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USD Surges On Rumours Of Discount Rate Hike
March 18, 2010 5:16 PM CET
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G10 Advancers and Decliners vs USD |
 | JPY | -0.33 | | | AUD | -0.54 | | | NZD | -0.57 | | | CAD | -0.67 | | | GBP | -0.76 | | | CHF | -1.15 | | | EUR | -1.29 | | | DKK | -1.30 | | | SEK | -1.31 | | | NOK | -1.45 | |
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Global Indexes |
Current Level |
% Change |
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| FTSE 100 Index | 5'635.48 | - 0.16 | | DAX Index | 6'004.18 | - 0.33 | | SMI Index | 6'879.66 | - 0.18 | | S&P 500 Index | 1'162.50 | - 0.32 | | DJIA Index | 10'735.64 | + 0.02 | | Nikkei 225 Futures | 10'690.00 | - 0.83 | | Hang Seng Futures | 21'253.00 | - 0.45 |
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World Markets |
Current Level |
% Change |
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| Gold | 1'123.85 | + 0.31 | | Silver | 17.42 | - 0.23 | | VIX | 16.51 | - 2.37 | | Crude wti | 81.97 | - 1.16 | | USD Index | 80.35 | + 0.90 |
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Todays Calender |
Estimates |
Previous |
Country / GMT |
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| Fri 19 Mar | --- | --- | --- | | Germany: PPI, % m/m (y/y) Feb | 0.1 (-2.8) | 0.8 (-3.4) | EUR/07:00 |
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Currency Tech |
EURUSD
R 2: 1.4030
R 1: 1.3850
CURRENT: 1.3610
S 1: 1.3530
S 2: 1.3425
USDJPY
R 2: 91.80
R 1: 91.10
CURRENT: 90.40
S 1: 89.50
S 2: 88.75
GBPUSD
R 2: 1.5615
R 1: 1.5380
CURRENT: 1.5245
S 1: 1.5200
S 2: 1.5000
AUDUSD
R 2: 0.9325
R 1: 0.9280
CURRENT: 0.9200
S 1: 0.9100
S 2: 0.9060
USDCAD
R 2: 1.0320
R 1: 1.0235
CURRENT: 1.0135
S 1: 1.0070
S 2: 1.0000
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Market Brief |
• Rumours of another hike to the US discount rate to be announced at 12:30 EST sent the USD surging; DXY up nearly 1% on day.
• UK PSNCR (Feb) grew to 7.7bln from 4.681bln in Feb 09 (11.0bln expected)
• UK PSNB (Feb) came out at 12.4bln (8.766bln Feb 09. Feb record. 14.75bln Exp
• Sweden’s Unemployment Rate unexpectedly ticked lower to 8.3% (8.4% expected, 8.4% prior)
• Switzerland Industrial Production (Q4) grew 6.4% q/q (5.0%) and the prior reading was revised higher to 3.5% from 3.4%.
• Switzerland ZEW Investor Sentiment (Mar) came out at 53.8 (52.5 prior)
• Greek Prime Minister quoted as saying he prefers European solution for Greek problems instead of IMF
• IFO’s Sinn said Greece should leave the Eurozone to solve crisis
• US CPI was marginally lower than expectations at 0.0% m/m (0.1% expected, 0.2% prior)
• US claims data higher than forecasts; initial claims 457k (455k expected,462k), continuing claims 4579k (4522k expected, prior revised higher to 4567k from 4558k)
• US Leading Indicators (Feb) were in line with expectations at 0.1% (0.3% prior)
• US Philadelphia Fed Survey (Mar) ticked up to 18.9 (18.0 expected, 17.6 prior)
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Greece Says it Might Have to Go to the IMF
March 18, 2010 9:01 AM CET
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G10 Advancers and Decliners vs USD |
| JPY | -0.05 | | | AUD | -0.40 | | | GBP | -0.43 | | | CAD | -0.52 | | | CHF | -0.54 | | | NZD | -0.68 | | | NOK | -0.76 | | | DKK | -0.79 | | | EUR | -0.79 | | | SEK | -0.82 | |
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Global Indexes |
Current Level |
% Change |
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| Nikkei 225 Index | 10,744.03 | - 0.94 | | Hang Seng Index | 21,327.67 | - 0.26 | | Shanghai Index | 3,046.09 | - 0.14 | | FTSE futures | 5,640.00 | + 0.26 | | DAX futures | 6,012.00 | - 0.15 | | SMI Futures | 6,890.00 | - 0.05 | | S&P future | 1,165.00 | + 0.02 |
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World Markets |
Current Level |
% Change |
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| Gold | 1,120.83 | + 0.04 | | Silver | 17.39 | - 0.39 | | VIX | 16.91 | - 4.40 | | Crude wti | 82.29 | - 0.77 | | USD Index | 80.00 | + 0.45 |
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Todays Calender |
Estimates |
Previous |
Country / GMT |
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| Industrial production (nsa), % q/q (y/y) | -- | 3.4 (-6.7) | CHF / 08.15 | | Unemployment rate, % | -- | 9.4 | SEK / 08.30 | | Current account, € bn (sa) | -- | 1.9 | EUR / 09.00 | | PSNB, £ bn | 14.5 | 4.3 | GBP / 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) | 5.0 | 7.0 | GBP / 10.00 | | CBI industrial trends survey, | -- | -36 | GBP / 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 | -108.0 | USD / 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 index | 17.0 | 17.6 | USD / 14.00 | | Leading indicators index, % m/m | 0.1 (9.4) | 0.3 (8.7) | USD / 14.00 | | BoE MPC member Andrew Sentance speaks | -- | -- | USD / 16.45 | | SNB board member Danthine speaks | -- | -- | CHF / 17.00 |
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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
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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
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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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