Asian Shrs End Higher; China Up Despite IPO Resumption

Asian markets ended broadly higher Friday, as financials advanced in China after the country opened the door for new share listings, while chip makers gained on upbeat industry data.
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GBP/USD: Pound reaches levels above 1.6450

After several attempts the Pound has broken through resistance level at 1.6450, and extends rally from intra-day low at 1.6300 reaching levels right below 1.6480.
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Croatia Drops Ban On Sunday Retail Opening - Report

A Croatian court has annulled a ban on Sunday shopping imposed six months ago after retailers hit by the global economic crisis launched a legal challenge against the move, a report said.
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London To Gain From European Fincl Regulation Deal

London's financial center will benefit from the European Union's deal to establish a financial regulation watchdog, although the 27-member bloc must work harder to strengthen single market rules, Prime Minister Gordon Brown said Friday.
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USD/CAD bounces at 1.1250 and tests 1.1300 after Canadian retail sales

USD/CAD has bounced at 1.1250 level to rise above 1.1280 and test 1.1300 resistance fueled by a worst then expected Canadian retail sales in April. pair has rising 50 pips after the data released to the currently 1.1290/1.1300, yet 0.25% below today's opening price.
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Brazil Real Opens Marginally Stronger, Low Volume Expected

Brazil's real opened stronger Friday morning, but is expected to remain in a tight range with low volume throughout the day. The real opened at BRL1.96 per dollar after closing Thursday at BRL1.9710on the Brazilian Mercantile and Futures Exchange, or the BM&F.
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UK Brown: London To Gain From European Financial Regulation Deal

London's financial center will benefit from the European Union's deal to establish a financial regulation watchdog, although the 27-member bloc must work harder to strengthen single market rules, Prime Minister Gordon Brown said Friday.
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Latvian 1Q Curr Acct Swings To 1.1% Of GDP Surplus

The Latvian current account showed a surplus of 1.1% of gross domestic product in the first quarter, compared with a deficit of 16.8% of GDP a year earlier, the Bank of Latvia said Friday. There was a first-quarter surplus of 37.7 million Latvian lats ($75.6 million), compared with a deficit of LVL627.6 million last year. Goods exports fell 26.8% on the year in the first quarter, while imports declined 35.5%.
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USD/JPY: Dollar drops to 96.70 gives away gains

The Dollar has pulled down to 96.70 support level, after having been rejected at the 97.10/25 area, giving away gains taken during European session.
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UPDATE: Polish May Indus Output -5.2% YY; Above Forecast

Poland's industrial output fell at a slower pace in May, a calendar-induced effect that will likely have no influence on the central bank's decision to resume rate cuts next week.
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France Sarkozy: EU Likely To Boost Financial Supervision System

French President Nicolas Sarkozy said the financial supervisory and regulatory framework approved by European Union leaders at a summit Friday will likely expand in the future, making up for the shortcomings of the compromise solution adopted in Brussels.
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Canada Afternoon: C$ Slips Slightly In Meandering Trading

The Canadian dollar ended slightly lower after a relatively aimless, meandering session Thursday, in which the currency reflected the general indecisiveness and lack of direction afflicting most major currencies at the moment.
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Brazil Real Closes Weaker On Global Economic Jitters

The Brazilian real closed slightly weaker against the U.S. dollar Thursday on worries about the timing and the strength of a global economic recovery.
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Pound finds support at 1.6280 and rises to 1.6360

GBP/USD rose during the American session to 1.6400 but it was rejected from there and fell strong. The Pound found support at 1.6280 and started to recover from there, rising to 1.6360. Current price is 1.6340/30 which is 0.31% below today opening price.
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US M1 Rose $34.3B In June 8 Week; M2 Rose $4.4B

The Federal Reserve's latest weekly money supply report Thursday shows seasonally adjusted M1 rose by $34.3 billion to $1.631 trillion, while M2 rose $4.4 billion to $8.354 trillion.
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Mexico's Stocks Track US To Higher Close; IPC Rises 0.8%

Mexico's stocks posted moderate gains Thursday following a three-session losing streak as local heavyweights tracked a rise in U.S. equities, while the peso was little changed versus the dollar.
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EU Agrees New Financial Regulator Won't Dictate Government Spending

