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27.05.2011
18:26
Dow +48.17 at 12451.01, Nasdaq +14.25 at 2797.17, S&P +5.87 at 1331.56

The major market averages continue to trade in the middle of today's range with the Nasdaq (+0.5%) slightly outpacing gains in the Dow (+0.4%) and S&P (+0.4%).
Financials have been among the best performers all session long, piggybacking gains from their European counterparts after the Financial Times reported European banks may be able to sidestep some of the Basel III capital requirements. Shares of Bank of America (BAC 11.73, +0.27) and Wells Fargo (WFC 28.37, +0.67) are among the best performing stocks in the sector on reports that U.S. banks and state attorneys were close to an agreement on the foreclosure front.

18:05
Barclays on US jobs

Barclays says private payrolls remain the key metric in the employ report and they "anticipate a slowing to just 207K here (from a 3-month trend of around 250K). This estimate takes into account a sizeable positive impact from the hiring spree McDonalds implemented in late April (which reportedly netted about 60K jobs)."

17:32
Dow +66.33 at 12469.09, Nasdaq +16.05 at 2798.97, S&P +7.11 at 1332.80

The major equity averages have spent the past couple of hours trading sideways near their session highs. Financials have managed to click higher, however; they are now up 0.9%, which makes them second to only the 1.3% advance of the materials sector.
Part of the financial sector's strength is owed to favor for bank stocks following positive analyst commentary on many of the banks of Europe and a proposal in Basel III for more favorable requirements for banks. Strength in the space has the KBW Bank Index up 1.2%.

17:08
US focus: Dollar tumbles; Swiss Franc rallies to record

The dollar dropped as U.S. consumer spending rose less than forecast, adding to speculation the Federal Reserve will lag behind other central banks in raising interest rates.
U.S. consumer purchases rose 0.4% in April after a revised 0.5% gain in March that was smaller than previously estimated, Commerce Department data showed.
The dollar extended its loss versus the yen as National Association of Realtors data showed pending home resales in the U.S. plunged almost 12% in April. Economists had a forecast of 1% drop.
“In the past few days we’ve gotten a lot of weak data out of the U.S., so that’s fueling speculation of longer-term accommodation by the Fed, and that’s obviously going to weigh on the U.S. dollar,” said Eric Viloria, senior currency strategist at Gain Capital Group LLC.
“The overall tone is dollar weakness,” said Mark McCormick, a currency strategist at Brown Brothers Harriman & Co. “The Fed is going to remain on hold, the data we’re getting, risk appetite and the story in the equity markets - this is weak for the dollar.”
The Swiss franc rallied to a record against the euro and greenback as Europe’s sovereign-debt crisis encouraged demand for a refuge and Switzerland’s leading economic indicator held at the highest level in almost five years.  The KOF Swiss Economic Institute said its leading economic indicator was at 2.30, unchanged from April, which was the highest since August 2006. Economists forecast a drop to 2.22.
The franc has gained 4.6% this year.
The euro has weakened 2.5% over the past month.
“Concerns about sovereign debt are spreading in the region, weighing on the euro,” said Masahide Tanaka, a senior strategist at Mizuho Trust & Banking Co..
The yen dropped against the franc and the euro after Fitch lowered Japan’s outlook to negative from stable.

16:42
EUR/USD failed to break above $1.4300

EUR/USD breaks above overnight highs ($1.4287) to test $1.4298 but stalls ahead of $1.4300. Stops seen over $1.4310. Offers then at $1.4320 (55-day moving average) and again $1.4335/45. Larger stops over $1.4350 (May 20 peak at $1.4345).




16:37
Dow +71.63 at 12474.39, Nasdaq +17.07 at 2799.89, S&P +7.68 at 1333.37

Stocks have held steady near the top end of today's trading range for about an hour. Meanwhile, Treasuries have trimmed their losses. In turn, the benchmark 10-year Note is now at the neutral line. The U.S. Treasury market will close earlier today, due to observation of Memorial Day on Monday.

