1. ACM news Snap-Shot 04 October 2011 - 08:54 CEST G10 Advancers and Decliners vs USD JPY 0.04 GBP -0.16 NZD -0.16 SEK -0.27 NOK -0.35 EUR -0.38 DKK -0.39 C AD -0.41 CHF -0.46 AUD -0.95 Global indexes Current level % Change Nikkei 225 Index 8'456.12 - 1.05 Hang Seng Index 16'714.68 - 0.64 Shanghai Index 2'359.22 0.00 FTSE 100 Index 5'075.50 - 1.03 DAX Index 5'376.70 - 2.28 SMI Ind ex 5'495.69 - 0.65 S&P future 1'092.00 + 0.52 World markets Current level % Change Gold 1'674.43 + 0.97 Silver 31.20 + 2.60 VIX 45.45 + 5.80 Crude wti 77.13 - 0.62 USD Index 79.49 - 0.08 Todays calender Estimates Previous Country / GMT Construction PMI, index Sep 51.6 52.6 GBP/08:30 PPI, % m/m (y/y) Aug -0.2 (5.8) 0.5 (6.1) EUR/09:00 Factory orders, %m/m Aug 0.0 2.4 USD/14:00 Currency Tech EURUSD R 2: 1.3600 R 1: 1.3380 CURRENT: 1.3220 S 1: 1.3165 S 2: 1.3000 GBPUSD R 2: 1.5665 R 1: 1.5580 CURRENT: 1.5455 S 1: 1.5420 S 2: 1.5330 USDJPY R 2: 77.85 R 1: 77.40 CURRENT: 76.65 S 1: 76.50 S 2: 76.35 AUDUSD R 2: 0.9880 R 1: 0.9700 CURRENT: 0.9530 S 1: 0.9455 S 2: 0.9290 Market Brief As expected, the RBA left overnight interest rates unchanged at 4.75% this morning, citing heightened uncertainty on global growth prospects and a weaker domestic backdrop as the reasons for their cautious approach. It was also noted that lowered expectations for near-term growth and decreased risk of labour costs rising would allow the central bank to take a more lenient approach to inflation. Following the announcement, AUDUSD fell from 0.9520 levels down to a low of 0.9456, but after that knee jerk reaction to the statement the pair has steadily recovered its losses and managed to climb above 0.9500 once more. In the rest of the Asian session, investors have seemingly been preoccupied with Greece concerns, as equity markets have had another difficult day. The Nikkei is down just over a percent on the day, whilst the Hang Seng is trading -0.7%; the Shanghai exchange remains closed for the Chinese national holiday. G old has continued to attract decent bids which have taken us back up to $1675 levels, and should we break above $1677 resistance, there is a decent likelihood of a move back to $1755. Yesterday’s Eurogroup meeting provided little in the way of new information or decisions with which to calm the Eurozone debt crisis fears today; and of particular angst to investors is the fact that no final decision has yet been made on whether Greece will receive the next instalment of badly needed bailout cash. Instead, markets have had to content themselves with the assertions of Greek officials that the country will not run out of cash before mid-November. Coming up in today’s session, the UK PMI construction figure for Sep is expected to come out at 51.6, down from 52.6 seen last month. Eurozone PPI for Aug is forecast to drop to -0.2% MoM, 5.8% YoY, whilst the afternoon session highlight will be US factory orders (exp: 0.0%, prior: 2.4%). FX Research & Analysis : +41 (58) 226 29 06 FX Dealing Desk : +41 (22) 999 94 76 FX Sales : +41 (44) 825 87 77 All Swissquote Bank staff (except dealing desk staff) are at your disposal to reply from 09:00-19:00 CET only. The telephone dealing desk is reserved for Swissquote Bank customers only Swissquote Bank SA is a professional financial intermediary, directly regulated by the Swiss Federal Department of Finance, Anti Money Laundering Control Authority. As forex specialist, Swissquote Bank provides only currency and precious metals trading via highly professional forex trading software. All customers are aware that this information or any part thereof has been prepared without taking account of your objectives, financial situation and/or needs. This information is not intended as personalized investment advice and does not constitute a recommendation. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. The analysis is based on the information which Swissquote Bank finds reliable and accurate, but Swissquote Bank does not assume any responsibility for any material nor for the transactions made on the basis of the information or the estimates of the analysis. Swissquote Bank cannot guarantee that these forecasts will materialize and cannot be held liable in any way for direct, indirect and/or consequential loss arising from any use of this information, document or its content. All opinions and estimates constitute Swissquote Bank analysis as of the data and are subject to change without notice. Swissquote Bank does not warrant the accuracy or completeness of information contained herein, such information is subject to change and is not intended to influence your investment decisions. Past performance is not a reliable indicator of future performance. unsubscribe