EUR: The estimate for CPI is released today, together with the unemployment rate. CPI is seen moving higher to 1.4% (from 1.2%), with unemployment also higher to 12.2%. Both present low risks for the single currency. EUR-USD technical update USD: The income and spending data are likely to be of modest interest for markets. The bigger risk is month end flows and positioning after what has been a pretty volatile month for FX. Idea of the Day It’s likely to be a busy one for FX markets. FX volatility has increased through May (as measured by Deutsche’s CVIX index), with this most notable on the Aussie dollar, which so far has had its worth monthly performance (vs. the USD) since May of last year. Being the last trading day of the week and month, the potential for volatility is greater today, as larger players adjust hedges and rebalance portfolios on the basis of the FX moves seen so far. Technically, the euro looks firm into month end and has been the best performing currency on the major’s, standing up well to the firmer US dollar tone. Latest FX News JPY: Latest inflation data showing inflation at -0.7% YoY, with the core rate (excluding fresh food) at -0.4%. Both in line with expectations. More encouraging was industrial production data, rising a stronger than expected 1.7% in May, with housing starts also stronger than expected at 5.8%. The yen held pretty steady during the Asia session, USDJPY tight to the 101.00 area. AUD: Limping into month end after what has been a pretty monumental month for the currency that has defied the doubters month after month. A combination of factors have been behind the fall, but we are vulnerable to further volatility into month end. EUR: The euro has held up well for the month of, only modestly softer vs. the dollar overall which puts it at the head of the non-dollar majors for the month. The move above 1.30 on EURUSD has been sustained during a steady overnight session. German retail sales data were weaker than expected on the monthly measure, falling 0.4% MoM after 0.1% decline yesterday. Further reading: Elevated US Yields Provide Support for the Greenback FxPro - Forex Broker FxPro - Forex Broker Forex Broker FxPro is an international Forex Broker. FxPro is an award-winning online broker, offering CFDs on forex, futures, indices, shares, spot metals and energies, serving clients in more than 150 countries worldwide. FxPro offers execution with no-dealing-desk intervention and maintains a client-centric business model that puts customer needs at the forefront of our operations. Our acquisition of leading spot FX aggregator, Quotix, enables us to offer access to a deep pool of liquidity, as well as top-class order-matching and some of the most competitive spreads in the market. FxPro is one of only few brokers offering Negative Balance Protection, ensuring that clients cannot lose more than their overall investment. FxPro UK Limited is authorised and regulated by the Financial Conduct Authority (registration number: 509956). FxPro Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (licence number: 078/07) and by the South Africa Financial Services Board (authorisation number 45052). Risk Warning: Trading CFDs involves significant risk of loss. View All Post By FxPro - Forex Broker Forex News Today: Daily Trading News share Read Next EUR/USD Technical Update May 31 2013 Guest 9 years EUR: The estimate for CPI is released today, together with the unemployment rate. CPI is seen moving higher to 1.4% (from 1.2%), with unemployment also higher to 12.2%. Both present low risks for the single currency. EUR-USD technical update USD: The income and spending data are likely to be of modest interest for markets. The bigger risk is month end flows and positioning after what has been a pretty volatile month for FX. Idea of the Day It's likely to be a busy one for FX markets. FX volatility has increased through May (as measured by Deutsche's CVIX… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.