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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