27.08.2004 (04:50am US Time)

Today`s data:

04:30 GBP ? GDp Q2 q/q prev. 0.9%

04:30 GBP ? GDp Q2 y/y prev. 3.7%

05:30 GBP ? GfK Consumer Confidence Survey prev. -3

08:30 USD ? GDP Q2 prev. 3.0% for. 2.8%

08:30 USD ? GDP Price Deflator Q2 prev. 3.2% for. 3.2%

08:30 USD ? Personal Consumption Q2 prev. 1.0% for. 1.3%

09:50 USD ? U. of Michigan Confidence prev. 94 for. 94

10:00 USD ? Greenspan to Give Opening Remarks At Fed Symposium in Wyoming


USD/JPY (CURRENT LEVEL 109.56) - AFTER JAPANESE DATA AND LOWER OIL PRICES USD/JPY BROKEN SUPPORT AT 109.60 AND TESTED 109.00 REGION. NOW WE HAVE BOUNCE TOWARDS 109.60 AHEAD US DATA AND A.GREENSPAN SPEACH. TECHNICAL: BREAK 109.00 WILL OPEN THE WAY TO FALLS TOWARDS 108.00, BUT BREAK 110.40/60 WILL PUSH THIS PAIR HIGHER EVEN TO 112.50 AGAIN.

EUR/USD (CURRENT LEVEL 1.2087) - WORST THAN EXPECTED US WEEKLY JOBLESS CLAIMS EUR TESTED AGAIN 1.2115/25 REGION AND NEXT RISIES WAS STOPPED THERE. TODAY MORNING AFTER TRADERS CLOSED THEIR SHORT POSITIONS ABOVE-MENTIONED RESISTANCE WAS TESTED ONE MORE TIME. SUPPORT AT 1.2040/60. WE THINK BEFORE US DATA AND A.GREENSPAN SPEACH WE COULD STAY IN 1.2060/1.2120 RANGE. NEXT DIRECTION DEPEND ON TRADER`S INTERPRETATION TODAY`S INFORMATIONS. IF WE BREAK SUPPORT NEXT TARGET IS 1.1950 BUT IF RESISTANCE WILL BE BRAKE NEXT TARGET IS 1.2180/1.2200 REGION.

USD/CHF (CURRENT LEVEL 1.2743) - STRONG RESISTANCE 1.2780 AND 1.2840, SUPPORTS 1.2720 AND 1.2690. NEXT DIRECTION DEPEND ON TRADER`S INTERPRETATION TODAY`S INFORMATIONS.

GBP/USD (CURRENT LEVEL 1.7985) -STRONG SUPPORT 1.7880/1.7900, STRONG RESISTANCE 1.8015/30. WAITING ON DATA FROM UK GBP TESTED ABOVE-MENTIONED RESISTANCE. NEXT DIRECTION DEPEND ON TRADER`S INTERPRETATION TODAY`S INFORMATIONS.