round of government bonds redemption, if the outlook for the economy shows a risk of a new recession.
The YEN confirmed stabilization against the major currencies on the backdrop of speculation about possible intervention by Japan for supporting national exporters. USD/JPY pair has tested sessions’ lows of Y79.20/15, then rebounded to Y79.35.
The Australian dollar rose as a result of the increasing Asian stock markets after the release of positive macroeconomic data from China and continued growing against USD.
The pressure on the euro on Thursday was caused by the decision of the international rating agency Fitch Ratings to downgrade the credit rating of Greece for CCC from B +. Fitch was also reviewing the possibility of further credit rating lowering. During the Asian session the EUR/USD pair established its maximum at $1.4285 and then declined. During the European session after the publication of the Euro-Zone Consumer Price Index for June, whose rate has been increased by 0.1% to 1.6%, the euro was forced to recover from its lows at $1.4155 to its highs at $1.4196.
The New-Zealand dollar was supported by the released statistics which showed the GDP growth above expectations (+0.8% quarterly against the forecasted +0.5%). As a result, the speculations that the Reserve Bank of New-Zealand would increase the interest rate this year, reinforced.
The EUR/USD pair closed the week at the $1.4150 maximums, and the GBP/USD reached the $1.6150 range after the reinforced possibility that the international rating agencies Moody's and Standard&Poor’s would downgrade U.S. credit rating.

Happy trading!
________________________________________
WEEKLY REVIEW FOR 18- 22.07, 2011

EURUSD
The pair couldn’t stay above 1.44835 and declining to the channel line at 1.41130. If this level is broken the pair will decline to Moving Averages (100 and 200) at 1.37441.
Resistance: 1.44835, 1.47697, 1.50676
Support: 1.41130, 1.37441, 1.33427

GBPUSD
The pair is trading around support 1.59962. If the pair stays below this level, the pair will decline to 1.57233.
Resistance: 1.64274, 1.68504, 1.72652
Support: 1.59962, 1.52523, 1.48532

USDCHF
The pair has broken 0.82723 and aiming to 0.79957.
Resistance: 0.82723, 0.85633, 0.88022
Support: 0.79957, 0.76882, 0.73183

USDJPY
The pair has broken 80.244 and aiming to 76.535.
Resistance: 80.244, 83.330, 86.836
Support: 76.535, 73.126, 69,117

AUDUSD
The pair is trading below 1.07806, this may bring pair to test channel line at 1.03847.
Resistance: 1.07806, 1.09604, 1.11831
Support: 1.05810, 1.03847, 1.01873

________________________________________
TRADE FOREX WITH EFFECTIVE LEVERAGE OF 1:1000

Did you know that you can have a trading leverage of up to 1:1100 when you trade forex at Forex Metal? The Change Leverage feature inside the trader's room on our site allows traders to choose any trading leverage they like from the available scale, where 1:50 is a minimum and 1:1100 is a maximum possible leverage. Of course high leverage may also mean higher trading risk, so if you haven't used this feature yet, please use responsibly.
This feature is only available on the real trading accounts through the trader's room facility. It is not available on demo accounts, where the maximum possible leverage still remains only 1:500.

Don't have a trading account yet? You can open one here http://assets.forex-metal.com/home/land/3/ and take advantage of all great features we offer to our traders.

________________________________________
AFFILIATE REFERRAL LINKS FOR MOBILE DEVICES
Our affiliate partners can now target a growing army of potential customers who use iPhone, iPad, android and other mobile devices. New special mobile referral links are available inside each affiliate profile in the Banners section.
If you haven’t got the affiliate profile yet you can set up one inside your "trader's room" account.
If you are a developer designing new apps for iPhone or android or have access to such apps, you can easily add these new mobile links to the mobile applications and refer more people.
More information on how to use the new mobile referral links can be obtained from your Affiliate account manager or via [email protected] .
________________________________________

GET A 30% TRADING BONUS WHEN YOU OPEN A NEW ACCOUNT
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/discount07
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.

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

https://forex-metal.com/newsletters/234

https://forex-metal.com/newsletters/235

**EU_TRADER** · 07-21-2011, 04:34

did anyone try this broker?

**Forex-Metal** · 07-25-2011, 20:17

IN THIS ISSUE:
1. Weekly market review from Forex-Metal.
2. Trade forex with effective leverage of 1:1100.
3. Introducing free forex news and education portal.
4. Get a 30% trading bonus when you open a new account.
5. Representatives Wanted!
________________________________________
WEEKLY REVIEW FOR 18 - 22. 07, 2011