15:02
ECB, Provopoulos: ECB will do what needed to avoid 2nd round effects
  • ECB flexible;
  • ECB monetary stance remains accommodative;
  • EMU inflation risks are on the upside;
  • Higher headline HICP largely reflects commodity prices;
  • See EMU HICP back below 2% next year.
14:59
ECB, Provopoulos: ECB will do what needed to avoid 2nd round effects
  • ECB flexible;
  • ECB monetary stance remains accommodative;
  • EMU inflation risks are on the upside;
  • Higher headline HICP largely reflects commodity prices;
  • See EMU HICP back below 2% next year.
14:41
ECB, Provopoulos: Privatization can help Greek
  • Downplays talk Greece may not get next tranche of EMU-IMF loans;
  • Robust privatization can give Greece market trust;
  • Will take time for Greece to regain credibility;
  • Would welcome foreign expertise in privatization;
  • Rejects any form of restructuring;
  • Restructuring would damage Greece and Eurozone;
  • Talk of Eurozone exit is "entirely ridiculous";
  • Confident Greek banks can raise capital.

 

14:38
ECB, Provopoulos: Privatization can help Greek
  • Downplays talk Greece may not get next tranche of EMU-IMF loans;
  • Robust privatization can give Greece market trust;
  • Will take time for Greece to regain credibility;
  • Would welcome foreign expertise in privatization;
  • Rejects any form of restructuring;
  • Restructuring would damage Greece and Eurozone;
  • Talk of Eurozone exit is "entirely ridiculous";
  • Confident Greek banks can raise capital.

 

14:18
GOLD:

Gold breaks above $1532.50 (61.8% Fibonacci retrace of the life-time peaks of $1575.79 seen May 2 and the $1462.50 low seen May 5) to post a high of $1535.10 before retreat. A close above $1532.50 will be needed for upward momentum to mount.

14:01
US: Apr NAR pending home sales index -11.6%
13:57
US: May final U-Mich consumer sentiment data 74.3
13:53
Analysts at BofA/ML lower forecasts and now they see Q2 GDP growth of just 2.0%, down from prior forecast of 2.8%.
13:37
Option expiries for today's 1400GMT cut
EUR/USD $1.4230, $1.4350, $1.4125 
USD/JPY Y80.00, Y80.10, Y80.75, Y81.00, Y81.60-65, Y81.70-75, Y81.90, Y82.00
EUR/JPY Y113.80, Y114.00, Y115.10, Y116.00, Y117.00
AUD/USD $1.0600, $1.0675, $1.0700, $1.0705, $1.0720, $1.0760

13:16
Before the bell: Stocks open with slight gain

U.S. stocks were headed for slight gains early Friday, after a report on personal income and spending came in as expected.
Trading could be tight Friday, as investors are often reluctant to place big bets ahead of a long weekend. The stock market will be closed Monday for the Memorial Day holiday.

Economy: Personal incomes rose 0.4% in April, after rising at the same rate in March, the government said.
Spending by individuals in the month also rose 0.4%, down slightly from 0.5% the month before. Economists had forecast a 0.5% rise.
Shortly after the opening bell, the University of Michigan will put out its final reading on consumer sentiment in May. Economists expect the figure to remain unchanged at 72.4.
The National Association of Realtors is expected to report a 1.4% decline in pending home sales for the month of March.
Companies: Toyota (TM), Nissan (NSANY) and Honda (HON, Fortune 500) all reported sharp declines in sales and production during April, as the fallout from the March 11 earthquake and tsunami continue to take a toll on Japan's auto industry.
PayPal and its parent company eBay (EBAY, Fortune 500) are suing Google (GOOG, Fortune 500) for allegedly stealing trade secrets related to mobile payment technology.

