Calendario economico

xToday's Economic Calendar:  TIME (GMT)    EVENT  VALUE NAME   CONS.   00:30    AU:Home Loans M/M percent change 1.5%       Yr/Yr percent change 0%   01:30    CN:Consumer Price Index Y/Y % Change 5.4%       M/M % Change 0%   01:30    CN:Producer Price Index Y/Y % Change 5.7%       M/M % Change 0%   05:00    CN:Merchandise Trade Balance level $24.1B   05:30    CN:Retail Sales Y/Y % Change 17.4%       M/M % Change 0%   05:50    CN:Industrial Production Yr/Yr % change 13.3%       M/M % Change 0%   09:30    GB:Merchandise Trade Level Stg-8B   12:00    US:MBA Purchase Applications Purchase Index - W/W Change 0%       Refinance Index - W/W Change 0%       Composite Index - W/W Change 0%   15:00    US:Wholesale Trade Inventories - M/M change 0.6%   15:30    US:EIA Petroleum Status Report Crude oil inventories (weekly change) 0M barrels       Gasoline (weekly change) 0M barrels       Distillates (weekly change) 0M barrels   23:50    JP:Machine Orders M/M Change -7.5%       Y/Y Change 0%   Full week Economic Calendar

Market Watching Italian Yields Cautiously

News and Events: FX risk correlated trades rallied on the news that Italian Prime Minister Silvio Berlusconi would resign after the new budget law is approved. The  Asia session got a boost as Chinese CPI came in line at 5.5% but significantly softer than last month’s 6.1% read (PPI comes 5.0 vs.5.8 consensus).  Given this weekend's SNB Hildebrand's comments, soft Swiss economic data and choirs of “repeg” by unions and government official alike, it’s no wonder the market is anticipating new EURCHF “floor”. Read Today's Key Issues and The Risk Today

Resistance and Support: EURUSD GBPUSD USDJPY USDCHF 1.4171 1.6455 80.24 0.9147 1.3871 1.6203 79.53 0.9098 1.3856 1.6167 78.42 0.9068 1.3723 1.6045 77.67 0.9005 1.3776 1.6036 77.54 0.8923 1.3681 1.5946 77.27 0.8862 1.3566 1.5632 76.11 0.8764 S: Strong, M: Minor, T: Trendline, K: Keylevel, P: Pivot