Market Brief

  • According to media reports a Greek officals stated that Greece might seek IMF aid over Easter since they are not hopeful of aid at March 25 EU Summit. 

  • Japan MoF Nakao states that the would shoudnt expect EUR, JPY or CNY to become world"s reserve currency since they lack of depth-liquidity. 

  • RBA sold net A$424 mln in February, sold net Y295 mln in January. 

  • Australia Q1 industrial trends activity index up 6.3 pts to 56.7, composite index up 9.6 pts to 63.6, more gains eyed in Q2 

  • Australia Feb merchandise imports 2% m/m to A$17.06 bln 

  • Japan Q1 big manufactoring sentiment index at +increased 4.3 vs. 1.9 exp in Q2, Q4 while 13.2, 2.8 exp for Q12 in prev survey, 

  • Japan March Reuters Tankan index printed at -8, highest since Jun 2008, non-mfg index reached -22, highest since Nov 2008. 

  • New Zealand March consumer confidence index down 2 pts to 121.8, lowest in 3-mos. 

  • Russian Central Bank adjusts RUB vs. Basket floating band to 34.00 after buying $700mn

    Snap Shot

Global Indexes Current Level % Change
Nikkei 225 Index10,744.03-0.94
Hang Seng Index21,327.67-0.26
Shanghai Index3,046.09-0.14
FTSE futures5,640.000.26
DAX futures6,012.00-0.15
SMI Futures6,890.00-0.05
S&P future1,165.000.02

World Markets Current Level % Change
Gold1,120.830.04
Silver17.39-0.39
VIX16.91-4.4
Crude wti82.29-0.77
USD Index800.45

Todays Calender Estimates Previous Country / GMT
Industrial production (nsa), % q/q (y/y)--3.4 (-6.7)CHF / 08.15
Unemployment rate, %--9.4SEK / 08.30
Current account, € bn (sa)--1.9EUR / 09.00
PSNB, £ bn14.54.3GBP / 09.30
BoE provisional M4 deposits,--0.4 (4.9)GBP / 09.30
BoE publishes Trends in Lending report----GBP / 09.30
Trade balance, € bn (sa)57GBP / 10.00
CBI industrial trends survey,---36GBP / 11.00
Fed Governor Duke (FOMC voter) speaks----USD / 11.30
CPI, % m/m (y/y)0.1 (2.3)0.2 (2.6)USD / 12.30
Core CPI, % m/m (y/y)0.1 (1.4)-0.1 (1.6)USD / 12.30
Current account balance, $ bn-120-108USD / 12.30
Initial jobless claims, thous (4wma)--462 (475)USD / 12.30
Kansas City Fed President Hoenig (FOMC voter)----USD / 13.00
Philadelphia Fed mfg index1717.6USD / 14.00
Leading indicators index, % m/m0.1 (9.4)0.3 (8.7)USD / 14.00
BoE MPC member Andrew Sentance speaks----USD / 16.45
SNB board member Danthine speaks----CHF / 17.0


Currency Tech

EURUSD
R 2: 1.4030
R 1: 1.3850
CURRENT: 1.3660
 S 1: 1.3640
S 2: 1.3600

USDJPY
R 2: 91.80
R 1: 91.10
CURRENT: 90.12
S 1: 89.50
S 2: 88.75

GBPUSD
R 2: 1.5615
R 1: 1.5380
CURRENT: 1.5267
S 1: 1.5200
S 2: 1.5000

AUDUSD
R 2: 0.9325
R 1: 0.9280
CURRENT: 0.9204
S 1: 0.9100
S 2: 0.9060

USDCAD
R 2: 1.0320
R 1: 1.0235
CURRENT: 1.0132
S 1: 1.0100
S 2: 1.0000

  • S: Strong, M: Minor, T: Trendline, K: Keylevel, P: Pivot