12:42
GBP/USD gains again

GBP/USD extended session highs to $1.6465, above earlier higs on $1.6461. But resistance in the $1.6465/85 area capped the rise. A break above opens a move toward $1.6500 and then - to a stronger offers at $1.6520 ($1.6518 May 11 high) and $1.6540/50 ($1.6544 May 5 high).

12:31
US: Apr Personal Spending +0.4%
12:30
US: Apr PCE core px +0.2% m/m and +1.0% y/y
12:30
US: Apr Personal Income +0.4%
12:18
GBP/USD heads for earlier highs

GBP/USD heads for earlier highs on $1.6461, with a break above targets the key resistance area between $1.6465/85. A break here to open potential for $1.6585, while if area contains there is a risk of deeper correction, with supports to be worked out for the retracement of the move up from $1.6055.

12:00
GERMANY: Consumer prices unchanged in May, +2.3% y/y
11:48
EU session review: Dollar falls for second day on signs U.S. growth is slowing

Data released:
06:00     UK     Nationwide house price index (May)    0.3%    0.1%    -0.2%
06:00     UK     Nationwide house price index (May) Y/Y    -1.2%    -1.7%    -1.3%
08:00     EU(17)     M3 money supply (April) adjusted Y/Y    2.0%    2.3%    2.3%
08:00     EU(17)     M3 money supply (3 months to April) adjusted Y/Y    2.1%    2.3%    2.0%
09:00     EU(17)     Economic sentiment index (May)    105.5    105.8    106.2
09:00     EU(17)     Business climate indicator (May)    0.99    1.20    1.28

The dollar weakened for a second day against the euro and the yen before reports that economists said will show U.S. consumer spending slowed in April and pending home sales declined.
The yen declined against the European common currency as Japan had its credit outlook revised down by Fitch Ratings.
“The market is more concerned about the U.S. than it is about Europe,” said Sonja Marten, a currency strategist at DZ Bank AG. “We have weak growth in the U.S. When you look at the debt situation in the euro zone as a whole, it’s much better than in the U.S. More importantly, they’re doing something about it.”
The euro headed for a weekly loss versus the franc and the yen. A European Commission report today showed an index of executive and consumer sentiment in the region slid to 105.5 this month from 106.2 in April. The median estimate of economists was 105.7.
Luxembourg Prime Minister Jean-Claude Juncker said yesterday the International Monetary Fund may not release its share of a 12 billion-euro aid package to Greece next month.

EUR/USD rose to $1.4280 before rate corrected to $1.4230. Next attenpt to gain ground failed to break the session higha and euro weakened to $1.4185. Later rate recovered to $1.4244.

GBP/USD printed session high on $1.6460 before set stable around $1.6400/40.

USD/JPY broke channel support line from May 05 at Y81.20 and showed lows near Y80.80.

US data starts at 1230GMT with the personal income report that is expected to rise 0.4% in April. Growth in U.S. consumer spending slowed to 0.5 percent in April, the smallest gain in three months, according to a survey.
At 1355GMT, the Michigan Sentiment Index is expected to be unrevised at a reading of 72.4 in May.
At 1400GMT release of NAR Pending Home Sales is scheduled.
Pending home sales fell 1% in April, economists predict the National Association of Realtors will say today.
“All things considered, the weak fundamental data should provide a ‘sell dollars’ environment,” Sacha Tihanyi, a senior currency strategist at Scotia Capital.



11:34
EUR/USD holds a bit lowe resistance at $1.4240 amid French name buys. Intraday stops remain above $1.4245 . Rate currently trades back at $1.4220.
11:20
DB says after weak US data they are trimming projections - lowering May payroll estimate to +225k and raising unemployment rate target to 8.9%.
10:50
BOJ: financial report

The Bank of Japan said it posted a record low net profit of Y52.1 billion in fiscal 2010, because the yen's rise eroded the value of its investment in foreign securities. The sharp decline from its previous years' net profit of Y367.1 billion was mainly due to lower profits and higher losses incurred by foreign exchange transactions amid the appreciation of the yen. The losses from forex fluctuations totaled Y481.0 billion in fiscal 2010, more than double the Y218.5 billion seen in fiscal 2009.