The beginning of the previous week saw strengthening of the greenback. The dollar rose on Monday as risk aversion grew following the increased Euro-zone debt fears. Uncertainty over the ongoing crisis of Greece, concerns about the banking system in the EU and fresh doubts about Italy's solvency resulted in increased safe-heaven buying. Market participants were also concerned over the discussions regarding the increase of the US National debt level. Technical default of the US economy became possible.
Euro started the week by showing losses against major currencies on concerns about the fact that European leaders were unable to agree on measures aimed at stopping the further spread of the debt crisis in the EU. Next summit of the European leaders was scheduled for July 21, which was the main reason of investors’ unconfident behaviour on Monday. The EUR /USD pair hit its minimums of $ 1.4010. During the European trading session the euro managed to rehabilitate to $1.4050.
The yen was stabilizing as a save-heaven as well. The USDF/JPY traded in the range of Y78.90-Y79.20. Swiss franc continued to strengthen against major currencies against the backdrop of increased demand for the currency with the status of save-heaven.
On the same day gold prices renewed its historical maximums of $1.603.80 per ounce.
On Tuesday the euro remained under pressure. The financial stability of the region was the main issue of the European leaders summit, planned for July 21meeting. But during the European session amid speculation that European officials were close to agreement, Euro strengthened against the dollar and Swiss Franc. The EUR /USD pair dropped to the area of $1.4091. During the early European session the pair began to recover, overcame $1.4200 and showed highs at $1.4220.
The Canadian dollar fell against the backdrop of weakening global stock markets as a result of the falling commodity prices, including oil. The Bank of Canada left the principal rate unchanged at the previous level of 1.00%.
The dollar strengthened during the Asian session on Wednesday against the euro and the pound after the announcement that U.S. President Barack Obama has reached an agreement with a group of six senators over the plan of substantial government spending reductions, primarily for social purposes, and raising of the tax bar. However, during the European session dollar reached a one week low against the euro in anticipation for the agreement between the European on solutions to the debt crisis.
During the European session Euro rose against the USD due to the increased investors’ optimism regarding achieving of the possible agreement over the Spanish and Italian debt. The EUR/USD pair showed its lows at $1.4130 and then began to recover and reached the $1.4200 mark.
Released Minutes of the Meeting of the Bank of England read that the majority of the members believed tightening of monetary policy in the short term was less likely. Before the publication the GBP fell to the lows of $1.6070. But as a result of the released meeting minutes, the GBP/USD pair rose sharply, reaching the $1.6150 highs.
The Canadian dollar rose on Wednesday to its highest level since May 2 against the U.S. dollar against the optimistic expectations on the eve of Thursday’s EU summit. This has led to increased demand for high-risk currencies. The Canadian dollar was also supporting by yesterday's comments of the Bank of Canada Governor, Mark Carney, who suggested a likely increase in interest rates in September.
The euro rose for a third day against the dollar after German Chancellor Angela Merkel and French President Nicolas Sarkozy agreed on a solution for the debt problems in Greece. Details of arrangements would be announced on the same day at the summit of EU leaders with the main topic of the financial stability in the region. During the European session Euro fell against the dollar after European officials made ??it clear that Greece could face a default on government bonds. Euro retreated on concerns about the fact that the summit would not be able to control the spread of the debt crisis in Greece to other countries in the region. The EUR/USD pair grew and reached the $1.4271 mark, came close to $1.4298, but wasn’t able to overcome this level, which provoked a correction to the lows at $1.4139. Later, pair recovered to $1.4190.
Greenback decreased after the administration of U.S. President Obama has made it clear that to take short-term increase in U.S. debt limit was possible only if it would be combined with the agreement of reducing the deficit.
The Japanese yen rose after published news from the Ministry of Finance of Japan. The positive balance of trade at ¥70.737 billion ($897 million) in June, exceeded the average of analysts’ forecasts. The USD/JPY pair fell to the range of ??Y78.60, but later recovered. Tested and retreated to Y79.00-Y78.80.
Euro reached a 2-week peak against the dollar amid speculation that the European financial stability mechanism (EFSF) would finance the Greek bonds. The U.S. dollar fell against major currencies against the background of the negotiations regarding the increasing U.S. national debt. Moreover, on Thursday, the rating agency S & P affirms a 50% risk reduction of U.S. debt in three months. The Australian dollar recovered and showed strong growth. Canadian dollar continued to grow after the Bank of Canada statement on the possibility of raising interest rates.
As a result, the EUR/USD managed to grow to $1.4350 maximums by the end of the week. The GBP/USD pair reached the $1.6300 mark, and the USD/JPY pair decreased below the Y78.50 level.
Happy trading!
Technical analysis would not be available from today 25/07/11 and will resume on 08/08/11. We regret the inconvenience it may cause to any of our customers.
________________________________________
TRADE FOREX WITH EFFECTIVE LEVERAGE OF 1:1000

Did you know that you can have a trading leverage of up to 1:1100 when you trade forex at Forex Metal? The Change Leverage feature inside the trader's room on our site allows traders to choose any trading leverage they like from the available scale, where 1:50 is a minimum and 1:1100 is a maximum possible leverage. Of course high leverage may also mean higher trading risk, so if you haven't used this feature yet, please use responsibly.
This feature is only available on the real trading accounts through the trader's room facility. It is not available on demo accounts, where the maximum possible leverage still remains only 1:500.

Don't have a trading account yet? You can open one here http://assets.forex-metal.com/home/land/3/ and take advantage of all great features we offer to our traders.

________________________________________

GET A 30% TRADING BONUS WHEN YOU OPEN A NEW ACCOUNT
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/discount07
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.

https://forex-metal.com/newsletters/236

**Forex-Metal** · 07-25-2011, 20:20

Forex-Metal, a leading online Forex and CFD market maker, is happy to offer its affiliates a chance to profit from the groundbreaking innovation in the forex affiliate market: affiliate links, optimized for mobile devices. “We are very excited to offer better solutions to those affiliates who have websites, adapted for mobile access. This is also a great opportunity for mobile application developers to monetize their traffic by adding a second stream of income. This is a win-win marketing solution and we have already received a tremendous response from mobile developers”, says Maritza Garcia, Forex-Metal Marketing Department Manager.
With a wealth of helpful features, many commission options to choose from ($5 for every account opened by a referred person, 10% for each deposit made by a referred person, and/or 1 pip per lot for each lot traded by referred customer plus a revenue share), a second tier commission on each of the commission options, ability to promote each option individually or at the same time, and a personal affiliate manager, assigned to each affiliate, Forex-Metal affiliate program is definitely the best affiliate program to choose.
To learn more about Forex-Metal affiliate Program, please visit https://forex-metal.com/affiliate_settings/signup

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 trading for various financial institutions and banks, Forex-Metal is recognized as one of the leading Forex and CFD brokers. The company is famous for its competitive forex trading conditions and outstanding customer service.
Facebook: http://www.facebook.com/ForexMetalBroker
Twitter: http://twitter.com/#!/ForexMetal

**annaj** · 07-26-2011, 03:32

Originally Posted by EU_TRADER

did anyone try this broker?

I trade with them (6mo+) and can recommend them as a good and reliable broker. Very personal and friendly support staff.

**Forex-Metal** · 08-01-2011, 14:17

IN THIS ISSUE:
1. Weekly market review from Forex-Metal.
2. Download a free Pip Value calculator for iPhone.
3. Introducing free forex news and education portal.
4. Get a 30% trading bonus when you open a new account.
5. Representatives Wanted!
________________________________________
WEEKLY REVIEW FOR 25 - 29. 07, 2011

The previous week started with the new wave of the euro weakness. Euro fell on Monday after the announcement that the rating agency Moody's reduced the Greece credit rating to Ca from Caa1. On the same day the US dollar updated a historical minimum against Swiss franc after the released information, that U.S. Senate on Friday failed to adopt a plan of the Republican Party, called the «Cut, Cap, and Balance».
On Monday the head of the Central bank of Japan, Shirakawa, said that growth in the yen may have a negative impact on the economy, pressuring corporate profits and sentiment.
The USD/JPY pair started the session in the range of Y78.20 - Y78.60 and could not overcome it.

