EUR/GBP falls to post 0.8439, fresh 6-month low

Tuesday, June 16, 2009

The slightly recovery from 0.8450 support in the yesterday late American session has been capped at 0.8500 resistance in today's Asian session
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Spain April Home Sales -48%;Highlight Deep Recession

Spanish home sales transactions fell 48% on the year in April, in the wake of the collapse of a decade-long housing boom that has pushed Spain's economy into a deep recession, data from Spain's National Statistics Institute, or INE, showed Tuesday.
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USD/CHF breaks below 1.0850 again

The pair's rebounds from 1.0825 has found a strong resistance at 1.0875 and the USD/CHF has begun to fall below the 1.0850 level. USD/CHF is falling 0.90% so far today from 1.0934 today's opening price to the current 1.0835/45.
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ICSC/Goldman Sachs Chain Store Sales Dn 0.6% In June 13 Wk

The International Council of Shopping Centers and Goldman Sachs Retail Chain Store Sales Index fell 0.6% in the week ended Saturday from its level a week before on a seasonally adjusted
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USD/JPY jumps above 97.00

The Dollar rebounds from 96.05 intra-day low against the Yen has risen further in the last hour and the pair has climbed up to levels above 97.00 in a 105 pips
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Dollar picks up from 96.05 low and approaches 97.00

The Dollar has bounced at 96.05 intra-day low on Asian session to appreciate during European trading hours, reaching levels below 97.00
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Turkey Extends Period Of Tax Cuts For Some Sectors-IHA

Turkey's finance ministry Tuesday extended the period of tax cuts for some sectors, including automotive, white goods, and electronics, for a further three months in a bid to boost the economy, the Ihlas News Agency, or IHA, reported
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Euro pulls down from 1.3922 to levels below 1.3900

Euro - Dollar recovery from 1.3745 intra-day low has halted at 1.3922 intra-day low after buoyant German ZEW Economic expectations Index, and the Euro has pulled down to levels right below 1.3900 later on.

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