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15.06.2011
19:15
EUR/USD refreshed session lows below $1.4160 amid concerns that Greece PM Papandreou will form a new parliment tomorrow. Currently rate holds around $1.4166.
18:43
Dow -180.66 at 11895.45, Nasdaq -42.62 at 2636.10, S&P -21.85 at 1266.02

As a result of today's drop the S&P 500 is down almost 8% from its three-year high.
However, the financial sector, down 2.3% today, has fallen 15% from the 30-month high that it set in February.
As for energy, which is now today's worst performing sector as it grapples with a 2.4% loss, is down 11% from the near three-year high that it set in April.

18:16
OIL: July WTI crude oil extend losses to $5.00 and holds currently at $94.50 per barrel.
18:02
EUR/USD tries to recover

EUR/USD recover and currently holds around $1.4177. Rate earlier tested bids around $1.4150. Stops below remain intact. Lower support comes at $1.4125, where demand is. Break under makes possible the challenge of techs support at $1.3970 (May 23 low).

17:46
Dow -177.71 at 11898.40, Nasdaq -40.77 at 2637.95, S&P -21.54 at 1266.33

Blue chips continue to trade at their lows for the day. Declining issues outnumber advancers by more than 5-to-1 on the NYSE.
Meanwhile, the dollar continues to improve its position and currentl holds 1.6% higher against a basket of major foreign currencies.

17:21
USD/CHF trading at a new session high on Chf0.8539 with stops positioned above Chf0.8540. Those stops likely to coincide with euro-dollar stops sub $1.4180.
16:50
Dow -161.81 at 11914.30, Nasdaq -37.59 at 2641.13, S&P -20.09 at 1267.78
16:44
US focus: Euro weakens on Greece bailout deadlock

The single currency suffered after rating agency Moody’s warned it could downgrade three French banks. Moody’s said it would review the ratings of BNP Paribas, France’s largest bank, and peers Société Générale and Crédit Agricole, focusing on their holdings of Greek public and private debt.
The move came amid continued wrangling between eurozone finance minister and central bankers over who should bear the cost of a fresh rescue package for Greece.
German Chancellor Angela Merkel and French President Nicolas Sarkozy will meet on June 17 in Berlin, with pressure mounting for the leaders to resolve their differences over a rescue for Greece.
The euro remained weaker after strong US CPI report for May and a measure of manufacturing in the New York region unexpectedly shrank in June. 
The consumer-price index increased 0.2 percent, compared with the 0.1 percent median forecast of economists. The core measure, which excludes more volatile food and energy costs, climbed 0.3 percent, the biggest increase since July 2008.
The Federal Reserve Bank of New York’s general economic index dropped to minus 7.8, the lowest level since November, from 11.9 in May. The median forecast was 12. 
Sterling fell versus the dollar after a report showed Britain’s jobless claims rose in May at its fastest pace in almost two years in May.
So, U.K.’s jobless claims rose by 19,600 in May after a revised 16,900 increase in the prior month. The median forecast was for an increase of 6,500.



16:38
Tech on USD/JPY

Resistance 3: Y82.20 (high of May) 

Resistance 2: Y81.80 (May 31 high) 
Resistance 1: Y81.00 (Jun 3 high, session high) 
Current price: Y80.86
Support 1:Y80.60 (hourly low)  
Support 2:Y80.30 (support line from Jun 8)  
Support 3:Y79.70 (Jun 8 low)
 
Comments: the pair grown. The immediate resistance - Y81.00. Above growth is possible to Y81.00. The immediate support - Y80.60. Below losses are possible to Y80.30.

16:19
Tech on USD/CHF

Resistance 3: Chf0.8610 (50.0 % FIBO Chf0.8890-Chf0.8330)

Resistance 2: Chf0.8545 (May 31 and Jun 1 high, 38.2 % FIBO Chf0.8890-Chf0.8330)
Resistance 1: Chf0.8525 (session high)
Current price: Chf0.8506
Support 1: Chf0.8480 (hourly low)
Support 2: Chf0.8440 (session low)
Support 3: Chf0.8390 (МА (200) for Н1)
Comments: the pair is supported. The immediate resistance Chf0.8525. Above is located Chf0.8545. The immediate support - Chf0,8480. Below loss may extend to Chf0.8440. 