Canadian dollar rose as investors sought save-heaven amid concerns about possible default of the United States. Support for the Canadian dollar was also derived from the speculations regarding the possible increase of the interest rates one more time this year. Swiss Frank strengthened as a save-haven asset as well. Also on this background, the Japanese yen is supported against the major currencies, including the U.S. dollar.
On Tuesday the EUR/USD pair grew to the $1.4480 maximums during the Asian trading session. Euro set new maximum during the European session at the $1.4520 mark. Sterling followed the euro, and the GBP/USD pair grew to the level of $1.6340 during the Asian session. The released UK GDP showed unexpected growth, which rendered support to the sterling.
Greenback renewed its historical minimum against the Swiss franc on the same day after the statement of Barak Obama regarding the increasing concerns that the growing national debt would reinforce the default of the US.
The dollar was trading at its lows against major currencies on Wednesday ahead of the vote in the U.S. on improving the dept situation. Dollar fell to record lows against the Australian and New Zealand currencies, as Barack Obama continued to lead the fight in Congress regarding the approval of a plan to raise debt limit and reduce the deficit. Greenback was also pressured after the release of the durable goods orders report, which has been published in the afternoon. Orders unexpectedly fell in June by 2.1%, while analysts forecast a rise of 0.5%.
The sterling fell after a disappointing factory orders report from the Confederation of British Industry on Wednesday, which showed that the volume of orders in July fell by 10% after rising for 1% in June. The GBP/USD pair traded in the range of $1.6401 - $1.6436. After the weak CBI report the pound retreated to lows below the $1.6400 mark, continued moving to the lows of $1.6356 range.
On the same day the gold price renewed its historical maximum at the level of $1.628.80 ounce. The desire of investors to maintain their status by investing in gold was due to continuing concerns regarding the U.S. decision to raise the debt limit from the current $ 14.3 trillion.
Another downgrade of Greece rating caused serious pressure on the euro on Thursday. The rating agency S&P downgraded the rating of Greece to 'CC' from 'CCC' with negative outlook on Wednesday. The rating is now on the same level with a rating from Moody's. (It should be mentioned that the Fitch agency had downgraded Greece's rating from B + to CCC). The EUR/USD pair traded in the $1.4331-$1.4382 range. Its maximums were set during the European session at the $1.4400 mark.

The New Zealand dollar continued its trading at the previously reached maximum levels against the US dollar after the RBNZ has left official interest rates unchanged at the 2.50% on Wednesday.
Greenback was falling against the major currencies due to the events in the U.S. Congress, where Democratic and Republican parties continued to seek compromise on increasing the limit of public debt. EUR/USD continued to trade near the resistance level at $1.4320.
The released on Friday US economic statistics happened to be much weaker than expectations. The US GDP and the University of Michigan confidence indicator were below forecasts. As a result, the EUR/USD managed to grow and reach the $1,4380 mark.

Happy trading!

Technical analysis would not be available from today 25/07/11 and will resume on 08/08/11. We regret the inconvenience it may cause to any of our customers.
________________________________________
DOWNLOAD A FREE PIP VALUE CALCULATOR FOR IPHONE
Pip Value Calculator

This free application allows traders to calculate the value of one pip for most currency pairs.
A very important practical tool for all traders.

No matter how big or small the trade is the Forex Pip Value Calculator will tell you the precise value of one pip in USD. Simply click on the link below to download the free app.

Download at www.pipvaluecalculator.com or look up at Apple iTunes store.

________________________________________

GET A 30% TRADING BONUS WHEN YOU OPEN A NEW ACCOUNT
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/discount08
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.

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

**Forex-Metal** · 08-01-2011, 14:29

Get $20 Instant Cash Bonus with New Account!

Real Time Tight Spreads Starting from 1 pip
No-requotes, No Dealing Desk Forex Trading
50+ Forex pairs, 1:500 leverage
24 Hour Dedicated Support Staff
Free News, Charts & Education Material
Get 30% first deposit bonus

https://forex-metal.com/discount/no_deposit_bonus

**Forex-Metal** · 08-08-2011, 21:45

IN THIS ISSUE:
1. Weekly market review from Forex-Metal.
2. Weekly technical analysis.

3. Download a free Pip Value calculator for iPhone.
4. Get a 30% trading bonus when you open a new account.
5. Representatives Wanted!
________________________________________
WEEKLY REVIEW FOR 1 - 5. 08, 2011

The previous week has been marked as a very volatile one for the major currency pairs.
On Monday the EUR/USD pair reached maximums of $1.4420 level during the Asian trading session. Published on that day German PMI was below its forecasts (factual 52.0 against the forecasted 52.1). The Euro-zone unemployment stayed at the previous level of 9.9%, which did not have any impact on the trading dynamics. The GBP/USD tested the $1.6390 minimums after the release of the weak UK statistics. The UK PMI for July turned out to be below expectations.
It was announced that the leaders of the US Democratic and Republican parties agreed on the reduction of the national debt. The level of the government debt would be increased for $2.1 trillion.
On Monday the greenback hit its record-breaking minimum against the yen, and reached the Y76,30 level. At the same time the US Dollar renewed its historical minimum against the Swiss franc as well. The greenback dropped against the Swiss franc to the 0,7730 mark.
The euro fell against major currencies on Tuesday amid rising yields on government bonds in Italy, which increased fears of further spread of the debt crisis in the EU against the background of slowing global economic growth. The EUR/USD pair continued to fall from the $1.4280 area and showed the session lows at $1.4150. The released on that day Euro-zone Producer price index dropped from 6.2% to the expected level of 5.9%, which reinforced market confidence that the ECB would leave the interest rate unchanged at the meeting on Thursday.

The demand for the US dollar on Tuesday was limited on concerns that the agreement between the US President Obama and Congress leaders to increase the national debt ceiling and to reduce expenses would result in the slowing down of the economic rehabilitation rate. House of Representatives approved a project to raise debt limit by at least $ 2.1 trillion and to cut expenses from the budget for $2.4 trillion.

The yen retreated on Tuesday, due to speculations that Japanese authorities intervene in currency markets. The USD/JPY tested the Y77.15 level, then recovered to Y77.36 during the European session.

It should be mentioned that Australian dollar decreased after RBA meeting results, when the interest rate was left unchanged at the previous level of 4.75%.
During the American trading session the euro reached its 11-months low against the US dollar level on concerns that slowing U.S. economy would negatively affect the economies of other countries. The Swiss franc rewrote the historical maximum against the greenback again. The released strong statistical data supported the national currency.
During the Asian trading session on Wednesday the EUR/USD pair initially dropped to $1.4142, and then recovered the levels at $1.4274. At the same time the UK Purchasing Manager index showed a much stronger result, compared to the forecasts (55.4 against the expected 53.2). Therefore, the sterling received support. The GBP/USD pair demonstrated lows around $1.6245 before recovering to $1.6365 and hitting maximums at of ?$1.6400.

The main event of the European session on Thursday was the announcement of the Central Bank about leaving the interest rate unchanged at 1.50%. However, since this decision was expected by the market, this announcement did not have any impact on the trading dynamics of the euro.
During the Asian session the EUR/USD pair straightened and reached the $1.4346 level. During the European session, though, downtrend had resumed and the pair declined to $1.4246 and continued to fall to $1.4228 area.

