毎日のForexの見通し

EU Morning Report- Greece fears pressure, BoE cuts growth forecast

The euro (EUR) recovered a little yesterday against the dollar edging higher to 1.2758 from 1.2681 as risk sentiment in the market improved slightly. Investors remain worried about Greece’s ability to avoid bankruptcy and stay in the euro ahead of Greece’s second election. Greece put a senior judge Panagiotis Pikramenos to be the leader of the Greek caretaker government until election on June 17. The single currency may remain under pressure on fears that a Greek exit from the euro may have a serious impact on countries such as Spain, Italy and Portugal. Some Greek banks were moved to an emergency funding assistance program due to the deteriorating quality of their capital.

The US dollar (USD) strengthened against a basket of currencies yesterday as risk aversion dominated the markets. Against the safe haven Japanese Yen (JPY) the greenback rose to a two week high at 80.54 from 80.29 but later surrendered some of its gains following the FOMC minutes. Minutes from the last Federal Reserve policy meeting showed that some policymakers believe that further easing may be necessary in order to support the ailing economy. Policymakers are also worried over the stubbornly high unemployment as well as inflation. Economic figures showed that the Japanese economy grew more than expected in the first quarter where Gross Domestic Product showed a 1% compared to a previous -0.2%. Focus is now on the US Manufacturing Index as well as Initial Jobless Claims figures.

The British Pound (GBP) plummeted yesterday against the dollar to 1.5888 from 1.5987 after Bank of England inflation report was released yesterday. BoE’s growth forecast was lower expecting a 0.8% economic growth in 2012 while inflation is expected to remain above the central bank’s 2% target for another year. BoE Governor Mervyn King warned that the eurozone debt crisis is the greatest threat to the UK economy.

Oil fell to a six and a half month low at 91.79 dollars a barrel but later rebounded to trade at 94.14. Gold (XAU) edged higher to 1553.70 dollars an ounce from 1526.80 and against the euro it edged lower to 1210.85 euro an ounce from 1212.99. Silver (XAG) dropped to a four and a half month low at 26.72 dollars an ounce from 27.96. Stay in tune throughout the day with !

Outlook		Pivot	Preference1	Sentiment2
	EURUSD	1.2760	SHORT @ 1.2760	57% of deals buy EUR
	USDJPY	80.10	LONG @ 80.10	83% of deals buy USD
	GBPUSD	1.5975	LONG @ 1.5975	66% of deals buy GBP
	AUDUSD	0.9900	LONG @ 0.9900	75% of deals buy AUD
	GOLD	1550.00	SHORT @ 1550.00	68% of deals buy GOLD
	OIL	94.25	SHORT @ 94.25	63% of deals buy OIL

1 data generated by Trading Central™, 2 data obtained from easy-forex Inside Viewer™

Calendar	Currency	Time (GMT)	Event	Forecast
	USD	12:30	Initial Jobless Claims	365K
	USD	14:00	Fed Manufacturing Index	10.0

Equities	EUROPE		US		ASIA3
	FTSE 100	-0.60%	▼		S&P 500	-0.44%	▼		NIKKEI	0.75%
	DAX	-0.26%	▼		DJIA	-0.26%	▼		HIS	0.92%
	CAC	0.31%			NASDAQ	-0.68%	▼		CSI 300	1.14%

3 at the time of writing

Please note that forex trading (OTC trading) involves substantial risk of loss, and may not be suitable for everyone. The information provided is based on data generated by third party investment research providers. Easy Forex® does not assume any liability as to the accuracy of such information. This information shall be used for reference only and it is not binding on easy-forex. This is not an advertisement or a recommendation by easy-forex in engaging / binding you in any forex transactions.