Calendário Economico

Today's Economic Calendar:  TIME (GMT)    EVENT  VALUE NAME   CONS.   01:30    CN:Producer Price Index Y/Y % Change 7.1       M/M % Change 0   01:30    CN:Consumer Price Index Y/Y % Change 6.1       M/M % Change 0   04:00    DE:CPI Month over Month -0.1%       Year over Year 2.3%   05:32    CN:Industrial Production Yr/Yr % change 13.6%       M/M % Change 0   05:33    CN:Retail Sales Y/Y % Change 17       M/M % Change 0   06:45    FR:Industrial Production Month over Month 0.2%       Year over Year 1.7%   08:00    IT:GDP Quarter over Quarter 0.3%       Year over Year 0.8%   08:30    GB:Merchandise Trade Imports-M/M 0%       Exports-M/M 0%       Level Stg0B   08:30    GB:Producer Price Index Input-M/M 0%       Input-Y/Y 0%       Output-M/M 0.1%       Output-Y/Y 0%   11:00    CA:Labour Force Survey Employment 25000       Unemployment 7.3%   12:15    CA:Housing Starts Level 200000AR   14:00    US:Wholesale Trade Inventories - M/M change 0.8%   Full week Economic Calendar

Pressure Mounts on Greece

News and Events: Greek 5 year CDS prices, according to Bloomberg, are now sitting at a mind boggling 3025.74bp and 2 yr notes have climbed to 55.84% as Q2 GDP was reported to have fallen by 7.3% yoy.  In the US, we doubt Obama’s or Bernanke’s actions / statements are having any real effect on FX price action but rather filler on this light news flow day.  In an interesting twist to the ECB press conference, Trichet stated that the ECB and SNB had been on constant contact regarding the CHF intervention. Read Today's Key Issues and The Risk Today

Resistance and Support: EURUSD GBPUSD USDJPY USDCHF 1.4278 1.6331 79.00 0.9000 1.4149 1.6261 78.45 0.8951 1.3937 1.6083 77.70 0.8894 1.3874 1.5983 77.53 0.8760 1.3837 1.5920 76.40 0.8441 1.3752 1.5781 75.95 0.7841 1.3428 1.5600 75.00 0.7800 S: Strong, M: Minor, T: Trendline, K: Keylevel, P: Piv