Rising dollar was restrained in advance of the data publication on the labour market situation. It was expected that US government report would confirm that unemployment rate would exceed the 9%.
The Bank of England left its interest rates unchanged at 0.5% and similar to the euro this announcement did not have any effect on the sterling trading. During both trading sessions the GBP/USD pair traded in range of $1.6250 - $1.6430.

On Thursday, the yen fell significantly against major currencies after the Japanese government for the first time since March had intervened in foreign exchange markets to weaken the national currency. The yen fell more than 3,5%, which was the maximum daily decline since March and rallied rapidly to reach its peak at Y80.00 against the US Dollar.

The Canadian dollar fell to its lowest level in 5 weeks against the U.S. dollar on the background of a significant decline in oil prices, the main component of Canada's exports. Oil fell to $86.31 per barrel. While gold prices fell within 2 hours from peaks at $1685 to the lows of $1642.30 per ounce.

On Friday the euro and the sterling managed to rehabilitate and win back previously lost positions. The EUR/USD closed the week at the $1,4280 level and the GBP/USD almost reached the $1,6400 maximums. The US change in non-farm payrolls turned out to be above expectations, and the US unemployment rate decreased, which supported the high-risk assets.

Happy trading!

________________________________________

WEEKLY REVIEW FOR 8 -12. 08, 2011

EURUSD
The pair couldn’t stay above 1.44835 and declining to the channel line at 1.41130. If this level is broken the pair will decline to Moving Averages (100 and 200) at 1.37441.
Resistance: 1.44835, 1.47697, 1.50676
Support: 1.41130, 1.37441, 1.33427

GBPUSD
The pair has risen to median line and Moving Average (200). The pair may roll back to 1.61154 before breaking the level.
Resistance: 1.64274, 1.68504, 1.72652
Support: 1.59962, 1.52523, 1.48532

USDCHF
The pair has broken 0.76882 and aiming to 0.73183.
Resistance: 0.76882, 0.79957, 0.82723
Support: 0.73183, 0.69837, 0.66177

USDJPY
The pair has broken 80.244 and aiming to 76.535.
Resistance: 80.244, 83.330, 86.836
Support: 76.535, 73.126, 69,117

AUDUSD
The pair has current support at 1.03847. The next level is at 1.01873.
Resistance: 1.05810, 1.07806, 1.09604, 1.11831
Support: 1.03847, 1.01873, 1.00031

________________________________________
DOWNLOAD A FREE PIP VALUE CALCULATOR FOR IPHONE
Pip Value Calculator

This free application allows traders to calculate the value of one pip for most currency pairs.
A very important practical tool for all traders.

No matter how big or small the trade is the Forex Pip Value Calculator will tell you the precise value of one pip in USD. Simply click on the link below to download the free app.

Download at www.pipvaluecalculator.com or look up at Apple iTunes store.

________________________________________

GET A 30% TRADING BONUS WHEN YOU OPEN A NEW ACCOUNT
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/discount08
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** · 08-16-2011, 08:03

IN THIS ISSUE:
1. Weekly market review from Forex-Metal.
2. Weekly technical analysis.

3. Download a free Pip Value calculator for iPhone.
4. Get a 30% trading bonus when you open a new account.
5. Representatives Wanted!
________________________________________
WEEKLY REVIEW FOR 8 - 12. 08, 2011

Previous trading week showed very volatile dynamics. The announcements that the international rating agency Standard & Poor's downgraded the credit rating of the United States on Friday and that the S & P agency maintained a "negative" outlook for the U.S. economy and forecasted that the rating could be downgraded to AA from AA + had a very strong influence on the markets on Monday. As a result, the greenback retreated to a record-breaking lows against the franc and reduced against the yen.
The yen was rising against the other currencies on the background of falling stock markets in Asia. The USD/JPY pair was trading in the range of Y77.70 – Y77.90.
The dollar declined against the euro on Tuesday amid speculations that the FRS would report its plans for a new round of quantitative easing. As a save-heaven currency, the yen rose against the major currencies on concerns about the slowing economic growth in the U.S. and on the EU debt crisis. The USD/JPY showed minimums around the Y77.00 level.
Dollar managed to show some strengthening on Wednesday after the results of the FOMC meeting, where the interest rates were left unchanged at the 0% - 0.25% range. The EUR/USD pair decreased to $1.4350 mark. Later on the EUR/USD dropped to minimums of $1.4200. Sterling followed the euro and the GBP/USD pair dropped to $1.6230. The head of the Bank of England, Mervin King, mentioned that the UK economic weakness would continue to be for a long period of time. The pound almost hit minimums of $1.6100.
The dollar retreated against major currencies amid growing futures on major US stock indices on Thursday. Risk appetites dropped.
Concerns about the fact that the Swiss National Bank would "substantially increase" liquidity reserves and increase deposits in order to prevent the national currency’s growth, caused increased pressure on the Swiss franc during both Asian and European sessions.
After the publication of the unemployment rate report in Australia, which showed increase to the level of 5.1% in July versus the June level and expectations for 4.9%, the Australian Dollar fell against the US Dollar and the New Zealand dollar.
At the end of the week investors’ willingness to take risks grew, and the EUR/USD pair stabilized at the $1.42 level. The GBP/USD almost reached the $1.6300 maximums.

Happy trading!

________________________________________

WEEKLY REVIEW FOR 15 -19. 08, 2011

EURUSD
The pair couldn’t stay above 1.44835 and declining to the channel line at 1.41130. If this level is broken the pair will decline to Moving Averages (100 and 200) at 1.37441.
Resistance: 1.44835, 1.47697, 1.50676
Support: 1.41130, 1.37441, 1.33427

GBPUSD
The pair has tested Moving Average (200) and rolling back to 1.61154.
Resistance: 1.64274, 1.68504, 1.72652
Support: 1.59962, 1.52523, 1.48532

USDCHF
The pair has declined to channel line and rolled back to 0.79957.
Resistance: 0.79957, 0.82723, 0.85633
Support: 0.76882, 0.73183, 0.69837

USDJPY
The pair has declined to channel line and rolled back to 0.79957.
Resistance: 0.79957, 0.82723, 0.85633
Support: 0.76882, 0.73183, 0.69837

AUDUSD
If the pair breaks support 1.03847 the pair will decline to 1.01873.
Resistance: 1.05810, 1.07806, 1.09604
Support: 1.03847, 1.01873, 1.00031

________________________________________
DOWNLOAD A FREE PIP VALUE CALCULATOR FOR IPHONE
Pip Value Calculator

This free application allows traders to calculate the value of one pip for most currency pairs.
A very important practical tool for all traders.

No matter how big or small the trade is the Forex Pip Value Calculator will tell you the precise value of one pip in USD. Simply click on the link below to download the free app.

Download at www.pipvaluecalculator.com or look up at Apple iTunes store.

