Sterling Slides After BOE Minutes, Ahead Of Darling Speech

Sterling is falling heavily Wednesday after an earlier spike as the Bank of England sounded a note of caution on sterling's recent climb and nerves build over a speech by U.K. Chancellor of the Exchequer Alistair Darling later in the day.
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Euro-Zone Trade Surplus Increased In Apr

Euro-Zone Trade Surplus Increased In April," at 0900 GMT, misstated the amount of imports in March in the fourth paragraph. The correct version follows.)The euro zone's balance in trade in goods with the rest of the world increased in April to the largest surplus since October 2007
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GBP/USD: Pound dips to 1.6260 low

The Pound has lost more than 200 pips during the European session as failure to break above 1.6480 has driven the pair to 1.6260 low so far.Immediate support level lies at 1.6240 (Jun 10 and 15 low) and, in case of further weakening, 1.6210 (Jun 16 low) and 1.6100. On the upside, resistance levels lie at 1.6300, and above there, 1.6350 and 1.6425.
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Greece's 1Q Turnover Index In Tourism Down 4.1% On Yr

The turnover index in Greece's key tourism sector fell by 4.1% in the first quarter on the year earlier, according to data from the National Statistics Service Wednesday, highlighting the impact of the global economic slowdown.
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3rd UPDATE: UK May Claimant Count Rise Slowest In 10 Mos

There was further evidence that the worst of the U.K. recession may be over, with the claimant count measure of unemployment rising at its slowest pace in 10 months and April's increase revised downward, official data showed Wednesday. The Office for National Statistics reported that the jobless claimant count rose 39,300 in May, compared with April's 49,600 increase. The claimant count rose by 136,000 back in February.
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Japan Government Upgrades Econ Assessment For 2nd Straight Month

The Japanese government upgraded its overall economic assessment for the second straight month in June, saying that with exports and industrial production improving the economy is expected to pick up
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EUR/USD: Rejection at 1.3930 brings the Euro to 1.3850 support

The Euro has weakened slightly during European trading hours; after being rejected at 1.3930 resistance level, the Euro has pulled back to 1.3850 support.
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USD/JPY bounces at 96.10 and tests 96.50 resistance

After falling around 65 pips from intra-day high at 96.77 and rebounding at 96.10, USD/JPY has risen 40 pips in the last hour to test 96.50 resistance. Currently the pair is rising 0.45% so far today from 96.01 opening price to the current 96.35/45.
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Basel II allows banks to match their capital levels more closely to individual risk profiles than previous regulations had allowed

European Central Bank Governing Council member Vitor Constancio said Wednesday the implentation of Basel II capital rules had led to excessive risk-taking by banks. "Basel II we can say today was an error," Constancio said in the Portuguese parliament.
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"Good Evidence" Government Measures Working To Help Econ

U.K. Prime Minister Gordon Brown said the measures the government has taken to soften the economic downturn appear to be working.
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GBP/USD finds support at 1.6230, back to 1.6270

The Sterling decline against the Greenback in the European morning from 1.6480 has finally found support at 1.6230 and the pair has been launched to levels close to 1.6270. GBP/USD is declining 0.65% so far today from the opening price to the current 1.6255/65.
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GBP/USD bounced at 1.6373, back close to 1.6500

The Pound's rally suspended at 1.6507, intra-day high, has been resumed at 1.6373 support in the early American session (After the 135 pips rejection movement), to jumps above 1.6450 and go up to levels close to 1.6500 again. Currently the pair is trading around 1.6470/80, 1.20% above today's opening price.
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Peru's Carranza Sees 'Important' 3Q And 4Q Economic Recovery

Finance Minister Luis Carranza said Tuesday the decline in Peru's economic growth likely will hit a floor in the second quarter and the economy will post an "important recovery" in the third and fourth quarters. Carranza made his comments in a speech.
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US Airline Employment Falls 5.5% In April:Transportation Dept

Employment at U.S. passenger airlines fell 5.5% in April from a year earlier, according to the Department of Transportation's Bureau of Transportation Statistics, as carriers continue to shrink capacity.
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Housing Finds Footing But US Still Mired In Recession

The U.S. housing sector may have finally found its footing while inflationary pressures remain muted, government reports released Tuesday showed. However, another steep decline in industrial output served as a sober reminder that even if the 18-month-old recession is losing some of its steam, it shows no sign of actually ending, and a return to rapid expansion is unlikely for many months at least.
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Spanish Union Chief: May Suffer Dramatic Job Losses In Autumn

