AUDUSD: Australian job vacancies fell 5.3% in seasonally adjusted terms during the three-month period ended May 31 from the previous three-month period, the Australian Bureau of Statistics reported Thursday.

Seasonally Adjusted Job Vacancies

Total Vacancies Private Sector Public Sector

Period % On Quarter % On Quarter % On Quarter

Feb-May -5.3% -5.2% -5.6%

Nov-Feb +0.7% +1.0% -2.8%

Feb-May -4.4% -5.1% +1.9%

We expect a range for today in AUDUSD rate of 1.0180 to 1.0280 (Last week, we bought long at 1.0015 and sold at 1.0140, gain 115 pips)

We are now SELLING AUDUSD at current market price 1.0246 ranges
Stop loss at 1.0280
Target at 1.0180 and 1.0130

EURUSD: Germany’s upper house of parliament Friday ratified Europe’s permanent bailout fund and the fiscal pact for budget discipline, giving the country’s final seal of approval of Europe’s main crisis-fighting tools. The legislation for the European Stability Mechanism and the fiscal pact impact state budgets and thus required a two-thirds majority in both the lower house and upper houses of parliament.

“The G-20 welcomes and fully supports the set of measures which have been agreed,” the finance ministers said in the statement. “We look forward to the expedited implementation of the agreed measures, including the final details on these, as well as on the additional work to further strengthen the Economic and Monetary Union, among which is the development of a specific and time-bound road map.”

We expect a range for today in EURUSD rate of 1.2570 to 1.2690

We are now SELLING EURUSD at current market price 1.2650
Stop loss at 1.2710
Target at 1.2570 and 1.2520

USDJPY: The US economic releases have remained generally weaker with some notably sharp declines in regional PMI indices which will reinforce concerns surrounding the outlook. Although the Federal Reserve resisted a further round of quantitative easing, there was an extension of operation twist to keep longer-term interest rates down and there was also the potential for further action if the economy deteriorates further. These factors will tend to undermine the dollar, but global factors will continue to provide underlying support, especially with expectations that global central banks are building dollar reserves. These factors should continue to provide underlying US currency support.

We expect a range for today in USDJPY rate of 79.50 to 80.10 (Cancel last week order)

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