The ECB aims to keep medium-term inflationary expectations just below 2%

European Central Bank President Jean-Claude Trichet said Monday that the ECB will maintain healthy medium-term inflationary expectations despite the current strong fall in consumer prices in the deepening economic recession.
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EU Almunia:Govts Should Start Plans To Unwind Fiscal Stimulus

Governments should start planning to unwind their economic stimulus packages, European Commissioner for Economic and Monetary Affairs Joaquin Almunia said Monday, according to a press release from the Organization for Economic Cooperation and Development.
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Foreign investors biught $9.05B in canadian securities; USD/CAD, at 1-month high

Foreign investors have bought a net C$ 9.05 billion worth of Canadian securities in April, up from C$ 7.192 billion in March, the largest investment in Canadian securities of the latest three months.
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UPDATE: Sweden Sees Economic Stabilization Signs

Swedish companies see stabilization signs but register considerable anxiety about potential economic setbacks, a Swedish central bank survey showed Monday.
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ECB Trichet:Will Maintain CPI Expectations Despite Price Fall

European Central Bank President Jean-Claude Trichet said Monday that the ECB will maintain healthy medium-term inflationary expectations despite the current strong fall in consumer prices in the deepening economic recession.
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Brazil Real Closes Weaker As Commodity Currencies Slip

After a strong start, the Brazilian real settled weaker against the U.S. dollar Friday when it became apparent that oil prices wouldn't hold above $70 a barrel.
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Canada Afternoon: C$ Ends Flat In Continued Consolidation

The Canadian dollar ended little-changed after another day of meandering range trade Friday, as weak Canadian retail sales data and slippage in world oil prices thwarted earlier probes higher by the currency.
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UPDATE: Argentina 1Q Current Account Surplus $1.5B - Indec

Argentina posted a first-quarter current account surplus of $1.47 billion, down from $1.68 billion a year ago, the national statistics agency Indec said Friday.
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Mexico's Stocks Close Lower After Late Sell-Off, IPC -0.3%

Mexican stocks closed with modest losses Friday on a bout of late selling after U.S. markets relinquished morning gains, while the peso ended slightly stronger versus the dollar.
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Colombia's Peso Weakens After Central Bank Cuts Rates

The Colombian peso weakened Friday after the central bank cut its key rate by 50 basis points, noting that it doesn't expect further rate cuts in the near future.
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Market finished week in red; Dollar mixed

U.S. markets ended with mix results on Friday. The Dow Jones fell 0.19% but the Nasdaq rose 1.09%. Wall Street fell for the week, sending stocks indexes down between 2% and 3%. Oil had a sharp decline and finished the week below $70 a barrel, falling 2.55% on Friday. Dollar fell across the board extending losses during the American session.
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UPDATE: Trichet: Iranian Instability Poses International Econ Risk

Political instability and social unrest in Iran poses a risk to global economic growth, but the European Central Bank expects the global economy's slide to moderate over the remainder of the year and resume climbing in 2010, governor Jean-Claude Trichet said Sunday.
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2nd UPDATE:Trichet Sees Iran Risk; Slowing Econ Decline In 09

Political instability and social unrest in Iran poses a risk to global economic growth, but the European Central Bank expects the global economy to moderate its slide over the remainder of the year and resume climbing in 2010, governor Jean-Claude Trichet said Sunday.
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UPDATE:French Budget Min: '09, '10 Budget Gaps Of 7%-7.5% GDP

France's government budget deficit will swell to between 7% and 7.5% of gross domestic product this year and probably next year as well, budget minister Eric Woerth said Sunday.
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USD slightly down in Asia opening

Early Asia, majors quote close to past Friday levels, with greenback slightly down across the board. Gbp remains well bid just above 1.6500 and better positioned than Euro that quotes around 1.3950 against dollar
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UK Rightmove June House Price Index -0.4%MM, -5.5%YY

U.K. house prices fell in June for the first time since January, even though the supply of new properties slowed sharply, due to the recession and restricted mortgage availability, online estate agency Rightmove said Monday.
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ASIA OUTLOOK: Economies At A Glance -2-

