Forex Commentary By Profi-forex

[profi-forex]

TODAY`S DATA: (28.06.2005):

CHF

03:15am - Adjusted Real Retail Sales y/y prev. 7,6%

EUR

04:00am - Euro-Zone M3 SA y/y prev. 6,7% for. 6,9%

04:00am - Euro-Zone M3 SA (3m avg) prev. 6,6% for. 6,7%

USD

10:00am - Consumer Confidence prev. 102,2 for. 104,3

JPY

07:50pm - Industrial Production m/m prev. 1,9% for. -2,3%

07:50pm - Industrial Production y/y prev. 0,3% for. 0,5%

07:50pm - Shipments SA m/m prev. 2,7% for. -2,2%

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eur/usd - Resisatnce starts at 1,2185 till 1,2205 and above 1,2245/60, support 1,2070/90, if holds we could see inverted shs formation, but for confirmation we should break 1,2185/2205. Wait for clear signals.

usd/jpy - Todays morning we broke strong resistance at 109,65, next potential target 110,15/40. Daily and monthly close above 110,20 should push this pair higher towards 111,50/112,00.

gbp/usd - In our opinion range 1,8100/30 - 1,8300/30. Below 1,81 next target 1,79 an 1,76.

usd/chf - Fast back above 1,2715 suggest that another test 1,2850 is possible ahead Fed this week. Above 1,2850 bulls have a chance for test 1,3000.

 

[profi-forex]

Forex Commentary 29.06.2005

TODAY`S DATA: (29.06.2005):

GBP

04:30am - M4 Money Supply m/m prev. 0,7% for. 1,7%

04:30am - M4 Money Supply y/y prev. 10,5% for. 11,6%

04:30am - Net Consumer Credit prev. 1,3B for. 1,5B

04:30am - New Lending Sec. on Dwellings prev. 7,3B for. 1,3B

04:30am - Mortage Approvals prev. 95K for. 93K

06:00am - CBI Distributive Trades Report

CHF

05:30am - KOF Swiss Leading Indicator prev. 0,53 for. 0,52

USD

08:30am - GDP Annualized prev. 3,5% for. 3,7%

08:30am - Personal Consumption prev. 3,6% for. 3,6%

08:30am - GDP Price Index prev. 3,2% for. 3,2%

NZD

06:45pm - Building Permits m/m prev. -33,9%

JPY

07:30pm - Unemployment Rate prev. 4,4% for. 4,4%

07:30pm - Job Offer/Seekers Ratio prev. 0,94 for. 0,94

07:30pm - PCE ( Workers ) y/y prev. -3,1% for. -0,5%

07:30pm - Personal Income y/y prev. 1,1% for. -0,5%

AUD

09:30pm - Job Vacancies prev. 6,2% for. -1,5%

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eur/usd - support at 1,2040/50 was broken early morning, next target is 1,2015 and 1,1960/75. Daily close below 1,2000 could push usd higher to 1,1850 this week maybe after fed.

usd/jpy - Usd broken strong resistance at 110,20 next target 111,50 propably after fed. Strong support 109,70 and 109,20/45.

gbp/usd - Watch 1,8080/8100, if will be broken next target 1,7900/50. Tommorow GDP data, market expect worst number, this could help usd bulls.

usd/chf - If 1,2850 will be broken 1,3000 should be tested soon. Strong support 1,2730