THE PRICE OF PHYSICAL GOLD jumped in US Dollars for the third session running early Monday in London, recording the best AM Gold Fix since Feb. 24th at $987 per ounce."We see the $1000 level [in Gold] as the next obvious target from here," says the daily note from London market-makers Scotia Mocatta. "The bullish picture for bullion is confirmed by the weekly candlesticks which have seen four consecutive up weeks for gold." But it will be "interesting" to watch for "bouts of liquidation" in Gold Investment as the price approaches $1,000 says another London dealer. "It is worth noting that speculators on Comex are now very long," says UBS analyst John Reade, quoted by Dow Jones, "and with no sign of strong inflows into the ETFs, the Dollar must weaken further for gold to make more ground." Jumping 11% to the greatest level since July '08, the "net long" position in Gold Futures held by hedge funds and other large speculative players rose for the fifth week running in the week-to-last Tuesday.
Gold prices are currently at $976.90 per ounce.

Edges up to $1.4220 area in current trade amid modest flows, one trader suggesting the pair being driven mostly by stops after buyers failed to collect enough euros on the morning dip to $1.4150 where decent bids emerged. Pair on approach to morning highs near $1.4230 where profit-take sales weighed with overnight high at $1.4246 clearly in view.

General Motors Corp
The iconic automaker filed for bankruptcy to the U.S. Bankruptcy Court for the Southern District of New York, reporting total assets of $82.3B on a consolidated basis, with total debt of $172.8B.

Citigroup Inc
The global bank, along with GM, will be dropped from the Dow Jones industrial average, to be replaced by Travelers and Cisco, as of June 8.

Goodyear Tire & Rubber Co
The largest U.S. tiremaker sold some of its Akron, Ohio, properties to Industrial Realty; it will record a non-cash, after-tax charge of as much as $45M in the second quarter in connection with the property sales.

Ford Motor Co
The automaker which needs no financial assistance from the government, is preparing to increased production of cars and trucks by about 10% in the third quarter, according to The Wall Street Journal.

Sterling strengthening against the Greenback has continued during the American session with the slow but strong pace. GBP/USD has risen around 110 pips from 1.6360 ahead US opening bell to post a new 7-month high at 1.6470. Currently the pair is trading around 1.6455/65, rising 1.85% so far today from opening price action.

The dollar fell to an eight-month low versus the Australian currency and dropped against the Norwegian krone after reports in the U.S. and China showed global growth may be recovering, sparking demand for higher-yielding assets. The Japanese yen weakened against all of the 16 most actively traded currencies, as a report showing manufacturing in China expanded for a third month encouraged Japanese investors to buy higher-yielding assets overseas. The dollar fell to the weakest level since October against the pound and the Canadian currency as stocks and commodities advanced after the U.S. manufacturing sector shrank at the slowest pace in eight months.
“Better-than-expected data around the world kept alive the idea that the worst of the recession is over,” said Richard Franulovich, a senior currency strategist at Westpac Banking Corp. in New York. “Confidence is rising. The dollar and the yen both benefited from their safe-haven quality last year. Now investors are shifting out of these currencies.”
The Purchasing Manager’s Index for China fell to a seasonally adjusted 53.1 in May, from 53.5 in April, the Federation of Logistics and Purchasing said today in Beijing. In the U.S. the Institute for Supply Management’s factory index rose to 42.8 from 40.1 in April. A reading above 50 in both indexes indicates expansion.
The dollar earlier weakened to higher than $1.42 per euro for the first time since Dec. 30 after the Congressional Budget Office projected the U.S. deficit will quadruple to about $1.8 trillion. “The trend is for a decline in the dollar on the deteriorating quality of U.S. government debt,” said Susumu Kato, chief economist in Tokyo at Calyon Securities, the investment-banking unit of Credit Agricole SA. “The market is very skeptical of the growing budget deficit.”

U.S. stocks rose, following gains in Europe and Asia driven by data showing China's manufacturing continued to expand moderately in May. The dollar weakened, boosting investor demand for oil and commodities. "It's the dollar and equities," said Christopher Bellew, a broker at Bache Commodities. "It's maybe not so surprising if there is a chance of seeing some economic recovery and increased demand for oil."
U.S. crude at $67.98 having climbed as high as $68.29.