The tiny, open economy - a bellwether of regional economic trends - will likely start pulling out of its downturn in the third quarter after suffering its worst recession since independence in 1965. The credit crisis walloped Singapore's financial services industry and core manufacturing sector.
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ASIA OUTLOOK: Economies At A Glance

After suffering its worst postwar collapse in industrial production as exports imploded, the economy stabilized in the first quarter and is set to grow for the next few quarters as activity bounces from unusually depressed levels.
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USD/JPY: Dollar continues trading between 95.75 and 96.30

Asia is pulling out of a deep slump as a pickup in China's growth and hefty government spending measures and interest-rate cuts around the region kick in. But recovery faces stiff headwinds and big risks.
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Euro will drop to 1.2800 by year end - Rabobank

The Euro has dipped further away fro, 1.4000 on Monday, reaching levels below 1.3850 at the time of writing, and according to the Rabobank Financial Markets Research team, this weakening trend will continue till the end of the year.
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Greek Jobless Rate Jumps To 9.3% In 1Q From 7.9% 4Q

Greece's unemployment rate jumped to 9.3% in the first quarter, up from 7.9% at the end of last year, the National Statistics Service said Monday, reflecting the impact of the worldwide economic crisis.
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Asian Shares End Mostly Higher; HK Property Stocks Shine

Asian markets ended mostly higher Monday, with bargain-hunting in the property sector helping lift Hong Kong's benchmark index, while the Nikkei edged up 0.4%.
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AUD/USD: Retracement from 0.8120 reaches levels below 0.8000

Australian Dollar has dipped further during Asian and European session so far, and, rejection from 0.8120 high on Friday has reached levels below 0.8000 support on European session.
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3rd UPDATE: German Ifo Business Climate Leaps In June

German business confidence leapt in June, signaling that the recession will come to an end in the next six months, a survey from Germany's Ifo Institute showed Monday. The Ifo business climate index rose for the third straight month, to 85.9 in June from a revised 84.3 in May.
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Greek Jobless Rate Jumps To 9.3% In 1Q From 7.9% In 4Q

Greece's unemployment rate jumped to 9.3% in the first quarter, up from 7.9% at the end of last year, the National Statistics Service said Monday, reflecting the impact of the worldwide economic crisis.
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EUR/USD: Euro tests levels below 1.3850

The Euro continues depreciating during Monday's European session as uncertainty over Fed's monetary policy meeting on Wednesday has unleashed risk aversion pulling the Euro to levels below 1.3850 at the time of writing.
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EUR/USD: Euro hits an intra-day low at 1.3850

Euro retracement from 1.4000 high on Friday has extended on Monday's early European session to levels below 1.3870 support, and the Euro has hit 1.3850 intra-day low.
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Swedish Riksbank: Swedish Cos See Econ Stabilization Signs

Swedish companies are cautiously optimistic about the economic outlook, but concerns remain over a possible setback, Sweden's central bank said Monday.
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DATA SNAP: German Business Climate Leaps In June

German business confidence leapt in June, signaling that the recession will come to an end in the next six months, a survey from Germany's Ifo Institute showed Monday.
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DATA SNAP:Italy Apr Indus Orders Worse-than-seen;-32.2% On Yr

Italian industrial orders fell sharply and worse-than-expected in April, as foreign and national demand dropped, statistics agency Istat said Monday. Industrial orders fell an unadjusted 32.2% on the year in April, after falling 26% in March and 32.7% in February.
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European Stocks Dn; Hesitant Start To The Week

European stocks fell Monday, weighed down by a slump in the oil sector and indecisiveness about the much-debated global recovery.

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German Ifo Business Climate Leaps In June - update

German business confidence leapt in June, signaling that the recession will come to an end in the next six months, a survey from Germany's Ifo Institute showed Monday. The Ifo business climate index rose for the third straight month, to 85.9 in June from a revised 84.3 in May. That was above economists' forecast of 85.3.
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Italy Apr Indus Orders Worse-than-seen;-32.2% On Yr

Italian industrial orders fell sharply and worse-than-expected in April, as foreign and national demand dropped, statistics agency Istat said Monday. Industrial orders fell an unadjusted 32.2% on the year in April, after falling 26% in March and 32.7% in February. On the year
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German Ifo Business climate Index improves in June; Euro, at intraday lows

