Fundamental Analysis - June 1, 2010

Asia Session

---------------------------------------------

8:00 pm --- --- China --- Manufacturing PMI PMI data of China is stable at 55 for two months earlier, the data today are expected to slightly decrease to 54.8. If released better than predicted, will affect the global market.

8:30 pm --- Australia --- Building Approvals --- After a sharp increase from -3.3% to 15.3% last month, predicted an early time data will be re-corrected. If released on top of -4.9%, it will be good for the AUD.

8:30 AM Retail Sales --- --- Australia --- Australia's economic strength is likely to continue. Estimated retail sales again rose $ 0.4, is relatively similar to last month.

11:30 pm --- --- Australia --- Cash Rate The interest rate is predicted to remain at the level of 4.5% after the second consecutive month increased 25 basis points. If there is an increase again, it will be profitable AUD.

11:30 pm --- Australia --- --- RBA RBA Rate Statement will give their views about the Australian economy and also the possibility that monetary policy will be applied. Optimistic statement that will benefit the AUD.

European Session

---------------------------------------------

13:00 pm --- Europe --- Germany --- Retail Sales After two consecutive months of negative release, retail sales data in Germany is predicted to be positive this month. This month's data is predicted to rise 0.8% but keep in mind that the condition of Europe today is still not convincing. There is potential for communities still berwaspada of expenditure, as shown similar data last month.

14:55 pm --- Europe --- Germany --- Change unemployment data indicate a significant decrease in the last two months. This month, the number is predicted to remain down, but not significant as last month. Shrinking consumer confidence will affect the labor sector. Data which is lower than predicted, will benefit the Euro.

15:30 pm UK --- --- --- Manufacturing PMI data this month is still relatively the same predicted the preceding months in the range of 57-58. Still the lack of significant things that trigger optimism index for the manufacturing sector makes a relatively stagnant. If released over GBP 57.8 it will be profitable.

16:00 pm --- Europe --- --- Unemployment Rate European unemployment is predicted to return increased to 10.1% in line with the poor condition of the European zone countries in recent years. If released to rise, perhaps even above 10.1%, the Euro will be under pressure.

American session

---------------------------------------------

20:00 pm --- Canada --- --- BoC Interest Rate Decision in a few weeks this is predicted to rise 25 basis points, from 0.25% to 0.5%. Rate hike would be good for CAD. However, there is speculation that rising interest rates will occur on July 20, not today. If so, then the CAD would be depressed.

20:00 pm --- Canada --- --- Bank of China Governor BoC Rate Statement will explain the reasons underlying the interest rate decision, an optimistic statement will provide support for CAD.

21:00 pm --- America --- --- ISM Manufacturing PMI PMI data continued to show improvement during the last two months. This time data is predicted will be slightly corrected, to about 59.3. If released better than predicted, will benefit the U.S. dollar.