Stocks rallied Monday, with the Dow gaining 200 points, as investors looked past the bankruptcy of General Motors to focus on upbeat economic reports from around the world.
Two Dow components, General Motors and Citigroup (C), will be officially removed from the average on June 8, Dow Jones announced Monday. Travelers Companies (TRV) will take the place of Citi; Cisco Systems (CSCO) will fill GM's slot.
The manufacturing sector contracted in May, but the pace of deterioration was slower than expected, according to an industry report.
The Institute for Supply Management said its index of national factory activity rose to 42.8 from 40.1 in April. Economists had expected the index to increase to 42.
Meanwhile, two separate reports showed manufacturing activity in China expanded last month.
Construction spending unexpectedly rose 0.8% in April, its biggest increase in eight months, the Commerce Department reported.
Separately, personal income rose 0.5% in April, the biggest increase in 11 months, the government reported Monday. But consumer spending dropped 0.1%.
GM (GM) filed for bankruptcy protection Monday in a move aimed at helping the once-mighty automaker emerge with only its more profitable plants, brands, dealerships and contracts.
GM's bankruptcy filing occurred just hours after a U.S. Bankruptcy Court judge in New York approved Chrysler's sale of most of its assets to Italian carmaker Fiat.
Bonds: Treasury prices fell, with the yield on the benchmark 10-year note rising to 3.64% from 3.46% Friday. Bond prices and yields move in opposite directions.
Other markets: Asian stocks soared, with Japan's Nikkei adding 1.6%. Major European markets traded in positive territory in afternoon trading.
NYMEX oil for July delivery rose by $1.06 a barrel to $67.38.
COMEX gold for August deliver fell $1.30 an ounce to $979.

They attribute the revision to the recent rally in crude price above their previous estimates, as well as the increased correlation observed with the equity markets. They also revised their 2010 expected average from $63/bbl to $75, saying "We revise up our 2010 average to $75 on potential for renewed supply constraints, a recovery in economic growth and inflationary concerns boosting interest in commodities as a hedge"

Stocks continue climbing upward to fresh session highs. Commodities are also having a strong session as the CRB Commodity Index advances 1.4%.
Underpinning the CRB's ascent is a 1.8% advance in crude oil prices. Crude is currently trading hands at $67.50 per barrel, just shy of the 2009 highs that were set earlier this session.
Natural gas prices are also up handsomely. Contracts are currently being priced 6.8% higher at nearly $4.10 each.
Meanwhile, gold is having a less impressive session, though it continues to come closer to its 2009 high of nearly $1,005 per ounce. Gold was recently quoted 0.2% higher at $981.10 per ounce.

"ISM is being lifted partly by a catching-up or rebound after the post-Lehman plunge, during which time companies seem to have slashed their spending more deeply than was sustainable, and partly by an unfreezing of world trade. Export orders rose to 48.0 from 44.0. When exports are rising ISM overpredicts GDP. But today markets will see green."

Stocks are extending their gains in the wake of some upbeat economic data. The run up in stocks this session has taken S&P 500 to its highest level since reaching nearly 944 on January 6.
The ISM Manufacturing Index for May came in at 42.8, which is in step with expectations and still indicates that manufacturing activity is contracting since it is below 50. However, the number has improved during recent months, most recently from April's reading of 40.1 and March's 36.3.
Meanwhile, construction spending for April showed a surprise 0.8% month-over-month increase. Construction spending was expected to decrease 1.5% following a 0.4% increase in March.

Prices paid 43.5 vs 32.0,
new orders 51.1 vs 47.2,
employment 34.3 vs 34.4,
production Index 46.0 vs 40.4.

Gains are broad-based in the first few minutes of trading. All 10 sectors are in positive ground.
Financial stocks had been trading as notable laggards. The sector was recently trading just above the unchanged mark, but has since garnered enough support to take it to its current 1.2% gain.
Still, some of the most robust gains are being seen among energy stocks (+2.7%), which are not only benefitting from the strong bias in the broader market, but also being supported by continued gains in crude oil prices. Oil prices are currently up more than 2% to a fresh 2009 high of roughly $67.75 per barrel.
Though energy stocks are trading markedly higher, industrials (+2.9%), materials (+2.7%), and consumer discretionary stocks (+2.7%) are trading with similar gains.

