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Welcome to the FXReturn.com New York Market Call for November 18th.,2011. DOW: 50 minutes into the open of Wall Street Trading the Dow is off the best levels of the session, but still in positive territory. Consecutive closes below the 10 day average which resides at 11,970 will keep the bearish temperment of the market intact with 11,520 as the next downside objective. A recovery, however, of the 11,970 level will spark a rally into overhead resistance at 12,284. Stochastics are recognizing a negative crossover formation suggesting more downside price activity is on the horizon | EUR/USD: Trading mid-range in New York as the market encounters resistance at the 10 day average which resides at 1.3600. Consecutive closes below the 10 day average ...

Gold and silver took a dive and along with other commodities, precious metals sharply declined yesterday; by doing so, the rally of gold during November was erased in a single day. This fall may have been stem from the recent news from Fitch rating that U.S. banks are exposed to European debt and may be negatively affected by it. The Philly Fed slow down probably didn't help as well. Today, the Canadian Core CPI will be published.

For the complete daily gold price forecast for November 18th see here in Trading NRG

Forex Trades 11/18 - US session - by [URL="www.forexticket.us"]Forex ticket[/URL] (ex [URL="http://www.mataf.net"]mataf.net[/URL])
[b][img]http://www.forexticket.us/images/_V3img/fleches/flat_arrow_16.png[/img] [url="http://www.forexticket.us/en/forex/eurusd"]EUR/USD - Euro / US Dollar[/url][/b]
[b]Resistances[/b]: 1.3725 - 1.3665 - 1.362
[b]Supports[/b]: 1.342 - 1.347 - 1.355

[b][img]http://www.forexticket.us/images/_V3img/fleches/down_arrow_16.png[/img] [url="http://www.forexticket.us/en/forex/usdjpy"]USD/JPY - US Dollar / Yen[/url][/b]
[b]Entry[/b]: 76.65
[b]Stop[/b]: 76.8
[b]Resistances[/b]: 77.05 - 76.9 - 76.75
[b]Supports[/b]: 76.15 - 76.4 - 76.6

[b][img]http://www.forexticket.us/images/_V3img/fleches/flat_arrow_16.png[/img] ...