Technical & Fundamental Analysis: 01.06.2011

Dear Trader,
After a short break of the holiday, the market resumed yesterday its movement and we could see redemption with certain major news.
The euro rose to a three-week high against the dollar on Tuesday after a report saying Germany could make concessions on efforts to put together a bailout for Greece, helping to ease fears over a Greek default debt restructuring. Also, falling unemployment in Germany underlined the strength of the Euro-zone’s largest economy. Upbeat news helped bolster investor sentiments worldwide and alleviated some nervousness in the global markets:
In short, European stocks rose, oil up over $116 a barrel and the dollar weakened, all on improved prospects for a bailout for heavily indebted Greece.

MBCFX Forex & CFDs Brokerage Firm