U.S. stocks were poised to soar at the start of trading Monday after General Motors filed for bankruptcy and a bankruptcy court judge ruled in favor of Chrysler's asset sale.

Mizuho's Steve Ricchiuto - "Personal income rose a surprisingly large 0.5% in April as wage and salary income held steady during the month. The Obama tax cuts boosted disposable income which rose 1.1%. With personal spending declining by 0.1% during the month, the personal savings rate jumped up to 5.7%. Real consumption spending in April is down 1.2% relative to the second quarter average suggesting that if GDP is to bounce in the second half as the consensus forecasts it will have to be the result of a reduced inventory liquidation not a spike in demand. The PCE deflator rose by 0.1% in April and the core price index rose by 0.3%. The divergence between the headline and the core measure is largely accounted for by a rise in excise taxes and higher auto prices."

Cross is under pressure, edging to fresh lows on the day, bringing the May base at stg0.8654 into play. Stops at risk under stg0.8650 as the cross moves further below the 200-day moving average after breaking underneath this morning. Some light demand comes in around stg0.8600, stronger at stg0.8580.

"Today, both income and consumption are expected to have fallen 0.2% in April. The ISM manufacturing index is expected to have risen from 40.1 to 42.0, though we think a rise is unlikely given the Chrysler bankruptcy. Construction spending is expected to have fallen by 1.5%." -FTN's Chris Low.

Data released
07:45 Italy PMI (May) 41.1 39.2 37.2
07:50 France PMI (May) 43.3 43.1 40.1
07:55 Germany PMI (May) seasonally adjusted 39.6 39.1 35.4
08:00 EU(16) PMI (May) 40.7 40.5 36.8
08:30 UK CIPS manufacturing index (May) 45.4 44.2 43.1 (42.9

The dollar fell after a report showed China’s economy, the world’s third-largest, may be recovering from its deepest slump in almost a decade, sparking demand for commodities and higher-yielding assets.
The Russian ruble rose to its strongest level since January as manufacturing in China expanded for a third month.
The dollar weakened, led by a 1.6% drop against the Norwegian krone and a 1.5% decline versus the Australian dollar.
The euro climbed to a five-month high against the U.S. currency and the pound traded at its strongest level versus the dollar since Oct. 31.
The Dollar Index declined to the lowest level this year as the U.S. government said it will own a majority of General Motors Corp. after the carmaker filed for bankruptcy, heightening concern about record debt sales to fund bailout packages and economic stimulus programs.

EUR/USD opened in early Europe around $1.4130. Release of better-than-expected Chinese PMI data was the catalyst for another round of dollar sales, with euro-dollar pressing back to $1.4162, later easing back to $1.4120. Later euro rose to $1.4246.

EUR/USD 1.4000, $1.4200
USD/JPY Y95.00
USD/CAD C$1.1000
AUD/USD $0.7900, $0.8125

WTI Nymex crude is continuing to consolidate gains in the electronic session Monday, easing from the highs at $68.29. Traders are now looking to US personal income data at 1230 GMT, and also note today is the official start of the Atlantic Hurricane Season. The WTI Nymex front
month is currently up $1.37 at $67.78.

The dollar fell sharply on Monday, tumbling to its lowest so far this year against a basket of currencies and the euro as optimism that the global economy is on the road to recovery.
The commodity-related and higher risk Australian and New Zealand dollars performed particularly well, hitting 8-month highs against their U.S counterpart as oil prices jumped to a 7-month peak and European shares soared 2 percent.
News that China's manufacturing sector continued to expand modestly lent further credence to the notion that the global economy is on the mend and dented the U.S. currency. Though the official purchasing managers' index dipped to 53.1 in May from 53.5 in April, this was the third month in a row that the reading has been above the 50 level that separates expansion from contraction.
The final euro zone PMI manufacturing index beat expectations meanwhile, rising to a seven-month high of 40.7 in May, up from the provisional estimate of 40.5. The UK manufacturing PMI also showed the slowest contraction in the sector in a year
Meanwhile, investors will be watching closely for further news on General Motors after U.S. officials said the auto giant will file for bankruptcy later Monday, the third largest in U.S. history
The next focus in terms of data will be the release of the latest U.S. ISM survey on manufacturing activity at 1400 GMT.

