FOREXYARD: Forex News Blog

---

Market Review 1.6.12 Posted: 01 Jun 2012 01:27 AM PDT The EUR/USD dropped to its lowest level since July of 2010 at 1.2323 in overnight trading. Investor concerns that the Bank of Japan will intervene in the markets to weaken the yen caused the USD/JPY to come off a recent 3 ½ month low. The pair is currently trading at 78.42. Main News for Today UK Manufacturing PMI- 08:30 GMT • The pound has taken heavy losses against the dollar, yen and euro lately • Analysts are predicting today's news to come in at 49.7, which would mean that the British manufacturing industry contracted last month • If the news comes in as expected, the pound could see additional losses to close out the week US Non-Farm Employment Change- 12:30 GMT • Considered the most important economic indicator on the forex calendar • The last two months have both come in below expectations and have led to dollar losses • Should today's news again disappoint, the dollar could drop against the yen

You are subscribed to email updates from Forex Trading Education : Forex Trading Blog by FOREXYARD To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610