17.08.2004 (5:08am US Time)

TODAY`S DATA:

03:15 CHF ? PPI m/m (Jul) prev. -0.3% for. 0.2%

05:00 EUR ? Industrial Production m/m (Jun) prev. 0.7% for. -0.7%

05:00 DEM ? ZEW Survey Econ. Sentiment (Aug) prev. 48.4 for. 48.0

05:00 DEM ? ZEW Survey Current Situation (Aug) prev. -69.3 for. -69.0

08:30 USD ? CPI m/m (Jul) prev. 0.3% for. 0.2%

08:30 USD ? CPI Core m/m (Jul) prev. 0.1% for. 0.2%

08:30 USD ? CPI y/y prev. 3.3%

08:30 USD ? CPI Core y/y (Jul) prev. 1.9% for. 1.8%

08:30 USD ? Housing Starts (Jul) prev. 1.924k for. 1.900k

08:30 USD ? Building Permits (Jul) prev. 1.945k for. 1.950k

15:15 USD ? Industrial Production m/m (Jul) prev. -0.3% for. 0.5%


USD/JPY (CURRENT LEVEL 110.49) - BULLS FIGHT AT 110.30. IF THIS REGION HOLDS WE SHOULD SEE BOUNCE TO 111.00 OR EVEN 111.40. LATER THIS WEEK WE EXPECT FALL BELOW 110.00.


EUR/USD (CURRENT LEVEL 1.2340) ? YESTERDAY`S CLOSE ABOVE 1.2350 SUGGEST POSIBILITY TO TEST 1.2500 REGION. STRONG RESISTANCE AT 1.2380/90, SUPPORT AT 1.2315.

USD/CHF (CURRENT LEVEL 1.2431) ? SUPPORT AT 1.2370, RESISTANCE 1.2480 ? 1.2500. WE EXPECT TO BREAK ABOVE-MENTIONED SUPPORT LATER THIS WEEK AND FALL TOWARDS 1.2300. WATCH MARKET CAREFULLY.

GBP/USD (CURRENT LEVEL 1.8373) ? RISE TOWARDS 1.8550 AND FALL NEAR 1.8250 IS LIKE 50/50 IN A FEW DAYS. WATCH MARKET CAREFULLY. STAND ASIDE.

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