Major economic events for today 30.06.2010:

The UK Nationwide HPI m/m report will be released today at 6 a.m. GMT. On the previous release it did not change. This time the forecast is 0.3%. A higher number than the forecast would probably push the British pound in uptrend position against other major currencies on the market.

Another major event for today is the ADP Non-Farm Employment Change report. It will  be announced at 12:15 p.m. GMT. The forecast is 58K. If the actual number is higher than the forecast, then the report could be taken as positive for the US dollar.

GBP/USD technical analysis today 29.06.2010:

Current price 1.5046. The main resistance is now located at 1.5150. If the pair breaks above this level we may see further rise towards the 1.5280 area.

EUR/USD technical analysis today 29.06.2010:

Current price 1.2192. The pair still remains in downtrend movement. According to the stochastic oscillator we may expect a rise towards 1.2250 in a couple of hours. A break below 1.2150 could trigger the pair below 1.2100.

EUR/USD technical analysis today 28.06.2010:

Current price 1.2360. It looks like the next target could be around 1.2450. If the pair breaks below 1.2250 zone, then we may see further decline towards the 1.2150.

EUR/USD technical analysis today 25.06.2010:

Current price 1.2330. It looks like the next target could be 1.2400 zone. If the price breaks below 1.2280, then we may expect further decline towards 1.2200 zone.

EUR/USD technical analysis today 24.06.2010:

Current price 1.2285. Possible next target in the next hours around the 1.2320 zone. Resistance is now located at 1.2295 zone. Trading below 1.2210 could trigger the pair back to 1.2150.

US New Home Sales report will be released today:

It's a leading indicator of economic health. On the previous release on May 26, 2010 the New Home Sales report rose up to 504K and today's forecast is 424K which could be indicating that this time the report may not be as positive as it was before and it could affect the US dollar in a negative direction. The report will be released today at 2:00 p.m. GMT.

EUR/USD technical analysis today 23.06.2010:

Current price 1.2266. Based on the 4 hour chart we may see a rise towards the 1.2320 zone in the next a couple of hours. If the pair breaks below the 1.2200 zone, then another fall towards the 1.2150 zone could be seen.

US Existing Home Sales report will be released today:

The report is expected to be positive for the US dollar. The previous two reports were positive and it will be very interesting to see what data will be released today. The event will be announced at 2:00 p.m. GMT.

EUR/USD technical analysis today 22.06.2010:

Current price 1.2300. Another test around 1.2200 zone could be seen later today. On the other hand if the pair stays above 1.2300 zone we may see further rise towards the 1.2450 zone.

GBP/USD technical analysis today 21.06.2010:

Current price 1.4900. The pair is uptrend movement. If the pair remains above the 1.4900 level, the uptrend will continue. Otherwise if the pair remains below the 1.4900 zone deeper decline towards 1.4800 zone could be seen later today.

EUR/USD technical analysis today 21.06.2010:

The currency pair remains in uptrend position. Current price 1.2447. Further rally towards 1.2500 zone seems possible later today.

GBP/USD technical analysis today 18.06.2010:

The pair remains in uptrend position. Current price 1.4833. Further rise towards 1.4900 zone looks possible later today. The Prelim Mortgage Approvals report and the Public Sector Net Borrowing report will be released today at 8:30 a.m. GMT and both reports are expected to have a medium impact on the market.

EUR/USD technical analysis today 18.06.2010:

Current price of the pair 1.2383. Further rise towards 1.2420 seems possible in a couple of hours. Resistance is now located at 1.2452. Current trend - BUY.

EUR/USD technical analysis today 17.06.2010:

The European currency remains in uptrend position. Current price 1.2390. Next targets are 1.2430-1.2450 in the next a couple of hours.

EUR/USD technical analysis today 16.06.2010:

Current price 1.2288. Further rise towards the 1.2300 zone seems possible later on today. The major resistance is now located at 1.2370 and the support level is located at 1.2270.

Major economic events for today:

The German ZEW Economic Sentiment report will be released today at 10:00 a.m. GMT. The forecast is 48.7 and the actual report number must be higher than the forecast in order to affect the Euro in a positive direction.