________________________________________

GET A 30% TRADING BONUS WHEN YOU OPEN A NEW ACCOUNT
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/discount08
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.

https://forex-metal.com/newsletters/240

https://forex-metal.com/newsletters/239
________________________________________

**Forex-Metal** · 09-06-2011, 07:59

IN THIS ISSUE:
1. Weekly market review from Forex-Metal.
2. Weekly technical analysis.

3. Receive free forex news on your mobile device.
4. Get a 30% trading bonus when you open a new account.
5. Representatives Wanted!
________________________________________
WEEKLY REVIEW FOR 29.08 - 2. 09, 2011

After the diverse trading dynamics, by the end of the previous week the greenback reinstated its safe-haven status.
The dollar is finishing the current month with the maximal growth since May: in August, the dollar rose 1.2% against a basket of currencies and returned to the status of “safe-haven” currency. On Monday the greenback lost its positions against high-yielding currencies (Euro, Pound, Australian and New Zealand dollars), but strengthened against other currencies with the same “safe-haven” status (the Yen and the Franc). EUR/USD traded from its lows at $1.4463 up to its highs at $1.4550. The pair stepped back from the maximums after statistics that showed the slowdown in inflation in some parts of Germany.
The GBP/USD rose from $ 1.6341 and showed its session highs at $ 1.6412. Then, the pair was trading near the $1.6400 zone.
In the meantime the Swiss franc fell against the major currencies on the background of the strengthening of the major fund indices of the world markets. During the Asian session the Franc was trading for less than 0.8100. And the Australian dollar rose against the major currencies on the backdrop of the increasing demand for high-yielding currencies as well as in connection with the expectations of the data on building permits (due on Tuesday).
On Tuesday the EUR/USD pair showed its session highs at $1.4532, but couldn't keep above this level and sharply fell to $1.4383. The euro decreased against the other major currencies as well on the background of reduced expectations of the further interest rates increase by the ECB.
The overall release of the European news was rather negative. Italian Retail sales dropped considerably, the Euro-zone Business climate, economic and industrial confidence indicators decreased below expectations.
Tuesday for the US dollar was a very ”good” day. In the view of European news the greenback seemed to many investors as the only alternative for preservation of their assets.
The Frank and the Yen, which also have safe-haven currency status, in the conditions of world instability, are under pressure now, since the governments of these countries continue to hold in control an increase in the national currencies after their significant rise in price.
After testing the $1.6418 level during that day, the GBP/USD pair fell to its lows of $1.6277 area. The pressure on the pound was a result of the published Great Britain Consumer confidence survey, which dropped below the previous month’s level and its expectations as well.
During the Asian session on Wednesday the Euro remained under pressure before the publication of the report on unemployment in the EC. The EUR/USD pair showed session highs at $1.4468, but returned at the $1.4435 zone. The pressure on the Euro increased after the published statistics, which recorded growth of unemployment in the EC in July to a level of 10.0% compared to the previous 9.9%. As a result, the EUR/USD pair dropped to its minimums of $1.4416 during the European trading session. Concerns over slowing down of the economic growth in the Euro zone supported the demand for the safe assets, like the US dollar.

Concerns over the spreading of the debt crisis in the EC and decreased demand for high-yield assets pressured the euro, which reached a two-week low against the US dollar at the $1.4262 area today. We should note, that the pressure on the Euro was increased even more after the message of the Greek Parliament Budget Committee saying that the debt situation in Greece was out of control regardless of the planned measures. Published weak statistics had additional negative influence on the euro: German GDP recorded a small growth only by 0.1% in comparison with +1.3% in the previous period and the EC PMI index report fell below the forecast of 49.7 and was 49.0.
The United States dollar increased against a basket of major currencies after the Institute for supply management (ISM manufacturing) provided data on the growing manufacturing activity index in August (factual level of 50.6 exceeded its predicted rate of 48.0). By the end of the trading week the demand for the save-haven assets increased and the US dollar strengthened.

Happy trading!

________________________________________

WEEKLY REVIEW FOR 5 - 9. 09, 2011

EURUSD
The pair has declined to Fibonacci retracement 23% at 1.41130. If this level is broken the pair will decline to 1.38751.
Resistance: 1.41130, 1.44835, 1.47697
Support: 1.37441, 1.33427, 1.28800

GBPUSD
The pair is under pressure of median line, Moving Average and Fibonacci 38.2%. 1.65784. Support will be met at 1.60852 and 1.59962.
Resistance: 1.64274, 1.68504, 1.72652
Support: 1.59962, 1.52523, 1.48532

USDCHF
The pair couldn’t break Fibonacci 23% and continues declining. The pair is aiming to 0.76882.
Resistance: 0.79957, 0.82723, 0.85633
Support: 0.76882, 0.73183, 0.69837

USDJPY
The pair has declined to 76.535. If this level is broken the pair will decline to 73.126.
Resistance: 80.244, 83.330, 86.836
Support: 76.535, 73.126, 69,117

AUDUSD
The pair is under resistance 1.05810. If the stays above this level the pair will rise to 1.07806. If the pair declines below 1.05810 the pair will decline to 1.03847.
Resistance: 1.05810, 1.07806, 1.09604
Support: 1.03847, 1.01873, 1.00031

________________________________________
INTRODUCING OUR NEW MOBILE NEWSFEED : FXNEWS.MOBI

Simply bookmark this site on your iphone, ipad or other mobile device and receive daily news in mobile format. fxnews.mobi.

________________________________________

GET A 30% TRADING BONUS WHEN YOU OPEN A NEW ACCOUNT
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/discount09
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.

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

https://forex-metal.com/newsletters/241

https://forex-metal.com/newsletters/242

**Forex-Metal** · 09-06-2011, 08:04

Get $20 Instant Cash Bonus with New Account!