10:38
GOLD techs:

Gold again holds within the range range as the daily Bollinger band narrows, indicating reduced volatility. Daily studies are mostly bullish. Initial resistance seen at $1530.90/1532.10 (highs from the previous two sessions). Support seen between $1512.10/1514.60 (21-DMA, the 23.6% Fib of $1309/1576 and a 2-week support line).

10:18
EU focus: Dollar slides, slumps to record low on Swiss franc

The dollar tumbled broadly on Friday after weak U.S. economic data dragged the 10-year Treasury yield down to a six-month low overnight, with the greenback's drop gaining steam on a flurry of stop-loss selling.
The dollar fell across the board, hitting a record low against the Swiss franc and a three-year low versus the New Zealand dollar.
The dollar hit a record low against the Swiss franc of Chf0.8534.
The New Zealand dollar marked a three-year high of $0.8200.
"The dollar has been strong since the start of May but it looks like that outperformance may be coming to a close," said Junya Tanase, foreign exchange strategist at JPMorgan Chase in Tokyo. "Even if Greece's problems continue to weigh on the euro, if the dollar does not strengthen much, then the euro's downside against the dollar may gradually become limited," he said.

The euro has turned higher after its drop this week stalled right near its 100-day moving average and also the bottom of the cloud on daily Ichimoku charts.
The dollar retreated after data on Thursday showed fresh signs of a slowdown in the U.S. labour market and the second estimate of first quarter U.S. growth came in below forecasts, spurring a decline in the 10-year Treasury yield to a six-month low.
"All eyes are on U.S. employment data out next Friday," said Teppei Ino, currency analyst at Bank of Tokyo-Mitsubishi UFJ. "If those figures also come in below the market's expectations, the market may get excited about the possibility of QE3 or some other form of monetary easing, putting more pressure on the dollar," Ino said.

10:03
EUR/CHF refreshed lows

EUR/CHF extends life lows below Asian lows at Chf1.2168. Currently the cross trading down to Chf1.2166. If rate can clear lower expected to meet next support at Chf1.2105/1.2095.

09:41
EUR/USD breaks below $1.4200 and extends corrective pullback off Asian highs at $1.4278. Rate tested support at $1.4180/70 and back to the figure.
09:28
FTSE +0.89% 5,933, CAC +1.09% 3,960, DAX +0.53% 7,152
09:10
FITCH: Revises Japan outlook to negative
09:01
MU DATA: May econ sent index down to 105.5; April rev 106.1 (106.2)
08:38
Option expiries for today's 1400GMT cut:

EUR/USD $1.4230, $1.4350, $1.4125 
USD/JPY Y80.00, Y80.10, Y80.75, Y81.00, Y81.60-65, Y81.70-75, Y81.90, Y82.00
EUR/JPY Y113.80, Y114.00, Y115.10, Y116.00, Y117.00
AUD/USD $1.0600, $1.0675, $1.0700, $1.0705, $1.0720, $1.0760

08:01
Asian stock close:

Hang Seng +0.95% 23,118
Shanghai Composite -0.97% 2,709.95
Nikkei -0.42 9521.94

07:37
Asian session: The dollar weakened

The dollar weakened for a second day against the euro and the yen before reports that economists said will show U.S. consumer spending slowed in April and pending home sales declined.
The U.S. currency declined on speculation slowing growth will deter the Federal Reserve from raising interest rates until next year.
The euro fell for a sixth day against the Swiss franc as European officials clashed over how to resolve Greece’s debt woes. 
New Zealand’s dollar strengthened to a three-year high on speculation China will buy the South Pacific nation’s assets.
New Zealand’s dollar rose to the highest since March 2008 after Finance Minister Bill English said China Investment Corp., a sovereign wealth fund, has expressed interest in buying his country’s government bonds at auction.

