Daily Newsletter: 25/10/2011 By Peter Rosenstreich - Swissquote Bank, Geneva, Switzerland Today's Economic Calendar:

TIME (GMT)    EVENT  VALUE NAME   CONS.   06:00    CH:UBS Consumption Index Level 0   08:00    IT:Retail Sales Month over Month -0.1%       Year over Year 0%   08:30    GB:GDP Quarter over Quarter 0.1%       Year over Year 0.6%   09:00    IT:ISAE Consumer Confidence Level 0   11:45    US:ICSC-Goldman Store Sales Store Sales - W/W change 0%       Store Sales - Y/Y 0%   12:30    CA:Retail Sales Month over Month 0%   12:55    US:Redbook Store Sales Y/Y change 0%   13:00    US:S&P Case-Shiller HPI 20-city, SA - M/M 0%       20-city, NSA - Yr/Yr -3.6%   13:00    CA:Bank of Canada Announcement Change 0bp       Level 1%   14:00    US:State Street Investor Confidence Index State Street Investor Confidence Index 0   14:00    US:Consumer Confidence Consumer Confidence - Level 46   14:00    US:Richmond Fed Manufacturing Index level change -1   14:00    US:FHFA House Price Index M/M change 0.3%   Full week Economic Calendar

FX Participation Low Ahead of EU Summit

News and Events: Going to keep this short, since there has been no real, additional information regarding the grand solution that European policymakers are expected to announce on Wednesday.  In the background, Eurozone PMIs came out softer than expected once again, highlighting the recessionary risk and potential of deeper ECB rate cuts.  On a final note, the USDJPY continues to trend around all time lows at 75.83. Interventionist rhetoric from Japanese policy makers have increased significantly in response. Read Today's Key Issues and The Risk Today

Resistance and Support: EURUSD GBPUSD USDJPY USDCHF 1.4278 1.6201 77.86 0.9316 1.4149 1.6083 77.49 0.9147 1.3957 1.6008 76.84 0.9086 1.3905 1.5971 76.17 0.8798 1.3673 1.5668 75.82 0.8790 1.3566 1.5333 75.00 0.8700 1.3361 1.5297 74.50 0.8540 S: Strong, M: Minor, T: Trendline, K: Keylevel, P: Pivot