Fx Daily Report - PDF by vzk39560

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									                                                                                                   Fx Daily Report
                                                                   CORPORATE AND INVESTMENT BANKING
                                                                                                                    THURSDAY, MARCH 4, 2010

ECONOMIC RELEASE
                                                                                                          Believe it or Not
EZ                                                                                                        Forget funding scandals or budget and foreign
GDP q/q, Last 0.4% Exp 0.1% , y/y Last -4.1% Exp -2.1%.                                                   policy rifts:The big fuss in Japan's parliament on
                                                                                                          Wednesday was over three cabinet ministers
ECB rate, Last 1.00 % Exp 1.00%.                                                                          turning up late for debate.The upper house budget
                                                                                                          committee meeting had been scheduled to begin
GB                                                                                                        at 8:50 a.m. but had to be delayed until the three
BOE rate, Last 0.5% Exp 0.5%.                                                                             showed up, leading to an uproar from the
                                                                                                          opposition and a short recess. When the trio-
                                                                                                          internal affairs minister, transport minister and
US                                                                                                        national strategy minister-arrived, they bowed
                                                                                                          before the commitee and apologised!!!!!!!
Jobless claims k, Last 496 Exp 470. Factory Orders, Last 1.0% Exp 1.8%.
Pending Homes, Last 1.00% Exp 1.00%

TECHNICAL ANALYSIS
             SUPPORT         SPOT         ∆      RESISTANCE                                               COMMENTS

                                                                   Euro managed to close above 1.3660 taking our stop at 1.3725 to extend its correction
EUR/USD    1.3475 - 1.3660   1.3680     0.32%    1.3843 - 1.4026   with a possible move towards 1.3843. For today, we forecast a 1.3575/1.3843 range
                                                                   ahead of tomorrow unemployment numbers.

                                                                   USD/JPY remains soft and on a negative trend heading South towards 87.14. Selling on
USD/JPY     86.50 - 87.14    88.33      -0.53%    88.50 - 90.94    rallies is still favored as no sign of recovery for the dollar against the Japanese currency
                                                                   yet.

                                                                   CABLE hit our 1.5109 target yesterday and closed slightly below it. This correction may
GBP/USD    1.4499 - 1.4781   1.5065     0.17%    1.5109 - 1.5267   push higher towards 1.5267 before the downtrend resumes. For today, we forecast a
                                                                   1.4950/1.5175 trading range.

                                                                   USD/CHF is lacking for a direction as the story remains the same for the last 10 days.
USD/CHF    1.0450 - 1.0612   1.0701     -0.27%   1.0892 - 1.1045
                                                                   1.0612/1.0892 seems fitting well the Swiss Franc and we maintain this range for today.



  AROUND THE WORLD                                                          INTERBANK RATES
                                                                                                    USD            EUR             GBP             JPY
  CURRENCY COUNTRY                    RATE               ∆                  LIBOR
  USD / LBP                       1500.00             0.00%                1   MONTH             0.22813          0.414         0.54000        0.15688
                                                                           3   MONTHS            0.25194          0.655         0.64375        0.25250
  AUD / USD                          0.9020           -0.33%
                                                                           6   MONTHS            0.38319          0.957         0.87000        0.45375
  USD / CAD                          1.0320           -0.21%               1   YEAR              0.83438          1.214         1.30000        0.68000
  USD / BRL                          1.7900           -0.13%                PRIME RATE             3.25                           0.50           1.65
  USD / AED                          3.6725           0.00%
  USD / SAR                          3.7500           0.00%                BEIRUT STOCK EXCHANGE
  USD / KWD                          0.2880           -0.17%
                                                                              USD         CLOSING           ∆         VOLUME          HIGH          LOW
  USD / JOD                          0.7085           0.00%                SOL A            21.95         0.05%        20,835         22.00         21.85
                                                                           SOL B            21.89        -0.09%        33,794         22.00         21.51
  XAU           GOLD              1135.50             0.06%                HOLCIM           12.07         0.17%         1,580         12.15         11.81
  XAG           SILVER             17.12              0.71%                AUDI GDR         90.00         0.00%           0              -             -
                                                                           BLOM             95.40         0.00%           0              -             -
  WTI           OIL                   80.87           1.49%
                                                                           BYBLOS           2.10          0.48%        80,000          2.10          2.10


