Technical & Fundamental Analysis: 02.06.2011

Dear Trader,
Yesterday, the market news were positive for the euro specifically those enhancing the economic recovery and the upbeat steps for easing debt problems, with Greece being in the spot light. This optimism strengthened the EUR at the expense of the USD during May. Additionally, the approval of Greece’s austerity plans hyphened its strength.
Elsewhere, Oil prices rose and investors are eying all dollar data and its relation to the optimism of debt restructuring solutions.
Also gold prices are still in continuous rise this week as it reached yesterday 1541.9.

MBCFX Forex & CFDs Brokerage Firm