1 - 5 June News

Alright, a new week... What are the news that are coming out this week and what is the severity of the news? What should the interpretation of the news be (Bullish / Bearish)? Shaz care to comment

Just be careful for BoE & ECB rate cut decision coming out this Thurs 4 Jun
AdamG said EU may going down... just check it before follow it...

Non-Farm Payroll for US this Friday as well...
This news maybe related
http://www.bloomberg.com/apps/news?pid=20601087&sid=aSc829RcWzSc&refer=home

If I am not mistaken, we(beginner) are not adviced to trade on the first friday of the month which is 5th June am I right?

It's all depends on individual...
maybe u want to sit out first and watch the market movement this Friday...
normally every Friday, after 2am trading will become crazy...

G/U high today, sprint up from 1.61610 -> 1.64333
almost 270pips

most likely because it's Monday and Dollar weaken

http://www.dailyfx.com/story/dailyfx_reports/daily_fundamentals/US_Dollar_Decline_Shows_No_1243636097409.html

earned anything from the 270 pips?

Goodbye GM~

Latest news, US ISM figure better than expected and production new order above 50k
so the news some kind of killed G/U movement at 1.6437...

Today I only played fave pair G/J

Basically pound on drug... running high...
This morning I long G/J 1K at 153.96 sold off at 155.24
and now G/J at 157.953...

Finally GM filed for Ch 11 - bankruptcy
G/J moved almost 448pips today and still moving...

ok now hit 158.xxx ady
looks like the pair want to touch 160.xxx
Now too overbought

DJIA rally up so G/U lost steam a bit..
S&P500 almost breaking 200SMA...

More news...
FTSE 100 (Euro) also rally up
Oil rally up
Gold rally up

For currency:
Euro break important line at 1.42
Pound break at 1.64
Dollar may weaken but depend on key figures due this week

The news & figures moving up faster than I can typed

This will be a crazy week... not going to touch forex for this week and the next. haha.

In the end, G/J moved around 575pips yesterday (159.22 - 153.47)...
I say crazy Monday...

wa. really nuts. everyone so frantic on forex nowadays huh.

Pound drop today:
http://www.dailyfx.com/story/dailyfx_reports/daily_brief/British_Pound_Tumbles_Lower_as_1244197444623.html

Never underestimate politic also can kacau currency

That was from rumours about Brown... Saw it in fx360 I think.

Non farm payroll shows strengthening USD, that was 1 reason EU went down 202 points. Cheers to whoever that caught the wave~

That's all for this week folks, Have a great weekend