Fundamental Analysis - June 2, 2010

Asia Session

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8:30 pm - Australia - GDP - Figures released this time is expected to show a slowing to 0.6%. This figure is potentially influence market movements and also the reaction of investors because the data is worse than last quarter's GDP amounted to 0.9%.

European Session

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14:15 pm - Switzerland - Retail Sales - Swiss retail sales predicted to decline, although still in positive territory. If released in the prediction of 3.7%, it will be good for CHF.

15:30 pm - UK - Construction PMI - Optimism in the construction sector still seem relatively similar. Data last month amounted to 58.2 and this time the data is predicted to be the same or increased slightly to 58.3. If released in the above figure, will benefit the GBP.

15:30 pm - UK - Net Lending to individuals - Total lending to consumers rose from 0.6 billion predicted to be 1.1 billion GBP GBP. If released in the above figure, would be beneficial because it shows the bank GBP starting to believe again to lend, and potentially increasing consumer spending data for the future.

Sessions America

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21:00 pm - Europe - Speech Axel Weber - President of the Deutsche Bundesbank will make a speech at one school in Hachenburg. Optimistic statements that will support the euro.

21:00 pm - America - Pending Home Sales - The number of property transactions are still waiting for the final return is expected to slow, increasing only 4.9% expected. Two months ago, the data showed a significant increase 8.2%. If released in the top 4.9% will benefit the U.S. dollar.