EUR/USD: the pair shown high in the field of $1.4280. 
GBP/USD: the pair become stronger in around $1.6450.
USD/JPY: the pair decreased below mark Y81.00.

EMU data includes the May business climate indicator and economic sentiment survey.
US data starts at 1230GMT when personal income is expected to rise 0.4% in April, as payrolls rose 244,000, hourly earnings rose 0.1% and the average workweek was unchanged at 34.3 hours. PCE is expected to rise 0.5%, as retail sales rose 0.5% and sales were up 0.6% excluding autos. The core PCE price index is forecast to rise 0.2% after the 0.1% rise in March. At 1355GMT, the Michigan Sentiment Index is expected to be unrevised at a reading of 72.4 in May. US data then rounds off with 
the 1400GMT release of NAR Pending Home Sales.

07:32
Forex: Thursday's review

The dollar dropped against the yen as the economy grew less than forecast and jobless-benefit claims unexpectedly rose, adding to speculation the U.S. will lag behind other nations in raising interest rates.

U.S. gross domestic product grew at a 1.8% annual rate in the first quarter, the same as estimated last month, Commerce Department figures showed today. That compares with a 3.1% gain in the prior quarter. The median forecast of economists called for a 2.2% increase. Consumer spending rose 2.2%, down from a 2.7% initial estimate.
Initial claims for unemployment benefits rose by 10,000 to 424,000 in the week ended May 21, Labor Department figures showed today. The median estimate of economists called for a drop to 404,000.
The euro fell to a record low against the Swiss franc after Luxembourg’s Jean-Claude Juncker, who heads euro-area finance ministers, said the International Monetary Fund may not release its share of aid to Greece next month. 
The IMF said in a report today that Switzerland’s central bank should start raising borrowing costs to fight emerging price pressures as the economy strengthens.
The euro earlier rose versus the dollar after European Central Bank President Jean-Claude Trichet said policy makers are “carefully” monitoring inflation, fueling bets the region’s economy is strong enough for higher borrowing costs.
The ECB raised its main refinancing rate to 1.25% last month after keeping it at a record low of 1% for almost two years. The Fed has held its target rate at zero to 0.25% since December 2008. It’s forecast to keep the benchmark unchanged until the first quarter of 2012.

EUR/USD: the pair shown high in the field of $1.4200. Later decreased and finished session in the field of $1.4130.

GBP/USD: the pair grown in the field of $1.6380.

USD/JPY: on results of yesterday's session the pair decreased in around Y81.30.

EMU data includes the May business climate indicator and economic sentiment survey.
US data starts at 1230GMT when personal income is expected to rise 0.4% in April, as payrolls rose 244,000, hourly earnings rose 0.1% and the average workweek was unchanged at 34.3 hours. PCE is expected to rise 0.5%, as retail sales rose 0.5% and sales were up 0.6% excluding autos. The core PCE price index is forecast to rise 0.2% after the 0.1% rise in March. At 1355GMT, the Michigan Sentiment Index is expected to be unrevised at a reading of 72.4 in May. US data then rounds off with 
the 1400GMT release of NAR Pending Home Sales.

07:02
Stocks: Thursday's review

Japanese stocks rose the most in more than three weeks, driven by commodity companies, after oil and copper prices increased and the yen weakened.
Japan Petroleum Exploration Co. (1662) jumped 4.9 percent after crude oil prices rose to the highest level since May 10 and a brokerage raised its rating on the driller.
Larger rival Inpex Corp. (1605) advanced 3.1 percent to 565,000 yen.
Sumitomo Metal Mining Co., which develops and mines non-ferrous metals, increased 2 percent to 1,294 yen.
Canon Inc. (7751), the world’s No. 1 camera maker, climbed 5.8 percent on a plan to buy back shares.
Toyota Motor Corp. (7203), the world’s biggest carmaker, advanced 1.2 percent after Deutsche Bank AG reiterated its “buy” rating on the company, citing lower sales incentives.
Ricoh Co., an office equipment maker, rose 4.1 percent to 885 yen. The company said it plans to cut about 9 percent of its workforce over the next three years to revive profit growth amid falling sales.

