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US Session
March 02, 2010 5:22 PM CET
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G10 Advancers and Decliners vs USD |
| | CAD | 0.90 |  | | | JPY | 0.21 | | | | AUD | 0.18 | | | | DKK | 0.11 | | | | CHF | 0.09 | | | | EUR | 0.07 | |  | SEK | -0.16 | | | NOK | -0.24 | | | GBP | -0.63 | | | NZD | -0.69 | |
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Global Indexes |
Current Level |
% Change |
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| FTSE 100 Index | 5'466.00 | + 1.11 | | DAX Index | 5'768.14 | + 0.96 | | SMI Index | 6'823.12 | + 0.47 | | S&P 500 Index | 1'121.10 | + 0.48 | | DJIA Index | 10'436.13 | + 0.31 | | Nikkei 225 Futures | 10'170.00 | + 0.59 | | Hang Seng Futures | 20'901.00 | - 0.27 |
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World Markets |
Current Level |
% Change |
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| Gold | 1'131.15 | + 1.09 | | Silver | 16.79 | + 2.05 | | VIX | 18.99 | - 1.40 | | Crude wti | 79.98 | + 1.63 | | USD Index | 80.71 | + 0.07 |
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Todays Calender |
Estimates |
Previous |
Country / GMT |
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| Wed 3 Mar | --- | --- | --- | | Real GDP % q/q Q4 | 0.9 | 0.2 | AUD/00:30 | | Germany: Retail sales, % m/m (Jan) | -0.6 | 0.8 | EUR/07:00 | | Germany: Final Services PMI, index (Feb) | 51.7 | 51.7 | EUR/08:55 | | Final Services PMI, index Feb | 52.0 | 52.0 | EUR/09:00 | | Final Composite PMI, index Feb | 53.7 | 53.7 | EUR/09:00 | | PMI services, index Feb | 55.0 | 54.5 | GBP/09:30 | | Retail sales, % m/m Jan | -0.3 | 0.0 | EUR/10:00 | | Change in ADP private payrolls, thous Feb | -20 | -22 | USD/13:15 | | ISM non-mfg index Feb | 51.0 | 50.5 | USD/15:00 |
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Currency Tech |
EURUSD
R 2: 1.3800
R 1: 1.3695
CURRENT: 1.3540
S 1: 1.3444
S 2: 1.3425
USDJPY
R 2: 90.22
R 1: 89.50
CURRENT: 89.00
S 1: 88.55
S 2: 87.50
GBPUSD
R 2: 1.5580
R 1: 1.5325
CURRENT: 1.4915
S 1: 1.4780
S 2: 1.4700
AUDUSD
R 2: 0.9090
R 1: 0.9050
CURRENT: 0.9025
S 1: 0.8935
S 2: 0.8790
USDCAD
R 2: 1.0685
R 1: 1.0625
CURRENT: 1.0335
S 1: 1.0309
S 2: 1.0200
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Market Brief |
• Eurozone flash CPI (Feb) dipped to 0.9% y/y (1.0% expected,1.0% prior)
• Eurozone PPI (Jan) 0.7% m/m, -1.0% y/y (0.6%/-1.1% expected, 0.1%/-2.9% prior)
• UK Construction PMI (Feb) 48.5 (48.9 expected, 48.6 prior)
• UK Cameron: Deficit if not dealt with brings risk of tipping back into recession
• German Foreign Min: Debate on Greece aid causes nervousness on markets rather than confidence
• Ex-ECB member Issing: Greece should go to IMF, not EU (Reuters)
• News: Greece set to outline measures tomorrow (WSJ)
• RBA hikes rates 25 bps to 4.0% as expected
• BoC holds rates at 0.25% despite strong growth, pledges not to raise until end of Q2
• Commodities: Oil edges lower near $78.50
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Asian Session: RBA Hikes Rates
March 02, 2010 9:03 AM CET
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G10 Advancers and Decliners vs USD |
| | CAD | 0.07 | | | DKK | -0.05 | | | CHF | -0.05 | | | EUR | -0.05 | | | JPY | -0.12 | | | AUD | -0.19 | | | SEK | -0.20 | | | NOK | -0.24 | | | NZD | -0.71 | | | GBP | -0.72 | |
