Daily Forex Snapshots

European Session - Usd Rebound

April 18, 2008 3:03 PM CEST

G10 Advancers and Decliners vs USD

	GBP	0.27
	NZD	0.11
	CAD	0.07
	AUD	-0.23
	SEK	-0.64
	DKK	-0.86
	EUR	-0.85
	NOK	-1.27
	JPY	-1.49
	CHF	-1.86

Global Indexes

Current Level

% Change

Nikkei 225 Index	13,476.45	+ 0.58
FTSE 100 Index	6,043.80	+ 1.06
CAC 40 Index	4,938.47	+ 1.57
DAX Index	6,807.78	+ 1.88
SMI Index	7,371.96	+ 2.74
DJIA futures	12,773.00	+ 0.90
S&P future	1,386.50	+ 1.04

World Markets

Current Level

% Change

Gold	923.08	- 1.67
Silver	17.83	- 2.24
VIX	20.37	- 0.77
Crude wti	112.93	- 1.68
USD Index	71.95	+ 0.37

Todays Calender

Estimates

Country / GMT

Leading Indicators (Mar) m/m	0.0%	-0.3%	CA / 13.30
Wholesale Sales (Feb) m/m	0.4%	2.6%	CA / 13.30

Currency Tech

USDCHF
R 3: 1.0500
R 2: 1.0200
R 1: 1.0071
CURRENT 1.0229
S 1: 1.0000
S 2: 0.9639
S 3: 0.9500

USDJPY
R 3: 111.92
R 2: 110.10
R 1: 105.00
CURRENT103.94
S 1: 100.00
S 2: 95.74
S 3: 95.00

GBPUSD
R 3: 2.0577
R 2: 2.0447
R 1: 2.0100
CURRENT 1.9954
S 1: 1.9650
S 2: 1.9337
S 3: 1.9105

Market Brief

A wave of deleverging has investors heading for the exist in commodites and Usd shorts coverings. European stock markets are in the green and US is looking to open above fair value as earning reports are better than the market had expected. Crude is down -1.68% from yesterday's highs and precious metals are also underpressure. Jpy weakness has the carry trades performing well with the GbpJpy trading above its 50day moving average for the first time since Nov 2007.

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.