Thursday, June 2, 2011

Dc Strip Club Employment

trading plan pair EURUSD at 02.06. 2011


Against the backdrop of weak data in Britain Pound / dollar fell to the estimated target prediction. After how the rating agency Moody's announced lowering the credit rating of Greece, the fall of the pound against the U.S. dollar growth across the market, accelerated to 1.6314. Was passed the level of 38,2% as well as the wave from 1.6494 to belittle the 100% level of wave 1,6546-1,6422. This is a plane with an extended wave C. 161.8% at the level of 1.6293. Through the 1.6302 level passes 50% level. I think that price is delayed in the area 1,6302-1,6293.
Forecast Green - is the main scenario for the day.
forecast of gray - this is an additional scenario in case the market will refuse the basic scenario.
The notes of the day under a fixed price of only those events that have influenced the exchange market and are filled as information becomes available. Events in red, had a negative impact on the currency, green positive influence.

Resistance: 1.6352 evrobykov, although there were factors for the growth to 1.4457. After rating agency Moody's announced lowering the credit rating of Greece just three points, the course Euro / dollar reached a calculated level of 1.4325 (yesterday's target for the forecast). The fall of stock indices, oil prices and foreign exchange commodity currencies have consolidated downward wave.

I think a fair price for the euro at 1.4265 Thursday. This level of 38,2%. Passes below the line D3. From this level can be prepared for publication Friday Report NFP.

Note:
Forecast Green - is the main scenario for the day.
Resistance: 1.4344 previous session, when they were released weak economic data in the States. But later everything changed - the dollar rose against European currencies and fell with respect to the yen. Reason for changing attitudes to the euro continues to be debt problems of Greece and the uncertainty in their decision. The market has passed the information, The International Monetary Fund may not pay the next tranche of assistance to the Balkan country. Drop in the popularity of sterling contributed yield data on the economy is weaker than expectations in Britain. Japan's currency has recorded steady the pole against the Bucks in yesterday's auction, because results on the economy States newly issued disappointing picture. investors doubt that the main Report on the work that goes on Friday, will show the forecasted level, and not be worse. Further blow to the "green" data produced from the Institute of Management U.S. deliveries (ISM), demonstrating the fall of the PMI index for the industrial sphere, the indicator fell in May to 53.5 against 60.4 in April, while expected, that it will be 57.0. Nevertheless, the "buck" to weather these troubles and kept the resistance against the Europeans, but collapsed with respect to the yen. Perhaps some support the U.S. currency had cost data in the United States for the construction, which rose in April by 0.4% m / m to 764.98 billion dollars a year, forecasts were waiting less increased only by 0.2% m / m. Among the news on the U.S. economy, which will be released today, you can select the data on the number of initial applications for unemployment benefits last week, where the wait for a small increase to 427 thousand, after 424 thousand previously, and information about the volume of industrial orders in April - is expected to see a decrease of 0.3% m / m, after rising by 3.0% m / m in March. Simply put, the statistics again promises cause for optimism and a chance to continue to grow, for the "bucks", can be no less disappointing data on European economies and the negative news in the plan address the issue of aid to Greece.

EUR

In early trading past Day observed strengthening of the euro against the dollar, but then the European currency was under the influence of swirl of news, issues relating to Greece, determined the multidirectional mood. First passed the message that Germany is likely to not agree to pay the last tranche of financial aid package for Greece and the International Monetary Fund will not make its share of the next tranche of this country. The information was then to continue the development of a new agreement on assistance to Greece, made adjustments and supported the euro, but the final factor of pressure on the single currency was a message that the rating agency Moody's again downgraded Greece. In the end of the day the euro recorded a loss against the Bucks and their contribution to this result have the news on the eurozone economy. Production sector in May showed the sharpest slowdown in two and a half years. Final Purchasing Managers Index (PMI) for the production sector fell in May to the level of 54.6 against 58.0 in April, when 54.8 was supposed to see, ie, in accordance with the original estimate. Similar dynamics was noted by the figure in the EU's largest economy, Germany, there were 57.7 after 58.2. Today, statistical data on the EU economy will not be due to holidays, news background will provide performance ECB President Trichet, the rhetoric is different, in recent times, some softness in matters of monetary policy. If such a tone will sound and today, the euro will continue its way down.

GBP

sentiment on sterling, which also began to strengthen against the Bucks at the beginning of the day, spoiled economic data UK. The first publication on business activity in the "islands" demonstrated clearly the comforting picture - Purchasing Managers Index (PMI) for the production sector had reached its lowest level in nearly 2 years. In May, fell to 52.1 against 54.4 in April, when the projected decline of only to 54.2. This is a shock to expectations the Bank of England raising interest rates and increased doubt that GDP will continue to Britain's already sluggish growth. Published together with PMI data on lending to small increases, but did not make adjustments to the market. Consumer lending in April rose slightly by 1.2 billion pounds after +1.1 bn in March. Net mortgage lending grown up in April by 700 million, compared with growth in March to 500 million pounds, while the number of mortgage approvals was the lowest this year and amounted to 45,166 after the 47,100 previously. Aggregate M4 money supply increased by 0.1% m / m -0.9% y / y after a 0.1% m / m -1.1% y / y. Today economic news "islands" not much, just present the PMI index for the construction sector in May, it is expected that this indicator will increase to 53.7posle addition, as observed in April 53.3. If this part of the overall picture of business activity will be worse than expected, then sterling will remain under pressure. Although, I suppose, that even when the data within forecast the mood for sterling remains negative, as next PMI, its service sector of the country, is projected to decrease, giving reason to believe that the regenerative processes in the islands is clearly slowed.

JPY
Analyst: Arkady Nagiyev

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