{"id":9934,"date":"2010-06-03T08:00:06","date_gmt":"2010-06-03T12:00:06","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=9934"},"modified":"2010-06-03T08:00:06","modified_gmt":"2010-06-03T12:00:06","slug":"forex-market-review-06032010","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/06\/03\/forex-market-review-06032010\/","title":{"rendered":"Forex Market Review 06\/03\/2010"},"content":{"rendered":"<p><span style=\"text-decoration: underline;\"><strong>Market Analysis <a href=\"http:\/\/system.referforex.com\/processing\/clickthrgh.asp?btag=a_1391b_3739\" target=\"_blank\">by Finexo.com<\/a><\/strong><\/span><\/p>\n<p>Upcoming Sessions (all times GMT)<br \/>\n\u2022 GBP\u00a0\u00a0\u00a0 Nationwide HPI m\/m (06:00)<br \/>\n\u2022 GBP\u00a0 Services PMI (08:30)<br \/>\n\u2022 USD\u00a0 ADP Non-Farm Employment Change (12:15)<br \/>\n\u2022 USD\u00a0 Unemployment Claims (12:30)<br \/>\n\u2022 USD\u00a0 ISM Non-Manufacturing PMI (14:00)<\/p>\n<p><strong>EURUSD<\/strong><\/p>\n<p>Overall sentiments towards the EURUSD remain heavily bearish as the European single currency remains vulnerable to any signs that region\u2019s debt crisis will spread to its banking system.<\/p>\n<p>Yesterday, the US Dollar gained ground as better than expected data showed that pending home sales increased\u00a0 by 6% in April. The EUR\/USD pair continues to hold steady around the $1.2300 mark as investors await today\u2019s ADP Non-Farm Employment Change. This number, generally considered a predictive figure for tomorrow\u2019s high anticipated Non-Farm Employment Change, is expected to show an increase of 68K jobs in the private sector. Also out today, the Unemployment Claims for last week.<\/p>\n<p>Support\/Resistance 1.2244\/1.2306<\/p>\n<p><strong>USDJPY<\/strong><\/p>\n<p>The Yen continued to fall against its major currency counterparts as speculations increased that Japan\u2019s next prime minster will want a weaker currency. The Japanese currency dropped for a second day in a row against the greenback after Prime Minster Yukio Hatoyama announced his resignation.<\/p>\n<p>While the ruling democrats are expected to vote on Friday for a new Prime Minister, sources already predict that the most likely successor is Finance Minister Noato Kan. Mr. Kan stunned markets earlier this year, by stating that he wanted the Japanese currency to depreciate more and that he heavily favored an exchange rate of 95 yen per dollar.<\/p>\n<p>Support\/Resistance 91.77 \/92.33<\/p>\n<p><strong><a href=\"http:\/\/system.referforex.com\/processing\/clickthrgh.asp?btag=a_1391b_3739\" target=\"_blank\">Forex Market Review &amp; Analysis by Finexo.com<\/a><\/strong><\/p>\n<p>Disclaimer: Trading the foreign exchange (Forex) carries a high level   of risk, and may not be suitable for all investors. All information  and  opinions contained on this website are to be used for general   informational purposes only and do not consitute investment advice.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Finexo &#8211; Overall sentiments towards the EURUSD remain heavily bearish as the European single currency remains vulnerable to any signs that region\u2019s debt crisis will spread to its banking system&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-9934","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9934","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=9934"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9934\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=9934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=9934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=9934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}