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Global Indexes |
Current Level |
% Change |
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| Nikkei 225 Index | 10,221.84 | + 0.48 | | Hang Seng Index | 20,891.53 | - 0.78 | | Shanghai Index | 3,073.11 | - 0.47 | | FTSE futures | 5,388.00 | + 0.96 | | DAX futures | 5,721.00 | + 0.12 | | SMI Futures | 6,743.00 | + 0.19 | | S&P future | 1,114.60 | + 0.01 |
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World Markets |
Current Level |
% Change |
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| Gold | 1,118.85 | - 0.01 | | Silver | 16.44 | - 0.10 | | VIX | 19.26 | - 1.23 | | Crude wti | 78.73 | + 0.03 | | USD Index | 81.01 | + 0.36 |
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Todays Calender |
Estimates |
Previous |
Country / GMT |
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| GDP, % y/y | 3 | 1.7 | PLN / 09.00 | | PMI construction, index | 48.8 | 48.6 | GBP / 09.30 | | "Flash" HICP, % | 1.0 | -- | EUR / 10.00 | | PPI, % m/m (y/y) | 0.6 (-1.1) | 0.1 (-2.9 | EUR / 10.00 | | Bank of Canada rate announcement, % | 0.25 | 0.25 | CAD / 14.00 | | Minneapolis Fed President Kocherlakota (FOMC non-v | -- | -- | USD / 18.00 | | Vehicle Sales | 10.97 | 10.80 | USD / -- |
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Currency Tech |
EURUSD
R 2: 1.3800
R 1: 1.3695
CURRENT: 1.3526
S 1: 1.3444
S 2: 1.3425
USDJPY
R 2: 90.22
R 1: 89.50
CURRENT: 89.27
S 1: 88.55
S 2: 87.50
GBPUSD
R 2: 1.5580
R 1: 1.5325
CURRENT: 1.4990
S 1: 1.4780
S 2: 1.4700
AUDUSD
R 2: 0.9090
R 1: 0.9050
CURRENT: 0.8997
S 1: 0.8790
S 2: 0.8740
USDCAD
R 2: 1.0685
R 1: 1.0625
CURRENT: 1.0406
S 1: 1.0370
S 2: 1.0309
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Market Brief |
• RBA hikes cash rates 25bps to 4.0%, states joblessness looks to have peaked, inflation was consistant with target & risk in EU have decreased.
• Australia Jan retail sales 1.2% m/m, 0.5% exp.
• Australia Jan bldg approvals -7.0% m/m, 0.8% exp, priv-sector houses 0.3%.
• Australia Q4 public spending 3.8% q/q, +2.7% exp.
• FSA Minister Kamei says that the BoJ should examine underwriting JGBs
• Japan Jan unemployment 4.9%, 5.2% exp, Dec 5.2%, 540k rise in employment largest since 1973; jobs-applicants ratio 0.46, 0.47 exp, Dec 0.43.
• Finance Minister Kan repeats want to get Japan out of deflation this year, hopes prices rise 1%+ over medium-term, need suitable monetary policy& decline in jobless rate and rise in jobs-applicants ratio is a postive sign
• Ex-ECB Issing stated to Reuters that Greece should go to IMF, not EU
We are in line with consensus in expecting the BoC will hold rates steady at 0.25%. Despite the strong economic data, including today’s Q4 GDP, which printed at 5.00%, the central bank is in no rush to unwind its accommodative position. That said, markets have been too complacent in believing the central bank's commitment to low rates means tightening is a long way off. We believe that the BoC will use the accompanying statement as an opportunity to re-align market's expectations, potentially even moving forward the date of the first hike. As the market recognizes the BoC will not sit on 0.25% forever, the pricing in of tightening should give the CAD a significant kick.
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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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