15:50
Tech on GBP/USD

Resistance 3: $ 1.6440 (resistance line from May 2, Jun 14 high)
Resistance 2: $ 1.6380 (session high)
Resistance 1: $ 1.6275 (hourly high)
Current price: $1.6215
Support 1 : $1.6215 (Jun 10 and 13 low)
Support 2 : $1.6130 (May 25 low)
Support 1 : $1.6070 (May 24 low)

Comments: the pair tests support $1.6215. Below decrease is possible  to $1.6130. The immediate resistance - $1.6275. Above growth is possible to $1.6380. 

15:25
Tech on EUR/USD

Resistance 3: $ 1.4430 (resistance line from Jun 9)

Resistance 2: $ 1.4380 (50.0% FIBO $1.4500-$ 1.4265)
Resistance 1: $ 1.4310 (hourly high)
Current price: $1.4276
Support 1 : $1.4265/50 (session low, 61.8 % FIBO $1.3970-$ 1.4690)
Support 2 : $1.4200 (May 26 high)
Support 3 : $1.4120 (May 24 high)
Comments: the pair decreased. The immediate support $1,4265/65. Below losses are possible to $1.4200. The immediate resistance $1.4310. Above growth is possible to $1,4380. 

14:52
EUR/USD remains under $1.4300

EUR/USD weakens again, holding under $1.4300 - around $1.4281. Rate remains vulnarable to Greece reports. Bids mentioned ahead of $1.4250 area. Stops are positioned below that level.

14:46
GREECE: Wires report Greece PM willing to resign
14:35
GERMANY SCHAEUBLE: Expect decision on Greece June 20
14:32
US: EIA oil data for Jun 10 week: crude stocks -3.4m to 365.6m bbl.
14:16
RBC says May CPI shows inflation pressures remain focused on food and energy. They call this a modest inflation backdrop and agree with Bernanke that it is not dangerous.
14:08
Dow -89.89 at 11986.58, Nasdaq -18.22 at 2661.52, S&P -9.29 at 1278.66

A precipitous drop at the start of trade took the broad market to within close reach of yesterday's opening level before support surfaced. Weakness remains widespread in that all 10 major sectors are in the red. That comes in stark contrast to early trade in the prior session.
Health care has managed to do the best job of limiting its loss this morning; the sector is down just 0.3%. Boston Scientific (BSX 7.10, +0.36) is currently a primary leader in the health care space, helping to offset weakness in among heavyweight pharmaceutical plays like Pfizer (PFE 20.40, -0.18) and Merck (MRK 35.41, -0.23).

13:41
Barclays: "Supply constraints in the auto industry are likely playing a role in the recent weakness of manufacturing surveys, although today's Empire report suggests a loss of momentum more broadly as well."
13:33
Greek 10-year spread widens 54bps to fresh record high at +1468bps.
13:27
Before the bell:

U.S. stocks were headed for an early sell-off Wednesday, with futures falling sharply after disappointing manufacturing and inflation data.
It could be a rocky day on Wall Street. In addition to the U.S. data released before the bell, news that European officials failed to reach an agreement on bailing out Greece could also keep investors skittish.
The Labor Department's consumer price index rose 0.2% in May. Economists polled by Briefing.com expected consumer inflation ticked up by 0.1% in May, down from the 0.4% rise in the previous month.
Meanwhile, the Empire State manufacturing index declined by 7.8 points, while economists were forecasting an increase of 10 points.
Companies: Shares of Carnival Corporation (CCL) slipped more than 2% in premarket trading, after the cruise-line operator lowered its fiscal 2011 earnings outlook earlier this week -- leading some analysts to cut their price targets for the company.
Scotts Miracle Gro (SMG) cut its full-year forecast as well, sending shares of the lawn-care product maker more than 5% lower before the market open Wednesday. The company said continued bad weather has led to lower consumer demand.
Meanwhile, Owens-Illinois (OI, Fortune 500) lowered second-quarter earnings per share guidance to below the previous year's level -- after originally forecasting earnings per share to be unchanged. The cut came amid rising manufacturing costs, the company said. Shares of Owens-Illinois dropped 5% in premarket trading.
Internet radio site Pandora will begin trading Wednesday on the New York Stock Exchange under the ticker symbol "P." Late Tuesday, Pandora priced its initial public offering at $16 a share.
World markets:


