Daily Forex Snapshots

Greek PM Papandreou Comments Rattle EURUSD

March 08, 2010 5:26 PM CET

G10 Advancers and Decliners vs USD

	NZD	0.69
	AUD	0.40
	CHF	0.30
	EUR	0.29
	DKK	0.27
	SEK	0.26
	NOK	0.24
	CAD	0.19
	JPY	0.03
	GBP	-0.33

Global Indexes

Current Level

% Change

FTSE 100 Index	5'616.15	+ 0.29
DAX Index	5'887.40	+ 0.17
SMI Index	6'862.14	+ 0.21
S&P 500 Index	1'139.38	+ 0.06
DJIA Index	10'566.20	0.00
Nikkei 225 Futures	10'520.00	+ 2.04
Hang Seng Futures	21'074.00	+ 1.91

World Markets

Current Level

% Change

Gold	1'124.72	- 0.87
Silver	17.23	- 0.71
VIX	17.76	+ 1.95
Crude wti	81.99	+ 0.60
USD Index	80.39	- 0.05

Todays Calender

Estimates

Country / GMT

Tue 9 Mar	---	---	---
Consumer confidence, index q1	17.0	16.4	NOK/06:00
CPI, % m/m (y/y) Feb	0.2 (1.0)	-0.1 (1.0)	CHF/08:15
Trade balance, £ bn Jan	-7.0	-7.3	GBP/09:30
NFIB small business optimism index Feb	---	89.3	USD/12:30

Currency Tech

EURUSD
R 2: 1.3800
R 1: 1.3735
CURRENT: 1.3635
S 1: 1.3444
S 2: 1.3425

USDJPY
R 2: 91.40
R 1: 90.55
CURRENT: 90.30
S 1: 89.50
S 2: 88.15

GBPUSD
R 2: 1.5350
R 1: 1.5255
CURRENT: 1.5035
S 1: 1.5000
S 2: 1.4857

AUDUSD
R 2: 0.9280
R 1: 0.9170
CURRENT: 0.9100
S 1: 0.8935
S 2: 0.8790

USDCAD
R 2: 1.0530
R 1: 1.0490
CURRENT: 1.0290
S 1: 1.0200
S 2: 1.0100

Market Brief

• Switzerland unemployment rate (Feb) fell to 4.4% in line with expectations (4.5% prior)
• Switzerland retail sales (Jan) surged +4.4% y/y as expected, but prior reading was revised down to 4.4% from 4.7%
• EU Sentix investor confidence index (Mar) posted a slightly better than expected -7.5% (8.8% expected, 8.2% prior)
• Germany industrial production data (Jan) mixed; this month’s reading missed forecasts at 0.6% m/m (1.0% expected) but last month revised up to -1.0% from -2.6%
• Greek PM Papandreou stated Europe must help Greece take a longer view; says budget cuts won’t lead to sustainable growth
• ECB’s Stark rebutted suggestions in an FT article that a European Monetary Fund is in the pipeline. He said it would be against EMU rules and undermine public acceptance of EUR
• NDRC chairman quoted as saying China will continue to reform Yuan policy in controlled manner
• Canada House Starts (Feb) were a stronger than forecast 196.7 (190k expected, 186.3K prior)

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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