Friday, June 3, 2011

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Money smell ...

Once the Roman Emperor Vespasian, laughing chistoplyuystvom his heir Titus, shoved under his nose small coin and asked: "What smell?". "Nothing!" - Replied the bewildered young man. "That's just it, and it is. Money does not smell. Meanwhile, a tax on public toilets "- and the Emperor turned his smug look into the distance, as if sensing that his sentence will be a popular expression, and will outlive the century and civilization.

Still, the ancient ruler mistaken. Because money smell. But not in ours, the physical level of smell. And on tonkomirnom, astral. And that smell acts on the subconscious of people like as well as have an impact on him, such as pheromones. That is why we can be so indifferent to money. And if the earlier "people died in the metal, ie for the gold because gold - a guide to the finest of astral energy, but now they are exposed to "painted papers", because here in this guide acts ... Paint!

Because the art of making notes - it is even more
subtle than coinage. There should not just paint the paper, resembling the student at the drawing class, and put everything in a special way. In addition, the mandatory components of the money - "hairs", "fibers" and so on - vibrate. And these vibrations come into contact with ours, human vibration, which gives the innermost connection between man and money. That such a relationship often goes in unhealthy, satanic passion. A free man, independent of the money - is someone who knows how to live according to the formula: "Own all, but did not consider his". Whoever does not abandon the cash (if it is, of course, not an ascetic, not a hermit, not a saint), but does not bind to it, do not identify themselves with the money. He just use them as dinner spoon, gloves and other household items.

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attention to the fact that the overwhelming most cases, the color of money of different countries prevail or green (green) color, or lilac-purple (or reddish). Why? Secret Science answer to this question is quite specific. Green in the occult - the color of intellect and, therefore, is a product of our brain activity. Lilac-purple shades originated from the idea that the purple, or rather purple - the color of the highest, as a rule, royal authority. Still, the purely purple is rarely used by masters making money. He's too busy. A saturation of purple - it is a privilege of power is not so much earth, how much overhead.

known that the color red is considered activity. That's because for some public meetings, speeches and other similar measures recommended to wear, say, a red tie or - for women - a red blouse. But it is external, "Marketplace" activity. It would seem that the money and the market - things that are more than cooperative. Yes, money is "walking through the market, but their sacred meaning quite different, it is hidden from the people who called the huckster.

Money - is not only the equivalent of labor, but also the energy source of our gratitude to someone for something. And if we do not give money debt, we risk to get to man in the energy dependence. And it is karma that can strike us know from which side and what time. Another thing, if a lender forgave myself its debt to the debtor. And yet a certain energy "tail" may be a debtor to stay. It depends not on the debtor, the creditor, and the mechanism karmic retribution.

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And especially do not recommend usurp someone else's money. Because in terms of esoteric commandment "Thou shalt not steal!" means: "without getting into a heavy karma, depending on who you stole the money!". Such a relationship can last through many later life.

In today's financial crisis, this is especially worth remembering. Remember everyone: those who took the mortgages, knowing it was unlikely to be able to pay for their newly built cottage. And those who detain the salary, if not try not to give employees a well-deserved reward. Himself all sorts of scammers and plutocrats, warming his hands on the crisis, at risk to establish itself not too pleasant continuation of life, or rather lives. The debtor becomes themselves, rather than those who are scammers conned and robbed him. Karmic debtors!

But back to the color and smell of money. And can you imagine after all that for the smell of them come from? You can! Colors and smells in the esoterica are in harmony. Smells there - it's as expensive perfumes the toilet water, only a million times more subtle, more precious than the creation of the great perfumers.

Relatively speaking, the smell of green money - it's something like the flavor of toilet water that has "Green shirt". This may be a smell of freshness and grass, but very persuasive freshness and herbs. And the smell of banknotes, with purple hues, it may be more called obsessive-lavender scent. The word "obsession" here is not a negative and a positive sign. Because otherwise the money could not would so affect our subconscious. And they must do it, because money, as we have said, is energy - energy of our human uneasy relationship. Persistence of money smells - it is their defense against our bad energy deposits.

good or evil?

Still on the money is deposited a lot of negative energy, because sometimes they pass through the hands of these villains, whose black energy is very strong.