Forex traders, rejoice! Forex-Metal, a leading online Forex and CFD market maker, has announced an exciting new bonus: a totally free $20 on your new live account. Traders interested in claiming the bonus simply need to sign up for a new account by filling out the Account Opening Form at http://assets.forex-metal.com/home/land/3 (copies of ID and utility bill are required) and email the Payments department at [email protected] to request the bonus. Funds (including the no deposit bonus and any profits made) may be withdrawn from the account providing that the customer completed a minimum number of trades required under the bonus conditions during one calendar month from the time the bonus has been received.
This is a great opportunity for traders to test their trading skills, get some forex trading experience and make money without any initial investment while enjoying full benefits of Forex-Metal’s state-of-art Metatrader 4 platform, very competitive low spreads starting from 1 pip, zero commission, instant execution of orders, no-swap and Islamic accounts, ability to trade all instruments from a single account and much more.
Learn more about this and other bonuses available by visiting https://forex-metal.com/discount/no_deposit_bonus

**Forex-Metal** · 09-19-2011, 19:28

IN THIS ISSUE:
1. Weekly market review from Forex-Metal.
2. Weekly technical analysis.
3. New Payment Options Available.
4. Get a 30% trading bonus when you open a new account.
5. Representatives Wanted!
________________________________________
WEEKLY REVIEW FOR 12.09 - 16. 09, 2011

During the previous trading week the US dollar managed to strengthen against its major competitors. During the Monday’s Asian trading session the Euro fell to its lowest level since 2010 against the yen and retreated against the US Dollar on speculation that German Chancellor Angela Merkel prepared to default Greece. This fact tells about reducing the attractiveness of European assets. As a result, the EUR/USD pair fell to its lows at $1.3494 area. Later on, during the European session amid rumours of approval for the next tranche of financial help for Greece, the Euro raised to the its daily highs at $1.36942 zone.
On Monday, on the background of the falling Asian Stock Markets and tendency of getting rid of risky assets, the investors decided to "escape" into the “safe haven” Yen. The USD/JPY pair dropped to its daily lows of Y76.7550 and traded in this area during the Asian trading session. Then, during European session the Yen recovered and showed its high at Y77.384 zone.
The American trading session was quite volatile on Monday because of the absence of any important announcements and news. Initially, the Euro and The British Pound stepped back from their highs against the background of concern about lowering the credit rating of several European banks. In contrast, the discussions about the China’s help for Italy supported these currencies to recover against the dollar.
The Euro was trading near its maximums during the Asian session on Tuesday. Further strengthening of Euro currency was constrained by fears concerning the further spreading out of the debt crisis in the region. As a result, at the beginning of the European session the EUR/USD pair renewed its decrease and fell to its second day low at $1.3557. In contrast, the discussions about the China’s help for Italy supported Euro currency to recover against the dollar and strengthen to its daily highs at $1.3737 area.
The GBP/USD pair remained in the range of $1.5828 - $1.5868 during the Asian trading session on the same day. Later on the speech of one of Bank of England representative, Mr. Posen, had put a negative effect on the dynamics of GBP trading and prevented it from growing over its previous session high. He stated that the Bank of England must make a decision about the new 50- billion purchase of the assets within the next three months. The pair started to fall and showed its daily low at $1.5760. The British pound was prevented from moving even lower by the reports of Retail Price Index, which was more or less concurrent with the forecasts. After this UK Inflation data the British Pound showed a slight increase and strengthened against the US Dollar.
During the Asian session on Wednesday the euro lost all its previously won positions. The pressure on the Euro was continued due to concerns regarding spreading of the debt crisis in the region. We also need to mention that Morgan Stanley lowered their forecasts on the EUR/USD pair. They expected to see the pair at the level of $1.30 toward the end of 2011 year and at the level of $1.25 in the first quarter of 2012. Also, according to the published statistics, which showed the decrease in Industrial Production in the EU in July didn’t remain unnoticed and had a bad effect on the trading dynamics of the Euro currency. However, during the European session the Euro strengthened against major currencies amid falling yields of Italian and Spanish bonds, which indicated a decrease in concerns about the situation in the region. The EUR/USD pair traded in the range $1.35914 to $1.3783.

On Thursday the Euro lost part of the won yesterday positions against major currencies during the Asian session and traded in the range of $1.3701 - $1.3750 against the US Dollar. However during the European session the currency strengthened against the backdrop of comments by French President Nicolas Sarkozy and German Chancellor Angela Merkel, who expressed their confidence that Greece would remain in the EC. In addition to that, the positive Euro dynamics was supported by the results of the Spain Government Bonds sale. For these reasons, the EUR/USD raised to its session maximums at $1.3910 area.
Swiss franc retreated against the euro on the same day after the SNB has expressed readiness to take additional measures to limit the strengthening of the national currency. At the end of the meeting, the SNB left a 3- month LIBOR rate at the fixed range of 0.00-0.25%, which corresponded with expectations.

The most important news of this session were reports of the 5 main central banks, in particular: ECB, the FRS, Swiss National Bank, Bank of Japan and Bank of England which confirm that dollar liquidity would be provided by their coordinated actions, as an attempt to boost liquidity across the Euro-zone. On the background of these news, the greenback dropped against its competitors. The EUR/USD pair showed its daily high at $1.3930 and the GBP/USD recorded the level of $1.5867.

Happy trading!

________________________________________

WEEKLY REVIEW FOR 19 - 23. 09, 2011
EURUSD
The pair is aiming to Fibonacci level 38% at 1.30370. It will be possible only if the pair stays below 1.37441.
Resistance: 1.37441, 1.41130, 1.44835
Support: 1.33427, 1.28800, 1.25667

GBPUSD
The pair is aiming to Fibonacci 23%. 1.53419.
Resistance: 1.59962, 1.64274, 1.68504
Support: 1.52523, 1.48532, 1.43344

USDCHF
The pair is aiming to Moving Average (100) at 0.95470.
Resistance: 0.91074, 0.93264, 0.96597
Support: 0.88022, 0.85633, 0.82723

USDJPY
If the pair stays above 76.535 the pair may rise to 80.244.
Resistance: 80.244, 83.330, 86.836
Support: 76.535, 73.126, 69,117

AUDUSD
The pair is aiming to decline to 1.01873.
Resistance: 1.03847, 1.05810, 1.07806
Support: 1.01873, 1.00031, 0.97889

________________________________________
NEW PAYMENT OPTIONS AVAILABLE

We are happy to inform you that we have added many new local payment options covering most of the European countries as well as Australia and Singapore.
'Online Bank Transfer (Most European countries),
'Direct Debit / ELV' (Germany)
'Sofortueberweisung' (Germany, Austria, UK)
'eNets'(Singapore)
'Nordea Solo (Sweden)',
'Nordea Solo (Finland)'
'iDeal', (Netherlands)
'EPS (Netpay)'
'Poli',(Australia)
'All Polish Banks',
'ePay.bg' (Bulgaria),
'mBank (mTransfer) (Poland)',
'PeKaO S.A. (Poland)'
If you live in one of these countries you can now use your favorite local option to pay by credit card or bank transfer when depositing funds into your account. Simply choose the option you like in our deposit form menu and follow the instructions to make the payment.
If you have any questions please do not hesitate to contact us at [email protected] .
________________________________________

GET A 30% TRADING BONUS WHEN YOU OPEN A NEW ACCOUNT
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/discount09
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** · 09-26-2011, 21:06

IN THIS ISSUE:
1. Weekly market review from Forex-Metal.
2. Weekly technical analysis.
3. Get a new 35% bonus on your first deposit.
4. Get a 30% trading bonus when you open a new account.
5. Representatives Wanted!
________________________________________
WEEKLY REVIEW FOR 19.09 - 23. 09, 2011

