The euro fluctuated against the dollar after touching the weakest level since July 2010 as German manufacturing data dropped and traders speculated measures may be taken to relieve the bloc’s debt crisis. A German index based on a survey of purchasing managers in the manufacturing industry declined to 45 this month from 46.2 in April, Markit Economics said today.

The Swiss franc weakened to its lowest level in two months against the euro amid speculation the central bank may take action to discourage investment in the nation through taxing deposits.

Britain’s pound weakened against the dollar after a report showed U.K. retail sales fell the most in more than two years.

Sales including auto fuel declined 2.3% in April from the previous month, a report showed today. The median forecast of economists was for a 0.7% decline.

EUR/USD $1.2525, $1.2550, $1.2600, $1.2625, $1.2700

USD/JPY Y79.40, Y79.50, Y80.00

GBP/USD $1.5750, $1.5840

EUR/GBP stg0.8050

AUD/USD $0.9750, $0.9800

Gold $1550

Data:

06:00 Switzerland Trade Balance April 1.69 1.95 1.33

06:00 Germany GDP (QoQ) (finally) Quarter I -0.2% +0.5% +0.5%

06:00 Germany GDP (wda) (YoY) (finally) Quarter I +1.5% +1.7% +1.2%

07:00 France Manufacturing PMI (preliminary) May 46.9 47.1 44.4

07:00 France Services PMI (preliminary) May 45.2 45.8 45.2

07:30 Germany Manufacturing PMI (preliminary) May 46.2 47.1 45.0

07:30 Germany Services PMI (preliminary) March 52.2 51.9 52.2

08:00 Germany IFO - Business Climate May 109.9 109.5 106.9

08:00 Germany IFO - Current Assessment May 117.5 117.1 113.3

08:00 Germany IFO - Expectations May 102.7 102.0 100.9

08:00 Eurozone Manufacturing PMI (preliminary) May 45.9 46.1 45.0

08:00 Eurozone Services PMI (preliminary) May 46.9 47.0 46.5

08:30 United Kingdom GDP, q/q (revised) Quarter I -0.3% -0.2% -0.3%

08:30 United Kingdom GDP, y/y (revised) Quarter I +0.5% 0.0% -0.1%

08:30 United Kingdom BBA Mortgage Approvals April 31.9 32.3 32.4

08:30 United Kingdom Business Investment, q/q Quarter I -3.3% +3.3% +3.6%

08:30 United Kingdom Business Investment, y/y Quarter I +1.6% +9.2% +14.2%

AUD/USD

Offers $0.9920/25, $0.9895/00, $0.9865/70, $0.9840/50, $0.9825/30, $0.9800 

Bids $0.9755/50, $0.9715/10, $0.9690/85, $0.9665/60, $0.9650

USD/JPY

Offers Y80.35/40, Y80.10/15, Y80.00, Y79.75/80, Y79.60/65

Bids Y79.25/20, Y78.80,  Y78.60/50

Resistance 3: Y80.10/15 (resistance line from Apr 2, May 22 high)
Resistance 2: Y79.70 (МА (200) for Н1)
Resistance 1: Y79.60 (session high)
Current price: Y79.39
Support 1: Y79.20 (May 23 low)
Support 2: Y79.00 (May 18 low)
Support 3: Y78.55 (МА (200) for D1)

Resistance 3: Chf0.9780 (high of 2011)

Resistance 2: Chf0.9700 (psychological level)

Resistance 1: Chf0.9600 (area of session high and high of January)

Current price: Chf0.9549

Support 1: Chf0.9530 (session low)

Support 2: Chf0.9460 (МА (100) for Н1 and May 22 low)

Support 3: Chf0.9430 (МА (200) for Н1)

Resistance 3 : $1.5860 (area МА (200) for Н1)

Resistance 2 : $1.5840 (area of May 18-22 high)

Resistance 1 : $1.5770 (МА (100) for Н1)

Current price: $1.5689

Support 1 : $1.5640 (session low)

Support 2 : $1.5600 (psychological level, low of March)

Support 3 : $1.5520 (support line from May’2010)

Resistance 3 : $1.2730 (МА (200) for Н1, May 21 low)
Resistance 2 : $1.2690 (May 22 high)
Resistance 1 : $1.2600 (session high)
Current price: $1.2576
Support 1 : $1.2510/00 (area of session low)
Support 2 : $1.2400 (psychological level)
Support 3 : $1.2300 (psychological level)

EUR/USD $1.2525, $1.2550, $1.2600, $1.2625, $1.2700

USD/JPY Y79.40, Y79.50, Y80.00

GBP/USD $1.5750, $1.5840

EUR/GBP stg0.8050

AUD/USD $0.9750, $0.9800

Gold $1550

Yesterday the euro fell to its weakest level against the dollar since July 2010 on speculation a summit of European Union leaders will provide no new measures to stem the sovereign-debt crisis. The shared currency extended losses after dropping below 100 yen for the first time since February and weakening to less than $1.26, price levels where traders who follow technical analysis said sell orders were clustered. Financial turmoil in the euro bloc will come up at tonight’s meeting in Brussels only “at the very end,” European Council President Herman Van Rompuy said in a letter before a gathering of EU officials.