The next major event for today is the Inflation Report Hearings in the UK. The report will be released at 10 a.m. GMT. The hearings are a few hours in length and can create market volatility for the duration. 

Also today at 2:00 p.m. GMT, the TIC Long-Term Purchases report will be released in the US. This data represents the balance of domestic and foreign investment. The forecast is 77.3B and the actual report number must be higher than the forecast to have a positive impact over the US dollar.

GBP/USD technical analysis today 15.06.2010:

Current price 1.4720. The pair remains in uptrend position and next target could be around 1.4800 zone.

EUR/USD technical analysis today 15.06.2010:

Current price 1.2175. It looks possible next level to be around 1.2300 in the next hours. If the pair breaks below 1.2100 zone we may see another fall towards 1.2050 zone.

EUR/USD technical analysis today 14.06.2010:

The currency pair remains in uptrend movement. Current price 1.2252. The technical indicators signal for increase. Possible level in the next hours around 1.2300 zone.

US Retail Sales m/m will be released today:

The report may show rising in May and it could trigger the US dollar uptrend against some major currencies. Investors are too negative for the Euro which could also be in favor of the US dollar. The report will be released today at 1:30 p.m. GMT.

UK Manufacturing Production m/m report will be released today:

It's a leading indicator of economic health. The forecast is 0.6% and the actual report number must be higher in order to be considered positive for the British currency. The report will be released today at 9:30 a.m. GMT.

EUR/USD technical analysis today 11.04.2010:

The current price 1.2102. Possible rise towards 1.2150 zone later today looks possible.

EUR/USD updates:

The EUR rose against the US dollar. Current price 1.2073. Further rally towards 1.2120 could be seen. On the other scenario, a fall below the 1.1950 zone will trigger the pair around 1.1900.

EUR/USD technical analysis today 10.06.2010:

Current price 1.2010. Further decline towards the 1.1950 zone could be seen later on today. Main resistance is now located at 1.2042.

Market updates:

Greece may abandon the EURO. This news could be taken as negative for the European currency. Current price EUR/USD 1.1945. Possible next level around 1.1900 zone.

GBP/USD technical analysis today 09.06.2010:

The pair remains in downtrend position. Another fall towards 1.4420 zone looks possible later on today. Resistance is now located at 1.4510.

EUR/USD technical analysis today 09.06.2010:

Current price 1.1973. The pair remains in downtrend position. The resistance is located at 1.2010. It will probably go down around 1.1920 zone later on today.

GBP/USD technical analysis today 08.06.2010:

The currency pair remains in downtrend movement. Current price 1.4510. Another fall towards the 1.4450 zone could be seen later today.

EUR/USD technical analysis today 08.06.2010:

Current price 1.1950. Possible test around 1.2000 could be seen today and than another fall towards the 1.1900 zone could be tested as well.

EUR/USD update:

Current price 1.1955. I expect in the next hours another test of 1.1900 area. Resistance is now located at 1.2050.

EUR/USD technical analysis today 07.06.2010:

The pair remains in downtrend position. Current price 1.1942. Possible next level in the next a couple of hours 1.1850.

EUR/USD technical analysis today 02.06.2010:

Current price 1.2350. Another test of 1.2200 could be seen later today. The main resistance is now located at 1.2400. Only a break above this level could trigger the pair around 1.2450 area.

US Pending Home Sales m/m report will be released today:

The forecast is 4.9%. On the previous release on May 4, 2010 the actual report was higher than the forecast and it had a positive impact over the US dollar. Today's report will be released at 3:00 p.m. GMT.

EUR/USD technical analysis today 02.06.2010:

Current price 1.2220. Another fall towards 1.2100 zone could be seen later on today. The pair remains in downtrend movement. Main resistance is now located at 1.2300 zone. Only a rise over this level could trigger the pair back to a level around 1.2400.

GBP/USD technical analysis today 01.06.2010:

Current price 1.4517. Main resistance is now located at 1.4600. As long as this level holds the downtrend movement will continue. Possible levels in a couple of hours 1.4450-1.4480.

EUR/USD technical analysis today 01.06.2010:

The currency pair remains in downtrend movement. Current price 1.2265. It looks possible to try another test of 1.2150 area later today.