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09.06.2011
18:51
Dow +117.76 at 12166.70, Nasdaq +16.98 at 2692.36, S&P +13.33 at 1292.89

The S&P 500 and the Dow continue to trade in a tight range, but the Nasdaq is gradually closing the gap between itself and its two counterparts. Although the Nasdaq has managed to slowly march higher, large-cap tech plays remain a source of weakness for the average.

18:34
ECB, Mersch: Have stated we're in strong posture of vigilance
  • ECB not private sector; not part of debt rollover talks;
  • Rule out any Greece private sector involvement that's not voluntary;
  • Rule out selective Greece default, any credit event;
  • ECB to be faithful to mandate, deliver medium-term price stability.
18:04
American focus:

The euro fell, erasing earlier gains, after European Central Bank President Jean-Claude Trichet’s 2012 inflation forecast prompted traders to scale back bets for the pace of interest-rate increases.
The shared European currency slid against the dollar after climbing as much as 0.5 percent, even after Trichet said at a press conference in Frankfurt that “strong vigilance” is needed to contain inflation, which means policy makers may boost rates in July. The ECB revised its 2012 inflation and gross domestic product forecasts.
“The euro sold off as the inflation forecasts and the lowering of the bottom end of the GDP forecast may provide a headwind to further tightening,” said Jeremy Stretch, executive director of foreign-exchange strategy at Canadian Imperial Bank of Commerce in London. “He has repeated what was basically already priced into the market.”
“We are not signaling any particular pace for the next decisions on our interest rates,” Trichet said. “It means that we are in a mode where there might be, in the next meeting, an increase of rates, but we are never pre-committed.”
The ECB said inflation next year will accelerate between 1.1 percent and 2.3 percent, compared with an earlier forecast of 1 percent to 2.4 percent. Policy makers see growth in 2012 of 0.6 percent to 2.8 percent, from a previous range of 0.8 percent to 2.8 percent.
The common currency also declined amid renewed concern that Greece may need to restructure its debt.
“You’ve got to view what has happened to the euro as a combination of Trichet’s comments and concerns over the Greek bailout,” said Simon Derrick, chief currency strategist at Bank of New York Mellon Corp. in London. “Trichet’s ‘strong vigilance’ was strongly baked in, so it was difficult to see a particularly positive reaction. Greek concerns are mounting as we’re yet to get a clarity of position as to what each of the parties thinks with regard to a restructuring.”
The Dollar Index rose today as the U.S. trade deficit unexpectedly shrank 6.7 percent to $43.7 billion in April, Commerce Department figures showed today.
New Zealand’s currency climbed to a record after the nation’s central bank said borrowing costs will need to rise in the next two years.
The Bank of England kept its benchmark rate unchanged at 0.5 percent at today’s meeting.

17:29
Dow +113.14 at 12162.80, Nasdaq +14.42 at 2689.80, S&P +11.94 at 1291.50

Relief buying in the wake of a string of losses has stocks up sharply and headed for their best performance of the month. The move has been mostly broad based.

17:04
ECB: Mersch: EMU economies slowing on external, internal factors
  • "fantasies" about debt restructuring hurt trust in euro;
  •  fantasies" about state leaving EMU hurt trust in euro;
  • EFSF, ESM should be able to buy government debt on secondary market
15:27
Dow +92.56 at 12141.50, Nasdaq +10.81 at 2686.19, S&P +9.87 at 1289.43

The materials sector has rallied ahead to a 1.5% gain, which makes it this session's top performing sector. The space is currently led by the likes of Monsanto (MON 69.47, +1.85). The agricultural products company has been helped by a bullish USDA crop report that was released earlier this morning.
Financials have also extended their recent run. In turn, the sector is now up 1.1%, second only to materials. Banks have been a big driver of the move. Strength in that space has the SPDR KBW Bank ETF (KBE 23.36, +0.26) up nicely.

