American focus: Technical factors helped USD to recover. [М][E]

USD has essentially grown up on NY session. Technical factors had the biggest influence on dollar then economic reports. Stops triggered and up-trend supported. Meanwhile, Euro initially recovered after ECB official Erkki Liikanen announced in Suomen Kuvalehti determined price pressure in region as "growing". His comments supported opinion that Central Bank will increase rate three times before the end of this year from current 2.5%. Besides, FED on May meeting lifted the key rate the 16th times to 5% (Federal Funds 25 years диаграмма Federal Funds 50 years диаграмма). Core price deflator could not support USD and showed 2.1% y/y in April, exceeded expectations in 2.0%. Separate report showed personal income increase 0.5%, personal spending +0.1%. Michigan university report (Michigan sent. Index диаграмма) showed, consumer confidence index was revised to 79.1 against preliminary figure 79.0.
This week can be the second one that USD will finish with growth against JPY. JPY weakened after officials showed doubts relating to end of deflation period even despite CPI rise the 6 month in a row. From the beginning of the year JPY rose 5% on speculations BoJ will rise the rate from current 0.1% the first time since 2001. Fccording to analysts expectations the first move will be made as early as in July.
Wall Street continue to trade in greenon the background of mixed fundamental numbers. As to corporate news: on Thursday, Internet - searcher Google and №1 computers making Dell announced about installation Google software on Dell's systems. Stealmaker Arcelor informed about intention to merger with Rissan Severstal. Arcelor tries to avoid offer bid from Mittal Steel. As a result of merger with Severstal the greatest steel company in the world will be created with annual turnover 46 billions Euro and annual productivity of 70 mln t. Stocks GM rose 2% after upgrading the second time this week. Stocks of Merrill Lynch and Goldman Sachs also rose after ratings of banks were upgraded. Las Vegas Sands surged 9% after decision to build casino in Singapore.