Oil for July delivery slipped 41 cents to $98.96 a barrel.
Gold futures for August delivery fell $7.30 to $1,517.10 an ounce.
Bonds: The price on the benchmark 10-year U.S. Treasury rose, pushing the yield down to 3.09% from 3.10% late Tuesday.

13:16
US: May Industrial Production +0.1% after flat in April. Cap-U was 76.7%.
13:12
EUR/JPY recovers off session lows

Recovers off session lows of Y115.30 to currently trade Y115.55. Bids remain at Y115.25, a break here opens Y114.90. Resistance at Y115.65, ahead of Y116.25.

13:02
US: April TICS data show net foreign purchases of US long-term securities at $30.6 bn
12:33
US: NY Fed Empire State Mfg Index -7.79 in June vs 11.88 in May
12:32
US: May CPI +0.2%, +3.6% y/y core +0.3%, +1.5% y/y
12:23
Germany: all EMU state want private investors to join Greek aid, but not clear how this will be done
12:17
European session:

The euro fell, snapping a two-day advance against the dollar, as European Union officials struggled to break a deadlock on a second Greek rescue plan.
“There’s still a lot of uncertainty about how the Greek debt issue will be resolved, and that’s putting some pressure on the euro,” said Lutz Karpowitz, a currency strategist at Commerzbank AG in Frankfurt. “The main problem is how to involve the private bondholders in a new rescue package. We’re still pretty confident a solution will be found and once that happens, it should be positive for the euro.”
EU finance ministers yesterday agreed to convene again on June 19 after they failed to reconcile a German-led push for bondholders to share part of the cost of a new Greek aid plan. European Central Bank warnings were backed by France that the move might constitute the region’s first sovereign default.
“There are still worries over Greece, given uncertainty about how it can avoid a credit event such as a default,” said Tsutomu Soma, a bond and currency dealer at Okasan Securities Co. in Tokyo. “Financial damage could be widespread. It’s a reason to sell the euro.”
ECB policy makers have warned against German proposals for extending Greek bond maturities for seven years, which rating companies have said would be considered a default. ECB President Jean-Claude Trichet, who attended yesterday’s meeting, said on June 9 that governments were flirting with what may be an “enormous mistake.”

Australia’s dollar was the best performer versus the shared European currency after central bank Governor Glenn Stevens reiterated that policy makers will need to raise interest rates at some stage. Demand for the greenback may be capped by estimates that U.S. reports today will show inflation slowed and homebuilder confidence stayed weak. The pound advanced versus the euro as data showed U.K. consumer confidence surged.

EUR/USD: reached session low at $1.4290.
GBP/USD: eased to $1.6250.
USD/JPY: the pair trades near the upper limit of the day's range 80.40-Y80.85.


US data starts at 1230GMT with the May Consumer Price Index and the June NY Fed Empire State Survey. Consumer prices are expected to reflect the continued price pressures from food and energy, though to a lesser extent than in at the wholesale level. Overall CPI is forecast to hold steady in May, while core CPI is expected to rise 0.1%. At the same time, the NY Fed Empire State Index is expected to rise to a reading of 14.0 in June after falling in May. The US Treasury International Capital System (TICS) data is due at 1300GMT, shortly followed at 1315GMT by industrial production, which is expected to rise 0.2% in May after a flat reading in April that resulted from a shortage of motor vehicle parts from Japan. US data then continues with the weekly EIA Crude Oil Stocks data at 1430GMT.