15:09
Barclays on US growth

"The impact from supply chain disruptions following the Japan earthquake was evident in April's wholesale inventories report. Total wholesale inventories rose a less-than-expected 0.8% (BarCap and consensus: 1.0%) with auto inventories down 1.3%. Auto sales and inventory accumulation are likely to be a negative for Q2 GDP growth but should be partly offset by weaker imports." They still see Q2 real growth 'close to' +2% - but with less trade drag and more inventory drag.

14:33
Analysts at Nomura say "nine consecutive weeks of intial jobless claims above 400k suggests the labor market remains weak."
14:24
GREECE: Sources report that a new Greek bailout package could total E120 bn (larger than was reported at the beginning of the week).
14:23
Bank of New York Mellon on Trichet's comments

Michael Woolfolk of Bank of New York Mellon says: "It is obvious from both the ECB statement and ECB President Trichet's remarks that the ECB is prepared to raise rates as early as next meeting." Inflation remains a key risk for the eurozone, he says.

14:12
EUR/USD above $1.4500

EUR/USD back above $1.4500 and currently holds around $1.4515 amid the accelerated lift of EUR/JPY. Position adjustment also noted on the market now. resistance comes at $1.4520, then - ahead of $1.4550 (earlier broken supports).

14:00
US: April wholesale inventories, +0.8%
13:52
Option expiries for today's 1400GMT cut

EUR/USD $1.4350, $1.4365, $1.4400, $1.4450, $1.4500, $1.4750
USD/JPY Y80.00, Y80.50, Y80.60, Y80.70-75, Y81.00, Y79.25
EUR/JPY Y117.00
GBP/USD $1.6530
EUR/GBP stg0.8800
GBP/JPY Y132.20
AUD/USD $1.0550, $1.0600, $1.0640, $1.0680, $1.0690, $1.0700, $1.0730, $1.0785

13:38
EUR/USD falls

EUR/USD falling currently after rate triggered stops on a break under $1.4500. Rate now holds around $1.4485 with more stops under $1.4475 and then - ahead of June 3 low at $1.4450.

13:26
ECB,Trichet's press-conference: Recent data show continued upward inflation pressure.



  • Inflation pressure mainly due energy, commodities;
  • Latest data coinfirm positive underlying econ momentum;
  • Current interest rates accommodative;
  • Will act if needed;
  • Price stability is a priority;
  • ECB sees 2011 GDP 1.5% to 2.3% (Mar fcast 1.3% to 2.1%);
  • ECB sees 2012 GDP 0.6% to 2.8% (Mar fcast 0.8% to 2.8%);
  • Risks to growth broadly balanced;
  • Downside growth risks from some parts of fin and comm mkts;
  • Downside risks also related to energy prices;
  • Protectionism, global imbalances also downside growth risks;
  • ECB 2011 GDP fcast broadly in line with intl fcasts;
  • 2011 infl fcasts revised up mainly due energy prices;
  • ECB staff sees 2011 HICP 2.5% to 2.7% (Mar fcast 2.0% to 2.6%);
  • ECB staff sees 2012 HICP 1.1% to 2.3% (Mar fcast 1.0% to 2.4%);
  • Important banks continue to expand priv sector lending;
  • Most recent data show positive underlying econ momentm;
  • Monpol stance remains accommodative;
  • Inflation risks up;
  • To act in firm;
  • Strong real GDP growth seen in 1Q in EMU;
  • But 2Q growth slower;
  • 1Q growth partly due special factors;
  • Favorably level of biz confidence in EMU;
  • Priv sector demand shld help EMU to increase growth.
13:21
Before the bell: Wall Street may rise at open

U.S. stocks were headed for a modest bounce Thursday, following an unexpected narrowing of the U.S. trade deficit.
Stocks have declined for six straight sessions as worries about a growth slowdown have dominated trading. Any early enthusiasm could be tempered by initial unemployment claims data, which remained above 400,000 for the ninth straight week.

