Daily Report

ly Report

Wednesday 30th May 2012

Wednesday 30th May 2012

ECONOMIC NEWS
Yesterdays Events
Euro-zone: German preliminary CPI m/m came at -0.2% vs 0.2% for the previous month. German Import Prices m/m came at -0.5% vs 0.7% for the previous month. German Bunds yields hit the record low levels. Concerns about Spains financial system continued to dominate the news yesterday. UK: CBI Realized Sales came at 21 vs -6 in the previous month. US: S&P CS Composite-20 HPI y/y came at -2.6% vs -3.5% in the previous month. CB Consumer Confidence came at 64.9 vs 68.7 in the previous month.

Todays Key Events

Australia : Retail Sales, Construction Data Switzerland : KOF Economic Indicator Euro-Zone: Retails PMI, Italian 10-yr Bond Auction, Euro-zones Consumer, Economic and Industrial Confidence, ECB President Draghi speaks. UK: Money Supply m/m US: Pending Home Sales m/m.

Todays Calendar
Date Time 05/30/2012 02:30 05/30/2012 02:30 05/30/2012 09:00 05/30/2012 09:00 05/30/2012 09:00 05/30/2012 09:00 05/30/2012 09:30 05/30/2012 09:30 05/30/2012 09:30 05/30/2012 09:30 05/30/2012 09:30 05/30/2012 09:30 05/30/2012 10:00 05/30/2012 10:00 05/30/2012 10:00 05/30/2012 10:00 05/30/2012 10:00 05/30/2012 12:00 05/30/2012 13:30 05/30/2012 13:30 05/30/2012 14:00 05/30/2012 14:00 05/30/2012 14:00 05/30/2012 15:00 05/30/2012 15:00 05/30/2012 17:00 05/30/2012 17:00 05/30/2012 06/05 05/30/2012 06/05
Bloomberg

Country AU AU EC EC IT IT UK UK UK UK UK UK EC EC EC EC EC US CA CA CA CA CA US US FR FR GE GE

Event Construction Work Done Retail Sales s.a. (MoM) Euro-Zone M3 s.a. 3 mth ave. Euro-Zone M3 s.a. (YoY) PPI (MoM) PPI (YoY) Net Consumer Credit Net Lending Sec. on Dwellings Mortgage Approvals M4 Money Supply (MoM) M4 Money Supply (YoY) M4 Ex IOFCs 3M Annualised Business Climate Indicator Euro-Zone Consumer Confidence Euro-Zone Economic Confidence Euro-Zone Indust. Confidence Euro-zone Services Confidence MBA Mortgage Applications Industrial Product Price MoM Raw Materials Price Index MoM Teranet/National Bank HP Index Teranet/National Bank HPI MoM% Teranet/National Bank HPI YoY% Pending Home Sales MoM Pending Home Sales YoY Jobseekers- Net Change Total Jobseekers Retail Sales (MoM) Retail Sales (YoY)

Month 1Q APR APR APR APR APR APR APR APR APR APR APR MAY MAY F MAY MAY MAY MAY APR APR MAR MAR MAR APR APR APR APR APR APR

Survey ------------------------------

Actual ------------------------------

Prior -0.046 0.009 0.028 0.032 0.003 0.027 0.4B 1.0B 49.9K -0.008 -0.05 0.064 -0.52 -92.8 -9 -2.4 -0.002 -0.016 148.76 -0.002 0.061 0.041 0.108 16.6 2884.5k 0.008 0.023

Daily Report

Wednesday 30th May 2012

TECHNICAL OVERVIEW

SP500

This pair is forming an ascending triangle pattern. If we see a break to the upside then the first target is the previous support area of 1344.20. If we see a break to the downside then the first target is the previous low of the 1293.90 area.

Daily Pivot Points

R3 R2 R1 PP S1 S2 S3 1352.97 1343.43 1336.47 1326.93 1319.97 1310.43 1303.47

Daily Report

Wednesday 30th May 2012

TECHNICAL OVERVIEW

EURUSD

This pair is creating a descending triangle kind of pattern. If we see a break to the upside then the first target will be the 1.2534 area. If we see a break to the down side then the first target will be the 1.2338 area.

Daily Pivot Points

R3 R2 R1 PP S1 S2 S3 1.2660 1.2617 1.2547 1.2504 1.2434 1.2391 1.2321

Daily Report

Wednesday 30th May 2012

TECHNICAL OVERVIEW

GBPUSD
Further downside towards the GBP is expected with prices once breaking the 1.5628 level, a push towards the next support level of 1.55383 is expected.

Daily Pivot Points

R3 R2 R1 PP S1 S2 S3 1.58043 1.57599 1.56956 1.56512 1.55869 1.55425 1.54782

Daily Report

Wednesday 30th May 2012

TECHNICAL OVERVIEW

USDJPY

Dollar yen is in consolidating phase. Break of 79.300 can take this pair towards the next levels of 78.35. Close above79.65 levels will take this pair towards 80.60 levels.

Daily Pivot Points

R3 R2 R1 PP S1 S2 S3 79.9480 79.7910 79.6420 79.4850 79.3360 79.1790 79.0300

Daily Report

Wednesday 30th May 2012

TECHNICAL OVERVIEW

USDCHF

Possible move towards the 9.7000 handle is expected with further increase in the US-Dollar

Daily Pivot Points

R3 R2 R1 PP S1 S2 S3 0.97334 0.96850 0.96700 0.96065 0.95764 0.95280 0.94979