Most European stocks retreated after the head of the group of euro-area finance ministers said the International Monetary Fund may not release its portion of an aid payment to Greece next month.
UniCredit SpA (UCG), Italy’s biggest bank, and Banco Espirito Santo SA (BES), Portugal’s largest by market value, both lost more than 2 percent.
Burberry Group Plc (BRBY), the U.K.’s biggest luxury retailer, tumbled 4.6 percent.
Man Group Plc (EMG) jumped 2.5 percent after the world’s biggest publicly traded hedge fund manager said profit fell less than it had previously forecast and client assets increased.
European stocks consolidated their losses as Jean-Claude Juncker, who leads the euro area’s group of finance ministers, said that the IMF may withhold its 3.3 billion-euro ($4.7 billion) contribution to the 12 billion-euro payment that Greece had expected to receive next month.
Vestas Wind Systems A/S, the largest wind-turbine manufacturer, slumped 5.8 percent to 145.60 kroner.
SIG Plc (SHI) sank 2.2 percent to 148.1 pence after BofA Merrill Lynch cut its rating on the shares to “underperform” from “neutral.”
Bayer AG (BAYN) fell 1.9 percent to 54.71 euros after UBS AG (UBSN) cut its recommendation on the maker of aspirins to “neutral” from “buy,” citing valuation and “less positively skewed” near- term catalysts for the company’s Xarelto blood-thinner.
Antofagasta Plc (ANTO), the copper producer controlled by Chile’s Luksic family, advanced 3.5 percent to 1,258 pence after saying first-quarter profit rose 30 percent as output grew and prices climbed to a record.

Stocks edged higher Thursday as momentum in the technology sector offset disappointing reports on economic growth and the labor market.
Technology shares helped offset broader market losses, with technology blue chip Microsoft (MSFT, Fortune 500) rising 2% and Hewlett-Packard (HPQ, Fortune 500) gaining 1.5%.
Microsoft shares were higher after large shareholder David Einhorn called for CEO Steve Ballmer to step down.
Among other tech names, NetApp (NTAP) shares jumped 7% after the data storage company reported strong quarterly results late Wednesday and issued an upbeat outlook for the current quarter.
The biggest decliners among the blue chips were Merck (MRK, Fortune 500) and Home Depot (HD, Fortune 500), which were both down roughly 1%.
Economy: Evidence of a weaker economy was prevalent in two economic reports released Thursday morning.
The number of Americans filing for first-time unemployment benefit claims remained above 400,000 for the seventh week in a row. Additionally, the government's revised reading on first-quarter growth domestic product remained at 1.8%. Economists expected GDP to bump up to 2%.
Companies: Shares of Tiffany & Co. (TIF) rose more than 8.5%, after the luxury jeweler reported a 12% jump in sales. The company also hiked its quarterly dividend payment to 29 cents per share from 25 cents.
Signet Jewelers (SIG) also fared well, with its stock rising 5%. The retailer, which operates Kay Jewelers, Jared, The Galleria Of Jewelry and chains in the U.K., got a big boost from U.S. sales in its latest quarter.
Shares of MasterCard (MA, Fortune 500) rose 3%, following a joint announcement by Google (GOOG, Fortune 500) -- along with MasterCard and Sprint (S, Fortune 500) -- of a new mobile payment system called Google Wallet.
Computer Sciences Corp.'s (CSC, Fortune 500) shares dropped 13%, after the company's quarterly results came in short of expectations. The company said it earned an adjusted profit of $1.01 a share, while analysts were looking for $1.16 a share.
Freescale Semiconductor (FSL) priced its initial public offering at $18 a share, below its estimated range of between $22 and $24 per share. Shares rose 2% following its IPO.