The yen climbed at least 0.7 percent versus all its major peers after the Bank of Japan left its asset-purchase fund unchanged. The yen snapped a two-day drop against the dollar after slipping earlier this week on bets the central bank would decide to boost stimulus at its policy meeting. The BOJ kept its asset-purchase fund at 40 trillion yen, after expanding it by 10 trillion yen last month. The central bank also left a credit-lending program at 30 trillion yen, it said in a statement in Tokyo. The policy board kept the key overnight lending rate between zero and 0.1 percent.

Resistance 3: Y80.55 (May 16 high)

Resistance 2: Y80.15 (May 12 high)

Resistance 1: Y79.55 (session high)

The current price: Y79.47

Support 1: Y79.20 (May 23 low)

Support 2: Y79.00 (May 18-21 low)

Support 3: Y78.70 (Feb 15 high)

Resistance 3: Chf0.9640 (161.8% FIBO Chf0.9465-Chf0.9575)

Resistance 2: Chf0.9595 (Jan 9 high)

Resistance 1: Chf0.9575 (May 23 high)

The current price: Chf0.9550

Support 1: Chf0.9520/25 (high of the European session and low of the American session on May 23)

Support 2: Chf0.9465 (May 23 low)

Support 3: Chf0.9440 (May 21 high)

Resistance 3 : $1.5850 (May 22 high)

Resistance 2 : $1.5775 (May 23 high)

Resistance 1 : $1.5740 (high of the American session on May 23)

The current price: $1.5678

Support 1 : $1.5675 (session low)

Support 2 : $1.5635/45 (area of Mar 14-15 low)

Support 3 : $1.5600 (psychological level)

Resistance 3 : $1.2725 (May 21 low)

Resistance 2 : $1.2685 (May 23 high)

Resistance 1 : $1.2605/15 (low of the European session, high of the American session on May 23)

The current price: $1.2575

Support 1 : $1.2545 (May 23 low)

Support 2 : $1.2500 (psychological level)

Support 3 : $1.2455 (161.8% FIBO $1.2690-$1.2545)

(pare/closed(00:00 GMT +02:00)/change, %)

EUR/USD $1,2586 -0,74%

GBP/USD $1,5690 -0,47%

USD/CHF Chf0,9540 +0,72%

USD/JPY Y79,45 -0,65%

EUR/JPY Y100,00 -1,40%

GBP/JPY Y124,64 -1,12%

AUD/USD $0,9753 -0,41%

NZD/USD $0,7514 -0,37%

USD/CAD C$1,0244 +0,31%

02:00 New Zealand Annual Budget Release -

02:30 China HSBC Manufacturing PMI (preliminary) May 49.3

05:00 Japan BoJ monthly economic report May

06:00 Switzerland Trade Balance April 1.69 1.95

06:00 Germany GDP (QoQ) (finally) Quarter I -0.2% +0.5%

06:00 Germany GDP (wda) (YoY) (finally) Quarter I +1.5% +1.7%

07:00 France Manufacturing PMI (preliminary) May 46.9 47.1

07:00 France Services PMI (preliminary) May 45.2 45.8

07:30 Germany Manufacturing PMI (preliminary) May 46.2 47.1

07:30 Germany Services PMI (preliminary) March 52.2 51.9

08:00 Germany IFO - Business Climate May 109.9 109.5

08:00 Germany IFO - Current Assessment May 117.5 117.1

08:00 Germany IFO - Expectations May 102.7 102.0

08:00 Eurozone Manufacturing PMI (preliminary) May 45.9 46.1

08:00 Eurozone Services PMI (preliminary) May 46.9 47.0

08:30 United Kingdom GDP, q/q  I -0.3% -0.2%

08:30 United Kingdom GDP, y/y (revised) Quarter I +0.5% 0.0%

08:30 United Kingdom BBA Mortgage Approvals April 31.9 32.3

08:30 United Kingdom Business Investment, q/q Quarter I -3.3% +3.3%

08:30 United Kingdom Business Investment, y/y Quarter I +1.6% +9.2%

11:15 United Kingdom MPC Member Miles Speaks -

12:30 U.S. Initial Jobless Claims - 370 374

12:30 U.S. Durable Goods Orders April -4.2% +0.5%

12:30 U.S. Durable Goods Orders ex Transportation April -1.1% +1.2%

12:30 U.S. Durable goods orders ex defense April -0.8% -+0.5%

13:00 Belgium Business Climate May -10.7 -9.6

13:00 Eurozone ECB President Mario Draghi Speaks -

14:30 U.S. FOMC Member Dudley Speak -

19:00 U.S. Treasury Sec Geithner Speaks -

23:30 Japan National Consumer Price Index, y/y April +0.5% +0.4%

23:30 Japan National CPI Ex-Fresh Food, y/y April +0.2% +0.1%

23:30 Japan Tokyo Consumer Price Index, y/y May -0.3% -0.3%

23:30 Japan Tokyo CPI ex Fresh Food, y/y May -1.0% -1.0%