130549 Resource 151049 128654 128654 1149843307527 1149843307527 Controlled European Mid Morning Update 9th June 2006

Quiet European start

<p><font size="1">Europe has entered the market clearly with little interest in pushing the Dollar in either direction. Stats at over today are:</font></p><p><font size="1">8:30&nbsp;&nbsp; U.K.&nbsp;Visible Trade Balance<br />9:00&nbsp;&nbsp; Euro-Zone&nbsp;Construction Output QoQ<br />10:00&nbsp;Euro-Zone&nbsp;OECD Leading Indicators<br />10:00&nbsp;Euro-Zone&nbsp;WG Industrial Production YoY<br />11:00&nbsp;Canada&nbsp;Unemployment Rate<br />12:30&nbsp;U.S.A.&nbsp;Trade Balance<br />12:30&nbsp;Canada&nbsp;International Merchandise Trade<br />12:30&nbsp;U.S.A.&nbsp;Import Price Index YoY</font></p><p><font size="1">We can&rsquo;t see these enough to push the Dollar strongly in either direction but our analysis suggests that we should see the Dollar make a further attempt higher later today. In the meantime we cannot rule out a slightly deeper correction. However, if we see the Dollar towards 1.2652-67 EURUSD, 1.2390-1.2420 USDCHF, 115.74 USDJPY and 1.8321 and possibly 1.8274-90 GBPUSD we feel this should be the upside limit for now. </font></p><p><br /><font size="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;USDJPY:&nbsp;EURUSD:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USDCHF:&nbsp;&nbsp;&nbsp; &nbsp;GBPUSD:<br />Res:&nbsp;115.74&nbsp;&nbsp;&nbsp; 1.2781 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.2420&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;1.8535<br />Res:&nbsp;114.71&nbsp;&nbsp;&nbsp; 1.2682-00&nbsp;&nbsp; 1.2362&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.8472</font></p><p><font size="1">Spt:&nbsp;113.71&nbsp;&nbsp;&nbsp;&nbsp; 1.2624&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.2305&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.8367<br />Spt:&nbsp;113.39&nbsp;&nbsp;&nbsp;&nbsp; 1.2552-67&nbsp;&nbsp; 1.2229&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.8321</font><br /></p> 9 application/xml false Europe Forex trading Learn more about forex http://www.gftforex.com/land/index.asp?aid=446 Mozilla/4.0 (compatible; MSIE 6.0; Windows NT 5.1; SV1; .NET CLR 1.1.4322) 127.0.0.1 127.0.0.1 ICopsey false true false false true 151049 blog blogsite/GFTForex/web