That's why after every touch the money is recommended to wash your hands with cold water.

If this is not possible (you're in the market or supermarket), then just go away to the side and make sure if you shake hands on something. Simply shake the air with his hands and fingers, that's all. No matter what the money was now in your hands: big or small. Important point.

There is an interesting question. If the money is so cleverly constructed, what their manufacturers - magicians? Direct manufacturers - no. But those who gave to humanity the money was certainly devoted. Such as magicians, what is always and in all nations considered blacksmiths.

And, of course, Any edits notes, any change in their appearance is not done just so - whether it's rubles, dollars or euros.

example, that the Americans have decided to replace some "greenbacks" to "rosy", means trying to enhance the occult decrepit dollar. Because it is the "rosy" closer to purple color, which means that the color of authority, including the otherworldly, not of this world.

devaluation of money - is always bad. Because there is a weakening their energy functions, which in turn causes a painful reaction in humans.

So after all that there is money? Good or evil? The answer seems to be natural, how much evil was born into the world of money!

And yet, the money - not from evil, not from Satan's servants. Without money, we'd still be changed any fishing hooks on the squirrel skins. And the disgruntled and offended would be no less.

Money will exist as long as humanity is tied to the physical plane of being. Once it goes into a different energy state, where all you can do the idea, the money will disappear. On the early appearance of this new human race increasingly speak not only esoteric, but also scientists. They call it the coming of the quantum jump.

Because money does not need the higher plane of existence, where we go after a reset of our physical shell.

And where exactly you can smell the money. Quite unnecessary there, but is required for normal functioning of our life here.

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Wave Analysis of Forex: the pairs EUR / USD, GBP / USD

EUR / USD, H1

As expected, the single currency on Thursday was a little stronger against the U.S.. Steam rose nearly two figures and trading results was fixed slightly below $ 1.45. Today, despite the fact that the currency pair was able to test maximum of 1.4517, trading took place near the 1.4490 mark. As you can see, a couple
consolidates. And it may mean that in such a tone will tenders prior to publication in the North American session data on the U.S. labor market. Nevertheless, as the main option is expected to restore the euro / dollar on the current values \u200b\u200band the fixation above 1.4517. Is the formation of momentum, "5" Correction (s) ", which will continue to resist 1.4580. An alternative forecast assumes that pyativolnovka completed, and the rollback of the maximum the Asian session - a sign of the beginning of the corrective wave 'C'. Therefore, the pair is allowed to decrease toward 1.44 marks.
Forecast to improve the course.

GBP / USD, H1

Bidding on Thursday took place in conditions of significant motion dynamics of quotations. In the European session, the pair GBP / USD U.S. launched an attempt to increase and tested a maximum of 1.6417. Nevertheless, to consolidate above this mark and continue to restore the pair failed. Followed a small pullback, but trades were closed in favor of the British currency. We believe the correction is practically formed by converging triangle, which is a sign of trend continuation. Therefore, in continuation of the trading day today once again allow the weakening of the British currency against the U.S.. Structure adjustment «(b)» has been extended and today the currency pair entrenched in the 62-second figure, a mark of 1.6270, dostraivaya wave "c". If, however, narrowing the range of trades currency pair to complete its rotation and the resumption of growth, it seems, will mean the development of alternative wave «alt (c)» to technical levels 1.64 и 1.6430.
Прогноз на понижение курса.

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Engineering on GBP / USD on 03.06.2011


GBP/USD 1.6351 – 3 June 2011
GBP/USD Open 1.6359 High 1.6419 Low 1.6304 Close 1.6369

On Thursday Pound/Dollar was trading within 110 pip range, in line with the neutral Interbank sentiment at almost +3%. The Cable appreciated from 1.6304 to 1.6419, than dropped, losing all above gains yesterday, closing the day at 1.6369. Today the British Pound is trading very quietly and within within yesterday’s range for the time being. On the 1 hour chart the upward channel was broken downwards, while on the 3 hour chart trading is within wide range. First resistance is yesterday’s peak at 1.6419. Break above it should extend the bullish movement further towards 1.6540. The nearest support is yesterday’s bottom and level at 1.6304. Going bellow it should extend British Pound’s reduction further down towards next downward objective 1.6190. Today is the UK CIPS services index at 8:30 GMT. Quotes are moving just bellow the almost even 20 and 50 EMA on the 1 hour chart, indicating slim bearish pressure. The value of the RSI indicator is negative and declining, MACD is negative and quiet, while CCI has thinly crossed down the 100 line on the 1 hour chart, giving overall light short signals.
Technical resistance levels: 1.6419 1.6540 1.6667
Technical support levels: 1.6304 1.6190 1.6057
Trading range: 1.6365 - 1.6290
Trend: Downward
Sell at 1.6351 SL 1.6381 TP 1.6301

