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Risk Trades Rally Strongly Despite Weak UK and US Data
March 10, 2010 5:33 PM CET
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G10 Advancers and Decliners vs USD |
| | NZD | 0.84 |  | | | NOK | 0.71 | | | | CHF | 0.58 | | | | DKK | 0.49 | | | | EUR | 0.47 | | | | AUD | 0.42 | | | | SEK | 0.34 | | | | CAD | 0.16 | |  | GBP | -0.17 | | | JPY | -0.80 | |
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Global Indexes |
Current Level |
% Change |
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| FTSE 100 Index | 5'643.47 | + 0.73 | | DAX Index | 5'946.17 | + 1.02 | | SMI Index | 6'886.32 | + 0.26 | | S&P 500 Index | 1'147.65 | + 0.63 | | DJIA Index | 10'591.06 | + 0.25 | | Nikkei 225 Futures | 10'530.00 | + 0.10 | | Hang Seng Futures | 21'139.00 | - 0.28 |
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World Markets |
Current Level |
% Change |
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| Gold | 1'124.55 | + 0.24 | | Silver | 17.56 | + 1.78 | | VIX | 17.50 | - 2.34 | | Crude wti | 82.88 | + 1.71 | | USD Index | 80.38 | - 0.26 |
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Todays Calender |
Estimates |
Previous |
Country / GMT |
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| RBNZ official cash rate (%) | 2.50 | 2.50 | NZD/20:00 | | Thu 11 Mar | --- | --- | --- | | Unemployment rate (%) Feb | 5.3 | 5.3 | AUD/00:30 | | CPI, % m/m (y/y) Feb | 0.5 (1.1) | -0.6 (0.6) | SEK/09:30 | | SNB interest rate announcement, % Q1 | 0.25 | 0.25 | CHF/13:00 | | Initial jobless claims, thous 6-Mar | 460 | 469 | USD/13:30 | | Continuing claims, thous 27-Feb | 4500 | 4500 | USD/13:30 |
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Currency Tech |
EURUSD
R 2: 1.3800
R 1: 1.3735
CURRENT: 1.3665
S 1: 1.3444
S 2: 1.3425
USDJPY
R 2: 92.15
R 1: 91.90
CURRENT: 90.70
S 1: 89.50
S 2: 88.15
GBPUSD
R 2: 1.5350
R 1: 1.5278
CURRENT: 1.4975
S 1: 1.4857
S 2: 1.4780
AUDUSD
R 2: 0.9325
R 1: 0.9280
CURRENT: 0.9180
S 1: 0.8935
S 2: 0.8790
USDCAD
R 2: 1.0530
R 1: 1.0490
CURRENT: 1.0225
S 1: 1.0200
S 2: 1.0100
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Market Brief |
• UK industrial production (Jan) posted a dreadful -0.4% m/m (+0.3% expected, 0.5% prior)
• Germany CPI (Feb) was revised up to 0.4% m/m, +0.6% y/y (0.2/0.3 expected)
• UK Prime Minister Gordon Brown says currency imbalances holding back global growth.
• German Economy Minister reported to have said European Monetary Fund should only be for Eurozone states.
• Swiss officials decline to comment following latest EURCHF spike
• Reuters reports the BoJ leaning towards easing monetary policy next week
• Norwegian core inflation (Feb) was in line with expectations at +1.9% on year
• US Wholesale Inventories (Jan) much weaker than expected -0.2% m/m (+0.2% m/m expected) and prior reading revised down to -1.0% from -0.8%.
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China Import / Export Data Improves
March 10, 2010 11:05 AM CET
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G10 Advancers and Decliners vs USD |
| | NZD | 0.48 | | | | AUD | 0.22 | | | | SEK | 0.04 | | | NOK | -0.06 | | | CHF | -0.07 | | | EUR | -0.12 | | | DKK | -0.16 | | | CAD | -0.26 | | | GBP | -0.35 | | | JPY | -0.39 | |
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Global Indexes |
Current Level |
% Change |
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| Nikkei 225 Index | 10,563.92 | - 0.03 | | Hang Seng Index | 21,208.29 | + 0.01 | | Shanghai Index | 3,048.93 | - 0.65 | | FTSE 100 Index | 5,599.73 | - 0.04 | | DAX Index | 5,886.76 | + 0.01 | | SMI Index | 6,860.48 | - 0.11 | | S&P future | 1,141.50 | + 0.08 |
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World Markets |
Current Level |
% Change |
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| Gold | 1,126.68 | + 0.43 | | Silver | 17.44 | + 1.08 | | VIX | 17.92 | + 0.73 | | Crude wti | 81.57 | + 0.09 | | USD Index | 80.75 | + 0.19 |
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Todays Calender |
Estimates |
Previous |
Country / GMT |
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| CPI, % m/m (y/y) | 0.8 (2.5) | 0.2 (2.5) | NOK / 09.00 | | Industrial production, % m/m (y/y) | 0.2 (-0.5) | 0.5 (-3.6) | GBP / 09.30 | | Manufacturing output, % m/m (y/y) | 0.2 (1.4) | 0.9 (-1.9) | GBP / 09.30 | | Wholesale inventories, %m/m (y/y) | 0.2 | -0.8 | USD / 15.00 | | Treasury budget, $bn | -201.7 | -193.9 ('0 | USD / 19.00 | | Revised real GDP, % q/q saar | 4.0 | 0.0 | JPY / 23.50 | | RBNZ official cash rate (%) | 2.5 | 2.5 | NZD / 20.00 |
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Currency Tech |
EURUSD
R 2: 1.3800
R 1: 1.3735
CURRENT: 1.3585
S 1: 1.3444
S 2: 1.3425
USDJPY
R 2: 91.90
R 1: 90.70
CURRENT: 90.27
S 1: 89.50
S 2: 88.15
GBPUSD
R 2: 1.5350
R 1: 1.5278
CURRENT: 1.4961
S 1: 1.4900
S 2: 1.4857
AUDUSD
R 2: 0.9280
R 1: 0.9170
CURRENT: 0.9167
S 1: 0.8935
S 2: 0.8790
USDCAD
R 2: 1.0530
R 1: 1.0490
CURRENT: 1.0266
S 1: 1.0200
S 2: 1.0100
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Market Brief |
• Australia Westpac Consumer Confidence printed at 0.2% vs. -2.6% exp
• Australia Jan owner-occupied housing finance -7.9% m/m vs.-2.0% exp investment finance +0.9%
• In Australia RBA AsstGov Lowe sounded very optimistic stating that growth was at or above average for the next couple of yrs, while labor market are strong and inflation consistent with medium-term target, challenge to expand supply to satisfy demand without inflation.
• Japans Machine Orders came in lower then expected at m/m -3.7% vs. -3.5% exp , prior reading 20.1%
• New Zealand Q4 terms of trade index 5.7% q/q, 2.5% exp, largest gain since Q1 1976, export volumes -1.2%, export price index -0.3%, import price index -5.8%.
• In Japan, PM Hatoyama states he hopes for appropriate, flexible monetary policy from BoJ, and government will work closely with the central bank to beat deflation
• China Trade Balance rose to $7.61bn vs. 7.15bn exp, $14.14bn prior, Exports rose 45.7% while import increased 44.7%
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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.
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