German business confidence Index has improves in June, showing that the end of the current recession is approaching, and that the worst part of it is already gone, according to the latest survey by the German Ifo Institute.
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GBP/USD: Pound tested 1.6405 support level

According to Mohammed Isah, technical analyst at a retest of mid-term hiigh at 1.6662 could be ahead this week: "While a marginal higher close was seen the past week, we continue to see risk of a retest of the pair’s medium term high residing at the 1.6662. A break through there will trigger the resumption of that trend towards the 1.6673 level, its Oct 30’08 high and then the 1.7000 level, its big psycho level."
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German Ifo Business Climate Leaps In June

German business confidence leapt in June, signaling that the recession will come to an end in the next six months, a survey from Germany's Ifo Institute showed Monday.
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European markets, down on week opening, Euro and Pound weaken

European markets have opened the week with losses, following a decline in oil prices and amid uncertainty about the pace of economic recovery. Euro and Pound have dipped further on European session so far.
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China May Copper Concentrate Imports 508,902 Tons, +23% On Yr

China's copper concentrate imports rose 23% on year to 508,902 metric tons in May, the General Administration of Customs said Monday. Refined copper imports rose sharply on year to 337,230 tons.
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Asian Shares On The Rise But Tentative; Japan Commods Down

Asian share markets were higher Monday but with the mood somewhat cautious after a mixed performance by Wall Street on Friday. Oil and resource stocks were rising in Sydney, but on the decline in Tokyo.
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Japan April Tertiary Industry Activity Index Table Of Data

The index tracks economic output in 11 service industries, including utilities; transport; telecommunications; wholesale and retail; finance and insurance; real estate; restaurants and hotels; medical, health care and welfare.
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GBP/USD current price: 1.6478

GBP/USD current price: 1.6478. Pair failed to stay above 1.6500 and fell in these first trading hours, still with a bullish perspective in bigger time frames.
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China May Pulp Imports At 1.32 Mln Tons; Up 64% On Year

China's pulp imports in May rose 64% from the same month last year to 1.32 million metric tons, the General Administration of Customs said Monday.
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Asian Shares Rise Tentatively; Japan Commods Down

Asian share markets were slightly higher Monday though the mood was somewhat cautious after a mixed performance by Wall Street on Friday. Oil and resource stocks were on the decline in Tokyo, though mostly on the rise in Sydney.
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Euro turns slightly bearish

EUR/USD, pair turn slightly bearish with Nikkei opening, with and a first support around 1.3902 ascendant trend line, still inside range. Momentum and RSI are also slightly bearish, while current candle opened under 20 SMA.
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Japan MOF: Big Co Mood Less Gloomy As Demand Picks Up

Large Japanese firms grew less pessimistic about the economy in the April-June quarter as a slight pickup in global demand boosted sentiment among manufacturers, a government survey showed Monday.
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Yen forming a small continuation figure

USD/JPY, still under bearish pressure, pair is forming a small continuation figure in the hourly, with base around 96.05. Break under that point could send the pair lower with 95.20/50 zone as probable bearish target for the next hours.
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Asian markets open the week with gains; Euro and Pound in range

Asian markets have opened the week in a bid tone, after Chinese prime minister affirmed that economy was improving, which has dampened investor's uneasiness about the uncertainty in U.S. economy. Euro and Pound remain on Friday's range.
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EUR/USD: Euro decline extends below 0.3870

Decline from 1.4015 high on Friday's U.S. session, has continued over Asian session, and from an opening price around 1.3950, the Euro has dropped to test 1.3870 support ahead of the European opening.
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GBP/USD: Pound drops to intra-day low below 1.6450

The Pound has tested 1.6505 resistance level and failure to break above there has driven the pair to levels below Asian session floor at 1.6450 support, to hit an inter-day low at 1.6410 so far.
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European Stocks To Open Just Lower; Fed Eyed

European stocks are expected to open just lower Monday, as bulls start the week on the back foot amid doubts about the strength of any potential global economic recovery.
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Dollar consolidating above 95.75 after pullback from 97.20

The Dollar is consolidating with an slightly soft tone, and, on retracement from Friday's high at 97.20, the Dollar has reached an Asian session low at 95.80, to bounce to levels around 96.15 at the time of writing.
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