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Technical Analysis Forex: GBPUSD 03.06.2011


on Thursday after reaching a level of 1.6417 a pound, I canceled the additional script. Today I look at the schedule, GBPUSD course to fulfill it. The level of 1.6417 pound it back to 1.6304 and today is trading around 1.4343 on line Lb. 50% level of support remains for the bulls to 16:30 MSK. expect flat in a narrow price range. Due to possible cross-swings, but the whole picture until 16:30 MSK must meet the forecast. My expectations for peyrolsu on the chart.

Note:

Forecast Green - is the main scenario for the day.
forecast of gray - this is an additional scenario for the case Market abandon the basic scenario.
The notes of the day under a fixed price of only those events that have affected the currency market and filled in as information becomes available. Events in red, had a negative impact on the currency, green positive impact.

Resistance: 1.6383 Release of the report on the labor market in the U.S. reached 45 figures. The price is trading in the zone between the lines U2-U1. This is a bad place before leaving NFP. Traditionally, the first Friday of the month 16:30 MSK I look flat. The report is important for the foreign exchange market, so no news on the eurozone, the right to revert to the line Lb. Since ADP on Wednesday showed that the new jobs in the private sector was established in 5 times smaller than the expected figure (38k vs. 190k), it is likely that the NFP would be worse than forecast 150K. Ie if the report will be released within the 120K-150K, I think the market reaction will be weak on the news. There will have to look at the revision of previous data, as well as unemployment. If the unemployment rate fell by weak data on jobs, it eliminates the negative report. If the rise, the dollar will decline. I think The euro is today able to set a new high.
Note: forecast of gray - this additional script 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 foreign exchange market and filled as information becomes available. Events in red, had a negative impact on the currency, green positive influence.

remains at elevated levels. This indicates the continued weakness in the labor market and increases fears about the outcome leaving tomorrow Labor Report for May. As it was presented, the number of initial claims for unemployment benefits declined by 6 thousand to 422 thousand, the number of secondary applications decreased by 1 thousand and the total value reached 3,711 thousand have decreased U.S. factory orders in April have been falling by 1.2% m / m, when the expected decline only by 1.0% m / m. The largest reduction occurred in orders for motor vehicles machinery and equipment, aircraft and other expensive goods. The main theme of today's news background is employment in the United States. It is assumed that the number of people employed in non-farm payrolls in May increased by 194 thousand, after rising by 244 thousand in April, while unemployment remains at 9.0%. This information, of course, is significant because Market expects to receive new guidelines and evidence. If data will be weaker than expected, as it happened for almost all week at the output of the economic information, the assumption that the Fed will begin the third phase of quantitative easing will have a solid support and pressure on the dollar rise. In addition, the market will provide the composite PMI index of ISM for non-production sphere, the indicator is expected with an increase in May to 53.7 after 52.8 previously. Positives for this indicator can smooth out the situation if it is a problem for the dollar and vice versa add optimism, in the event strong record on labor. Admittedly, these assumptions are valid if confirmed predictions fact.

