Forex-Metal Daily Analysis -27/01/2012

The U.S. dollar was traded lower against almost all of its major competitors.

Asian and European trading sessions:

Euro: During the Asian trading session the EUR/USD pair traded in range $1.3094-$1.3132. Although, the Euro recorded today its new monthly high of $1.3182 during the European session, its growth was limited. The confidence of market participants that Greece government and private lenders will not be able to reach an agreement on Greek debt was pressuring the Euro currency. The EUR/USD retreated to $1.3150 level.
US Dollar: The U.S. dollar was traded lower against almost all of its major competitors during both sessions on the background of yesterday’s decision of FOMC regarding the interest rate. The committee decided to leave the interest rate unchanged at 0, 25% value and stated that this rate is going to be kept till 2014 year.
British Pound: The GBP / USD traded today positively showing its growth to $ 1.5716.
Japanese Yen: The USD / JPY pair continued it’s down trade which was started yesterday and dropped to Y77.40 level at the European trading session.

American trading session:

Oil: Today, the March’s WTI (Light Sweet Crude Oil) futures grew to 101.32 dollars per barrel and closed at $99.84 mark.
Gold: The February gold futures on the COMEX rose today to the 1719.20 dollars per ounce.
Canadian dollar: For the first time since November, the Canadian dollar strengthened to parity with the U.S. dollar.
New Zealand dollar: Even though, the New Zealand country’s central bank left its key interest rate at record low, the New Zealand dollar continued its four-day up trend.