European Union leaders have agreed that a new financial-market overseer won't be able to force countries to pay for bank bailouts, according to an E.U. diplomat.
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Colombia's Peso Weakened, Anticipating Ctrl Bk Rate Cuts

The Colombian peso weakened on Thursday, anticipating a possible central bank rate cut on Friday, a move that would discourage foreign investors pouring money into local assets.
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USD/CHF rejected from 1.0900 falls to 1.0855

The Dollar rallied against the Swiss Franc during the American session. USD/CHF went from 1.0815 to 1.0897 (intra-day high). But the pair was rejected from those levels and fall finding support at 1.0855. Since then the pair has been in a range between 1.0860 and 1.0875. So far today the pair has risen 0.64% from the opening price.
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New EU Financial Regulator Won't Dictate Government Spending-Source

European Union leaders have agreed that a new financial-market overseer won't be able to force countries to pay for bank bailouts, according to an E.U. diplomat.
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3rd UPDATE:EU Financial Regulator Won't Dictate Government Spending-Sources

European Union leaders have agreed that a new financial-market overseer won't be able to force countries to pay for bank bailouts, according to two EU diplomats. This leaves unresolved a long-standing question in the bloc: If a large cross-border bank fails, who pays?
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Peru Stocks Rebound Slightly; Sol Strenghtens

Peru's main stock indexes on Thursday recovered slightly from sharp losses a day earlier. The Lima Stock Exchange's general index gained 1.36% to close at 13,092.70. The blue-chip index gained 1.08% to end at 21,414.81. Shares of Southern Copper Corp. (PCU) rose 0.19% to close at $21.48.
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Argentina's Stocks Close Lower; Boden 2012 Sinks Again

Argentine stocks closed slightly lower Thursday while the widely traded Boden 2012 bond posted a second day of large losses. The Merval index fell 0.3% to 1,529.90 in low volume trading that totaled just 35.2 million pesos ($9.34 million).
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Brazil's Central Bank To Offer $646 Mln In Forex Swaps Friday

The Brazilian Central Bank will offer foreign-exchange swap contracts worth $646 million at an auction Friday. The bank will offer 12,930 contracts with maturities in April 2010, October 2010 and January 2011 to allow investors to roll over existing contracts, which come due at the start of July.
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Markets ends up for the first time in the week; Dollar mix

Wall Street ended mostly up on Thursday. The Dow Jones rose for the first time in the week, finishing up 0.70%. The Nasdaq ended practically unchanged falling 0.02%. Gold fell today but is still trapped in a range between $925 and $940 an ounce.
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USD index, multi-week pennant/triangle still forming

No change in the view on the $ index as trade from the June 3rd low at 78.35 is seen as a correction, and with an eventual resumption of the longer term declines after. May be forming a pennant/triangle, generally seen as a “continuation” pattern and adding weight to the view eventual new lows.
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EU Economic Recovery Plan Starting To Show Results

The European Union's economic recovery plan is beginning to bear fruit, although member states must now work on an exit strategy to address fiscal imbalances, Czech Prime Minister Jan Fischer said Thursday.
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EU Should Be Able To Give Ireland 'Robust' Guarantees

The European Union should be able to give Irish voters "robust guarantees" to assuage concerns about a new treaty for the bloc, Czech Prime Minister Jan Fischer said Thursday during a summit of E.U. leaders.
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EU Should Be Able To Give Ireland 'Robust' Guarantees

The European Union should be able to give Irish voters "robust guarantees" to assuage concerns about a new treaty for the bloc, Czech Prime Minister Jan Fischer said Thursday during a summit of E.U. leaders.
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France,Germany,UK Reach Accord On EU Financial Regulation

The leaders of France, Germany and the U.K. reached Thursday a compromise agreement to adopt a new set of rules and create new institutions to regulate and supervise the European Union's financial system.
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Geithner Sees Economy Stabilizing, Borrowing Costs Down

Treasury Secretary Timothy Geithner sees some signs of stability in the economy and healing in the financial system, according to a transcript of a television interview. The cost of borrowing has fallen significantly, but "we still face a very challenging period ahead," Geithner told PBS anchorman Jim Lehrer on Thursday.
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Euro unable to follow stocks