The previous trading week demonstrated how the major fundamental releases supported the US dollar, which strengthened against its major competitors.
The Euro started this week with the losses against the greenback, since European leaders could not come to a mutual decision on how to stop spreading of the debt crises in the EU. Investors were very negative towards the euro, and the EUR/USD showed minimums below the $1.3600. The pair traded in the range of $1.3586-$1.3720 during Monday. Meanwhile the dollar strengthened against the main currencies against the background of the world major stock markets drop, which lead to the increased demand for the safe heaven currencies.
The sterling renewed its yearly minimum around the $1.5630 on that day. Later on the GBP/USD managed to rehabilitate and reach the $1.5725 range.
American session demonstrated a change in the trading dynamics on Monday. Greenback started to weaken against the major competitors. The new stage of the negotiations between the representatives of Greece, Euro-zone, IMF and the ECB has been called “efficient”. A new spin of optimism pushed euro to its temporary maximum of $1.3700, and the pound strengthened above the $1.5700.
Due to the fact that the S&P rating agency downgraded Italy's credit rating (from ?+/?-1+ to ?/?-1) and decreased its forecast to negative on Tuesday, the Euro began this trading day with substantial losses against the US Dollar. During the Asian trading session the EUR/USD pair fell below the $1.36 level, yet didn’t decrease further from this point and even set its session’s maximums above the $1.3670 zone. Later on, against the background of the raising European stock market, and, subsequently, the US Dollar decrease, the Euro currency strengthened towards the $1.3750 area and recorded its daily highs at $1.3744. Also, the support for the Euro came after the publication of the Economic Sentiment Index from the German Institute ZEW, which in September decreased to the level -43.3 versus forecasted -45.
After the publication of the Australian Reserve Bank’s Board of September Minutes, where is was mentioned that the Reserve Bank of Australia was not going to lower the discount rate, the Australian dollar strengthened substantially against the major currencies.
Against the backdrop of unjustified speculations relative to the fact that NBS would undertake actions to return its national currency to the 1.25 level against the Euro, the Swiss Franc dropped against all major currencies on Tuesday.
According to the released FOMC decision, the rate was left at the previous level of 0.25%. Following this publication, the greenback strengthened against the euro and the pound. The EUR/USD reached the $1.3700 mark, and the GBP/USD reached the $1.5600 mark. The decision of the FOMC Committee revealed that the FRS was not going to start the QE program. Instead, the FOMC announced the ”Twist" operation, when the long-term Treasury bonds for amount of $ 400 billion were supposed to be bought by the end of June 2012 with the following sale of the short-term Treasury bonds for the same amount. As a consequence, the dollar strengthened against all major currencies and brought down all its pairs AUD/USD, EUR/USD, GBP/USD to their annual lows.

But during the American trading session the Euro managed to rehabilitate and the EUR/USD pair returned to the $1,3550 mark. The news that the EC would speed up the recapitalization of the 16 European banks supported the euro.
The Japanese yen traded in the range of Y77.00 - Y76.00 by the end of week.

Happy trading!

________________________________________

WEEKLY REVIEW FOR 26 - 30. 09, 2011

EURUSD
The pair is aiming to Fibonacci level 38% at 1.30370.
Resistance: 1.37441, 1.41130, 1.44835
Support: 1.33427, 1.28800, 1.25667

GBPUSD
The pair is aiming to Fibonacci 23%. 1.53419.
Resistance: 1.59962, 1.64274, 1.68504
Support: 1.52523, 1.48532, 1.43344

USDCHF
The pair is aiming to Moving Average (100) at 0.95470.
Resistance: 0.91074, 0.93264, 0.96597
Support: 0.88022, 0.85633, 0.82723

USDJPY
The pair has declined to support level at 76.535 and if the pair stays below this level the pair will decline to 73.126.
Resistance: 80.244, 83.330, 86.836
Support: 76.535, 73.126, 69,117

AUDUSD
The pair has declined to the Moving Average (100) at 0.97417. If the pair stays below this level the pair will decline to the next Moving Average (200) at 0.91278.
Resistance: 0.97889, 1.00031, 1.01873
Support: 0.94417, 0.89581, 0.85561

________________________________________
GET UP TO $15,000 BONUS WHEN YOU FUND YOUR TRADING ACCOUNT.

A new bonus promotion has started. if you are just about to fund your trading account for a first time you may be eligible for a 35% bonus or maximum of $15,000. The full bonus conditions are available at https://forex-metal.com/discount/bonus35.
If you would like to take advantage of this new promotion please contact our support team at [email protected] .
Don't have an account yet? Maybe it is time to open one? Open the new trading account here https://forex-metal.com/accounts/new_2 to be eligible for this and other great promotions.
________________________________________

NEW PAYMENT OPTIONS AVAILABLE

We are happy to inform you that we have added many new local payment options covering most of the European countries as well as Australia and Singapore.
'Online Bank Transfer (Most European countries), 'Direct Debit / ELV' (Germany)
'Sofortueberweisung' (Germany, Austria, UK)
'eNets'(Singapore), 'Nordea Solo (Sweden)',
'Nordea Solo (Finland)', 'iDeal', (Netherlands)
'EPS (Netpay)', 'Poli',(Australia)
'All Polish Banks', 'ePay.bg' (Bulgaria),
'mBank (mTransfer) (Poland)', 'PeKaO S.A. (Poland)'
If you live in one of these countries you can now use your favorite local option to pay by credit card or bank transfer when depositing funds into your account. Simply choose the option you like in our deposit form menu and follow the instructions to make the payment.

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.

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

**Forex-Metal** · 10-03-2011, 22:04

IN THIS ISSUE:
1. Weekly market review from Forex-Metal.
2. Weekly technical analysis.
3. Local deposit options available for Europe, Australia and Singapore.
4. Get a 35% trading bonus when you open a new account.
5. Contact us via Yahoo Messenger.
6. Representatives Wanted!
________________________________________
WEEKLY REVIEW FOR 26 - 30. 09, 2011
Europe and its debt problems were keeping everyone under pressure last trading week. The G20 meeting, that took place in Washington previous weekend, did not bring any stability to the market, since no decision has been agreed upon regarding the crises. The Euro reacted with a decrease against the competitors. Problems in Greece continued to pressure the euro. And according to the released information, the IMF was considering writing off 50% of the Greek debt. As a result, the EUR/USD pair dropped to the $1,3370 minimums. During the European trading session on Monday the release of the positive economic indicators supported the euro and the EUR/USD grew to the $1.3542 region. The German Business climate IFO indicator turned out to be above expectations. By the end of the day the euro strengthened at the level of $1,3530, and the sterling reached the $1,5560 level.
The results of the meeting of the German Chancellor Angela Merkel and the Prime Minister of Greece George Popandrey rendered substantial support to the euro and increased investors’ willingness to take risks. Angela Merkel confirmed that Greece was considered to be the integral part of the Euro-zone and that Germany would offer all the necessary support to Greece. At the same time the decision on ECB interest rates has not been agreed upon yet, which pressured the euro.
Optimistic moods supported the risky assets during the American trading session. By the end of the trading day the Euro managed to win back its previously lost positions against the greenback and the EUR/USD pair grew to the $1,3580 level. The sterling strengthened as well, and the GBP/USD increased to the $1,5640 level at the end of the day, while its maximum has been reached at the $1,5700 mark.

