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  1. Forex Daily Outlook – June 2 2011

    by , 06-01-2011 at 06:09 PM
    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%.

    Read the rest of the article [B][I][URL=""]Forex Daily Outlook – June 2 2011[/URL][/I][/B]
  2. GBP 30min chart 2011-05-31

    by , 06-01-2011 at 12:12 PM .
    See more charts at AbleSys Free Webinars
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  3. ISM Manufacturing PMI Dives - Risk Aversion Continues

    by , 06-01-2011 at 10:27 AM
    [B]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.[/B]

    USD/JPY is now around 80.70. USD/CHF fell below 0.84. EUR/USD initially dropped but is now moving higher, at 1.4430. Resistance is at 1.4450. USD/CAD is on the rise, as US weakness is bad for Canada. GBP/USD ticks higher, but is limited by 1.6430.

    Read the rest of the article [B][I][URL=""]ISM Manufacturing PMI Dives - Risk ...
  4. EUR/USD Remaining Strong As Greek Deal Anticipated Soon

    by , 06-01-2011 at 06:33 AM
    [B]EUR/USD remains at a safe distance above high support as hopes that a Greek deal will be published as soon as tomorrow boost the common currency. Also US weakness aids the pair. We have important US data towards today. Here’s a quick update on technicals, fundamentals and what’s going on in the markets.[/B]

    EUR/USD Technicals

    Asian session: An active session saw the pair move further away from the 1.4375 support line, and bounce off resistance at 1.4450.
    Current range 1.4375 to 1.4450.

    Read the rest of the article [B][I][URL=""]EUR/USD Remaining Strong As Greek Deal Anticipated Soon[/URL][/I][/B]
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