EUR

In most countries of the euro area has been closed because of the religious holiday, but the news affecting the euro was missing. Macroeconomic statistics did not go, and the single currency was influenced by political events of the plan. A successful auction of the English treasury bills and the information that an agreement in principle plan to help Greece achieved were the main reasons that has crippled the fears and caused massive purchases of the single currency. In addition, the market liked Tight comments Jean - Claude Trichet about the need for the formation of the Ministry of Finance in the EU and a deeper intervention in economic policy Eurozone countries that are struggling with the debt crisis. According to reports, the new agreement on aid to Greece can be achieved if governments Eurozone countries agree with the requirements of Germany that provides for the participation in the financing of private sector creditors and the availability of programs in the country austerity and privatization. The specific value of the plan is still unknown, but it was a warning that he will surpass the amount of the assistance program of 110 billion euro, which was agreed in May last year. The main object of attention among the news today, leaving the EU will be information about the final Purchasing Managers Index (PMI) services in Germany and the Eurozone in May. It is assumed that the rate of decline compared to April in Germany to 54.9 from 56.8, and the euro area up to 55.4 against 56.7. Composite index PMI, across the euro area is likely to also celebrate the May decline, to 55.4 after level of 57.8 previously. This, of course, does not give any reason for optimism, as if the indicator will be worse than expected, the popularity of the euro is much worse. However, fundamental to the present day will be information from the U.S. and the response to other news can be restrained.

GBP

British pound showed multidirectional volatility in trading on Thursday, but finished the day with a plus against the dollar. Support sterling provided good data on the economy were better than forecast. Increased activity in the UK construction sector accelerated in May after declining in April and the Purchasing Managers Index (PMI) for the construction sector, not as an example indicator production sector rose to 54.0 vs. 53.3, when the projections were reduced to what is observed in 53.7. Maintaining a good mood and has contributed to such component of the report, as new orders showed a significant increase, indicating good prospects. In addition, the solid growth of purchasing prices for raw materials construction noted in the report and are a major factor of inflation, increased expectations that the BoE will go to higher rates in the near future. Today market will be the last part of the picture of business activity in Britain - will publish the May PMI index for the services sector, which is the most voluminous on "islands" and which contributes the lion's share in GDP. It is assumed that the rate will rise a bit and show 54.4 after 54.3 in April. If actual results will be worse than expected, the "cable" will again be under pressure. At the same time all the transaction date will be made with an eye to the top American session, when the employment report will be released in the U.S..
Japan's currency also was in a multidirectional movements of the dollar in trading on Thursday and finished the day with a plus. The uncertainty of the political plan associated with a vote of confidence in the Prime Minister of Japan, at the beginning of the day pressed on the yen. However, news, which determined a negative for the dollar, amid reports by Moody's of a possible revision to the worst rating of the U.S., and malovpechatlyayuschie data on the state's economy, the yen helped turn the tide. Data on Japan's economy today is not published, the market will be waiting for data on employment in the U.S., but the ongoing political crisis in Japan is also likely to be influenced. On the Asian session, the yen strengthened against the dollar, possibly this is a consequence of the desire of investors to sit out in the shelter before the new guidelines.
Analyst: Arkady Nagiyev

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Technical Analysis Forex: EURUSD 03.06.2011



EUR / USD
Trading range: 1.4450 - 1.4555 Trend: Upward Buy at 1.4464 SL 1.4432 TP 1.4541

USD/JPY
Trading range: 80.90 - 79.95
Trend: Downward
Sell at 80.77 SL 81.09 TP 80.05

GBP/USD
Trading range: 1.6320 - 1.6435
Trend: Upward
Buy at 1.6333 SL 1.6301 TP 1.6421

USD/CHF
Trading range: 0.8460 - 0.8355
Trend: Downward
Sell at 0.8446 SL 0.8478 TP 0.8362


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U.S. dollar again was under pressure






EUR/USD 1.4480 – 3 June 2011


EUR/USD Open 1.4481 High 1.4518 Low 1.4324 Close 1.4487


On Thursday the Euro/Dollar resumed increasing with 190 pips. The European currency appreciated from 1.4324 to 1.4514 yesterday, matching the positive Interbank sentiment projection at over +3%, closing the day at 1.4487. This morning the pair rose slightly further, reaching 1.4518. On the 1 hour chart the upward channel has renewed, while on the 3 hour chart trading is in the middle of a wide range. Break above the nearest resistance and today’s top at 1.4518 may trigger further strengthening of the Euro. Going bellow yesterday’s bottom and first support at 1.4324, however, would confirm continuation of the bearish trend, towards next important objective downwards 1.4210. Today’s focus is on Italy, France, Germany and EU17 PMI, at 7:45, 7:50, 7:55 and 8 GMT respectively. Quotes are moving just above the 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is positive and inclining upwards, MACD is positive and declining, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving overall light long signals.
Technical resistance levels: 1.4518 1.4630 1.4748
Technical support levels: 1.4324 1.4210 1.4100


