SpotEuro Forex Daily Outlook June 3, 2010
03 Jun, 2010 @ 12:40 pm CET | Par Alex Kazmarck
Mixed session overnight is leading us to stick with our current support and resistance levels. We're looking for a breakout on the Yen pairs and further profit taking on the majors, just ahead of the NFP figures on Friday. The G20 is meeting in S. Korea this weekend and the EZ's debt crisis will surely be a major topic, as will the recent issues between N. and S. Korea. We may see some gaps on Monday's open, depending on what news comes out of the meeting. For the next 48 hours, we'll be focusing on economic data releases, specifically the NFP, which follows a lot of US and UK data due to be released over the next 24 hours.
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