Economy: The Labor Department released its weekly initial jobless claims, showing that 427,000 people applied for jobless benefits last week. That was slightly higher than expected.
The government also issued its monthly report on the U.S. trade balance, showing the gap narrowed to $43.7 million in April, instead of the expected widening.
Companies: After the market closed Wednesday, Texas Instruments (TXN, Fortune 500) lowered its outlook for second-quarter earnings and revenue. Shares of the technology company fell 4.5% in after-hours trading, and dipped less than 1% in premarket trading.
J.M. Smucker (SJM, Fortune 500) shares rose 2.5% after the jam and jelly maker reported a fourth-quarter profit that topped forecasts by a penny per share.

13:07
ECB, Trichet: Important banks continue to expand priv sector lending.
  • Most recent data show positive underlying econ momentm;
  • Monpol stance remains accommodative;
  • Inflation risks up;
  • To act in firm;
  • Strong real GDP growth seen in 1Q in EMU;
  • But 2Q growth slower;
  • 1Q growth partly due special factors;
  • Favorably level of biz confidence in EMU;
  • Priv sector demand shld help EMU to increase growth.
13:01
ECB,Trichet: 2011 infl fcasts revised up mainly due energy prices
  • ECB staff sees 2011 HICP 2.5% to 2.7% (Mar fcast 2.0% to 2.6%);
  • ECB staff sees 2012 HICP 1.1% to 2.3% (Mar fcast 1.0% to 2.4%).
12:55
ECB,Trichet: Risks to growth broadly balanced
  • Downside growth risks from some parts of fin and comm mkts;
  • Downside risks also related to energy prices;
  • Protectionism, global imbalances also downside growth risks;
  • ECB 2011 GDP fcast broadly in line with intl fcasts.
12:52
ECB,Trichet: ECB sees 2012 GDP 0.6% to 2.8% (Mar fcast 0.8% to 2.8%)
12:50
ECB,Trichet: ECB sees 2011 GDP 1.5% to 2.3% (Mar fcast 1.3% to 2.1%)
12:40
ECB,Trichet's press-conference: Recent data show continued upward inflation pressure.
  • Inflarion pressure mainly due energy, commodities;
  • Latest data coinfirm positive underlying econ momentum;
  • Current interest rates accommodative;
  • Will act if needed;
  • Price stability is a priority.
12:34
Canada: New Housing Price Index (MoM) (Apr) 0.3%
12:33
Canada: International Merchandise Trade (Apr) $-0.92B
12:31
US: Initial jobless claims +1K to 427K
12:31
US: Apr trade bal was -$43.7b
12:06
EU session review: Euro strengthens on prospects ECB to raise rates next month

Data released:
08:30     UK     Trade in goods (April), bln    -7.4    -7.5    -7.7
08:30     UK     Non-EU trade (April), bln    -4.3    -4.4    -4.5
11:00     UK     BoE meeting announcement    0.50%    0.50%    0.50%
11:45     EU(17)     ECB meeting announcement   1.25%     1.25%    1.25%

The euro rose against the yen and the dollar on speculation ECB's President Jean-Claude Trichet will signal today that policy makers intend to raise interest rates next month.
“The euro’s finding support on expectations that the ECB is likely to signal a rate increase next month,” said Jeremy Stretch at Canadian Imperial Bank of Commerce. “It’s highly probable that Trichet will repeat the ‘strong vigilance’ phrase to indicate a possible rate hike in July.”
“There’s some expectation that the ECB can stay quite hawkish,” said Henrik Gullberg, a currency strategist at Deutsche Bank AG.
The BOE kept its benchmark interest rate unchanged at 0.5% at today’s meeting.
The ECB left its rate unchanged too - at 1.25%. The central bank raised borrowing costs in April for the first time in almost three years.
The Dollar Index slipped before a U.S. report that economists said will show the trade deficit widened to the most in 10 months.
Australia’s dollar fell after a report from the statistics bureau showed jobs increased by 7,800 in May from the previous month. That compared with the median estimate for a 25,000 gain.

