Friday, June 4, 2010

EUR / USD: Bearish. Target of 1.211 and 1.183. Resistance 1.245.
USD / JPY: NEUTRAL. Support 89.0. 93.0 Resistance.
GBP / USD: Bearish. Target of 1.444 and 1.423. Resistance 1.488.
USD / CHF: Bullish. Target of 1.174. Support 1.477.
AUD / USD: Bearish. Target of 0.828 and 0.82. Support 0.807. Resistance 0.855.
USD / CAD: Bullish. Target of retrace 1.025. Resistance 1.057 and 1.085.
EUR / CHF: Bearish. Target 1.4. Resistance 1.418.
EUR / GBP: Bearish. Target of 0.824. Resistance 0.848.
EUR / JPY: Bearish. Support 111.0 and 108.8. Resistance 115.5.

Thursday, June 3, 2010

EUR / USD tersupport in the Asian session this afternoon and continue to crawl up to the level of 1.23. Investors optimistic again today and opt out of the USD and the Yen as a safe-haven status. 1.236 will be a resistance level at the moment and if it pierced the 1.25 will return as the next target. Support at 1.21 level.
AUD / USD moves up further, touching the 0.848 level. Action buying AUD / JPY back to bloom occurs, along with the rising Asian stocks. The Nikkei rose 3% while other exchanges varied between 0.5% to 2%. Resistance at 0.855 level which is the highest point on May 25 yesterday.

AUD / USD moves up to around 0.845 this morning. Australia's trade data showed a surplus of A $ 134 million and is far better than predicted. AUD / JPY hit by action of buying and impact on the rising AUD / USD. The next resistance at 0.848 level.
EUR / USD: Bearish. Target of 1.211 and 1.183. Resistance 1.245.
USD / JPY: Bearish. Support 90.5 and 90.0. 93.0 Resistance.
GBP / USD: Bearish. Target of 1.444 and 1.437. Resistance 1.488.
USD / CHF: Bullish. Target of 1.174. Support 1.145.
AUD / USD: Bearish. Target of 0.82 and 0.807. Resistance 0.855.
USD / CAD: Bullish. Target of 1.057 and 1.085. Support 1.041 and 1.025.
EUR / CHF: NEUTRAL. Support 1.411 and 1.4. Resistance 1.431 and 1.436.
EUR / GBP: Bearish. Target of 0.824. Resistance 0.848.
EUR / JPY: Bearish. Target 109.8 and 108.8. Resistance 113.7.

Asia Session
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6:50 pm --- --- Japan --- Capital Spending This data will give an indication of Japan's economic health. Predicted, the business sector expenditures will decrease 9.5% compared to the previous quarter. If released better than these numbers, will benefit the yen, because expenditure larger companies will improve market conditions, including employee payroll.

8:30 AM Trade Balance --- Australia --- --- Australia's trade deficit is predicted to shrink sharply to -770 million AUD only, compared to last month amounted to -2.08 billion AUD.

European Session
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13:00 pm --- English --- --- HPI Nationwide UK house prices showed a convincing improvement. This month's data is predicted to rise by 0.5%. Although not as big as previous months, but a positive number will give a good signal for the British economy.

15:30 pm --- English --- --- After Services PMI fell in two consecutive months, the European retail sales data expected to be increased slightly, to about 55.6.

16:00 pm --- --- Europe --- Retail Sales Retail sales stagnate Europe last month, this time to predict the data will tend to stagnate or show a thin 0.1% increase. If the released negative, it will put pressure for the euro.

American session
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19:15 pm --- --- U.S. ADP Non-Farm Employment Change --- Along with the increase of jobs in America, then the total labor force is also expected to increase by 56 000. If the release is higher, it will be beneficial to USD.

19:30 pm --- --- United States --- unemployment Claims In two weeks prior, unemployment claims are always higher than expectations. This time, the data is predicted to drop to 451 000, but if the release was higher than predicted, it will have negative impact on CAD.

21:00 pm --- --- America --- ISM Non-Manufacturing Survey at 400 This manager will provide a picture of U.S. economic health. After rising in recent months, this time data is also predicted to continue rising. If released at the top will be good for EUR 55.9.

22:15 pm --- --- America --- President of the Fed's Bernanke's speech, Ben Bernanke, will be the speakers at the event Financial Needs of Small Businesses, Federal Reserve Bank of Chicago, Detroit. Optimistic statements that will support the USD.

23:15 pm --- --- American Speech Boston Fed President Rosengren --- will bring a speech titled "The Federal Reserve's Response to the Financial Crisis" at New England Financial Executives Conference, in Springfield.

Wednesday, June 2, 2010


AUD / USD tersupport to a level of 0.835 this morning. Nikkei rise, and some Asian stock markets made AUD tersupport. However, news that Prudential cancel the offer for the AIA will be a little burdensome AUD. Resistance at 0.838 and 0.844 if pierced by the level will be the next target.
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