Trading range: 1.4470 – 1.4540

Trend: Upward

Buy at 1.4480 SL 1.4450 TP 1.4530

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Daily Forex Forecast 03.06.2011


EURUSD stays in a rising price channel on 4-hour chart, and remains in uptrend from 1.3969. As long as the channel support holds, uptrend could be expected to continue and next target would be at 1.4550. However, a clear break below the lower border of the channel will indicate that a cycle top has been formed and the rise from 1.3969 has completed, then the following downward move could bring price back to test 1.3969 support.



Thursday, June 2, 2011

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Engineering on EUR / USD on 03.06.2011

EUR / USD, H1
Trades Past with a slight strengthening of the U.S. currency, despite the publication of disappointing U.S. macroeconomic data. It is worth noting that the European session was closed in favor of the euro, at the same time was tested maximum of 1.4458. Since yesterday, the script was not executed in full, now the euro / dollar is likely
, continue recovery, which confirmed Asian session. Apparently, the corrective wave "4" finished. Involves strengthening of European currencies against the U.S. as an impulse "5" Correction (s) "toward the maximum of 1.4458. However, it is possible that yesterday's weakening euro against the Americans - a sign of a more deep correction. Therefore, in the case of reduction of the currency pair from the current position to execute the script according to which at the moment is the development of correction "C". Target levels will be a mark 1.4250 and 1.4220.
forecast to increase rates.
As expected, during the trading session to a pair of British GBP / USD has demonstrated reduction, forming the latest wave of "c" in the correction of «(b)». Reaching a minimum of 1.6315, the pair made a slight rebound to the present since consolidated near the 1.6335 mark. The main scenario for today suggests that the wave of «(b)» completed. And as soon as the British currency will recover against the U.S. in order to develop a wave "(c) in the direction of the levels 1.64 and 1.6430. At the same time, if the background of reducing the appetite of participants Market risk dollar will strengthen against the pound, may be made a scenario in which the wave "with" the alternative correction «alt (b)» is not yet complete. Allow its development in the region of 62-second figure, the level of 1.6250.

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EURUSD stays in a rising price channel

As usual, no one expected that the U.S. economy is not very much. Investors are so naive that they believe all the pre-election speeches will ... ... ... deepen the future for America ... right now. Voschem stock market fell back after the publication of : Number of new jobs, the index of the dollar and the euro is natural, too, participated in this movement and it does not matter in what direction. Poupat always collapses scary. It appears at first when waiting quotes back to support, but when they go out there scared. So the euro is still in the uplink, is testing the important level of 1.4450, which yesterday wrote. Do not take the level from the first time, that's fine, but the news helped relieve the tension with the trend. It is in the nature of the tool drive between the levels. Total weekly IB was broken up, shaking out on the news the usual reception. Following items serious resistance to 1.4508. Let's see of course Will increase purchases pridvizhenii up or 1.4420-1.4440 start selling on povtornoem test. The final dismantling of an Prenda for this week can be considered breakdown of the 1.4250-1.4240 down, then you can open the positional shorts. In the meantime, well tried zatorgovat hole, where Tuesday flew, so what, again, we climb in the balance yesterday day. Albeit with a squeak. Now the balance of power about the same. On the market there are no strong players. Cumulative delta current day slightly negative. So until the situation becomes clearer, only the scalp, max 20 points.

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Wave Analysis of Forex: the pairs EUR / USD, GBP / USD



