Resilient Yen Hurts Tokyo Shrs

Asian markets ended mostly lower Thursday as the continued resilience of the Japanese yen hurt shares of exporters in Tokyo, while profit-taking in the banking sector weighed on Hong Kong's benchmark index.
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USD/CHF tests 1.0765 support again 19.9B

USD/CHF has fallen around 30 pips in the last hour from 1.0795 to test the 1.0765 support level again in the European session. Since the beginning pf the European morning the par has been trading in a range between 1.0765 and 1.0805. currently the pair is trading around 1.0985/95, 0.10% above today's opening price.
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GBP/USD: Pound could re-test 1.6664 - Mizuho

The Pond has suffered a severe pullback from 1.6480, reaching levels right below 1.6200 during the European session, to bounce to levels above 1.6250 at the time of writing.
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EUR/USD: Euro continues hovering below 1.4000

After yesterday's rally from 1.3830 level the Euro has managed to hold above 1.3930 support level during most of European session with psychological level 1.4000 on sight.
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Latvia Budget Protest Draws Thousands - Baltic News Service

Several thousand people gathered in the Latvian capital Riga to protest severe government spending cuts made earlier in the week, the Baltic News Service reports Thursday.
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2ND UPDATE: UK Retail Sales Seen Weakening Further In 2009

U.K. retail sales fell more than expected in May, dragged down by poor sales of clothing, footwear and by department stores, data from the Office for National Statistics showed Thursday. And, with unemployment continuing to rise, some economists are expecting retail sales to remain weak and possibly worsen later in the year. The volume of retail sales fell 0.6% on the month and by 1.6% on the year in May. In April, sales rose 0.9% on the month by 2.6% on the year.
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USD/CAD continues its decline after the Canadian CPI data

USD/CAD's decline from 1.1365 intra-day high has continue after the better than expected canadian CPI data. The pair has falling to test 1.1310 and currently it is trading around 1.1315/25, yet 0.20% positive about today's opening price action.
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USD/CAD continues its decline after the Canadian CPI data

USD/CAD's decline from 1.1365 intra-day high has continue after the better than expected canadian CPI data. The pair has falling to test 1.1310 and currently it is trading around 1.1315/25, yet 0.20% positive about today's opening price action.
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UPDATE: Asian Shares End Mostly Down; Resilient Yen Hurts Tokyo Shrs

Asian markets ended mostly lower Thursday as the continued resilience of the Japanese yen hurt shares of exporters in Tokyo, while profit-taking in the banking sector weighed on Hong Kong's benchmark index. Japan's Nikkei 225 ended down 1.4% at 9703.72 after outperforming on Wednesday, while Hong Kong's Hang Seng Index ended 1.7% lower.
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Asian Shares End Mostly Down; Resilient Yen Hurts Tokyo Shrs

Asian markets ended mostly lower Thursday as the continued resilience of the Japanese yen hurt shares of exporters in Tokyo, while profit-taking in the banking sector weighed on Hong Kong's benchmark index. Japan's Nikkei 225 ended down 1.4% at 9703.72 after outperforming on Wednesday, while Hong Kong's Hang Seng Index ended 1.7% lower.
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USD/CHF tests 1.0765 support again

USD/CHF has fallen around 30 pips in the last hour from 1.0795 to test the 1.0765 support level again in the European session. Since the beginning pf the European morning the par has been trading in a range between 1.0765 and 1.0805. currently the pair is trading around 1.0985/95, 0.10% above today's opening price.
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Euro has dropped on European session

After its rejection at the 1.3985/14000 area, the Euro has dropped on European session to 1.3900 intra-day low although the pair has managed to bounce to levels at 1.3950.
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Asian Shares End Mostly Down;Resilient Yen Hurts Tokyo Shrs

Asian markets ended mostly lower Thursday as the continued resilience of the Japanese yen hurt shares of exporters in Tokyo, while profit-taking in the banking sector weighed on Hong Kong's benchmark index. Japan's Nikkei 225 ended down 1.4% at 9703.72, while Hong Kong's Hang Seng Index closed 1.7% lower.
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Dutch Fin Min: Confident Of EU Deal On Financial Regulation

During the meeting the ministers rewrote a proposal to make the ECB president head of the new regulatory body, which will be known as the European Systemic Risk Council.
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Pound Plunges On Retail Sales, Public Finance Data

The pound has fallen against other major currencies Thursday after U.K. retail sales data fell far short of expectations and public sector borrowing rose to a new record high in May. Sterling sank most sharply against the dollar, losing over 1% to hit a session low of $1.6190, while the euro rose by a slightly smaller degree to reach GBP0.8605 as the two sets of data were released.
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Brazil's Real Closes Slightly Weaker On Risk Aversion

The Brazilian real closed slightly weaker against the U.S. dollar Wednesday on a day of major movements as risk aversion stalked the market. The real ended at BRL1.9675 per dollar on the Brazilian Mercantile and Futures Exchange compared with Tuesday's close of BRL1.9635.
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C$ Rebounds From Early Dip To End Higher

