EUR/USDUSD/JPYGBP/USDUSD/CHF
1.5865105.451.99051.048
Resistance1.5825105.11.9881.039
1.5775104.41.9851.036
1.5665103.51.9761.0245
Support1.5635103.11.97151.0215
1.542102.851.96851.017

Orders for U.S. durable goods probably fell last month as companies trimmed investment plans and consumers bought fewer cars and televisions, economists said before a report today. Businesses are reacting to slower sales and record fuel prices by scaling back on hiring and spending. A slowdown in purchases of equipment, combined with a worsening housing slump and weakening consumer spending on expensive items like autos, may bring an end to the six-year economic expansion. ``There is more weakness to come,'' said Lena Komileva, chief economist at Tullett Prebon Plc in London. ``Manufacturers remain under pressure from a recession in housing, high commodity costs and soft labor markets which are spreading housing weakness to the rest of the economy.''

The yen rose for the first time in three days against the dollar as a decline in Asian stocks prompted investors to pare holdings of higher-yielding assets funded in Japan. The yen is currently trading at103.99 against the dollar as of 8:00 a.m. in London from 104.24 in New York yesterday. The yen rose to 163.45 per euro from 163.58. The dollar is currently trading at $1.5725per euro as of 8:15 am, GMT from $1.5691. The yen may advance to 102.50 a dollar this week.

Pie


Today's Economic Events

Time Event Currency Period Previous Forecast Significance
23:50Retail Sales y/yJPYApr1.10%2
12:55Redbook m/mUSDWeekly1.90%2
12:30Durable Goods Orders m/mUSDApr-0.30%2
12:30Core Durable Goods Orders m/mUSDApr1.60%-0.50%3
8:00Current AccountEURMar4.3B1
7:15Employment LevelCHF3.88M2
0:00Nationwide House Prices m/m GBGBPApr-1.10%3
0:00Ifo Business Climate IndexEUR102.43