12.08.2004 (2:23am US Time)


TODAY`S US DATA:
08:30 Initial Jobless Claims (Aug 7)PREV. 336k FOR. 340k

08:30 Advance Retail Sales m/m (Jul) PREV.-1.1% FOR. 1.1%

08:30 Retail Sales ex Autos (Jul) PREV. -0.2% FOR. 0.4%

08:30 Import Price Index m/m (Jul) PREV. -0.2% FOR. 0.4%

10:00 Business Inventories (Jun) PREV. 0.4% FOR. 0.5%

14:00 FOMC Meeting Minutes


USD/JPY (CURRENT LEVEL 110.63) - YESTERDAY`S UNSUCCESSFUL TEST 111.40 REGION WEAKED USD NEARLY BY 100 PIPS BROKEN SUPPORT AT 110.70 REGION. MINIMUM DURING JAPANESE SESION - 110.48. NOW WE HAVE BACK TO 110.70/90.THE NEAREST SUPPORT 110.40.

EUR/USD (CURRENT LEVEL 1.2235) - SUPPORT AT 1.2200 HOLD. UNTILL US DATA WE HAVE RANGE 1.2220 - 1.2270. IN OUR OPINION NEXT DIRECTION DEPEND ON ABOVE-MENTIONED US DATA.

USD/CHF (CURRENT LEVEL 1.2580) - RESISTANCES - 1.2630/50 AND 1.2670/1.2700. SUPPORTS - 1.2570, 1.2530 1.2490. IT SEEM LIKE MARKET WAIT FOR TODA`S US DATA.

GBP/USD (CURRENT LEVEL 1.8307) - SUPPORT 1.8245 AND 1.8200, RESISTANCES - 1.8350 AND 1.8400.