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US Session


March 05, 2010 5:31 PM CET
G10 Advancers and Decliners vs USD
NZD1.28
AUD0.67
NOK0.59
SEK0.58
GBP0.50
CAD0.34
EUR0.19
CHF0.18
DKK0.16
JPY-1.59

Global Indexes Current Level % Change
FTSE 100 Index5'601.07+ 1.34
DAX Index5'871.70+ 1.32
SMI Index6'850.64+ 0.67
S&P 500 Index1'128.50+ 0.98
DJIA Index10'455.00+ 0.84
Nikkei 225 Futures10'340.00+ 2.58
Hang Seng Futures20'680.00+ 0.52
World Markets Current Level % Change
Gold1'139.40+ 0.64
Silver17.44+ 1.88
VIX17.54- 6.30
Crude wti81.88+ 2.08
USD Index80.54- 0.02
Todays Calender Estimates Previous Country / GMT
No further releases---------
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: 91.40
R 1: 90.55
CURRENT: 90.45
S 1: 88.00
S 2: 87.37

GBPUSD
R 2: 1.5350
R 1: 1.5255
CURRENT: 1.5145
S 1: 1.5000
S 2: 1.4857

AUDUSD
R 2: 0.9170
R 1: 0.9095
CURRENT: 0.9075
S 1: 0.8935
S 2: 0.8790

USDCAD
R 2: 1.0530
R 1: 1.0490
CURRENT: 1.0270
S 1: 1.0200
S 2: 1.0100
Market Brief

• UK PPI output prices (Feb) rose to +4.1% y/y the highest levels seen for 14 months
• German Manufacturing Orders (Jan) jumped +4.3% m/m; its biggest jump since Jun 2007
• German Chancellor Merkel quoted as saying “we should stand helpfully by Greece's side”
• German Economics Minister Bruederle reported to have said German government does not intend on offering Greece “even one cent”
• EURUSD weighed by an article in the WSJ: Spain's Woes Start to Sting Big Banks
• A YouGov poll highlighted the Tory party lead has shrunk in key marginals ahead of this summer’s UK general election
• US non-farm payrolls (Feb) solidly better than expectations at -36k (-68k expected, prior revised down to -26k from -10k). A very good reading considering the snow effect dampening job growth.
• US Unemployment (Feb) held steady at 9.7% (9.8% expected)


European Session


March 05, 2010 7:51 AM CET
G10 Advancers and Decliners vs USD
NOK0.00
NZD0.00
SEK-0.05
EUR-0.07
CHF-0.08
AUD-0.08
GBP-0.09
CAD-0.10
DKK-0.11
JPY-0.28

Global Indexes Current Level % Change
Nikkei 225 Index10'368.96+ 2.20
Hang Seng Index20'754.30+ 0.87
Shanghai Index3'037.50+ 0.47
FTSE 100 Index5'527.16- 0.11
DAX Index5'795.32- 0.39
SMI Index6'804.87- 0.12
SMI Futures1'117.60+ 0.33
World Markets Current Level % Change
Gold1'132.75+ 0.05
Silver17.18+ 0.32
VIX18.72- 0.58
Crude wti80.58+ 0.46
USD Index80.59+ 0.04
Todays Calender Estimates Previous Country / GMT
Manufacturing production, % m/m Jan0.3-0.5NOK/09:00
Producer input prices, % m/m (y/y) Feb0.2 (7.8)2.0 (8.4)GBP/09:30
Producer output prices, % m/m (y/y) Feb0.2 (0.4)0.4 (3.8)GBP/09:30
Germany: Factory orders % m/m (y/y) Jan1.3 (15.4)-2.3 (8.4)EUR/11:00
Change in nonfarm payrolls, thous Feb-65-20USD/13:30
Unemployment rate, % Feb9.89.7USD/13:30
Currency Tech

EURUSD
R 2: 1.3800
R 1: 1.3735
CURRENT: 1.3580
S 1: 1.3444
S 2: 1.3425

USDJPY
R 2: 90.20
R 1: 89.50
CURRENT: 89.35
S 1: 88.00
S 2: 87.37

GBPUSD
R 2: 1.5350
R 1: 1.5255
CURRENT: 1.5025
S 1: 1.5025
S 2: 1.4857

AUDUSD
R 2: 0.9170
R 1: 0.9095
CURRENT: 0.9005
S 1: 0.8935
S 2: 0.8790

USDCAD
R 2: 1.0530
R 1: 1.0490
CURRENT: 1.0315
S 1: 1.0200
S 2: 1.0100
Market Brief

European Session
• EUR under pressure late yesterday after Moody’s downgraded Deutsche Bank two notches to AA3/C+ (from AA1/B), outlook remains stable.
• Nikkei front page headline reports BoJ are looking at more monetary policy easing and examining new liquidity-provision operations.
• Japan’s Finance Minister Kan was on the wires saying recent JPY are gains due in part to Greek debt woes and EUR weakness. He also added Japan was not yet ready to exit fiscal steps, but assured markets that this would not necessarily mean more JGB issuance
• Japan foreign reserves (Jan) were $1.0511 tln (a change of -$1.991 bln)
• China’s Wen said will not bow to pressure on CNY exchange rate, stability needed, but will push on with reform. They are eyeing proactive fiscal policy along with suitably loose monetary policy.
• St Louis Fed Bullard - Sovereign debt issues in Europe a key risk to US economic outlook, no danger of US debt rating being downgraded - Reuters.
• According to the NZ Treasury, their deficit better than forecast in Jan, NZD $3.36 bln at end-Jan, net debt NZ$22.82 bln (equivalent to 12.3% of GDP).


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