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Daily Report

Tuesday 29th May 2012

ECONOMIC NEWS
Yesterdays Events
Euro-zone: The Euro-zone sentiment continued to be negative yesterday and the risk-averse
sentiment resumed in the yesterdays trading session. The financial crisis in Spain intensified. In
Greece, four largest banks got 18B euros in recapitalization funds. German Schatz yields hit record
lows (0.025%). The Spanish 10-yr bonds yielded 6.5% yesterday. The Italian 2-yr bond auction saw
the highest borrowing costs since December 2011.
DJIA 12454.83, EURUSD 1.2534, S&P500 1317.82, FTSE 100 5356.34, Oil (WTI) 91.19,
Gold 1575.80

Todays Key Events


Japan : Retail Sales (came at 5.8% vs 6.2% expected), Unemployment Rate (came at 4.6% vs 4.5%
expected)
Euro-Zone: German CPI m/m, German Import Prices m/m
UK: CBI Realized Sales
US: S&P/CS Composite-20 HPI y/y, CB Consumer Confidence

Todays Calendar

Date Time
05/29/2012 00:30

Country
JN

Event
Jobless Rate

Month
APR

--

Survey

Actual
--

Prior
4.50%

05/29/2012 00:30

JN

Job-To-Applicant Ratio

APR

--

--

0.76

05/29/2012 00:30

JN

Overall Hhold Spending (YoY)

APR

--

--

3.40%

05/29/2012 00:50

JN

Retail Trade YoY

APR

--

--

10.30%

05/29/2012 00:50

JN

Retail Trade MoM SA

APR

--

--

-1.20%

05/29/2012 00:50

JN

Large Retailers' Sales

APR

--

--

5.00%

05/29/2012 02:00

AU

HIA New Home Sales (MoM)

APR

--

--

-9.40%

05/29/2012 06:00

JN

Small Business Confidence

MAY

--

--

47.6

05/29/2012 08:00

GE

CPI - Saxony (MoM)

MAY

--

--

0.10%

05/29/2012 08:00

GE

CPI - Saxony (YoY)

MAY

--

--

2.00%

05/29/2012 09:00

GE

CPI - Brandenburg (MoM)

MAY

--

--

0.20%

05/29/2012 09:00

GE

CPI - Brandenburg (YoY)

MAY

--

--

2.10%

05/29/2012 09:00

GE

CPI - Hesse (MoM)

MAY

--

--

0.20%

05/29/2012 09:00

GE

CPI - Hesse (YoY)

MAY

--

--

1.90%

05/29/2012 11:00

UK

CBI Reported Sales

MAY

--

--

-6

05/29/2012 11:00

GE

CPI - Bavaria (MoM)

MAY

--

--

0.30%

05/29/2012 11:00

GE

CPI - Bavaria (YoY)

MAY

--

--

2.20%

05/29/2012 13:00

GE

Consumer Price Index (MoM)

MAY P

--

--

0.20%

05/29/2012 13:00

GE

Consumer Price Index (YoY)

MAY P

--

--

2.10%

05/29/2012 13:00

GE

CPI - EU Harmonised (MoM)

MAY P

--

--

0.10%

05/29/2012 13:00

GE

CPI - EU Harmonised (YoY)

MAY P

--

--

2.20%

05/29/2012 14:00

US

S&P/CS 20 City MoM% SA

MAR

--

--

0.15%

05/29/2012 14:00

US

S&P/CS Composite-20 YoY

MAR

--

--

-3.49%

05/29/2012 14:00

US

S&P/Case-Shiller US HPI YOY%

1Q

--

--

-4.03%

05/29/2012 14:00

US

S&P/CaseShiller Home Price Ind

MAR

--

--

134.2

05/29/2012 14:00

US

S&P/Case-Shiller US HPI

1Q

--

--

125.67

05/29/2012 15:00

US

Consumer Confidence

MAY

--

--

69.2

05/29/2012 15:30

US

Dallas Fed Manf. Activity

MAY

--

--

-3.4

05/29/2012

GE

CPI - Baden Wuerttemberg


(MoM)

MAY

--

--

-0.20%

05/29/2012

GE

CPI - Baden Wuerttemberg (YoY)

MAY

--

--

1.90%

05/29/2012

GE

CPI - North Rhine-West. (MoM)

MAY

--

--

0.20%

05/29/2012

GE

CPI - North Rhine-West. (YoY)

MAY

--

--

1.70%

Bloomberg

Daily Report

Tuesday 29th May 2012

SP500

TECHNICAL OVERVIEW

If we see a move to the up side then the first target is the 1329.40 area. If we see a move to the down
side then the first target is the 1306.40 area.

Daily Pivot Points


R3
R2
R1
PP
S1
S2
S3

1334.53
1331.37
1325.53
1322.37
1316.53
1313.37
1307.53

Daily Report

Tuesday 29th May 2012

EURUSD

TECHNICAL OVERVIEW

If we see a move to the up side then the first target is the 1.2610 area. If we see a continuation to the
downside then the first target is the 1.2500 area.

Daily Pivot Points


R3
R2
R1
PP
S1
S2
S3

1.2699
1.2662
1.2591
1.2554
1.2483
1.2446
1.2375

Tuesday 29th May 2012

Daily Report

GBPUSD

TECHNICAL OVERVIEW

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

1.57529
1.57345
1.56999
1.56815
1.56469
1.56285
1.55939

Tuesday 29th May 2012

Daily Report

USDJPY

TECHNICAL OVERVIEW

Dollar yen is taking support of 79.20 levels. Break of 79.20 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

80.001
79.854
79.6217
79.4743
79.2417
79.0943
78.8617

Tuesday 29th May 2012

Daily Report

USDCHF

TECHNICAL OVERVIEW

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

0.96970
0.96491
0.96236
0.95757
0.95502
0.95263
0.94768

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