EUR/USD printed session lows around $1.4583 before recivered to $1.4613 ahead of Trichet's conference.

GBP/USD  rose to highs on  $1.6463 before sliding to $1.6398. Rate failed to break under the figure and recovered to $1.6430.

USD/JPY tries to challenge Y80.00 sliding from earlier highs on Y80.30.

US data also starts at 1230GMT, when initial jobless claims are expected to fall 4,000 to 418,000 in the June 4 holiday week. At the same time, the international trade gap is expected to widen slightly to $49.0 billion in April after widening in March on rising energy prices.

11:45
ECB: Leaves rates unchanged at 1.25%
11:35
EUR/USD rises ahead of ECB

EUR/USD holds around $1.4612, higher earlier printed lows near $1.4586. Rate rises ahead of ECB rate decision at 11:45 GMT. Offers seen at $1.4620/25 ahead of earlier highs at $1.4646, with offers seen to $1.4650. Support remains
back at $1.4585/75.

11:00
UK: BOE keeps Bank rate unch at 0.5% with no changes in QE (stg200bln)
10:40
EU focus: Euro steady ahead of ECB

The euro holds steady ahead of a European Central Bank policy meeting later on Thursday at which the ECB is expected to lay the groundwork for a rate hike in July, with any hints on tightening possibly driving the currency through key resistance.
The central bank is seen as likely to use higher staff inflation forecasts to justify a case for tightening in July.
While traders say the view that the ECB is likely to signal rising rates has already been priced in to the euro's advance, the move could still push the currency above resistance at $1.4700, which it failed to breach on Wednesday.
"The euro has been pressured by concerns over euro zone debt, so I think it would still have enough momentum to go above $1.4700 if the ECB suggests a rate hike," said Teppei Ino, currency analyst at Bank of Tokyo-Mitsubishi UFJ.
Ino added that a further break above a May 3 low of $1.4755 could help the euro climb even higher and the single currency could move closer towards resistance at its May 4 high of $1.4940.
The euro still hampered by uncertainty over Greece.
The greenback slipped back towards a one-month low.
The Federal Reserve's beige book summary of economic conditions confirmed that the economy slowed in May due to higher gasoline prices and the supply chain disruptions following Japan's earthquake and tsunami in March.
New Zealand's central bank held rates steady on Thursday but also set the stage for higher rates, saying hikes were needed as the economy bounces back from the Christchurch earthquake.




10:30
FED's Plosser: I was not a fan of QE2.
  • it's not a good idea to respond to events too quickly;
  • recent soft data could weight on timing of exit strategy;
  • not easy answer to euro zone crisis;
  • impossible to correct EU debt crysis without pain;
  • higher oil prices will be sustained for while.
10:03
FED's Plosser: I was not a fan of QE2.
  • it's not a good idea to respond to events too quickly;
  • recent soft data could weight on timing of exit strategy;
  • not easy answer to euro zone crisis;
  • impossible to correct EU debt crysis without pain;
  • higher oil prices will be sustained for while.

 

09:43
USD/CHF back to figure

USD/CHF  gained strongly to session highs above Chf0.8400. Rate triggered stops on a break above Chf0.8410 and challanged Chf0.8412. Rate later retreated and currently holds around the figure. EUR/CHF currently holds near Chf1.2278.

09:27
FTSE 5,797 (-0.21%), CAC 3,826 (-0.32%), DAX 7,043 (-0.24%)
09:14
Option expiries for today's 1400GMT cut:

EUR/USD $1.4350, $1.4365, $1.4400, $1.4450, $1.4500, $1.4750 

USD/JPY Y80.00, Y80.50, Y80.60, Y80.70-75, Y81.00, Y79.25
EUR/JPY Y117.00
GBP/USD $1.6530
EUR/GBP stg0.8800
GBP/JPY Y132.20
AUD/USD $1.0550, $1.0600, $1.0640, $1.0680, $1.0690, $1.0700, $1.0730, $1.0785