GBP / USD 1.6317 - 2 June 2011 GBP / USD Open 1.6335 High 1.6497 Low 1.6304 Close 1.6331
On Wednesday Pound / Dollar decreased significantly with 180 pips, in converse with the positive Interbank sentiment at above +8%. The Cable depreciated from 1.6497 to 1.6314 yesterday, closing the day at 1.6331. Today the British Pound weakend further, dropping down to 1.6304. On the 1 hour chart the upward channel was broken downwards, while on the 3 hour chart trading is within wide range. First resistance is yesterday’s peak at 1.6497. Break above it should extend the bullish movement further towards 1.6618. The nearest support is yesterday’s bottom and level at 1.6304. Going bellow it should extend British Pound’s reduction further down towards next downward objective 1.6190. There are no major economic events for UK today. Quotes are moving bellow the 20 and 50 EMA on the 1 hour chart, indicating bearish pressure. The value of the RSI indicator is negative and calm, MACD is negative and quiet too, while CCI has crossed down the 100 line on the 1 hour chart, giving overall light short signals.
Technical resistance levels: 1.6497 1.6618 1.6750
Technical support levels: 1.6304 1.6190 1.6057
Trading range: 1.6330 - 1.6255

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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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Appliances on GBP / USD on 02.06.2011







EUR / USD
Trading range: 1.4335 - 1.4435
Trend: Upward
Buy at 1.4347 SL 1.4315 TP 1.4424

USD / JPY
Trading range: 81.20 - 80.30
Trend: Downward GBP / USD
Trading range : 1.6310 - 1.6420
Trend: Upward Sell at 0.8436 SL 0.8468 TP 0.8352

PS It publishes free daily review of 11 hours am Moscow time. The daily forecast is presented only for the European trading session.
PPS Stop-loss, a necessary condition for the recommendations!

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Technical Analysis Forex: GBPUSD 02.06.2011


EUR/USD 1.4361 – 2 June 2011


EUR/USD Open 1.4345 High 1.4459 Low 1.4306 Close 1.4325
On Wednesday the Euro/Dollar adjusted downwards with 150 pips. The European currency depreciated from 1.4459 to 1.4306 yesterday, not matching the positive Interbank sentiment projection at almost +16%, closing the day at 1.4325. This morning the pair is trading quietly, and within yesterday’s range for now. On the 1 hour chart quotes are testing the lower limit of the upward channel, while on the 3 hour chart trading is in the middle of a wide range. Break above the nearest resistance and yesterday’s top at 1.4459 may trigger further strengthening of the Euro. Going bellow yesterday’s bottom and first support at 1.4306, however, would confirm continuation of the bearish trend, towards next important objective downwards 1.4200. There are no major economic events for EU today. Quotes are moving just bellow the almost even 20 and 50 EMA on the 1 hour chart, indicating slim bearish pressure. The value of the RSI indicator is negative and hesitant, MACD is negative and tranquil, while CCI has thinly crossed down the 100 line on the 1 hour chart, giving overall light short signals.
Technical resistance levels: 1.4459 1.4570 1.4684
Technical support levels: 1.4306 1.4200 1.4077


Trading range: 1.4350 – 1.4425

Trend: Upward

Buy at 1.4361 SL 1.4331 TP 1.4411




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Technical Analysis Forex: EURUSD 02.06.2011


participation in the euro area countries such as Greece and Ireland.

question arises: if it were not for the euro, which would mark was before the crisis, and most of its height, that is, at the moment? And the answer is simple, and it boils down to the fact that in this case, the German economy would not grow at 4% a year, and would barely trailed.

should remember that Germany is very cares for its exports and is always worried about how not to lose their external markets. In one of his earliest works economist Albert Hershman studied history of political debates on the topic of German trade with the late 19 th century. He noted that the export has always been seen as a key component of economic development country. Modern conditions, in fact, contribute significantly to the maintenance of this development, but, perhaps, lie at its core.

If open recognize the benefits that has at its disposal Germany can somewhat change the story, giving Germany a greater responsibility for the output of the crisis. Participation in Germany can take two forms: assistance to economic growth and debt relief. The experience of hyperinflation has not passed for the country without a trace. Now, somewhere at the genetic level, the country tends to price stability by any means. Rest of the world it understands and accepts granted.

