Thread: Daily market update

The Asian markets were in a state of uncertainty today. Because of the weak Yen the Japanese stocks rebound.

The USD/JPY consolidates and recoups its losses. The pair is aiming to reach the session high at 84.00.

The European markets opened lower today based on sovereign debts problems predominated over other issues.

The Oil falls and reaches record lows because of markets fears about European debts. The worries regarding Europe's economy situation are still very powerful.

The US dollar grew against its main rivals after Barack Obama decided to prolong tax cuts policy. The base metals rose on this event on expectations that this tax cuts measures will create a demand for the metals.

The government of Japan has announced that Japanese economy remains the second biggest world economy after the US.

The Euro consolidates against the US dollar and recovers from its low levels of this week. Currently the Eur/Usd is trading near 1.3300 area.

During Asian session British pound rebounds and goes back to levels above 1.5800. But currently GBP/USD has a bearish trend and it's necessary to watch the support level for further decisions.

After reaching the high level at 84.40, the USD/JPY returned and was fixing below 84.00.

The EUR/USD still follows downside. The pair is under bearish pressure because of the European debts situation and conflict in Korea.

The USD/JPY reaches a new daily low level at 83.64. And before the new session opening the pair remains to trade in downward.

The GBP consolidated across the trading sessions today but after lost some of gains. Just before the US session opening the GBP/USD is trading next to 1.5550.

The demand of oils has been supported by a dangerous situation with weather in USA and Europe. Today in the morning the oil contracts were traded at $89.20 per a barrel.

The Eur/Usd started this trading day by reaching low levels below 1.3100 area. If the pair continues to drop the next support lies at 1.3055, if the pair bounces and rises the next resistance is at 1.3150.

The Euro loses positions against the JPY because of still uncertain situation with European countries debts.

The USD/JPY is lower today. The USD lost gains against the JPY and reaches new lows. The pair is trading below 83.00.

The GBP/USD is approaching new session lows below the level of 1.5400.

The demand for oil rises and the prices return above $90. At this point the price finished yesterday's trading.

The Eur/Usd is consolidating little by little and approaching a new high level around the area of 1.2950.
Gold together with main metals were supported by positive Euro movements today. Based on Euro recovery the principal metals turn to its upside. The interest for safe-haven assets is still very high.
Because of the weak US dollar, the oil contacts were higher today.
At the beginning of the day USD/JPY was up and first demonstrated stable rising but then dropped below its support level at 83.00.
The GBP/USD turned to upward today regaining after Monday's losses and reaching a new high level. Currently the pair is trading next to 1.5570 area.

The Euro started this week at lower points as it was during the last week. The Euro dropped against the principal currencies. The Eur/Usd fell below 1.3320. Currently the pair consolidated after today's losses and is trading above 1.3300.

Due to European countries fears and uncertain situation, the gold was lower today in the morning. This trend has been fixed before the summit of Eurozone Ministers.

The GBP/USD skyrockets and reaches new high next to 1.5930. After a while during the day, the pair bounced and currently is quoted near 1.5905.

Today the USD/JPY demonstrates downside and fixing its positions below 83.00 by reaching los session levels.