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Key News
- `Liquidity Seizure' May Drag World Into Recession, Nomura's Schulte Says (Bloomberg)
- China Property Prices Rise More-Than-Estimated 12.4% (Bloomberg)
- China’s May Exports Rise 48.5%, Property Prices Jump (Bloomberg)
- Australia's Employers Added 26,900 Workers in May, More Than Estimated (Bloomberg)
- New Zealand Boosts Key Rate for First Time in Three Years; Currency Rises (Bloomberg)

Quotable
“To a large degree, the problem is political; countries, even more so than companies, find it hard to change strategies, particularly since the beneficiaries nearly always are/have become powerful players. In addition, policymakers who have grown up with a system that appeared to ...

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Real-time Monetary Inflation (last 12 months): -4.6%

Sometimes readers wonder why so much attention is paid to the weekly oil inventory numbers published by the U.S. Energy Department's statistical service. Truth be told, a lot of trader breath is held awaiting each Wednesday morning release by the Energy Information Administration.

The numbers can sometimes be surprising—such as yesterday's unexpected drawdown in crude stocks (see "Oil Inventories Continue To Surprise Everyone")—sometimes not.

One week's inventory figure, important as it may seem, doesn't tell oil's whole story. For that you have to pull back to see the larger trend. And you have to keep an eye on another metric we follow ...

Biggest % gainers: This is where the momentum is this morning! NZD/JPY up 2.79%, NZD/USD up 2.74%, AUD/JPY up 2.34%, AUD/USD up 2.30%, CAD/JPY on commodity dollar strength after New Zealand raised interest rates last night by a 1/4 point. JPY and USD are diving

Biggest % losers: EUR/NZD down 1.60%, GBP/AUD down 1.54%, EUR/AUD, USD/CAD on commodity dollar strength.

AUD employment improved overnight & NZD raised interest rates to 2.75% as expected.

Meanwhile the BOE & ECB both held interest rates unchanged as expected.

EUR ECB Press Conference (Trichet speaking) at 8:30am EST today.

CAD Trade Balance worse at 0.2B vs. 0.7B expected. Last time was revised lower ...

Forex Trades 06/10 - US session
[b][img]http://www.mataf.net/images/_V3img/fleches/down_arrow_16.png[/img] [url="http://www.mataf.net/en/forex/eurusd"]EUR/USD - Euro / US Dollar[/url][/b]
[b]Entry[/b]: 1.2045
[b]Stop[/b]: 1.207
[b]Resistances[/b]: 1.222 - 1.215 - 1.2095
[b]Supports[/b]: 1.1875 - 1.195 - 1.201

[b][img]http://www.mataf.net/images/_V3img/fleches/down_arrow_16.png[/img] [url="http://www.mataf.net/en/forex/usdcad"]USD/CAD - US Dollar / Canadian Dollar[/url][/b]
[b]Entry[/b]: 1.0355
[b]Stop[/b]: 1.038
[b]Resistances[/b]: 1.0455 - 1.0415 - 1.036
[b]Supports[/b]: 1.025 - 1.03 - 1.033

[b][img]http://www.mataf.net/images/_V3img/fleches/down_arrow_16.png[/img] ...