                                                                                                                           Fx Daily Report - 1/2
                                                                                                 Fx Daily Report
                                                                  CORPORATE AND INVESTMENT BANKING
                                                                                                               THURSDAY, MARCH 4, 2010

STOCK INDICES                                                                                         SG PARIS                        42.8600      2.00%


DOW JONES                       10,396.76 -0.09%        CAC 40                  3,842.52 0.80%        NIKKEI                        10,145.72 -0.86%
NASDAQ                           2,280.68 0.00%         FTSE                    5,533.21 0.90%       HANG SENG                      20,766.25 -0.70%
S&P500                           1,118.79 0.04%         GDAX                    5,817.88 0.72%       SHANGHAI                        3,059.39 -0.67%


EUROBONDS
                                               COU PON           MATUR ITY                   PRICE                             YIELD
                                09 /03/1 0                                             Bid           Ask            Yie ld-B id     Y ield-Offe r

LEBANON     MAY 1 1                USD            7.8 7 5%       20 -May-11            105.2 50      106.750          3.3 6%            2 .13 %
LEBANON     AUG 11                 USD            7.5 0 0%       02 -Au g-1 1          105.5 00      107.000          3.4 3%            2 .37 %
LEBANON     MAR 12                 USD            7.5 0 0%       1 9-M ar-12           106.5 00      108.250          4.1 2%            3 .26 %
LEBANON     SEP 12                 USD            7.7 5 0%       07 -S ep-1 2          108.5 00      110.250          4.1 3%            3 .43 %
LEBANON     MAR 13                 USD            9.1 2 5%       1 2-M ar-13           112.7 50      114.000          4.5 4%            4 .13 %
LEBANON     JU N 13                USD            8.6 2 5%       20 -Ju n-1 3          112.2 50      113.500          4.5 6%            4 .18 %
LEBANON     APR 14                 USD            7.3 7 5%       1 4-Ap r-14           107.7 50      109.750          5.2 5%            4 .73 %
LEBANON     MAY 1 4                USD            9.0 0 0%       02 -May-14            114.2 50      115.750          5.1 4%            4 .77 %
LEBANON     JAN 1 5                USD            5.8 7 5%       1 5-J an-1 5          102.5 00      104.250          5.2 8%            4 .88 %
LEBANON     APR 15                 USD           10.0 0 0%       2 5-Ap r-15           119.5 00      121.250          5.5 7%            5 .22 %
LEBANON     AUG 15                 USD            8.5 0 0%       06 -Au g-1 5          112.7 50      114.500          5.7 2%            5 .37 %
LEBANON     JAN 1 6                USD            8.5 0 0%       1 9-J an-1 6          113.7 50      115.250          5.7 0%            5 .43 %
LEBANON     MAY 1 6                USD           11.6 2 5%       11 -May-16            129.7 50      131.750          5.8 2%            5 .49 %
LEBANON     MAY 1 7                USD            9.0 0 0%       2 0-M ar-17           118.5 00      119.500          5.7 6%            5 .61 %
LEBANON     APR 21                 USD            8.2 5 0%       1 2-Ap r-21           112.5 00      113.500          6.6 4%            6 .52 %
LEBANON     DEC 24                 USD            7.0 0 0%       04 -Dec-2 4           101.1 25      102.125          6.8 8%            6 .77 %




                                                                                         This report is for information purposes only. All
                                                                                         information herein is based on data obtained from
                                                                                         sources considered to be reliable. However, SGBL does
 CONTACT: DEALING ROOM 01.984 006 / 7                                                    not guarantee the accuracy of the data. Opinions and
 MONDAY TO FRIDAY FROM 7:45 AM TO 23:00 PM                                               estimates contained herein may change without notice.
                                                                                         This report is not intended to be and should not be
                                                                                         construed as an offer or solicitation to acquire, or
 CHARBEL GHARIOS | KARIM EL KHOURY | JOE KHALIL | RAMI HAJJAR                            dispose of any of the securities or issues mentioned in
                                                                                         this report.”




                                                                                                                    Fx Daily Report - 2/2

								
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