Spain's sluggish economy may be heading toward an autumn of massive job losses once the impact of recent government stimulus fades, a top union leader said Tuesday. "The autumn could be as dramatic as the first few months of this year for the economy and for the labor market," Ignacio Fernandez Toxo, the chief of labor union Comisiones Obreras, said during a conference in Santander.
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USD/JPY's decline finds support at 96.20

The 130 pips rejection movement from 97.30 has found support at 96.20 level. The pair has begun to rise slightly to levels above 96.40. Currently the pair is trading around 96.35/45, 1.30% below today's opening price.
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ECB Tumpel-Gugerell:To Do Everything To Help Stabilize Latvia

The European Central Bank will do all it can to support Latvia's economic stabilization, one of the bank's top officials said in a newspaper interview published Tuesday.
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USD/CHF rebounds from 1.0825 and rises to 1.0890

USD/CHF has been bounced at 1.0825 again in the American session and it has been launched above the 1.0850 to levels close to 1.0890.
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GBP/USD falls close to 1.6400

Cable has been unable to reach 1.6500 levels in the last hour and the pair has fallen from 1.6480 to test the 1.6400 level. Despite the rejection, the pair is trading on the positive daily side yet, rising 0.90% so far today from opening price to the current 1.6400/10.
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ECB Weber Sees No Need For Further Monetary Policy Steps

There is currently no need for additional monetary policy measures from the European Central Bank, a member of its 22-strong rate-setting governing council said Tuesday.
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Mexico's Stocks Move Lower, Led By Cemex; IPC Index Down 2%

Mexico's stocks gave up modest early gains and were sharply lower mid-session Tuesday, led by shares of cement company Cemex (CX). The IPC index of leading issues was down 2% to 24,412.82 points around 1:41 p.m. EDT
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USD/JPY moving in a range between 96.50 and 96.20

The yen is rising against the Dollar so far during the American session. USD/JPY rally downside finding support at 96.20 above intra-day low at 96.07 reached earlier.
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ECB's Mersch: Sees Positive Econ Growth Rates From Mid 2010

The European Central Bank expects the euro-zone economy to return to positive growth rates in another 12 months time, a key policy maker said Tuesday.
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EUR/USD founds support at 1.3825

Markets are falling in the U.S. for second day in a row. EUR/USD is rising for the day, but during the American session the Dollar has recovered some ground.
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C$ Cedes Early Gains To End Slightly Lower

The Canadian dollar rose alongside other currencies and traded as high as the C$1.1220 area in Tuesday's early going, as the U.S. dollar was set on the defensive globally by resurgent concerns about its ability to continue as the world's dominant reserve currency.
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Spain Union Chief Sees Dramatic Job Losses In Autumn

Spain's shrinking economy may be heading toward an autumn of massive job losses, highlighting the need for an agreement on broader social benefits for the unemployed
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Brazil Real Ends Weaker As Reserve Currency Change Talk Wilts

The Brazilian real closed weaker against the U.S. dollar as the greenback strengthened globally Tuesday, and talk of a change in the reserve currency came to naught
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Mexico's Stocks Close Lower On Cemex, US; Peso Ends Weaker

Mexican stocks fell for a second consecutive session Tuesday, pulled lower by cement company Cemex (CX) and a negative reaction in the U.S. to economic data.
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GBP/USD tests support at 1.6400

The Pound moved in sideways during the American session. First rose to 1.6475 near intra-day high at 1.6507 and then fall to 1.6385 which is 165 pips.
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Argentina's Stocks Sink In Delayed Reaction To World Decline

Argentine stocks fell Tuesday in a delayed reaction to the previous day's declines in other world markets.
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US Consumer Confidence Down 2 Points Latest Week

U.S. overall consumer confidence fell last week, according to an ABC News poll released Tuesday. The consumer comfort index fell two points to -49 in the week ended June 14, from -47 a week earlie
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Colombia IGBC Stock Index Dragged Down By DJIA; Peso Weaker

The Colombian benchmark IGBC stock index fell Tuesday, dragged down by shares in New York and markets in the region. The IGBC benchmark index fell 1% to 9571.99 points, after rising four days in a row
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UK Darling:Changing Tripartite Setup Won't Stop Future Crises

