Daily Forex Snapshots

Greece Says it Might Have to Go to the IMF

March 18, 2010 9:01 AM CET

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

Global Indexes

Current Level

% Change

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

World Markets

Current Level

% Change

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

Todays Calender

Estimates

Country / GMT

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

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

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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