The Xetra-DAX is continuing to outperform Monday morning, pushed further after better than expected German PMI data. Auto-stocks are making good gains, including Daimler AG, Volkswagen and BMW. The Xetra-DAX is currently up 156 pts (+3.2%), and elsewhere in Europe, the FTSE-100 is up 69pts (+1.6%), and CAC-40 up 77pts (+2.3%).

Resistance 3:Y97.20
Resistance 2:Y96.20
Resistance 1:Y95.20
Current price: Y94.74
Support 1: Y94.40
Support 2: Y93.80
Support 3: Y92.40
COMMENTS: Techs on the dollar hasn’t changed: the rate failed to break under Y94.40 (May 25 low). Below losses may dip to Y93.80 (May 22 low) and then – to Feb 9 high (Y92.40). The minor resistance - Y95.50 (session high). More important level is on Y96.20 (May 20 high). Above rate may recover up to Y97.20/40 (May 28 high, 61,8% Fibo of Y99.55-Y93.80 falling).

Resistance 3:Chf1.0960
Resistance 2:Chf1.0860
Resistance 1:Chf1.0700
Current price: Chf 1.0636
Support 1:Chf1.0620
Support 2:Chf1.0530
Support 3:Chf1.0370
СOMMENTS: Dollar challenged key channel support line from Apr 22 at Chf1.0620 and remains a bit above. Break under opens the way to Chf1.0530 (Dec 31’2008 low). Further decline may widen to Chf1.0370. Resistance comes at session highs on Chf1.0700, then – Chf1.0860 (Friday’s high). Neat band of strong resistance is at Chf1.0960 (May 28 high, May 13 and 20 lows).

Resistance 3:$1.6800
Resistance 2:$1.6500
Resistance 1:$1.6430
Current price: $1.6391
Support 1: $1.6160
Support 2: $1.5850
Support 3: $1.5600
COMMENTS: The sterling looks optimistic. Resistance comes at $1.6430 (session highs). Above the target comes at $1.6500. Stronger level is near $1.6800 (50,0% Fibo of $2.0130-$1.3520 decline). Support is near session lows on $1.6160. Below losses may widen to $1.5850 (yesterday’s low), then – to $1.5600.

Resistance 3: $1.4600
Resistance 2: $1.4360
Resistance 1: $1.4240
Current price: $1.4218
Support 1: $1.4100
Support 2: $1.4050
Support 3: $1.4000
COMMENTS: Euro tested strong resistance near channel line from Apr 28 at $1.4240 before retreated. Above the rise may extend to $1.4360 (Dec 29 high) and then – to $1.4600 (61,8% of $1,6030-$1,2330 decline). Support comes near session lows on $1.4100. Below losses may widen to $1.4050 (May 22 high) and $1.4000.

USD/JPY reported stops under Y94.40 coming under pressure but still intact. Currently rate tries to recover to Y94.62. A break below Y94.40 would expose a potential deeper move towards last month's lows at Y93.87.

GBP/USD breaks above $1.6400 and surges to the highs near $1.6430, with the $1.6460 area seen as next target (October 31 high).

EUR/GBP refreshed new lows ahead of the May lows (stg0.8654), with techs analysts still looking for a sustained break below the 200-day moving average (stg0.8692) to suggest this move has further downside potential. Offers back at stg0.8700 in small, more noted into stg0.8730.

EUR/USD
Offers: $1.4220/30, $1.4300, $1.4360

GBP/USD
Offers: $1.6390/1.6400

USD/JPY
Bids: Y94.60

EUR/GBP
Bids: stg0.8660/50

EUR/JPY
Offers: Y135.00, Y135.70

USD/JPY has slipped back again, though as yet the move is contained around the Asian lows. Bids still seen into Y94.60 with stops under Y94.40. A deeper move to expose the May lows at Y93.87.

