Advanced Micro Devices, Inc plans to sell semiconductor units with six-core processors in direct competition with rival Intel Corp.

Barr Pharmaceuticals Inc reported a first-quarter profit that missed analyst estimates and lowered its full-year earnings estimates.

Costco Whsl Corp New reported a solid 8% sales gain early Thursday, topping the forecast of a 6.1% gain.

Crocs Inc forecast full-year profit of $1.70 to $1.80 a share excluding costs to close a factory, above analysts’ forecasts.

Drs Technologies Inc is in advanced talks to the purchase New Jersey military electronics defense company. The price is expected to be a significant premium to DRS's closing price, likely greater than 25%, according to the Wall Street Journal.

The Gap, Inc forecast first-quarter profit of as much as 32 cents a share, including a $15 million pretax benefit, beating analysts’ forecasts.

The maker of Monster energy drinks Hansen Natural Corporation reported first-quarter profit of 29 cents a share, missing the average analyst estimate of 37 cents.

News Corp said third-quarter profit tripled on a gain from selling a stake in DirecTV Group Inc. and increased advertising sales from ``American Idol'' and the Super Bowl.

Wal-Mart Stores, Inc reported April sales that topped the upper end of its guidance, as sales at U.S. stores open at least a year rose 3.2%, excluding gasoline sales.

David Cohenfrom Action Economics: “The next Fed’s move will be a rate hike -- we can't rule out a rate hike in the U.S. by the end of the year.”

EUR/USD dithering in the $1.5420/00 area. Traders say that the close back over $1.5340/60 key pivot level will point to further rally. Stops set at morning highs at $1.5443.

The euro rose from an eight-week low against the dollar after European Central Bank President Jean- Claude Trichet said inflation remains the bank's top priority, signaling policy makers won't cut interest rates anytime soon.
The ECB has avoided rate cuts to curb inflation even amid concern that the fallout from the U.S. subprime-mortgage crisis will spread to Europe, slowing growth. Consumer prices rose 3.3% in April from a year earlier after increasing 3.6% in March, the most in almost 16 years. The ECB has left rates unchanged at 4.0% since June last year.
The European Union said yesterday retail sales declined 1.6% in March from a year earlier, the biggest drop since the data began in 1995.
The British pound rose against the dollar after the Bank of England kept interest rates unchanged at 5%.

The latest client poll from Lehman Brothers.
1. This is the peak: $122 - 10%;
2. $125-$150 - 47%;
3. $150-$175 - 28%;
4. $175-$200 - 12%;
5. $200-$250 - 0%;
6. $250+ - 3%.

EUR/USD: $1.5350, $1.5550
USD/JPY: Y104.05, Y105.90, Y106.00, Y102.35, Y102.05
GBP/USD: $1.9690
AUS/USD: $0.9450, $0.9475, $0.9510
USD/CAD: C$1.0100

Peter Spencer, chief economic advisor to the ITEM Club: “Today's vote to keep the bank base rate at 5% was probably very close given the conflicting indicators on the economy and inflation.”

Mark Wan, chief analyst at Hang Seng Investment Services Ltd: “The currency market is pushing up the dollar and shares the view that the U.S. economy is getting better.”

Stocks inched higher Thursday, bouncing after the previous session's big selloff, as investors welcomed some positive retail sales from Wal-Mart Stores and other chains and a bigger-than-expected drop in weekly jobless claims.
The world's largest retailer Wal-Mart Stores reported April sales at stores open a year or more beat its own forecast. However, the company was wary about the overall consumer spending outlook and forecast May sales would be flat to up 2%.
Among other chain stores reporting April sales, Costco reported an 8% increase in sales versus forecasts for an increase of 6.1%, while Gap posted a worse-than-expected decline of 6%.
The number of Americans filing new claims for unemployment fell by 18,000 last week to 365,000. Economists thought claims would post a narrower drop to 375,000 new claims.
U.S. light crude oil for June delivery fell 18 cents to $123.35 after settling at a record $123.53 a barrel on the New York Mercantile Exchange Wednesday.

