Forex Daily Forecast 01 June 2015

Market Research

Forex Daily Forecast 01 June 2015

EURUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 1.0952
Expected Target 1.0916

Alternate Scenario:
Buy Above 1.0966
Expected Target 1.1002

Events:
French 12-Month BTF Auction released on 13:00 GMT by European Union
FOMC Member Rosengren Speaks on 13:05 GMT by US

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GBPUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 1.5287
Expected Target 1.5315

Alternate Scenario:
Sell Below 1.5276
Expected Target 1.5248

Events:
Manufacturing PMI (May) release on 08:30 GMT by UK
FOMC Member Stanley Fischer Speaks on 13:30 GMT by US

AUDUSD INTRADAY : Probable Upside

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Preferred Trade:
Buy Above 0.7649
Expected Target 0.7671

Alternate Scenario:
Sell Below 0.7641
Expected Target 0.7619

Events:
Commodity Prices (YoY) release on 06:30 GMT by Australia
ISM Manufacturing Employment (May) release on 14:00 GMT by US

USDJPY INTRADAY : Probable Upside

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Preferred Trade:
Buy Above 124.188
Expected Target 124.437

Alternate Scenario:
Sell Below 124.092
Expected Target 123.843

Events:
ISM Manufacturing PMI (May) release on 14:00 GMT by US
Monetary Base (YoY) release on 23:50 GMT by Japan

XAUUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 1194.07
Expected Target 1198.94

Alternate Scenario:
Sell Below 1192.22
Expected Target 1187.35

Events:
ISM Manufacturing PMI (May) release on 14:00 GMT by US

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XTIUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 60.04
Expected Target 59.75

Alternate Scenario:
Buy Above 60.16
Expected Target 58.57

Events:
FOMC Member Stanley Fischer Speaks on 13:30 GMT by US

Disclaimer:
The Chart and Analysis presented above is only for information purpose and not to be considered as Forex Trading Instruction. BlueMax doesnt bear any
responsibility for any trading losses that might incur as a result of using this analysis/report.

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Forex market is a place to earn good profits and at the same time the trading includes high level of risks too. Only the investors who can afford the losses are
advised to invest in the Forex trading. The Trader should be capable of withstanding the high degree of leverage which may hit the account heavily. Forex
market is a highly volatile market where assurance is impossible. The traders who invest should completely analyze the nook and corner of the market before
investing as no one can take the responsibility for the losses they face. The brokers can only guide the traders. The brokers cannot take the responsibility for
the losses. All withdrawals and deposits will be processed as per brokers payment methods and terms. It is investors responsibility to move in a legal way,
by submitting their proofs and investments.

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