Today`s data (31.08.2004):


04:30 GBP ? M4 Money Supply m/m (Jul) prev. 0.5%

04:30 GBP ? M4 Money Supply y/y (Jul) prev. 7.8%

04:30 GBP ? M4 Streling Lending (Jul) prev. 11.2B

04:30 GBP ? Net Consumer Credit (Jul) prev. 2.1B for. 1.7B

04:30 GBP ? Net Lending on Dwellings (Jul) prev. 9.2B for. 9.2B

04:30 GBP ? M0 Money Supply m/m (Aug)prev. 0.2%

04:30 GBP ? M0 Money Supply y/y (Aug) prev. 5.6% for. 5.3%

05:00 EUR ? Euro-zone CPI Estimate y/y (Aug) prev. 2.3% for. 2.4%

06:00 GBP ? CBI Distributive Trades

07:30 CAD ? GDP y/y prev. 2.4% for. 4.5%

08:30 CAD ? GDP m/m (Jun) prev. 0.3% for. 0.4%

10:00 USD ? Chicago PMI (Aug) prev. 64.7 for. 60

10:00 USD ? Consumer Confidence prev. 106.1 for. 103

31.08.2004 (03:35 US Time)


USD/JPY (CURRENT LEVEL 109.88) -COURSE STILL IN RANGE: 109.00 - 110.40. DURING JAPANESE SESSION AFTER WORST THAN EXPECTED DATA FROM JAPAN WE TESTED 110.20 AND NEXT TO HOURS WE TESTED 109.50REGION BREAKING THROUGH 50MA 109.66. NOW WE HAVE BOUNCE TO 109.80/110.00, AFTER THIS WE EXPECT FALL TOWARDS 109.30 AND EVEN 109.00. FRIDAYS DATA FROM US SHOULD CHANGE IMAGE ON THIS MARKET.

EUR/USD (CURRENT LEVEL 1.2073) - NOW WE HAVE BACK TO BROKEN 100MA AT 1.2123 REGION. FIRST RESISTANCE IS AT 1.2080/90. WE EXPECT AGAIN TEST LAST MIN. AND NEXT DIRESTION ON EUR/USD MARKET DEPEND ON HOLDING 1.1950 1.2000 REGIONS. STRONG INFLUENCE ON COURSE WOULD HAVE DATA FROM USA..


USD/CHF (CURRENT LEVEL 1.2766) - ON THE END OF JAPANESE SESION WE BROKE SUPPORT AT 1.2785REGION WHAT COULD SUGGEST FALLS TOWARDS 1.2700.


GBP/USD (CURRENT LEVEL 1.7930) - STRONG RESISTANCE AT 1.8000, SUPPORT - 1.7840/50. WATCH MARKET CAREFULLY.