EUR/USD spiked to highs at $1.5440 just ahead of the London fix before retreating to $1.5400.

Michael Sacchitello from Stone & McCarthy says on S&P500: “Hourly charts increases the risk of 1382 being tested by Friday. If this level fails, the case for a new wave lower would certainly gain weight.”

USD/CHF exposed stops under Chf1.0500 sliding to a new session lows on Chf1.0480. Bids seen placed down to Chf1.0480 with stops below, which if triggered seen opening a deeper move toward Chf1.0465/45, one trader suggests.

USD/JPY fell below Y104.00 to a new session low on Y103.50. Bids noted earlier Y103.50, now said to extend to Y103.45.

Gary Bigg, an economist at BOA says with automobile manufacturers announcing production cutbacks, financial services firms scaling back and construction employment at risk due to high inventories, "we expect to see initial and continuing claims at elevated levels in the months ahead."

The major indices trended a bit higher, but have since dipped toward the neutral line.
The financial sector (-0.6%) is a laggard for the second straight session, currently trading with a loss. Continued weakness is reflected in AIG (AIG 44.79, -0.30), which was the subject of a negative article in today's edition of The Wall Street Journal regarding possibly weakened prospects.

The pare presses higher against the backdrop of further Trichet remarks and now overtaking $1.5370/75 area that had capped earlier gains, perhaps finding some light stops. Supply still said layered to $1.5400 area but being eroded with euro trade to $1.5385 or so.

The major indices are off to a positive start Thursday, attempting to reclaim a portion of yesterday's losses.
Several key retailers reported positive same-store sales results for April. Wal-Mart (WMT 57.21, +0.38) reported an increase of 3.2%, excluding fuel sales. Costco (COST 71.24, -0.84) announced 8.0% growth and BJ's Wholesale (BJ 38.34, -0.60) saw a 17.8% increase. Target (TGT 52.38, -1.06) announced growth of 3.1%, though the results were slightly below what the company planned.

Stocks looked set to recover from the previous session's sharp fall Thursday, amid hopes for a recovery in sales among the nation's largest retailers in April (S&P futures vs fair value: +6.6. Nasdaq futures vs fair value: +9.5). Stock futures continue to indicate a positive start after traders received the latest jobless claims data. Initial jobless claims for the week ending May 3 totaled 365,000, which is below the consensus forecast of 370,000 claims. The prior week's jobless claims were revised higher to 383,000 from 380,000.
Wal-Mart Stores the world's largest retailer, reported April sales that topped the upper end of its guidance, as sales at U.S. stores open at least a year rose 3.2%, excluding gasoline sales. It had previously said it expected a 1% to 3% rise in that measure, known as same store sales, and analysts surveyed by Thomson Reuters had been looking for a 2.1% rise.
Sales of Wal-Mart, a Dow component, shot up 1.5% in pre-market trading on the report.
Overall, analysts are looking for major retail chains to report a 2.5% gain in same-store sales.
Discount retailer Costco Wholesale also reported a solid 8% sales gain early Thursday, topping the forecast of a 6.1% gain. But it was helped by strong sales of gasoline and at locations outside the United States. Sales at its U.S. stores excluding gas were still up 5%.

- HICP likely to moderate only gradually later this year

- Capacity utilisation is high
- Employment has increased, unemployment has fallen
- Purchasing power dampened by higher commodity prices
- Possible disorderly unwinding of global imbalances a risk
- Strong upward pressure on inflation in the short term

- Uncertainty remains unusally high
- Tensions in markets persist
- Maintaining price stability is out primary objective
- ECB strongly committed to preventing second round effects
- Current monetary policy stance to contribute to our objective
- Will continue to monitor very closely all developments

The euro fell to an eight-week low against the dollar on speculation the European Central Bank will signal concern that economic growth is slowing after leaving interest rates unchanged today. ECB left rates unchanged at 4.00%. ``The euro is falling today because investors are positioning for a possible shift in rhetoric during the conference,'' said Michael Klawitter, currency strategist at Dresdner Kleinwort in Frankfurt. ``They might emphasize more on downside risks to growth this time.''