08:55
FED PLOSSER: Not easy to communicate reasons for inflation
  • Measuring slack in economy tricky
  • High unemployment doesn't mean no high inflation
  • Monpol may not be able to cut high unemployment
  • May be mis-measuring output gap by quite a bit
  • Lot of debate on FOMC about output potential
08:31
UK APR GLOBAL GOODS TRADE DEFICIT STG7.389B, NON-EU GOODS TRADE DEFICIT STG4.339B
08:20
Asian session:The euro climbed

Data:

01:30 Australia Unemployment Rate s.a. (May) 4.9%
01:30 Australia Employment Change s.a. (May) 7.8K
05:00 Japan Consumer Confidence Index (May) 34.2

The euro climbed toward a one-month high versus the dollar on speculation European Central Bank President Jean-Claude Trichet will today signal policy makers are likely to raise interest rates next month.
The Dollar Index fell ahead of a U.S. report that economists said will show the trade deficit widened to the most in 10 months, adding to signs the economy is losing momentum. 
New Zealand’s currency gained toward a record after the country’s central bank said borrowing costs will need to rise in the next two years. The 
Australian dollar dropped after data showed the nation’s employers added fewer jobs than economists had expected.

EUR/USD: the pair   become stronger in area $1.4650.
GBP/USD: the pair  become stronger in area $1.6450.
USD/JPY: the pair  shown high  in Y80.30 zone then decreased. 

UK data at 0830GMT includes the trade data, where the total trade balance is expected to come in at -stg2.9 billion with global goods at -stg7.6 billion and the non-EU total trade balance at -stg4.3 billion. The Bank of England policy decision is due at 1100GMT but with UK data showing the momentum of the recovery fading fast through the first two months of Q2, analysts and markets are putting off their expectation for  the first rate hike until November at the earliest. 
There is a busy calendar for Thursday with policy decisions due from both the Bank of England and European Central Bank. The decision will be followed, as usual, by the press conference with ECB President Jean-Claude Trichet from 1230GMT, with "vigilence" and Greece likely the most awaited topics.
US data also starts at 1230GMT, when initial jobless claims are expected to fall 4,000 to 418,000 in the June 4 holiday week. At the same time, the international trade gap is expected to widen slightly to $49.0 billion in April after widening in March on rising energy prices. 

08:03
Asia Pacific stocks close:

Nikkei 9,467  +0.19% 
Hang Seng 22,612  -0.22% 
S&P/ASX  4,550  +0.28% 
Shanghai Composite 2,703  -1.71%

07:37
Forex: Wednesday's review

The yen strengthened as global stocks fell and the International Monetary Fund said its 26 billion-euro ($38 billion) loan to Portugal “entails important risks.”
The euro slid from a four-week high versus the dollar after German Finance Minister Wolfgang Schaeuble said bondholders must contribute a “substantial” share of a second aid package for Greece. 
The yen rose to the strongest in a month against the dollar as Federal Reserve Chairman Ben S. Bernanke said the “frustratingly slow” U.S. recovery warrants sustained monetary stimulus. 
New York Fed President William Dudley said that the U.S. recovery from the worst financial crisis since the Great Depression is “distinctly subpar” even after “aggressive monetary and fiscal stimulus.”
The pound fell against the dollar and the euro after Moody’s Investors Service said the U.K. risks losing its top credit ranking should growth remain weak. It said the outlook on the country’s rating is “stable.” 
Fed's Beige book: Econ activity generally continued to expand.

EUR/USD: on results of yesterday's session the pair decreased in area $1.4580.
GBP/USD: the pair shown low in the field of $1.6350 then  become stronger. The rate  finished session in the field of $1.6400.
USD/JPY: on results of yesterday's session the pair decreased in area Y79.90. 