The U.K. won't prevent future bank crises by reworking its tripartite regulatory structure, Chancellor of the Exchequer Alistair Darling will signal in his annual Mansion House speech Wednesday evening.
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Changing Tripartite Setup Won't Stop Future Crises

The U.K. won't prevent future bank crises by reworking its tripartite regulatory structure, Chancellor of the Exchequer Alistair Darling will signal in his annual Mansion House speech Wednesday evening
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Brazil Rises To 8th Rank In Emerging Mkt Retail - A.T. Kearney

The annual study considered 30 nations, and gauged items such as political and macroeconomic risks, market attractiveness, market saturation and velocity of retail expansion
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U.S. markets fell for second day in a row; Dollar recoversWall Street fell again on Tuesday, following a drop in stocks on Monday. The Dow Jones lost

Wall Street fell again on Tuesday, following a drop in stocks on Monday. The Dow Jones lost 1.25% and ended at the lowest level of the day near the 8.500 zone
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Japanese Yen strength continues

Japanese yen continues risen early Asia to its highest level in more than a week as the greenback remains under broad pressure while officials of the BRIC group of economies ponder its status as a reserve currency
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Asian Shares Mostly Lower On Econ Doubts, But Nikkei +0.5%

Australia's S&P/ASX 200 was down 1.1% with South Korea's Kospi Composite off 0.5% and New Zealand's NZX-50 down 0.6%, though the Nikkei 225 was up 0.5%, showing some resilience after Tuesday's 2.9% tumble
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Australian Leading Economic Index -3.5% Annualized In April

A coincident index, which is a broad measure of current economic activity, contracted at an annualized rate of 0.5%, compared with a contraction of 1.6% in March
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Australian 1Q Housing Starts Fall 4.0% Vs 4Q

The total number of houses and apartments that started construction in Australia in the first quarter of 2009 fell 4.0% to a seasonally adjusted 30,949 from the fourth quarter of 2008.
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EUR/USD current price: 1.3812

EUR/USD current price: 1.3812. Slightly bearish in the hourly, pair is basing in the 1.3810 zone, first static support for the next hours
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Asian Shrs Mostly Lower On Econ Doubts; Fincls Weak

Asian share markets were mostly lower Wednesday as skepticism crept in about the strength of a global economic recovery, though heavy industry stocks were providing some support in Tokyo
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Yen retested yesterday’s low

USD/JPY, pair has just retested yesterday’s low around 96.10, where we saw a strong upside rebound, that should continue above 96.55 zone, 20 SMA in the hourly, to confirm further recoup in the pair
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GBP/USD, hourly indicators show downside will remain limited in the hourly, as both momentum and CCI had turn downside up. 20 SMA above actual price, yet still pretty bullish, confirms the bias
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Euro and Pound in Range

EUR/USD has been trading between 1.3900 and 1.3800 during Asian session. After hitting 1.3930 intra-day high during U.S.session, the Euro dropped to 1.3805 low on early Asian session to bounce to current levels around 1.3885
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Asian markets decline after on concerns about recovery; Euro and Pound consolidating

Asian markets are going through losses on Wednesday, recent rally has vanished on investors' concerns about the pace of economic recovery after signs of economic weakness in the U.S. and lower oil prices
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Euro approaches 1.3900 after bouncing at 1.3805

The Euro dropped on Yesterday's U.S. session from 1.3930, to reach 1.3805 low during early Asian session times, and the Euro has recovered ever since to reach levels approaching 1.3900.
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Pound approaches 1.6500 after bouncing at 1.6350

The Pound dropped yesterday from levels above 1.6500 to hit 1.6350 low on Asian session times, and the Pound has appreciated afterwards to reach resistance area at 1.6500.

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Peru's Stock Indexes End With Declines; Sol Weakens

Peru's stock market indexes ended lower Tuesday, due in good part to a drop in metals prices that dragged down mining company shares.
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European Stocks To Open Lower; Investors Fret

European stocks are expected to open lower Wednesday, following losses in the U.S. and Asia, as investors take money off the table after the substantial gains of the last three months amid worries about the pace of any potential economic recovery.
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The Dollar recovers after spike down to 95.95

The Dollar declined to 95.95 intra-day low on Asian session to bounce afterwards and reach levels around 96.70 at the time of writing.Onmn a longer perspective, the bias is negative..

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