11:41
Orders desk:

EUR/USD:
Offers: $1.4320, $1.4340, $1.4350/55, $1.4370/80, $1.4400, $1.4415/20
Bids: $1.4285/80, $1.4255/45

11:30
European shares remain in the red

European shares dipped early on Wednesday after euro zone ministers failed to agree on how to share the costs of a new bailout for Greece and with French banks placed under review for a downgrade by Moody's.
BNP Paribas (BNPP.PA), Societe Generale (SOGN.PA) and Credit Agricole (CAGR.PA) fell between 1.6 and 1.9 percent after Moody's Investors Service put them on review for a possible downgrade, citing the banks' exposure to Greece's debt crisis.

11:05
EU, Altafaj expects Greece to receive its next tranche in July.
11:00
GBP/USD remains under pressure

Cable posted new low at $1.6270 (76.4% $1.6215/1.6442), passing through demand in the area between $1.6285/75 with apparent ease. A break and clear below $1.6270 to expose the June 10-13 lows around $1.6215. $1.6250 to provide interim support. Resistance remains at $1.6380, ahead of $1.6430.


10:35
Greek PM Papandreou: government will continue to efforts to overcome crisis
10:14
Option expiries for today's 1400GMT cut:

EUR/USD: $1.4280, $1.4400, $1.4420, $1.4500, $1.4510
USD/JPY: Y79.00, Y79.80, Y80.00, Y80.40, Y80.50, Y80.60, Y80.65, Y81.00

GBP/USD: $1.6355
EUR/GBP: stg0.8840
USD/CHF: Chf0.8470, Chf0.8365
AUD/USD: $1.0700, $1.0710, $1.0550
AUD/NZD: NZ$1.3010
AUD/JPY: Y84.15
09:33
EUR/JPY recovers

EUR/JPY recovers from session lows of Y115.58 and currently holds around Y115.70. Support still remains at Y115.60 with a clear break under to open a decline to Y114.90/94 (the base of Ichimoku cloud and 10th June low). Resistance comes at Y116.15/20 (Y116.19 - 21 day moving average), behind this Y116.45/50.

09:22
ECB: EU Parliament apptoves Draghi for ECB presidency
09:13
EUR/USD at new lows

EUR/USD breaks under the support zone at $1.4350/40 to hold currently at a new session lows on $1.4324.  Next support seen into $1.4335 (76.4% Fibo of $1.4285/1.4498 move) ahead of $1.4325/20.

09:00
EU: Industrial output +0.2% m/m and +5.2% y/y
08:57
The Hang Seng Index closes Wednesday down 0.68% at 22,343.77.
08:42
Reaction on news:

GBP/USD weakens after the release of UK labour market data, where claimant count rose more than expected. Rate dropped from around $1.6365 to current $1.6315, heading for bids on $1.6300.

08:33
UK: ILO Unemployment Rate 7.7%
08:32
UK: Apr Average Weekly Earnings ex bonuses +2%
08:31
UK: Apr Average Weekly Earnings +1.8%
08:31
UK: May Unemployment Rate 4.6%
08:30
UK: May Claimant Count Unemployment +19,600 m/m
08:20
Recently Moody's Investors Service placed the ratings of three French banks, including Credit Agricole SA (CASA), BNP Paribas SA (BNPP) and Societe Generale SA (SocGen) on review for possible downgrade.
08:14
Oil retreats

July WTI crude retreats from Asian highs of $99.61 to print a low in Europe of $98.50. Support now seen at $98.08 and $97.65 with resistance at $101.09 and $102.80. Currently the black gold trades around $98.88 per barrel.

08:01
EUR/USD under pressure

EUR/USD remains under pressure on Greece concerns. Rate fell to a new session lows around $1.4350 before corrected back to current $1.4370. Bids have been mentioned around $1.4350 with stops placed below. A break here to expose $1.4335 (76.4% Fibo of $1.4285/1.4498 move) ahead of stronger support between $1.4325/20. Break under targets $1.4300 and then - $1.4285/80.