The 15-nation currency declined for a second day after the Financial Times cited unidentified senior officials from Europe and the U.S. saying they want to see the dollar rise. The British pound traded near a 2 1/2-month low versus the dollar as the Bank of England left the rates unchenged at 5.00%.

EUR/USD having tested support at $1.5280 rebounded later to $1.5375. Bids rest at $1.5300/85. Offers $1.5370/1.5400
GBP/USD traded within $1.9500/40 before posted high at $1.9612. The cable setled around $1.9580 after BOE rate decision.
USD/JPY gained from Y103.65 to Y104.30. Bids Y103.70/50, Y103.20/00. Offers Y104.50/60, Y104.90/00.

Focus turns to the ECB press briefing which begins at 1230GMT. US data starts at 1230GMT, when initial US jobless claims are expected to fall 4,000 to 376,000 in the May 3 week, remaining near theelevated level of the previous week. US data continues at 1400GMT with wholesale inventories for March, while at 1430GMT, Treasury Secretary Henry Paulson is due to speak about the US economic stimulus package, in Kansas City, Missouri.

The ECB interest rate decision is due at 1145GMT and is followed at 1230GMT by the press conference chaired by ECB President Jean-Claude Trichet, which is taking place in Athens. The ECB is clearly expected to leave its key Refi rate unchanged at 4.00%, which will leave
the focus on the press conference at 1230GMT.

With Inflation growing at a 3.3% yearly rate, the Bank can not raise interest rates easily with the Euro running at the highest levels ever, harming thereby European exports and weakening business as well as consumer confidences further in the Euro Area.

The euro fell to an eight-week low against the dollar and had its biggest decline in almost two months versus the yen on speculation the European Central Bank will signal concern today that economic growth is slowing.
Policy makers will leave the key rate on hold today, according to a Bloomberg survey, and ECB President Jean- Claude Trichet will give a press conference later. The yen rose as slumping Asian stocks prompted investors to sell higher-yielding holdings funded in the Japanese currency.
``The euro is falling today because investors are positioning for a possible shift in rhetoric during the conference,'' said Michael Klawitter, currency strategist at Dresdner Kleinwort in Frankfurt. ``They might emphasize more on downside risks to growth this time.''
The European Union said yesterday retail sales declined 1.6 percent in March from a year earlier, the biggest drop since the data began in 1995.
``The slowdown shown in recent euro-zone data is starting to weigh on the euro,'' BNP Paribas SA analysts led by Hans- Guenter Redeker wrote in a research note yesterday. Any gains in the pound are ``likely to prove short lived and limited, providing a renewed selling opportunity.''
The euro may fall to $1.48 at the end of this year, while the pound may decline to $1.92, BNP Paribas forecast.
The euro also weakened against the dollar after the Financial Times said the U.S. intended the April 11 statement from the Group of Seven finance ministers and central bankers to signal it doesn't want the dollar to decline further, citing an unidentified senior U.S. official.

This will come against the backdrop of the May Inflation Report. However, the BoE looks unlikely to go for a back-to-back rate cut in May having already cut in April. BoE's MPC will feel the pressure for a rate cut to 4.75% after the 25 bp cut approved at lat month’s meeting. Nevertheless, the risk of feeding inflation, currently running at a 2.5% year on year pace, and with food and energy prices not giving any hints of moderation, committee member should be inclined against lower rates, which could add upward inflationary pressure as well as weaken the Sterling.

Resistance 3: Y106.30
Resistance 2: Y105.60
Resistance 1: Y104.90
Current price: Y104.09
Support 1: Y103.60

Support 2: Y103.20

Support 3: Y102.60

Comments: Dollar is under pressure. Support is near today's low on Y103.60, then – at Y103.20 with a break under will widen losses to Apr 22-23 lows around Y102.60/70. The nearest resistance is session high at Y104.90. Above there is a room for a rise up to Y104.90, then – to Y105.60.

