Asian and European trading sessions:
Euro: The Euro strengthened against almost all its competitors in anticipation of the ECB decision on interest rate in Euro region. There were positive expectations on markets, which basically provided support for the Euro currency, based on the fact that the European Central Bank would decide to stimulate the European economy due to the negative situation with the debt crisis in region. The EUR / USD pair strengthened to $ 1.2528-$1.2530 levels during both sessions.
US Dollar: Today, due to the strong positive statistics data from the U.S. and Australia as well as growing the Asian and European stocks markets the U.S. Dollar fell against most major currencies.
British Pound: The Pound continued its positive correction today against most major traded currencies.The GBP / USD pair grew up during the Asian session retreating from the deep lows of the previous week to the region of $ 1.5512.
Japanese Yen: The Yen continued to fall against the Dollar again, on the background of yesterday's statements of the Minister of Japan Mr.Jun Azumi who noted that the recent growth of Japanese Yen as well as decline of the Japan's stock market had a negative impact on the Japan economy. He also mentioned that he found support from the G- 7 committee Central banks who promised to intervene in the foreign exchange market in case if the Japanese currency will grew excessively. The USD / JPY pair raised the level of Y79, 25 which is above of yesterday's highs during both sessions.
Australian dollar: The Australian dollar rose against all its competitors on the background of positive report on GDP in country. In details, the Australian economy grew in the first quarter of 2012 faster than it was predicted by experts. The GDP of the 1-st quarter of 2012 grew to 1.3% versus forecasted values of 0.6%.Together with that, the Australia's economy grew by 4.3% compare with the first quarter of 2011 where the value was only the 2.5%. Unexpectedly high rate of growth of Australian economy reduced the fears of many investors and analytics that the slowdown of the global economy would have a negative impact on the Australian economy performances.
American trading session:
US Dollar and Japanese yen: The Dollar and the Yen weakened against most major currencies amid falling demand for safe heaven assets.
Euro: The currency continued to recover after a big drop during all month of May. The ECB left the interest rate unchanged at 1% as it was forecasted. The speech of the European Central Bank president Mr. Mario Draghi where he mentioned the "readiness to act" after leaving the rate on the lowest record low level as well as on intentions to extend the control mechanism for unlimited auctions before the end of the year as a measure of support for the European economy provided more support for the Euro trading dynamics. As the result, the EUR/USD couple jumped above $1.2580 level.
Oil: The WTI Oil's futures rose to $ 86.24 per barrel today on the NYMEX running for the third day in a row on speculations that the world's major Central Banks will introduce new stimulus for economic growth which would support the demand for fuel.
Gold: The Gold continued its uptrend on a fact of weakening of the U.S. Dollar against most currencies as well as the uncertain situation with the debt problems of the euro zone. June Gold prices touched today the level of $1640.0 which is the important 200 EMA days level.
Silver: The Silver was also in demand today and performed better than Gold. The Silver futures grew by 2.9 % to $29.89 level and broke on their way the important resistance level of $28.78 the high of the May.
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