UK data at 0830GMT includes the trade data, where the total trade balance is expected to come in at -stg2.9 billion with global goods at -stg7.6 billion and the non-EU total trade balance at -stg4.3 billion. The Bank of England policy decision is due at 1100GMT but with UK data showing the momentum of the recovery fading fast through the first two months of Q2, analysts and markets are putting off their expectation for  the first rate hike until November at the earliest. 
There is a busy calendar for Thursday with policy decisions due from both the Bank of England and European Central Bank. The decision will be followed, as usual, by the press conference with ECB President Jean-Claude Trichet from 1230GMT, with "vigilence" and Greece likely the most awaited topics.
US data also starts at 1230GMT, when initial jobless claims are expected to fall 4,000 to 418,000 in the June 4 holiday week. At the same time, the international trade gap is expected to widen slightly to $49.0 billion in April after widening in March on rising energy prices. 

07:30
Stocks: Wednesday's review

Japanese stocks gained for a second day after sentiment among merchants jumped the most in more than two years, suggesting consumers may be recovering from the country’s worst disaster since World War II.
Mitsubishi UFJ Financial Group Inc. (8306), Japan’s biggest publicly traded lender, gained 0.8 percent after JPMorgan Chase & Co. raised its rating on the banking sector.
Kawasaki Kisen Kaisha Ltd. (9107) climbing 1.2 percent to 264 yen. Mitsubishi UFJ raised its investment rating to “outperform” from “neutral.”
Bigger rival Nippon Yusen K.K. rose 1.4 percent to 294 yen after its price estimate was boosted to 390 yen from 370 yen.
Sumitomo Rubber Industries Ltd. (5110), Japan’s second-largest tiremaker, led rubber- products makers higher after Citigroup Inc. said tire demand is still strong.
Tokyo Electric Power Co., owner of the nuclear power plant crippled by the March 11 earthquake and tsunami, dropped 7.4 percent after the Nikkei newspaper said the government may idle of all of the country’s atomic plants.
European stocks dropped for a sixth day, their longest losing streak since March, after Federal Reserve Chairman Ben S. Bernanke gave no hint that the central bank will unveil a new round of stimulus.
U.K. stocks extended their loses as Moody’s Investors Service said the country’s Aaa credit rating will be at risk if the government misses its debt reduction targets.
UBS AG (UBSN) dropped 2.1 percent after a report that its investment banking unit will increase pay to retain senior employees.
Kabel Deutschland Holding AG (KD8), Germany’s largest cable operator, slumped 5 percent after reporting a full-year loss.
BHP Billiton Plc (BLT), the world’s largest mining company, dropped 2 percent to 2,295 pence as copper and aluminum fell for the first time in four days on the London Metal Exchange. Rio Tinto Group slid 1.2 percent to 4,147 pence.
Nokia Oyj (NOK1V) declined 4.2 percent to 4.29 euros after Sanford C. Bernstein & Co. reiterated its underperform rating on the stock. Shares in the Finnish mobile phone maker have plunged 45 percent this year.
Saab AB (SAABB) plunged 8.4 percent to 136.50 kronor, its biggest drop in more than a year, as BAE Systems Plc, Europe’s largest defense contractor, sold its remaining stake in the Swedish weapons maker for about $253 million. The sale brings an end to BAE’s 13-year investment in the maker of the Gripen fighter jet. BAE’s shares dropped 1.1 percent to 319.5 pence.
Stocks fell Wednesday, with the Dow and S&P ending lower for a sixth consecutive session, as investors remain concerned about signs of an economic slowdown.
Shares of Alcoa (AA, Fortune 500) fell over 2%, making it the worst performing Dow stock. But the index was supported by Verizon (VZ, Fortune 500), which rose 1% after analysts at Oppenheimer upgraded the stock.
Oil prices jumped nearly 2% to settle near $101 a barrel after OPEC failed to reach an agreement on crude production levels.
The spike in crude prices lifted shares of energy producers Cabot Oil and Gas (COG), Apache Corp. (APA, Fortune 500) and Occidental Petroleum (OXY, Fortune 500), among others.
Exxon Mobil (XOM, Fortune 500) rose nearly 1%, after the company announced three new oil and gas discoveries in the Gulf of Mexico that could produce 700 million barrels of product.
Companies: Hovnanian (HOV) reported disappointing earnings results after the market close Tuesday, sending shares of the homebuilder about 12% lower Wednesday.
LDK Solar (LDK) shares fell more than 7% after the company issued a cautious outlook.
Shares of telecommunications company JDS Uniphase (JDSU) were down sharply. Retail clothing companies Abercrombie & Fitch (ANF) and Urban Outfitters (URBN) were also under pressure.