The Asian trading session demonstrated drop of the euro against the US dollar on Wednesday. During the European trading session the EUR/USD pair showed temporary maximum at the $1.3690 level, and then stepped back to the $1,3640 range. The discussions over the increase of the European financial stability fund supported the euro today. Germany was supposed to make a final decision this Thursday (the fund will be increased only if all the 17 countries participants’ would agree upon this increase).
During the American trading session market participants tried to get rid of the risky assets, and the EUR/USD decreased to the $1,3540 level, and the GBP/USD dropped to $1,5600. Concerns over the situation in Greece reinforced, and the major stock US indices decreased. According to the released information, the ECB would not increase the interest rates during its meeting planned for the October 6-th.
During the Asian trading session on Thursday the Euro won back its yesterday's losses against the US Dollar and the Japanese Yen. The currency was rising on the background of the voting held in Germany regarding the expansion of EFSF (European Financial Stability Fund). Since the start of the Asian trading the UER/USD pair had increased significantly and showed its session highs around the $1.3678 area. The pair dropped after the report of the results of the auction of government bonds in Italy. The EUR/USD was forced to decrease to $1.3604 level.
The USD/JPY pair traded in the narrow trading price range. The demand for the currency with “safe haven” status had been reduced because of the rising European stock market and the U.S. indices’ futures. As a result, during the European trading session the Yen weakened and the pair set its high at 77.01 mark against the US Dollar. The USD/JPY pair could not climb higher than that level and stepped back to Y76.61 zone.
The beginning of the American session was accompanied by the increase in the Euro, which reached weekly maximum against the dollar after the EFSF expansion approval by the House of Commons of Germany. Pound grew after the statement of the representative of the SNB said that the Bank planning an increase of the portion of investments into the pound.
After the credit rating was reduced in New-Zealand, the national currency dropped as well.

By the end of the week the EUR/USD was at the $1,3400 level and the GBP/USD closed the week at the $1,5580 mark.
________________________________________
WEEKLY TECHNICAL ANALYSIS FOR 03 - 07. 10, 2011

EURUSD
The pair is aiming to Fibonacci level 38% at 1.30370.
Resistance: 1.37441, 1.41130, 1.44835
Support: 1.33427, 1.28800, 1.25667

GBPUSD
The pair has reached Fibonacci 23%. 1.53419 and rolled back. The pair may try to return to 1.53419.
Resistance: 1.59962, 1.64274, 1.68504
Support: 1.52523, 1.48532, 1.43344

USDCHF
The pair is aiming to Moving Average (100) at 0.95470.
Resistance: 0.91074, 0.93264, 0.96597
Support: 0.88022, 0.85633, 0.82723

USDJPY
The pair has declined to support level at 76.535 and if the pair stays below this level the pair will decline to 73.126.
Resistance: 80.244, 83.330, 86.836
Support: 76.535, 73.126, 69,117

AUDUSD
The pair has broken Moving Average (100) at 0.97417 and aiming to the next Moving Average (200) at 0.91278.
Resistance: 0.97889, 1.00031, 1.01873
Support: 0.94417, 0.89581, 0.85561

LOCAL DEPOSIT OPTIONS AVAILABLE FOR EUROPE, AUSTRALIA AND SINGAPORE.

We are happy to inform you that we have added many new local payment options covering most of the European countries as well as Australia and Singapore.
'Online Bank Transfer (Most European countries),
'Direct Debit / ELV' (Germany)
'Sofortueberweisung' (Germany, Austria, UK)
'eNets'(Singapore)
'Nordea Solo (Sweden)',
'Nordea Solo (Finland)'
'iDeal', (Netherlands)
'EPS (Netpay)'
'Poli',(Australia)
'All Polish Banks',
'ePay.bg' (Bulgaria),
'mBank (mTransfer) (Poland)',
'PeKaO S.A. (Poland)'
If you live in one of these countries you can now use your favorite local option to pay by credit card or bank transfer when depositing funds into your account. Simply choose the option you like in our deposit form menu and follow the instructions to make the payment.
If you have any questions please do not hesitate to contact us at [email protected]

CONTACT US VIA YAHOO MESSENGER.
A new support channel has been added for your convenience - via Yahoo Messenger, in addition to the regular phone, live chat, Skype and ICQ support channels.
If using Yahoo Messenger is more convenient for you, you can now reach us at [email protected] . Look forward to hear from you.

________________________________________
GET A 35% TRADING BONUS WHEN YOU OPEN A NEW ACCOUNT.
A new bonus promotion has started. If you are just about to fund your trading account for a first time you may be eligible for a 35% bonus or maximum of $15,000. The full bonus conditions are available at https://forex-metal.com/discount/bonus35.
If you would like to take advantage of this new promotion please contact our support team at [email protected] .

Don't have an account yet? Maybe it is time to open one?
Open the new trading account here https://forex-metal.com/accounts/new_2 to be eligible for this and other great promotions.
. 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.

________________________________________

Thread: Forex Metal Reliable Online Broker!

Thread Tools

Search Thread

Forex Metal Newsletter

Re: Forex Metal Reliable Online Broker!

Forex Metal Weekly Newsletter

Forex-Metal Now Accepts Giropay Deposits

Forex Metal Weekly Newsletter

Forex Metal Weekly Newsletter

Forex Metal Weekly Newsletter

Re: Forex Metal Reliable Online Broker!

Forex Metal Weekly Newsletter

Forex-Metal Introduces Affiliate Links, Optimized for Mobile Devices

Re: Forex Metal Reliable Online Broker!

Forex Metal Weekly Newsletter

New bonuses from Forex-Metal.com!

Forex Metal Weekly Newsletter

Forex Metal Weekly Newsletter

Forex Metal Weekly Newsletter

Forex-Metal Announces $20 No-Deposit Bonus

Forex Metal Weekly Newsletter

Forex Metal Weekly Newsletter

Forex Metal Weekly Newsletter

Tags for this Thread

Bookmarks

Bookmarks

Posting Permissions