MORNING BRIEFING: Volatile Day expected on the Swiss Franc today.

[RTFX-Trading]

MORNING BRIEFING: Volatile Day expected on the Swiss Franc today.

What’s new:
United States: BoA has finished paying the TARP.
Oil: lower, penalized by the increase in stocks of distillates.
United States: first increase in wholesale inventories for 14 months.
Spain: S & P warns against lowering the note.
England: GDP 2009 lowered forecasts, the GDP 2010 stand.
England's trade deficit in October was the highest since January 2009.
France: trade relapse in October.
Germany: trade surplus higher than expected.

Today:



Rates in Asia and Indices:
EURUSD: 1.4759 - 1.4692.
USDCHF: 1.0292 - 1.0247.
EURUSD: 1.6322 - 1.6215.
EURJPY: 130.36 - 129.04.
USDJPY: 88.38 - 87.73.
Dow Jones: 10'337 +0.50%.
NASDAQ: 2'183 +0.49%.
S & P 500: 1'095 +0.37%.
Nikkei: 9'862 -1.42%.
Shanghai: 3,242 +0.09%.
Gold: $1'128.
Crude oil: $70.55.

Comments:

The Japanese stock market is lower this morning, concerns about public finances of Greek and Spanish weigh on investor confidence. The Australian Dollar and New Zealand Dollar are up this morning, following the unexpected drop in unemployment in Australia to 5.70%, fueling expectations of further rate rise in Australia in February.

We expect volatility on the Swiss Franc today; the Swiss National Bank should announce a status quo on interest rates. Indications on non-conventional measures put in place since March, and information on intervention to prevent an appreciation of the Swiss Franc against the Euro will be the two subjects to be monitored.

Good day.

Nicolas Longchamp
RTFX Ltd
Head Office
The Cornerstone Complex, 16th September Square | Mosta MST 1180 | Malta
Tel:  +356 23 31 00 00
Fax: +356 21 41 24 58
Web: www.rtfx.com

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