07:00
Tech on USD/JPY

Resistance 3: Y82.10/20 (May 19 and 24 high) 
Resistance 2: Y81.65 (МА (200) for Н1) 
Resistance 1: Y81.40 (session high) 
Current price: Y81.07
Support 1:Y80.90 (May 18 low, session low)  
Support 2:Y80.20 (May 10 low)  
Support 3:Y79.55 (May 5 low)  

Comments: the pair decreased. The nearest support - Y80.90. Below losses are possible to Y81.40. The nearest resistance - Y81.40. Above growth is possible to Y81.65. 

06:29
Tech on USD/CHF

Resistance 3: Chf0.8710 (50.0% FIBO Chf0.8890-Chf0.8530)
Resistance 2: Chf0.8660/70 (session high, 38.2% FIBO Chf0.8890-Chf0.8530)
Resistance 1: Chf0.8600 (psychological level)
Current price: Chf0.8571
Support 1: Chf0.8530 (session low)
Support 2: Chf0.8500 (psychological level)
Support 3: Chf0.8400 (psychological level)

Comments: the pair updated a historical hlow. The nearest support - Chf0,8530. Below loss may extend to Chf0.8500. The nearest resistance Chf0.8600. Above is located Chf0.8660/70. 

06:24
Tech on GBP/USD

Resistance 3: $ 1.6520 (May 11 high)
Resistance 2: $ 1.6480 (61.8 % FIBO $1.6750-$ 1.6060)
Resistance 1: $ 1.6450 (session high)
Current price: $1.6438
Support 1 : $1.6375 (session low)
Support 2 : $1.6300 (38.2 % FIBO $1.6060-$ 1.6450)
Support 3 : $1.6250 (50.0 % FIBO $1.6060-$ 1.6450)

Comments: the pair grown. The nearest resistance - $1.6450. Above growth is possible to $1.6480. The nearest support $1.6375. Below is  possible decrease to $1.6300. 

06:15
Tech on EUR/USD

Resistance 3: $ 1.4450 (50.0 % FIBO $1.4940-$ 1.3960)
Resistance 2: $ 1.4340 (May 20 high, 38.2 % FIBO $1.4940-$ 1.3960)
Resistance 1: $ 1.4280 (session high)
Current price: $1.4261
Support 1 : $1.4160 (МА(200) for Н1) 
Support 2 : $1.4100 (support line from May 23)
Support 3 : $1.4070 (May 26 low)
 
Comments: the pair grown. The nearest resistance $1.4280. Above growth is possible to $1,4340. The nearest support $1,4160. Below losses are possible to $1.4100.

06:02
UK May House Prices +0.3 M/M; -1.2% Y/Y
05:43
Schedule for today, Friday, May 27 2011:

06:00 UK  Nationwide house price index (May) 0.1% -0.2%
06:00 UK Nationwide house price index (May) Y/Y -1.7% -1.3%
09:00 EU(17) Economic sentiment index (May) 105.8 106.2
09:00 EU(17) Business climate indicator (May) 1.20 1.28
12:00 Germany CPI (May) preliminary 0.0% 0.2%
12:00 Germany CPI (May) preliminary Y/Y 2.3% 2.4%
12:00 Germany HICP (May) preliminary Y/Y 2.7% 2.7%
12:30 USA Personal income (April) 0.4% 0.5%
12:30 USA Personal spending (April) 0.5% 0.6%
12:30 USA PCE price index ex food, energy (April) 0.2% 0.1%
12:30 USA PCE price index ex food, energy (April) Y/Y - 0.9%
13:55 USA Michigan sentiment index (May) final 72.5 72.4

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