But the country has joined the monetary union, with the central bank, which forms the common monetary policy, aimed at maintaining low inflation. This means that when other countries need to strengthen the competitiveness (and Greece is needed), more powerful neighbors, such as Germany, should increase demand and to accept some inflation. Greece is now caught between a rock and a hard place: it pays a high political and economic price for fiscal consolidation, but investors in this case still does not believe in the light at the end of the tunnel. Yields on Greek bonds indicates that a default almost inevitable that will completely destroy the country's investment climate. Prolonged instability and uncertainty about the financial prospects linked the fact that Germany (and France) do not want to incur losses on toxic assets to the Greek of their banks.

easy way to Greece more assistance - to release the "blue notes", recently proposed by German economists. They argue that the EU countries (or euro area) should provide part of the national debt in the pool (possibly up to 60% of the total) who will represent the national debt even higher level and use advantages of joint and sole guarantee. If the euro gets an asset that will be attractive enough for countries and investors, he can become a real reserve currency, which would reduce borrowing costs for Europe in general. Reducing the cost of servicing a large part of Greek debt will greatly help the country.

Paul de Grove recently proposed to change the principle of "blue bonds" so as to provide a financial advantage Germany. In this case, contributions from the servicing of these bonds will be different: countries with low debt / GDP ratio will be paying less. This amendment eliminates the main cause of disagreement with the idea of \u200b\u200bGermany's blue bonds. Meanwhile, Germany is interested in maintaining the viability of euro, already the only reason she should accept. However, if Germany will go to more substantial concessions - will actively stimulate domestic demand and put up with inflation higher than in the euro area as a whole, it is, therefore, pay back to Greece for the growth of German competitiveness and prosperity of the export sector and economic development.

Prepared Forexpf.ru based on The Financial Times
Average:




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basic principle of financial risk management is the joint participation. The more diversified financial portfolios, the more people who share the inherent risks, and the less impact any particular risk to the individual. Theoretically, the ideal situation is when the financial contracts are distributed worldwide, with each investor owns a fraction, and none of them is in terms of excessive risk. Example of Japan shows that despite the complicated structure of our financial markets, we are still very far from achieving the ideal. Given the lack of effective management of huge risk, even in the twenty-first century financial sector actually remains fairly primitive. A recent World Bank study, it was estimated that

damage from the triple disasters (earthquakes, tsunamis and the nuclear crisis) occurred in March, may ultimately do in Japan at 235 billion dollars (Not counting the lives tragically lost people). This is about 4% of Japanese GDP in 2010.
Given the strong public response in terms of charity help to eliminate the effects of the disaster, and voluntary contributions to Japan, you might think that the economic losses were divided into international level. However, the papers proposed to move such payments from foreign countries into the hundreds of millions of dollars - which is less than 1% of all losses.
Japan needed was a real joint participation in the financial risks: charity rarely plays a big role. Insurance companies operating in Japan, recover some losses. The same World Bank study estimated that the total amount of claims against insurers in Japan, may eventually make 33 billion dollars. It is clear that the insured risk was a fraction of the total risk. In addition, much of this risk, even if he insured, still carries Japan: he was not effectively distributed among foreign investors, however, Japan continues to bear the costs alone.

Before the crash, Japan has issued bonds associated with the aftermath of the earthquake, the amount of $ 1.5 billion, as a means of risk management: debt is canceled in the event of a specific seismic event. This project facilitated the distribution of risk associated with earthquakes, between Japan and foreign investors who were willing to take risks, and which fascinated a large prospective return. Unfortunately, the $ 1.5 billion - Is little more that can bring the charity - but only a drop in the bucket compared to the scale of damage. Moreover, even this triple disaster often do not meet the definition of seismic event, specified in the bond agreements. Much more is required of bonds associated with the risk catastrophes, and they should be much more efficient.
Of course, compared with two Japanese "lost decade", held since 1990., Triple disaster this year does not look so great. In the 1980s, real GDP growth per capita in Japan has averaged 3.9% per year, but since the early 1990s - just 1.4%. If growth in real per capita GDP after the 1990s, continued at the level of the 1980s, the Japanese economy would be 60% larger than today - considering the losses trillions of dollars.
Japan could insulate themselves from many unwanted vibrations of GDP, if properly managed this risk. Although no country ever to do so in such a large scale, it is now important to apply this innovative approach. Many economists argue that countries must cover their risks through the issuance of another type of public debt, tied to their own GDP, or a similar indicator of economic success.
In its simplest form, the securities would represent a share of GDP. Canadian economist Marco Kamstr proposes to issue shares titled "Trill" on which dividends would be paid each year in the amount of trillionth of GDP for this year in local currency. If the Japanese government released "Thrill" in the 1990s, when nominal GDP in Japan was 443 trillion. Yen, dividends paid to investors for the first year would amount to 443 yen. Each year thereafter, the dividends paid would be hesitant depending on changes in GDP. Investors around the world took to the risks associated with the Japanese GDP in exchange for alleged profits, as well as in the case of bonds associated with the risk of accidents.
«Trill" is likely to be sold on a very high price in the 1990s may yield dividends would be within 1%. Ultimately, people in the 1990s, having witnessed the recent high growth rates expected to rapid growth in Japanese GDP in the subsequent decades. In 2010. when GDP was only about 479 trillion. yen, the same "Trill" would bring the dividend of 479 yen, not much more than the initial profit, and it is no doubt disappointing to many investors.
Thus in the case of minor expectations terms of growth, "Trill" probably would have had now a much lower cost. This low value would be a disaster for investors, but a boon for Japanese, compensating them losses. Given the current concern about the high ratio of public debt to GDP, which is now is 202% on a gross basis, need to think about the fact that it is likely it would be much less if in the past, Japan would use the funding mainly through the "Trillo", rather than the traditional debt and issue them to investors worldwide.
Robert Shiller, an economics professor at Yale University and chief economist at MacroMarkets LLC