Data:
01:30 Australia Retail Sales Trend (MoM) (April) 0,3%

The U.S. dollar fell against the Australian and South Korean currencies as signs of recovery in China, the world’s third-largest economy, encouraged investors to seek higher-yielding assets.
The Dollar Index dropped to the lowest this year as the U.S. government said it will own a majority of General Motors Corp. after the carmaker’s bankruptcy, increasing concern about record debt sales to fund bailout packages and economic stimulus plans. Taiwan’s dollar climbed the most since April 30 after China said manufacturing grew for a third month. The euro fell against the yen and the dollar on concern European policy makers will signal this week they plan further steps to keep down borrowing costs.
The Purchasing Manager’s Index fell to a seasonally adjusted 53.1 in May from 53.5 in April, the Federation of Logistics and Purchasing said in Beijing. A reading above 50 indicates expansion.
Australia’s dollar touched the highest since September after prices of raw materials, which account for more than 50 percent of the country’s exports, climbed in May by the most since 1974 amid concern the largest-ever U.S. budget deficit will devalue the greenback. The so-called Aussie surged by a record last month before a central bank meeting tomorrow when economists estimate policy makers will keep interest rates at 3 percent, the most in the industrialized world.
The Dollar Index fell by the most in three weeks on concern the U.S. government will end with a 60 percent stake in GM, the world’s largest automaker for 77 years. The government is “a reluctant equity owner,” the Obama administration said yesterday in a statement.

EUR/USD at the first o'clock of the tenders the pair consolidated within the limits of $1,4100-$ 1,4160. Later the rate become stronger in area $1,4220

Momentum strong enough to push the pair through $1.4200 as the greenback continues to come under pressure across the board. Offers now noted at $1.4220/30.

EUR/USD 1.4000, $1.4200
USD/JPY Y95.00
USD/CAD C$1.1000
AUD/USD $0.7900, $0.8125

Japan's benchmark stock indices ended Monday's session higher across the board, ending at a seven month high, with automakers leading the way. Auto stocks were boosted after U.S. officials said General Motors was set to enter Chapter 11 bankruptcy protection later Monday, entering a reorganisation that was set to last 60-to-90 days. The Nikkei 225 was higher by 155.25 points, or 1.63%, to stand at 9677.75. The broader-based TOPIX was 14.73 points higher at 912.64. The Nikkei ended above the 9,600 level for the first time in seven months.Volume for the Nikkei constituents totalled a preliminary 1.577 bln shares, with 180 issues trading higher, 38 lower and 7 unchanged.

Japan stocks rose, extending weekly and monthly gains, after oil hit a six-month high and sea cargo rates surged, overshadowing unemployment at a five-year high.
Inpex Corp., Japan’s No. 1 oil explorer, gained 6.3 percent. Kawasaki Kisen Kaisha Ltd., the nation’s third-biggest shipping line, added 6.4 percent. Yamada Denki Co., Japan’s biggest electronics retailer, lost 2.7 percent as the jobless rate climbed in April and household spending sank for a 14th month. Toshiba Corp. added 2.6 percent on a media report the company will increase production of semiconductors.
The Nikkei 225 Stock Average climbed 71.11, or 0.8 percent, to close at 9,522.50 in Tokyo. The broader Topix index added 2.32, or 0.3 percent, to 897.91. Five stocks declined for every four that advanced on the Topix.
The Nikkei added 3.2 percent on the week and 7.9 percent in May, the third-straight monthly climb. The Topix had respective gains of 2.5 percent and 7.2 percent. Companies on the Topix traded at 1.15 times book value yesterday, the highest level since Oct. 6.
Inpex gained 6.3 percent to 771,000 yen, while smaller rival Japan Petroleum Exploration Co. soared 9.8 percent. Crude rose to a six-month high after the Organization of Petroleum Exporting Countries decided to leave production quotas unchanged.
Crude for July delivery rose as much as 0.6 percent on the New York Mercantile Exchange, and yesterday gained 2.6 percent to $65.08 a barrel, the highest settlement since Nov. 5.
Kawasaki Kisen added 6.4 percent to 431 yen after the Baltic Dry Index, a measure of commodity-shipping fees, climbed for a 19th day to an eight-month high. Market leader Nippon Yusen K.K. leapt 5.3 percent to 456 yen. Mining companies and shipping lines were the biggest winners among 33 industry groups on the Topix, followed by developers.
Mitsui Fudosan soared 7 percent to 1,585 yen, bringing its gain this week’s to 20 percent, the most since the five days ended Nov. 28. A gauge of property developers sharply extended gains in the last five minutes of Tokyo trading.

