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Dollar Softens After Another Week Of Higher Jobless Claims
March 11, 2010 5:24 PM CET
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G10 Advancers and Decliners vs USD |
| | GBP | 0.45 |  | | | SEK | 0.16 | | | | DKK | 0.11 | | | | EUR | 0.10 | | | | JPY | 0.09 | | | | CHF | 0.05 | | | | NOK | 0.00 | |  | AUD | -0.13 | | | CAD | -0.39 | | | NZD | -1.10 | |
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Global Indexes |
Current Level |
% Change |
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| FTSE 100 Index | 5'611.52 | - 0.52 | | DAX Index | 5'936.74 | 0.00 | | SMI Index | 6'848.26 | - 0.37 | | S&P 500 Index | 1'144.18 | - 0.12 | | DJIA Index | 10'557.51 | - 0.09 | | Nikkei 225 Futures | 10'620.00 | + 0.95 | | Hang Seng Futures | 21'090.00 | - 0.23 |
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World Markets |
Current Level |
% Change |
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| Gold | 1'103.20 | - 0.47 | | Silver | 17.03 | + 0.04 | | VIX | 18.87 | + 1.62 | | Crude wti | 82.12 | + 0.04 | | USD Index | 80.31 | - 0.16 |
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Todays Calender |
Estimates |
Previous |
Country / GMT |
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| Retail sales, % m/m Jan | 0.5 | 0.0 | NZD/21:45 | | Fri 12 Mar | --- | --- | --- | | Industrial production, % m/m (y/y) Jan | 0.7 (-1.6) | -1.7 (-5.0 | EUR/10:00 | | Unemployment rate, % Feb | 8.3 | 8.3 | CAD/12:00 | | Retail sales, %m/m Feb | -0.2 | 0.5 | USD/13:30 | | U. Mich. Consumer sentiment, index Mar P | 74.0 | 73.6 | USD/14:55 | | Business inventories, %m/m Jan | 0.1 | -0.2 | USD/15:00 |
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Currency Tech |
EURUSD
R 2: 1.3800
R 1: 1.3735
CURRENT: 1.3670
S 1: 1.3530
S 2: 1.3425
USDJPY
R 2: 92.15
R 1: 91.90
CURRENT: 90.50
S 1: 89.50
S 2: 88.15
GBPUSD
R 2: 1.5350
R 1: 1.5278
CURRENT: 1.5050
S 1: 1.4857
S 2: 1.4780
AUDUSD
R 2: 0.9325
R 1: 0.9280
CURRENT: 0.9150
S 1: 0.8935
S 2: 0.8790
USDCAD
R 2: 1.0530
R 1: 1.0490
CURRENT: 1.0285
S 1: 1.0200
S 2: 1.0100
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Market Brief |
• Swedish CPI (Feb) came out marginally higher than expectations at 0.6% m/m, 2.7% y/y (0.5%/2.6% expected, -0.6%/0.6% prior)
• SNB kept interest rates unchanged at 0.25%, but reiterated their commitment to preventing ‘excessive’ CHF strength against EUR and said the possibility of deflation could not be ruled out.
• Norges bank says more rapid rise in prices anticipated (Bloomberg)
• US Initial Claims were approximately in line with expectations at 462k (460k expected) prior reading revised to 468k from 469k
• US Continuing Claims higher than forecasts at 4558k (4500k expected) and prior reading revised up to 4521k from 4500k
• US International Trade (Jan) came out at USD -37.29bn (-41.00bn expected, -39.9bn prior)
• Canada Capacity Utilization (Q4) higher than expected at 70.9% (69.9% expected), prior reading also revised up to 68.7% from 67.5%
• Canada New Housing Index (Jan) in line at 0.4% (0.4% expected, 0.4% prior)
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Dovish RBNZ Sends NZD Plummeting
March 11, 2010 8:39 AM CET
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G10 Advancers and Decliners vs USD |
| | JPY | 0.18 | | | AUD | -0.02 | | | GBP | -0.03 | | | CAD | -0.05 | | | CHF | -0.11 | | | DKK | -0.16 | | | EUR | -0.18 | | | NOK | -0.23 | | | SEK | -0.26 | | | NZD | -1.01 | |
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Global Indexes |
Current Level |
% Change |
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| Nikkei 225 Index | 10'664.95 | + 0.96 | | Hang Seng Index | 21'230.45 | + 0.10 | | Shanghai Index | 3'051.28 | + 0.08 | | FTSE 100 Index | 5'640.57 | + 0.68 | | DAX Index | 5'936.72 | + 0.86 | | SMI Index | 6'873.59 | + 0.08 | | S&P future | 1'141.10 | + 0.47 |
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World Markets |
Current Level |
% Change |
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| Gold | 1'106.60 | - 0.16 | | Silver | 16.91 | - 0.70 | | VIX | 18.57 | + 3.63 | | Crude wti | 81.64 | - 0.55 | | USD Index | 80.49 | + 0.05 |
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Todays Calender |
Estimates |
Previous |
Country / GMT |
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| 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: 1.3625
S 1: 1.3444
S 2: 1.3425
USDJPY
R 2: 92.15
R 1: 91.90
CURRENT: 90.35
S 1: 89.50
S 2: 88.15
GBPUSD
R 2: 1.5350
R 1: 1.5278
CURRENT: 1.4955
S 1: 1.4857
S 2: 1.4780
AUDUSD
R 2: 0.9325
R 1: 0.9280
CURRENT: 0.9145
S 1: 0.8935
S 2: 0.8790
USDCAD
R 2: 1.0530
R 1: 1.0490
CURRENT: 1.0265
S 1: 1.0200
S 2: 1.0100
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Market Brief |
• Japan’s Tsumura sees signs of self-sustained recovery in domestic demand.
• Japan’s Hirano was more pessimistic; saying economy still in severe state despite positive growth
• Japan Q4 GDP was revised to +0.9% q/q, +3.8% annualized (1.0%/4.0% expected, 1.1%/4.6% prior)
• Reports that the China Statistics Bureau sees mild inflation in the coming year, but no signs of overheating.
• China CPI (Feb) +2.7% y/y, PPI +5.4%, +2.3% and +5.2% eyed, +1.2% and +0.4% m/m.
• China industrial production (Feb) +20.7% y/y, retail sales +17.9%, +19.5% /+18.0% eyed.
• Australia employment (Feb) +0.4k, unemployment 5.3% (+15k, 5.3% expected)
• RBNZ holds rates at 2.50% as expected, but more dovish tone to statement; reiterated hikes not due until mid 2010
• RBNZ Governor Bollard was quoted as saying future normal level of OCR not conducive to carry trade, can afford to wait and watch before hiking rates, wants to see signs of robust recovery, may not need to up rates as high as previous cycle
• NZ PMI (Feb) ticked up to 53.3
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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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