07:47
Option expiries for today's 1400GMT cut,

EUR/USD: $1.4400, $1.4420, $1.4500, $1.4510
USD/JPY: Y79.00, Y79.80, Y80.00, Y80.40, Y80.50, Y80.60, Y80.65, Y81.00
GBP/USD: $1.6355
EUR/GBP: stg0.8840
USD/CHF: Chf0.8470, Chf0.8360
AUD/USD: $1.0700, $1.0710, $1.0550
AUD/NZD: NZ$1.3010
AUD/JPY: Y84.15

07:22
Asian session: The euro fell

Data:

00:30 Australia Westpac Consumer Confidence (Jun) -2.6%

The euro fell, snapping a two-day advance against the dollar, as European Union officials struggled to break a deadlock on a second Greek rescue plan.
Australia’s dollar held onto three days of gains after central bank Governor Glenn Stevens reiterated that policy makers will need to raise interest rates at some stage.
Demand for the greenback was limited before U.S. reports forecast to show inflation slowed and confidence among homebuilders remained weak. 
EU finance ministers yesterday agreed to convene again on June 19 after they failed to reconcile a German-led push for bondholders to share part of the cost of a new Greek aid plan. European Central Bank warnings were backed by France that the move might constitute the region’s first sovereign default.
Reserve Bank of Australia Governor Stevens signaled inflation data next month may be key for the timing of an interest-rate increase.

EUR/USD: the pair decreased in $1.4400  area.
GBP/USD: the pair decreased in $1.6350  area.
USD/JPY: the pair holds on Y80.40-Y80.65 zone.

UK labour market data is due at 0830GMT and is expected to show a 5k change in the claimant count with the rate at 4.6%. Average weekly earnings are expected to come in at 2.1%. The ILO measures are expected to show a -38k jobless change and a 7.7% rate. In London tonight, the  Bank of England Governor Mervyn King delivers what is traditionally seen  as his keynote annual address at the Mansion House. 
US data starts at 1100GMT with the weekly MBA Mortgage Application Index. US data continues at 1230GMT with the May Consumer Price Index and the June NY Fed Empire State Survey. Consumer prices are expected to reflect the continued price pressures from food and energy, though to a lesser extent than in at the wholesale level. Overall CPI is forecast to hold steady in May, while core CPI is expected to rise 0.1%. At the same time, the NY Fed Empire State Index is expected to rise to a reading of 
14.0 in June after falling in May. The US Treasury International Capital System (TICS) data is due at 1300GMT, shortly followed at 1315GMT by industrial production, which is expected to rise 0.2% in May after a flat reading in April that resulted from a shortage of motor vehicle parts from Japan. 
Stocks data at 1430GMT.US data then continues with the weekly EIA Crude Oil 

07:13
Forex: Tuesday's review

 

The U.S currency rose against the yen and Swiss franc after the retail sales report, which followed data this month showing slowing manufacturing and rising unemployment. Currencies of commodity-exporting countries, such as the Canadian and Australian dollars, rose the most against major peers as raw material prices gained. 
Retail purchases in the U.S. fell 0.2 percent in May, following a 0.3 percent increase in April, Commerce Department figures showed today in Washington. The median forecast of economists called for a 0.5 percent decrease.
Wholesale costs in the U.S. rose more than forecast in May, led by higher prices for fuel, plastics and the fastest rise in 30 years for apparel and textile costs. 
The Thomson Reuters/Jefferies CRB Index of commodities rose 0.2 percent and the Standard & Poor’s 500 Index gained 1.2 percent. 
Earlier China reported increased retail sales and industrial output, spurring appetite for risk.
China’s retail sales rose 16.9 percent last month, while industrial production increased more than economists forecast, the statistics bureau reported. The 5.5 percent increase in China’s consumer-price index was the fastest in almost three years. Lenders were ordered to set aside more cash as reserves.
Data offset concern the fastest-growing major economy is cooling. New loans in China tumbled in May and money supply grew at the slowest pace since 2008, the central bank reported yesterday.
The Swiss franc dropped versus all of its major counterparts as the government lowered its forecast for 2012 economic growth and said further currency appreciation poses risks to its outlook.