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GBP/USD 1.6477 – 1 June 2011
GBP/USD Open 1.6462 High 1.6548 Low 1.6422 Close 1.6445

On Tuesday Pound/Dollar decreased significantly with over 120 pips, in converse with the positive Interbank sentiment at nearly +8%. The Cable depreciated from 1.6548 to 1.6422 yesterday, closing the day at 1.6445. Today the British Pound is trading hesitantly and within yesterday’s range for the time being. On the 1 hour chart the upward channel has slowed down, while on the 3 hour chart trading is within wide range. First resistance is yesterday’s peak at 1.6548. Break above it should extend the bullish movement further towards 1.6669. The nearest support is yesterday’s bottom and level at 1.6422. Going bellow it should extend British Pound’s reduction further down towards next downward objective 1.6300. Today are UK CIPS manufacturing index, M4 money supply and the Consumer credit, all at 8:30 GMT. Quotes are moving just above the almost even the 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is positive and inclining upwards, MACD is negative and quiet, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving overall neutral to light long signals.
Technical resistance levels: 1.6548 1.6669 1.6800
Technical support levels: 1.6422 1.6300 1.6168
Trading range: 1.6465 - 1.6540

Wednesday, June 1, 2011

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Engineering on EUR / USD on 02.06.2011

Euro instrument.Ego really insidious deceit that technical analysis of millions of followers, opposed to seasoned corporate traders aimed to take your money. Euro Tool reversal and therefore difficult for intraday trading if you try to play position. Stop must be removed if he is placed "on the Elder" or other preachers of the TA. This is so lyrical digression after zaderga for feet at 10.30. What I am saying this to the fact that we have a starting balance for the coming week, which is broken up into aziatsoy session. And also there is very important from the point view of the prospects for further growth rate 1.4450. The tip of the "bell" formed after the rejection level of 1.4850. This is a level which converge in one place a month April POC-1.4460 and the middle of the range in April 1.4468. Above the zone begins rapid price movements. Usually such "coincidences" attracted the attention of large pozitsionschikov. The level is expected to be heavy with a lot of spreading room. Not the fact that it will be rejected and the market is necessarily grohnetsya at 1.3700. There are exactly two figures before the next important April barrier VAHM-1.4640, sovadayuschy with a hole in the bulk, which miraculously painted strike 1.4660 to call on the current contract. The idea is still in stock 3 trading day and 200 points.


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EUR / USD
Trading range: 1.4455 - 1.4355
Trend: Downward
Sell at 1.4442 SL 1.4474 TP 1.4365

USD / JPY
Trading range: 81.05 - 82.00
Trend: Upward
Buy at 81.16 SL 80.84 TP 81.88

GBP / USD
Trading range: 1.6490 - 1.6380
Trend: Downward
Sell at 1.6479 SL 1.6511 TP 1.6391

USD / CHF
Trading range: 0.8510 - 0.8620
Trend: Upward
Buy at 0.8523 SL 0.8491 TP 0.8607