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European Forex Recap

F/X Solutions

European Forex Recap

Date:  Friday, March 16, 2007 12.00am until 7.00am EST

Market Recap:

• Opening levels:-GBP/USD 1.9381/86  EUR/USD 1.3293/96  USD/JPY 117.10/13  USD/CHF 1.2106/10  USD/CAD 1.1757/62  AUD/USD 0.7917/21  NZD/USD 0.6956/60 (12.10am EST)
• Japanese leading indicators for January revised to 40.9 from 35.0 and the coincident index revised from 55.6 to 45.00 (1.00am EST)
• Cable being steadily bought from the London open rising from 1.9385 to a high of 1.9470 (5.30am EST)
• There was a total lack of economic data this morning as we await a slew of US data
• Cable still moving higher to a high of 1.9490 bringing Euro-dollar higher as well to 1.3336/39 (7.00am EST)
• Closing levels:-GBP/USD 1.9486/91  EUR/USD 1.3336/39  USD/JPY 116.59/62  USD/CHF 1.2037/41  USD/CAD 1.1726/31  AUD/USD 0.7951/55  NZD/USD 0.6977/81 (7.00am EST)

Economic data due out later today

8.30am   US Consumer Price Index for February

9.15am   US Capacity Utilization for February

9.15am   US Industrial Production for February

10.00am US University of Michigan Consumer Sentiment index for March

Session Ranges

GBP / USD:                 1-9570             1-9490

EUR / USD:                 1-3280             1-3338

USD / JPY:                  116-57             117-20

USD / CHF:                 1-2040             1-2125

USD / CAD                 1.1718             1.1760

AUD / USD                 0-7901             0-7958

NZD / USD                 0-6940             0-6985

World Stock Markets

Dow Jones Industrial Average (Thursday close)            12,159-68        + 26-28

Hong Kong ??“ Hang Seng (Friday close)                        18,953-50        -  15-94          

Japan ??“ Nikkei 225 (Friday close)                                16,744-15        -116-24

European markets (Prices at 7.00am EST)

Germany ??“ DAX                                                           6,553-98         -  31-49          

France ??“ CAC 40                                                         5,371-61         -  18-24          

UK ??“ FTSE 100                                                           6,119-60         -  13-60