 

EUR/USD: the pair  shown high in $1.4500 area then decreased. The rate finished session in  $1.4450 area.
GBP/USD: the pair trading at $1.6350-$ 1.6440 zone.
USD/JPY: on results of yesterday's session the pair become stronger in Y80.50  area.


UK labour market data is due at 0830GMT and is expected to show a 5k change in the claimant count with the rate at 4.6%. Average weekly earnings are expected to come in at 2.1%. The ILO measures are expected to show a -38k jobless change and a 7.7% rate. In London tonight, the  Bank of England Governor Mervyn King delivers what is traditionally seen  as his keynote annual address at the Mansion House. 
US data starts at 1100GMT with the weekly MBA Mortgage Application Index. US data continues at 1230GMT with the May Consumer Price Index and the June NY Fed Empire State Survey. Consumer prices are expected to reflect the continued price pressures from food and energy, though to a lesser extent than in at the wholesale level. Overall CPI is forecast to hold steady in May, while core CPI is expected to rise 0.1%. At the same time, the NY Fed Empire State Index is expected to rise to a reading of 
14.0 in June after falling in May. The US Treasury International Capital System (TICS) data is due at 1300GMT, shortly followed at 1315GMT by industrial production, which is expected to rise 0.2% in May after a flat reading in April that resulted from a shortage of motor vehicle parts from Japan. 
Stocks data at 1430GMT.US data then continues with the weekly EIA Crude Oil 

 

06:45
Stocks: Tuesday's review

Japanese stocks rose, sending the Nikkei 225 (NKY) Stock Average to its biggest gain this month, after the government approved a bill to help Tokyo Electric Power Co. compensate victims of the Fukushima nuclear accident and China’s factory output increased more than expected.
Tokyo Electric, owner of the crippled Fukushima Dai-Ichi nuclear plant, led gains, surging 25 percent. Chubu Electric Power Co. soared 13 percent after a report the utility and Marubeni Corp. are close to winning an order for a gas-fired power plant in Oman. Fanuc Corp. (6954), an industrial robot maker that makes 50 percent of its sales in Asia, rose 1.7 percent.
The Nikkei 225 Stock Average rose 1.1 percent to 9,547.79 at the 3 p.m. close in Tokyo, extending gains after Financial Services Minister Shozaburo Jimi said the government will provide loan guarantees to ensure Tokyo Electric is able pay reparations following the worst nuclear accident in 25 years.
European stocks rose, giving the Stoxx Europe 600 Index its first back-to-back gains in three weeks, as Chinese industrial production and U.S. retail sales topped forecasts.
Nokia Oyj (NOK1V) climbed 1.6 percent after agreeing to settle all patent litigation with Apple Inc. in a deal that awards a one- off payment and royalties to the Finnish maker of mobile phones. Solarworld AG (SWV) and Q-Cells SE advanced at least 4 percent after a report that LDK Solar Co., a Chinese maker of solar panels, seeks acquisitions in Germany.
China reported that industrial production climbed more than estimated in May, while the country’s inflation last month accelerated to the fastest pace in almost three years. Production gained 13.3 percent from the year before, exceeding the median economist forecast of 13.1 percent in a   survey. The 5.5 percent annual gain in consumer prices matched estimates.
U.S. stocks rallied and the Standard & Poor’s 500 Index headed for its biggest gain in two months after better-than-estimated data on American retail sales and Chinese industrial production.
Home Depot Inc. (HD) advanced the most in the Dow Jones Industrial Average, gaining 4 percent. Best Buy Co., the world’s largest consumer electronics retailer, surged 4.7 percent after profit exceeded analysts’ forecasts on rising demand for smartphones. J.C. Penney Co. soared 19 after naming Ron Johnson, Apple Inc. (AAPL)’s retail head, as its chief executive officer. Energy shares rallied the most among 10 groups in the S&P 500 as oil rebounded from its lowest in a month.
Stock futures extended their gains after a Commerce Department report showed sales at retailers fell 0.2 percent in May, less than forecast and indicating that American consumers are overcoming elevated gasoline costs. The median forecast of economists  was a drop of 0.5 percent.

