Jun 2, 2011

Forex Crunch EUR/USD June 2 – Breaks Resistance On Fresh Hopes for Greece

Forex Crunch EUR/USD June 2 – Breaks Resistance On Fresh Hopes for Greece

EUR/USD June 2 – Breaks Resistance On Fresh Hopes for Greece

Posted: 02 Jun 2011 02:45 AM PDT

EUR/USD got a blow as Greek debt was “junked” by Moody’s. It is now recovering on thin volume as tension mounts towards the Non-Farm Payrolls. The successful Spanish auction and fresh hopes send it towards resistance. Here's a quick update on technicals, fundamentals and what's going on in the markets. EUR/USD Technicals Asian session: The

GBP/USD Recovers in Range as Construction PMI Doesn’t Disappoint

Posted: 02 Jun 2011 01:36 AM PDT

The construction sector in the UK continues to grow, and at a slightly higher pace than last month. Manufacturing PMI scored 54 points, a bit better than 53.7 that was expected and above 53.3 seen last month. GBP/USD bounces off support and rises cautiously within range. GBP/USD is currently at 1.6340, up from 1.6320 before

The impregnable Swiss franc

Posted: 02 Jun 2011 01:06 AM PDT

Festering doubts concerning the strength of the recovery in major advanced economies such as the US, Japan and the UK are contributing to further strength in the impregnable Swiss franc. Indeed, the Swiss economy continues to deliver positive surprises, as was reaffirmed yesterday. The latest SVME PMI was much stronger than expected last month at

Forex Daily Outlook – June 2 2011

Posted: 01 Jun 2011 03:00 PM PDT

Factory orders in the US and Jean-Claude Trichet speech are the major market-movers. Let see what awaits us today. In the US, Factory orders, measuring the long-lasting orders in the manufacturing level and affects the inflation negative forecast for the USD is expected now with-0.3%. Later in the US, Initial Unemployment Claims, a weekly report

GBP/JPY and EUR/USD Technical Analysis

Posted: 01 Jun 2011 12:29 PM PDT

GBPJPY: Maintains Recovery Tone GBPJPY – The cross remains biased to the upside on a corrective recovery breaking and closing slightly above the 134.01 level, its May 11'2011 high on Tuesday. Though it continues to retain its recovery tone triggered from the 130.25 level, it requires a convincing break and hold above the 134.01 level

AUD/USD June 02– Aussie Down Against US Dollar Following Poor US Economic Data

Posted: 01 Jun 2011 12:13 PM PDT

The Aussie traded lower Wednesday against the US Dollar following a generally lower Greenback after a US report of worse than expected private sector employment growth, and lower manufacturing activity.  The Aussie was trading at 1.0659, down 0.12% at the time of this writing. Here's a quick update on technicals, fundamentals and community trends. AUD/USD

USD/JPY: Trading the US Unemployment Claims

Posted: 01 Jun 2011 10:59 AM PDT

The weekly US jobless claims always move the markets. In this specific case, it is the last hint before the Non-Farm Payrolls, which are unlikely to be cheerful. Here are the details, and 5 scenarios for USD/JPY, which is a more sound option in the current risk averse environment. Published on Thursday at 12:30 GMT.

ISM Manufacturing PMI Dives – Risk Aversion Continues

Posted: 01 Jun 2011 07:04 AM PDT

The US Manufacturing sector is growing at a slow pace: ISM Manufacturing PMI dropped to 53.5. The estimations stood on 58.1 points, although other indicators such as the Chicago PMI provided hints that it would be worse. EUR USD shakes while the yen and the franc extend their gains against the dollar. USD/JPY is now around
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