Daily Forex Snapshots

Asian Session - Holiday Mode

March 21, 2008 9:51 AM CET

G10 Advancers and Decliners vs USD

	NZD	0.53
	AUD	0.29
	NOK	0.11
	SEK	0.05
	GBP	0.02
	DKK	-0.04
	EUR	-0.05
	CAD	-0.05
	CHF	-0.06
	JPY	-0.58

Global Indexes

Current Level

% Change

Nikkei 225 Index	12,482.57	+ 1.81
Shanghai Index	3,796.58	- 0.19
KOSPI Index	1,645.69	+ 1.37

World Markets

Current Level

% Change

Gold	920.31	+ 1.11
Silver	17.13	+ 2.03
VIX	26.62	- 10.79
Crude wti	101.84	- 0.68
USD Index	72.71	- 0.05

Todays Calender

Estimates

Country / GMT

US & Europe Markets Closed

Currency Tech

USDJPY
R 3: 105.00 S
R 2: 101.22 M
R 1: 100.00 P
CURRENT 99.65
S 1: 95.74 M
S 2: 95.00 T
S 3: 79.70 K

GBPUSD
R 3: 2.0577 T
R 2: 2.0447 S
R 1: 2.0100 P
CURRENT 1.9852
S 1: 1.9736 M
S 2: 1.9337 S
S 3: 1.9105 K

EURUSD
R 3: 1.6000 K
R 2: 1.5904 S
R 1: 1.5832 M
CURRENT 1.5462
S 1: 1.5528 S
S 2: 1.5000 K
S 3: 1.4500 P

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

Market Brief

The greenback was slightly weaker in Asian session. It looks like the Usd will close this week up for the first time in a month thanks to the Fed aggressive action. London and US markets are closed today for good Friday and this fact should keep trading subdued. The sudden shift in the Usd could be reflective of the change market sentiment toward Feds unorthodox approach to monetary policy and inevitable ECB easing. While being lengthened by the commodity markets sell off. But we don’t believe traders should get so bullish on the greenback just yet. The US economy still has plenty of downside risk and we expect the Fed to move closer to 1.00% by mid year. Until this plays out we still see Usd weakness and EurUsd heading higher near term.

ACM Advanced Currency Markets SA (hereinafter referred as ACM) is a professional financial intermediary, directly regulated by the Swiss Federal Department of Finance, Anti Money Laundering Control Authority. As forex specialist, ACM provides only currency trading via highly professional forex trading software. All customers are aware that this information or any part thereof has been prepared without taking account of your objectives, financial situation and/or needs. This information is not intended as personalized investment advice and does not constitute a recommendation. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. The analysis is based on the information which ACM finds reliable and accurate, but ACM does not assume any responsibility for any material nor for the transactions made on the basis of the information or the estimates of the analysis. ACM cannot guarantee that these forecasts will materialize and cannot be held liable in any way for direct, indirect and/or consequential loss arising from any use of this information, document or its content. All opinions and estimates constitute ACM analysis as of the data and are subject to change without notice. ACM does not warrant the accuracy or completeness of information contained herein, such information is subject to change and is not intended to influence your investment decisions. Past performance is not a reliable indicator of future performance.