06:43
Tech on USD/JPY

Resistance 3: Y81.80 (May 31 high) 

Resistance 2: Y81.00 (Jun 3 high) 
Resistance 1: Y80.60/70 (38.2 % FIBO Y82.30-Y79.70, Jun 14 high) 
Current price: Y80.52
Support 1:Y80.25 (support line from Jun 8)  
Support 2:Y79.70 (Jun 8 low)  
Support 2:Y79.55 (May 5 low)  

Comments: the pair traiding in former zone. The immediate resistance - Y80.60/70. Above growth is possible to Y81.00. The immediate support - Y80.25. Below losses are possible to Y79.70.

06:36
Tech on USD/CHF

Resistance 3: Chf0.8610 (50.0 % FIBO Chf0.8890-Chf0.8330)

Resistance 2: Chf0.8540 (May 31 and Jun  1 high, 38.2 % FIBO Chf0.8890-Chf0.8330)
Resistance 1: Chf0.8500 (session high)
Current price: Chf0.8483
Support 1: Chf0.8440 (session  low)
Support 2: Chf0.8390 (МА(200) for Н1)
Support 3: Chf0.8330 (Jun 6-7 low)

Comments: the pair grown. The immediate resistance Chf0.8500. Above is  located Chf0.8540. The immediate support - Chf0,8440. Below loss may extend to Chf0.8390. 

06:05
Tech on GBP/USD

Resistance 3: $ 1.6550 (May 31 high)

Resistance 2: $ 1.6440 (resistance line from May 2, Jun 14 high)
Resistance 1: $ 1.6380 (session high)
Current price: $1.6363
Support 1 : $1.6350 (session low, Jun 14 low)
Support 2 : $1.6280 (Jun 13 intraday low)
Support 1 : $1.6215 (Jun 10 and 13 low)

Comments: the pair trading in a narrow range. The immediate resistance - $1.6380. Above growth is possible to $1.6440. The immediate support $1.6350. Below decrease is possible to $1.6280. 

05:53
Tech on EUR/USD

Resistance 3: $ 1.4550 (Jun  10 high, 61.8 % FIBO $1.4990-$ 1.4320)

Resistance 2: $ 1.4500/10 (Jun 14 high, 50.0 % FIBO $1.4990-$ 1.4320)
Resistance 1: $ 1.4450 (session high)
Current price: $1.4411
Support 1 : $1.4400 (session low)
Support 2 : $1.4380 (Jun 14 low)
Support 3 : $1.4320 (Jun 10 and 13 low)

Comments: the pair decreased. The immediate support $1,4400. Below losses are possible to $1.4380. The immediate resistance $1.4450. Above growth is possible to $1,4500. 

05:25
Schedule for today, Wednesday, Jun 15'2011:

08:30 UK  Claimant count (May) 5000 12400

08:30 UK Claimant count rate (May) 4.6% 4.6%
08:30 UK Average earnings (3 months to April) Y/Y 2.1% 2.3%
08:30 UK Average earnings ex bonuses (3 months to April) Y/Y 2.1% 2.1%
08:30 UK ILO Jobless rate (April) 7.7% 7.7%
09:00 EU(17) Industrial production (April) 0.1% -0.2%
09:00 EU(17) Industrial production (April) Y/Y 5.0% 5.3%
12:30 USA CPI (May) 0.1% 0.4%
12:30 USA CPI (May) Y/Y - 3.2%
12:30 USA CPI excluding food and energy (May) 0.2% 0.2%
12:30 USA CPI excluding food and energy (May) Y/Y - 1.3%
12:30 USA NY Fed Empire State manufacturing index (June) 13.5 11.9
13:00 USA TICS net flows (April), bln - 116.0
13:00 USA TICS net long-term flows (April), bln - 24.0
13:15 USA Industrial production (May) 0.3% 0.0%
13:15 USA Capacity utilisation (May) 77.1 76.9

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