07:15
Tech on USD/JPY

Resistance 3: Y81.80 (May 31 high)  

Resistance 2: Y81.00 (Jun 3 high) 
Resistance 1: Y80.40 (around of Jun 6-7 high) 
Current price: Y80.11
Support 1:Y79.70 (Jun  8 low)  
Support 2:Y79.55 (May 5 low)  
Support 3:Y79.00 (area of Mar 18 low)  
Comments: the pair grown. The immediate resistance - Y80.40. Abvoe growth is possible to Y81.00. The immediate support - Y79.70. Below losses are possible to Y79.55. 

 

07:12
Tech on USD/CHF

Resistance 3: Chf0.8540 (38.2 % FIBO Chf0.8890-Chf0.8330)

Resistance 2: Chf0.8450 (Jun 2-3 high)
Resistance 1: Chf0.8390 (Jun  6-7 high)
Current price: Chf0.8336
Support 1: Chf0.8330 (Jun 6-7 low)
Support 2: Chf0.8300 (psychological mark)
Support 3: Chf0.8200 (psychological mark)
Comments: tech hasn't changed. The immediate resistance Chf0.8390. Above is located Chf0.8450. The immediate support - Chf0,8330. Below loss may extend to Chf0.8300. 

06:40
Tech on GBP/USD

Resistance 3: $ 1.6480 (resistance line from May 2)

Resistance 2: $ 1.6440 (resistance line from May 31)
Resistance 1: $ 1.6415 (session high)
Current price: $1.6408
Support 1 : $1.6370 (support line from Jun 3)
Support 2 : $1.6320 (Jun 7 low)
Support 3 : $1.6290 (Jun 3 low)

Comments: the pair bargains above a mark $1.6400. The immediate support $1.6370. Below decrease is possible up to $1.6320. The immediate  resistance - $1.6415. Above growth is possible to $1.6440. 

06:25
Tech on EUR/USD

Resistance 3: $ 1.4750 (May 3 low)

Resistance 2: $ 1.4690 (Jun 7-8 high)
Resistance 1: $ 1.4630 (session high)
Current price: $1.4615
Support 1 : $1.4560 (Jun 6-8 low)
Support 2 : $1.4490 (МА (200) for Н1)
Support 3 : $1.4450 (Jun 3 low)
Comments: the pair grown at the morning. The immediate resistance $1.4630. Above growth is possible to $1,4690. The immediate support $1,4560. Below losses are possible to $1.4490.

05:55
Schedule for today, Thursday, Jun 09'2011:

08:30 UK Trade in goods (April), bln -7.5 -7.7

08:30 UK Non-EU trade (April), bln -4.4 -4.5
11:00 UK BoE meeting announcement 0.50% 0.50%
11:45 EU(17) ECB meeting announcement 1.25% 1.25%
12:30 EU(17) ECB press conference  
12:30 USA Jobless claims (week to 04.06) 418K 422K
12:30 USA International trade (April), bln -46.8 -48.2
14:00 USA Wholesale inventories (April) 1.0% 1.1%
23:50 Japan Corporate goods price index (May) domestic - 0.9%
23:50 Japan Corporate goods price index (May) domestic Y/Y 2.5% 2.5%
23:50 Japan Tertiary activity index (April) 2.7% -6.0%

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