U.S. positive data helped greenback at the end of the day, and despite rising equities Euro fell to the 1.3900 level after failing to break above key 1.4000 zone. Risk appetite has been replaced by uncertainty for what to expect in the second half of the year, and ahead of the Federal Reserve meeting next week, leading to wide intraday swings.
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Costa Rica 08-09 Coffee Sales -14% To Jun 5 To 1.469M Bags

Costa Rica's coffee industry has logged contracts for 1,468,523 (60-kilogram) bags of coffee from the current 2008-09 crop in sales through June 5, the official Costa Rican Institute, or Icafe, said Thursday.
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EUR/USD current price: 1.3897

EUR/USD current price: 1.3897. Nikkei open to the upside, following U.S. stocks, and euro remains under selling pressure.
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Sterling moving in wide ranges

GBP/USD, moving in wide ranges, still inside the descendant channel, indicators seem a bit exhausted to the upside and the pair is losing bullish steam at this hour.
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Sterling moving in wide ranges

GBP/USD, moving in wide ranges, still inside the descendant channel, indicators seem a bit exhausted to the upside and the pair is losing bullish steam at this hour.GBP/USD, moving in wide ranges, still inside the descendant channel, indicators seem a bit exhausted to the upside and the pair is losing bullish steam at this hour.
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Asian Shares Mostly Rise But Off Peaks; China Slips

Asian share markets were mostly higher Friday after a stronger lead from Wall Street, with technology stocks getting a boost from encouraging industry data.
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Yen regained the upside based

USD/JPY, forming a small continuation figure in the hourly, pair has regained the upside based on the 4 hours 20 SMA that is turning higher. Back to the hourly, 96.80 maximums congestion zone is holding the upside
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Asian markets close the week with gains, Euro and Pound slightly higher

Stock markets in Asia have returned to positive figures on Friday after three days of losses, supported by brighter macroeconomic news in the U.S. Euro and Pound remain trading in range.
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Intl Investors Dn 2nd Straight Yr FY08

The presence of foreign investors declined for the second straight year in the Japanese market last fiscal year, as financial crisis jitters prompted investors to reduce assets across the globe.
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German May PPI Flat As Energy Prices Rebound

German producer prices were unchanged in May and fell 3.6% from a year earlier, the Federal Statistics Office, Destatis, reported Friday. That is almost exactly in line with an advance survey of economists
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EUR/USD: Euro picks up to levels around 1.3950

The Euro has appreciated during Asian session and, after having declined to 1.3870 low on late U.S. session, the Euro has risen to reach levels close to 1.3950 at the time of writing.
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European Stocks To Open Higher; Gains Limited

European stocks are expected to open higher Friday, helped by a solid finish on Wall Street Thursday and gains in Asia early Friday. However, these gains are expected to be limited ahead of the weekend.
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GBP/USD: Pound climbs to levels below 1.6400

GBP/USD bounced yesterday at 1.6185 low ahead of the U.S. session opening, to reach levels right below 1.6400 on the back of U.S. macroeconomic figures. During Asian session, the Pound has moved from 1.6300 to 1.6380.
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USD/JPY: Dollar strengthens and approaches 97.00

The Dollar has rallied during Asian session and, after bouncing at 95.50 kow yesterday, the pair has reached levels right below 97.00 ahead of the European session opening times.
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IMF's Lipsky Calls For Strong Policies For Global Recovery

A top International Monetary Fund official called for strong policy action to help the global economy recover. The global economy remains in recession, First Deputy Managing Director John Lipsky said in a speech Friday to the Turkish Industrialists' and Businessmen's Association in Bodrum, Turkey.
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Malaysia End-April Natural Rubber Stocks 113,074 Tons; Dn 22%

Malaysia's natural rubber stocks fell to 113,074 metric tons at the end of April, down 22% on year, the Department of Statistics said Friday. Natural rubber production in April fell 24% to 55,692 tons. Production is higher on month. Malaysia revised upward its natural rubber output estimate for March to 47,380 tons from 42,552 tons.
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Aussie breaks above 0.8000 and rises to test 0.8055

The Australian dollar rallied yesterday from 0.79100 low to test 0.8055/65 resistance atrea, which failed to give way and the pair pulled back to levels right below 0.8000 to bounce again during Asian session to attempt another assault to 0.8055/65 area at there moment of writing.
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