Market Brief

  • China asks US groups to back currency stance - FT

  • US Treasury Securitary Geithner stated that China should decide that a move to more flexible exchange rate is in its own best interest.

  • The BoJ leaves target rate at 0.10% and increases QE to Y20 trln as predicted by Nikkei. The vote was 5-2, Noda and Suda dissent & keeps economic assessment as is.

  • Australia Jan Westpac/MI leading index tips 6.3% growth, coincident index up to +3.9%

  • Australia Q4 dwelling unit starts printed at 15.1% q/q vs. +6.0% exp.

  • New Zealand Q1 consumer confidence index 114.7, vs. Q4 "09 116.9.

Snap Shot

Global Indexes Current Level % Change
Nikkei 225 Index10,846.981.16
Hang Seng Index21,385.611.72
Shanghai Index3,050.481.92
FTSE futures5,625.000.69
DAX futures5,997.500.42
SMI Futures6,912.000.55
S&P future1,159.500.79

World Markets Current Level % Change
Gold1,131.850.36
Silver17.550.51
VIX17.69-1.77
Crude wti82.30.73
USD Index79.58-0.1

Todays Calender Estimates Previous Country / GMT
BoE MPC minutes, voteSep-00Sep-00GBP / 09.30
Claimant count, change k923.5GBP / 09.30
ILO unemployment rate, %7.97.8GBP / 09.30
Average weekly earnings growth,1.60.8GBP / 09.30
Core weekly earnings growth,1.21.2GBP / 09.30
Construction output, % m/m--0.3 (-4.1)EUR / 10.00
Labour costs, % y/y2.83.2EUR / 10.00
PPI, % m/m (y/y)-0.1 (4.9)1.4 (4.6)USD / 12.30
Core PPI, % m/m0.1 (0.9)0.3 (1.0)USD / 12.30


Currency Tech

EURUSD
R 2: 1.3850
R 1: 1.3839
CURRENT: 1.1.3801
S 1: 1.3730
S 2: 1.3625

USDJPY
R 2: 91.90
R 1: 91.00
CURRENT: 90.44
S 1: 89.90
S 2: 89.50

GBPUSD
R 2: 1.5320
R 1: 1.5278
CURRENT: 1.5230
S 1: 1.4980
S 2: 1.4850

AUDUSD
R 2: 0.9325
R 1: 0.9280
CURRENT: 0.9159
S 1: 0.8935
S 2: 0.8790

USDCAD
R 2: 1.0530
R 1: 1.0490
CURRENT: 1.0139
S 1: 1.0140
S 2: 1.0100
  • S: Strong, M: Minor, T: Trendline, K: Keylevel, P: Pivot