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Sterling Press U.S. Dollar, Stronger In Technical

Pound currency pairs trade on GBP/USD this evening (31-05) was observed to move higher and the pair is trading at around 1.4540. Pound Sterling opened in the area bearish on the market opening this morning, is now observed to have moved up and is in bullish territory.

The technical Pound has strengthened the potential indication of where the market is technically oversold. Pound sterling on the currency pair GBP/USD is likely to be still higher, and is expected to face resistance at around 1.4572.

The lower expectations and Investment Expenditures euro weaken against yen

Indicators M3 Money Supply y / y expected to be down and expectations of these things affect the movements observed in the pair pro Yen EUR/JPY. Euro is weakening and moving observed in the range of 112.21.

M3 Money Supply y / y is expected to drop to -0.2% in which the value of this indicator in the earlier period was -0.1%. Estimated decrease in the indicator shows the potential decrease in the level of spending and also the level of investment in the EU economy.

Australian Dollar Moving Narrow, Anticipating Tomorrow RBA Interest Rate Announcement

In currency trading the Asian session today (31-05), the AUD currency is still seen moving narrowly against the U.S. Dollar. Pair AUD/USD is currently engaged in the range of 0.8474.

For now, the AUD is still looking bearish, where interest rates the RBA is expected to be maintained at the level of 4.50% tomorrow. However, the RBA may raise interest rates again starting in the second half of this year, driven by good economic growth prospects in Asia, especially China.

Euros Still Limited Moving, Still Bearish Outlook

In currency trading the Asian session today (31-05), look euro currency strengthened slightly against the U.S. Dollar. Pair EUR/USD is currently moving at around 1.2325.

While the Euro has not declined further, the outlook is still very bearish. Credit Rating Spain has been cut from AAA to AA +, showing that European debt crisis seems far from over and could potentially continue to deteriorate.

The technical, Euro still remains bearish, the nearest resistance can now be found in the range of 1.2400 to 1.2500. While the opportunity to test the range of estimated Euro 1.1800 if support at 1.2140 in the range of translucent.