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European Forex Recap

F/X Solutions

European Forex Recap

Date:  Friday, March 30, 2007 12.00am until 7.00am EST

Market Recap:

In earlier news

The Dow Jones Industrial Average closed Thursday higher by 48.29 points at 12,348-75.

• Opening levels:-GBP/USD 1.9651/56  EUR/USD 1.3341/44  USD/JPY 117.61/64  USD/CHF 1.2156/60  USD/CAD 1.1576/81  AUD/USD 0.8075/79  NZD/USD 0.7135/39 (11.00pm EST)
• French consumer sentiment slightly higher in March at -22 (2.40am EST)
• French Q4 final GDP +0.7% q/q from +0.6% (2.45am EST)
• French PPI for February was +0.3% m/m +2.0% y/y better than market expectations (2.50am EST)
• Sweden??™s Riksbank leaves interest rates unchanged at 5.25% (3.30am EST)
• Dollar-Canada breaks the key 1.1550 level where CTA accounts are noted sellers. The low so far has been 1.1525 (3.25am EST)
• Euro-land HICP inflation was +1.9% in March from +1.8% in February (5.00am EST)
• Euro-land March economic sentiment index 111.2 from 109.7 in February (5.00am EST)
• UK Consumer Confidence in March unchanged at -6 in line with market expectations (5.30am EST)
• Closing levels:-GBP/USD 1.9578/83  EUR/USD 1.3302/05  USD/JPY 118.06/09  USD/CHF 1.2207/11  USD/CAD 1.1523/28  AUD/USD 0.8072/76  NZD/USD 0.7125/29 (7.00am EST)

Economic data due out later today

8.30am   US Personal Consumption and Expenditure for February

8.30am   US Personal Income for February

8.30am   US Personal spending for February

8.30am   Canadian Industrial Production for February

8.30am   Canadian GDP for January

9.45am   US Chicago PMI for March

10.00am US University of Michigan survey for March

10.00am US Construction Spending for February

Session Ranges

GBP / USD:                 1-9545             1-9655

EUR / USD:                 1-329               1-3349

USD / JPY:                  117-60             117-15

USD / CHF:                 1-2153             1-2210

USD / CAD                 1.1525             1.1580

AUD / USD                 0-8066             0-8082

NZD / USD                 0-7115             0-7145