The Sterling under pressure, EURUSD trading in the region 1.3418-1.3531.

[RTFX-Trading]

What's new:

Germany: Business climate index came in lower for March at 82,1 (82,6 in February).
UK: CBI Distributive Trades lower than expected at -44 (Expected -25).
Zhou: Called for a new international currency to replace the greenback as the world's reserve currency.
FED: Started buying treasury bonds.
FED: Officials have different opinions.
EuroZone: Surprise rise in PMI.

Today:

13h30 United States: Durable Goods Orders.
14h00 Central Bank of Norway: Monetary Policy Decision
15h00 United States: New Home Sales

Overnight Ranges & Indices:

EURUSD: 1.3418 - 1.3531
USDCHF: 1.1247 - 1.1329
GBPUSD: 1.4558 - 1.4721
USDJPY: 97.36 - 98.35
DowJones: 7660 -1.49%
Nasdaq: 1234 -2.02%
Nikkei: 8480 -0.10%
CAC40 (12h30 CET): 2866.79 -0.26%
DAX30 (12h30 CET): 4172.94 -0.34%
FTSE (12h30 CET): 3888.71 -0.58%
SMI (12h30 CET): 4949.02 0.11%
Gold: $926
Crude Oil: 52.88 -2.04%

Comment:

The EURUSD reached daily low at 1.3418 before rising to 1.3425 after the Business climate index IFO for Germany for March came in lower
than the previous month. The level to watch therefore for today afternoon is between 1.3425 and 1.3525, waiting for US figures on Durable
Goods and New home sales to be published at 13h30 and 15h00.

The disappointing figures in UK CBI (-25 in February to -44 in March) led traders to sell GBP, which has reached the second resistance
against the euro at 0.9260 and the second support at 1.4583 against the greenback.

The Swiss Franc, increased after comments by the President of the Swiss National Bank (BNS), who declared that a stable Swiss economy is
expected in 2010, following a deteoration of 2.5% - 3.0% this year. He repeated that Switzerland is not interested in the battle of currencies and
that the last intervention to decrease the value of the Swiss Franc was necessary to stop the increase, that would increase inflationary risks in
Switzerland.


Good Afternoon,

Nicolas Longchamp
Trading desk.
Realtime Forex.
Geneva/Switzerland.