The Canadian dollar reversed from earlier weakness to end moderately higher Wednesday, supported by a rebound for U.S. equities and commodity prices and associated pressures on the U.S. dollar globally.
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EUR/USD rises to 1.3980; USD/CHF stays below 1.0800

The EUR/USD rallied during the American session to 1.3980 (intra-day high). Dollar has recovered part of the losses and EUR/USD has found support at 1.3945. The pair is up 0.86% so far today and has risen more than 70 pips from the opening bell in Wall Street. The Euro is rising for second day in a row against the Dollar.
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UK Treasury Junior Minister Ussher Resigns

Recently reappointed junior Treasury Minister Kitty Ussher stepped down from the government on Thursday, as she became the latest lawmaker to be caught up in the parliamentary expenses row. In a letter to Prime Minister Gordon Brown, Ussher said she had done nothing wrong and was stepping down "with the greatest regret."
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U.S. markets mix; Dollar fell strong during the American session

Wall Street ended Wednesday with mix results. The Dow Jones Industrial Average drop 0.1% and the Nasdaq rose 0.7% on a volatile session. Crude-oil futures ended higher.
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Pound losses to CHF, JPY and EUR

Cable lost part of the monthly gains against the majors except the Dollar. To the Euro, today was the first after five consecutive days that EUR/GBP doesn’t fall to fresh multi-month lows.
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Argentina Bonds Fall In Pullback, Lower Risk Appetite

Argentine bonds pulled back Wednesday amid an early downturn in global markets, lower risk appetite and lower yields after the strong gains posted in recent weeks.
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U.S. markets mix; Dollar fell strong during the American session

Wall Street ended Wednesday with mix results. The Dow Jones Industrial Average drop 0.1% and the Nasdaq rose 0.7% on a volatile session. Crude-oil futures ended higher
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Pound losses to CHF, JPY and EUR

Cable lost part of the monthly gains against the majors except the Dollar. To the Euro, today was the first after five consecutive days that EUR/GBP doesn’t fall to fresh multi-month lows. EUR/GBP rose today and currently the pair is above 0.8500. During the American session the Pound recover part of the losses but it wasn’t enough.
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Gold, bouncing from important support.....

No change in the bigger picture view in gold as the 3 wave fall from the Feb high at $1007.70 (a-b-c, see numbering on daily chart below), suggests that trade over the last 4 months is a large correction, and with eventual new highs after
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Four House Hunters For Every UK Home For Sale

Demand is increasingly outstripping supply in the U.K. residential property market, with more than four house hunters for every home for sale in May
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Almost Half UK Local Government Leaders Plan Job Cuts - KPMG

Almost half U.K. local council leaders and chief executives say they will probably cut jobs over the next 18 months to reduce costs during the recession
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USD consolidating ahead next week event

Dollar close another negative day across the board, with Euro and Yen printing interesting gains, helped by U.S. disappointing data early Wednesday.
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Asian Shares Mostly Lower, Seek Direction; Nikkei Off 1.5%

Asian shares were mostly lower Thursday as investors tried to pin down a near-term direction for equity markets, with exporter shares in Tokyo hurt by ongoing resilience in the Japanese yen.
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Australia Business Confidence Improves In 2Q - ACCI Survey

The Westpac Banking Corp.-Australian Chamber of Commerce & Industry expected composite index - a gauge of business confidence - bounced to 47.6, from 35.3 in the first quarter.
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Australian Merchandise Imports Dn Adj 5% In May Vs Apr

Australian merchandise imports fell 5% to A$16.40 billion in May from A$17.20 billion in April in seasonally adjusted terms, the Australian Bureau of Statistics said Thursday.
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EUR/USD current price: 1.3953

EUR/USD current price: 1.3953. Pair raised following stocks and mover the short term consolidation range higher, basing now on 1.3925. With momentum and RSI pointing to the upside
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EU Set To Give Backing For Barroso; Guarantees To Ireland

E.U. leaders, starting two days of talks Thursday, are set to back E.U. Commission chief Jose Manuel Barroso for a second term and give Ireland the guarantees it wants to push through the Lisbon Treaty.
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Asian Shares Mixed, Lack Momentum; Nikkei Off 1.8%

Asian shares were mixed Thursday as investors tried to pin down a near-term direction for markets, with exporter shares in Tokyo hurt by ongoing resilience in the Japanese yen.
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Sterling regain the upside at early Europe Session

“GBP/USD, still inside the descendant channel we mention yesterday, pair regain the upside early Europe, still unable to break above the rook first dynamic resistance for today, now around 1.6430,” said Valeria Bednarik, collaborator
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Asian markets mostly down; Dollar softens

Stock markets rally seen in the last three months seems to have waned, and investors have entered a cautious and hesitant period, concerned by the pace of the economic recovery, amid mixed indicators from the U.S Europe and Asia. Asian markets have dropped on Thursday,, while the Dollar lost strength.
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USD/JPY: Dollar, below 96.00 near two-weeks low

Decline from Monday's high at 98.60 has extended on Asian session as the USD/JPY dropped to levels below 96.00, to trade between 95.50 and 96.00, approaching the lowest levels of the last two weeks.
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