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[B]US[/B][B] Unemployment Claims and Trade Balance followed by Canada’s Trade Balance highlight this day’s events. Let’s see what awaits us today. [/B]
In the US, Unemployment Claims are expected to continue decreasing from 453K to 447K which is a good sign for the US market.

Later in the US, Trade Balance shows the opposite inclination expected to increase its balance of trade deficit by $400,000,000 from 40.4B in May. Federal Budget Balance is also expected to drastically increase its deficit exceeding May’s report by 55.9B reaching -138.6B may be caused by foreign aid plans.
In Canada, Trade Balance is expected an improvement of 0.4B following May’s decline reaching a balance of trade surplus equivalent ...

Forex Trades 06/10 - European session
[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]: 1.038
[b]Stop[/b]: 1.0405
[b]Resistances[/b]: 1.052 - 1.045 - 1.041
[b]Supports[/b]: 1.0255 - 1.0335 - 1.0365

[b][img]http://www.mataf.net/images/_V3img/fleches/down_arrow_16.png[/img] [url="http://www.mataf.net/en/forex/usdchf"]USD/CHF - US Dollar / Swiss Franc[/url][/b]
[b]Entry[/b]: 1.144
[b]Stop[/b]: 1.146
[b]Resistances[/b]: 1.156 - 1.1505 - 1.1475
[b]Supports[/b]: 1.127 - 1.138 - 1.1415

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

EURUSD Forecast:
The EURUSD attempted to push higher yesterday, topped at 1.2072 but unable to consistently move above 1.2050, and closed lower below 1.2000 psychological area. The Euro has been moving in rapid bearish movement since December 2009 from 1.5140, so any upside pressure is normal at this phase as price already in oversold area. We need a clear break below the minor bullish channel (blue channel) to continue the bearish scenario testing 1.1800 and 1.1600 area. As you can see on my h1 chart below, price has to move above the minor trendline resistance (red) to continue the bullish correction scenario. We still have some space for the upside correction in nearest term while market is still volatile, but the main scenario remains ...

[B]Bias:[/B] This seems to buck the trend and suggest a recovery to 0.8450-75 before lower.

Price refused to obey me. so. the only conclusion that seems logical to me is that while we are still seeing a corrective structure we require a little more recovery before the next downward leg. The current rally should move back to the 0.8356 high where a risk of a pullback is present. Once complete then a move to the 0.8403 area appears to be implied. I am slightly concerned considering my overall view, but this does seem to suggest extension to 0.8450-75... However, take care.

The upside would appear to require a de-linking from the general U.S. Dollar bullishness. To break this we shall need a break below this morning's ...

Attached Files

• The Brief Daily Forecaster.pdf (88.3 KB, 92 次查看)