European stocks rose for a second week, with the Dow Jones Stoxx 600 Index capping its longest stretch of monthly gains since May 2007, as investors speculated the worst of the global recession is over.
Anglo American Plc and Total SA led commodity producers higher after base metals and crude oil increased. Tesco Plc paced an advance among retailers as investors sought shares of companies whose profits are more closely tied to economic growth. United Internet AG rallied 27 percent after agreeing to buy Freenet AG’s digital subscriber-line business.
National benchmark indexes rose in 11 of the 18 western European markets. The U.K.’s FTSE 100 climbed 1.2 percent, led by a rally in mining shares. France’s CAC 40 added 1.5 percent and Germany’s DAX advanced 0.5 percent.
Anglo American, the world’s fourth-biggest diversified mining company, soared 9.4 percent. Xstrata Plc, the fourth- largest copper producer, added 4.4 percent. Copper advanced for a fifth consecutive month on the London Metal Exchange. LME- monitored stockpiles of copper have fallen 43 percent from a peak at the end of February as China, the world’s largest consumer, bought metal.
Oil was on course for its biggest monthly gain in a decade after OPEC kept its output unchanged. Crude has climbed to a six-month high above $66 a barrel in May.
Total, Europe’s third-largest oil company, rose 2.7 percent. Royal Dutch Shell Plc, the biggest, advanced 1.8 percent. Cairn Energy Ltd., the U.K. explorer operating on six continents, increased 3.9 percent.
Seadrill Ltd. added 8.8 percent after the Norwegian oil-rig company controlled by billionaire John Fredriksen said first- quarter net income was $243.2 million, beating the $148 million average estimate of 10 analysts surveyed by Bloomberg News.
A measure of retailers in the Stoxx 600 rose 1.8 percent. Tesco, the U.K.’s biggest retailer, climbed 4 percent. Metro AG, Germany’s largest, rallied 4.7 percent.
U.K. consumer confidence matched the highest level in almost a year this month as people became more optimistic that they can weather the recession, according to a report today. Conference Board figures earlier this week showed confidence among U.S. consumers in May surged the most in six years.

The S&P 500 spent nearly the entire session gyrating within a nine point range amid light trading volume, but managed to close at session highs following a late flurry of buying and a spike in trading volume.
In what was May's final trading session, more than 1.8 billion shares traded hands on the NYSE, the most in more than one month.
Financial stocks were integral to the late move. After being a source of weakness for most of the session, financial stocks rallied from a loss in excess of 1% to finish with a 1.7% gain in the final hour.
While financial stocks made a strong finish, materials stocks spent the entire session trading with enviable gains. The sector closed 3.0% higher, propped up by diversified metals and mining companies (+4.2%), steel stocks (+3.3%), and gold stocks (+3.2%).
Gold stocks were helped along by a run up in gold prices. Gold contracts settled pit trading with the yellow metal priced at $979.00 per ounce, up 1.8% for the session and more than 20% from their 2009 lows. Gold prices are now less than 3% below their 2009 highs.
Meanwhile, crude oil prices rallied 1.7% to finish at a fresh six-month high of $66.21 per barrel.
A 1.5% drop in the Dollar Index helped underpin a broad ascent by commodities. As such, the CRB Commodity Index finished 1.3% higher. Commodities finished May with a gain of more than 14%, outperforming the S&P 500, which logged a monthly gain of 5.2%. Still, the S&P 500 has finished the last three months with gains.
General Motors (-0.37) has had an awful month, however. The stock has lost more than half its value since the start of May as the company comes face to face with the government's restructuring deadline. With the threat of bankruptcy looming, shares of GM are at record lows.
In other corporate news, J. Crew (+5.40) posted upside first quarter earnings and guided second quarter earnings above the consensus forecast, winning it favor among investors. The stock logged one of its best single-session performances by surging more than 25%.
Dell (+0.09) was less fortunate, though. The company faltered after posting better-than-expected earnings.
In economic news, preliminary first quarter GDP showed 5.7% drop for the first quarter, which was a slight improvement from the 6.1% decline that had been reported in the advance GDP reading. Participants showed little reaction to the data since most of it was already known.
Treasuries logged a solid session as they continue to recover from Wednesday's beating. The 10-year Note climbed more than one full point to push its yield back below 3.5%.

