Fundamental Analysis - June 3, 2010

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.