Resistance 3:Y97.20
Resistance 2:Y96.20
Resistance 1:Y95.20
Current price: Y95.20
Support 1: Y94.40
Support 2: Y93.80
Support 3: Y92.40
COMMENTS: Pair beginning new week with decrease. The nearest support is on Y94.40 (May 25 low). In case of overcoming this level it is possible to expect decrease in area Y93.80 (May 22 low). Below is located Feb 9 high (Y93,80). The nearest resistance - Y95.50 (session high). More important level is located on Y96.20 (May 20 high). Above is possible growth in area Y97.20/40 (May 28 high, 61,8% FIBO of Y99,55-Y93,80 falling).

Resistance 3:Chf1.1240
Resistance 2:Chf1.0960
Resistance 1:Chf1.0800
Current price: Chf 1.0688
Support 1:Chf1.0650
Support 2:Chf1.0530
Support 3:Chf1.0370
СOMMENTS: The dollar bargains near former levels. The nearest level of support is in the field of a low on Chf1.0650/10. On Chf1.0530 is area of Dec 31 low. Key level remains in the field of Chf1.0370 (low of December). The nearest strong level of resistance is Chf1.0800 (area of May 22, 26 and 27 lows). Not less strong level of resistance is Chf1.0960 (area of May 28 high, May 13 and 20 low). Overcoming of this level will open road to Chf1.1240 (area of May 4-5 and Apr 6 lows).

Crude futures extended gains in Asian afternoon trade, although just shy of the best levels, with the front-month July 09 contract last 645 cents higher at $66.95, just shy of the $67.00 level.

Resistance 3:$1.6800
Resistance 2:$1.6500
Resistance 1:$1.6240
Current price: $1.627
Support 1: $1.6090
Support 2: $1.5850
Support 3: $1.5600
COMMENTS: The sterling remains supported. Overcoming of the nearest resistance $1.6240 (session high) will open road to area $1.6500. Above, on $1,6800, the level 50,0% FIBO of $2,0130-$ 1,3520 falling is located. The nearest support is the level $1.6090 (May 27 high). Below loss can increase up to $1.5850 (yesterday's low), and then - to $1.5600 (23,6% FIBO of $1,3650-$ 1,6200 growth).

Resistance 3: $1.4600
Resistance 2: $1.4360
Resistance 1: $1.4160
Current price: $1.4141
Support 1: $1.4000
Support 2: $1.3860
Support 3: $1.3740
COMMENTS: The pair remains in the field of the reached high which is the nearest strong resistance (50,0% FIBO of falling $1,6030-$ 1,2330). Overcoming of the given level will open road to $1,4360 (Dec 29 high) and further to $1,4600 (61,8%). Support is marked in area $1.4000 (earlier resistance). Below probable decrease to $1,3860 (23,6% FIBO of $1,2880-$ 1,4160 growth) and further to $1.3740/20 (May 21 low, peak of May 13 and 38,2%).

01:30 Australia Retail Sales Trend (MoM) (April) 0,3% 2,2%
07:55 Germany PMI (May) seasonally adjusted 39,1 35,4
08:00 Е16 PMI (May) 40,5 36,8
08:30 UK CIPS manufacturing index (May) 42,9
12:30 Canada Gross Domestic Product (MoM) (Mar) -0,1%
12:30 USA PCE price index ex food, energy (April) Y/Y 1,8% 1,8%
12:30 USA PCE price index ex food, energy (April) 0,1% 0,2%
12:30 USA Personal spending (April) -0,2% -0,2%
12:30 USA Personal income (April) -0,2% -0,3%
14:00 USA Construction spending (April) -0,9% 0,3%
14:00 USA ISM Mfg business index (May) 41,8 40,1