Resistance 3: Chf1.0730

Resistance 2: Chf1.0670
Resistance 1: Chf1.0620
Current price: Chf1.0555

Support 1: Chf1.0540
Support 2: Chf1.0420

Support 3: Chf1.0330

Comments: Dollar tries to get momentum for a lift higher. Strong resistance comes at yesterday's high on Chf1.0620. Above the target comes at Chf1.0670 and Chf1.0730 (Feb 01 high)The nearest support is at Chf1.0540. Below there is a risk of sliding to Friday's low at Chf1.0420 and then – to Apr 30 lows on Chf1.0330

Resistance 3: $1.9770

Resistance 2: $1.9660
Resistance 1: $1.9620

Current price: $1.9585
Support 1: $1.9500

Support 2: $1.9450
Support 3: $1.9360

Comments: Cable trades not far from tofday's low at $1.9500, with losses possibly extending to $1.9450 and lower- till Feb lows at $1.9360. The nearest resistance is 50% of yesterday's fall $1.9620, than comes $1.9660, and $1.9770.

Resistance 3:$1.5590

Resistance 2: $1.5530

Resistance 1: $1.5360

Current price: $1.5338

Support 1: $1.5280
Support 2: $1.5230
Support 3: $1.5140

Comments: Euro continues to dip.The nearest support is near session low on $1.5280? further sales may widen till $1.5230 and March 5 low at $1.5140. Lift above $1.5360 will open a way to yesterday's high on $1.5530/40 and than to May 6 high at $1.5590.

EUR/USD $1.5300, $1.5390, $1.5400, $1.5500
USD/JPY Y105.90, Y106.00, Y103.50
GBP/USD $1.9600
EUR/GBP stg0.7810
AUD/USD $0.9365
Kiwi; $0.7800

Break above $1.9550 and $1.9580 triggers stops, with the added momentum taking the rate up to highs of $1.9614, while euro-sterling able to extend its corrective pullback (from Wednesday's highs of stg0.79215) to stg0.7822. Cable offers now seen placed between $1.9620/30, more toward $1.9650 with stops placed on a break above $1.9660. Stronger offers then noted between $1.9700/10. Traders suggest that demand triggered by an order for the 0900GMT fix and expect sterling to pare back gains after the fixing time. Bids seen in place back at broken resistance at $1.9580 and $1.9550.

Extended its rally to C$1.0131 in Asian trade, after rate had pushed up in late local trade Wednesday from C$1.0020 to C$1.0098. Move given momentum after stops were targeted and triggered on the break above C$1.0100, with system and macro accounts providing the main demand as they covered back shorts, traders say. Rate has since slipped lower, easing under C$1.0100 in early Europe to currently trade around C$1.0090. Strong oil continues to keep an underlying firm tone toward the Canadian dollar. Bids seen placed back at C$1.0005/95, stronger around C$0.9990. Offers C$1.0130/35, more between C$1.0145/55.

The dollar rose against the euro and the yen as U.S. productivity unexpectedly accelerated in March while Europe showed signs of an economic slowdown.
The pound fell to a 2 1/2-month low against the dollar after an industry report said U.K. consumer confidence declined last month to the weakest in at least four years.
The U.S. currency strengthened as the Labor Department reported that productivity unexpectedly accelerated in the first quarter, indicating the world's largest economy can expand with lower inflation. The U.S. currency will rise to $1.47 against the euro in three months because the Fed may not lower interest rates any further, according to UBS AG, the world's second-biggest currency trader.
U.S. productivity rose at a 2.2 percent annual rate in the first quarter after a 1.8 percent gain in the prior quarter, the Labor Department said today in Washington. The median forecast of 69 economists surveyed by Bloomberg News was for the measure of worker efficiency to advance at a 1.5 percent annual pace.
The British pound dropped more than 1 percent versus the Canadian dollar and the South African rand after Nationwide Building Society said an index of sentiment in the U.K. declined to the lowest level since data began in May 2004.

EUR/USD fell from $1.5535 to $1.5360/95.
GBP/USD retreated from $1.9730 to a low at $1.9500, before to be back till $1.9540.
USD/JPY prnted high at Y105.60 before sliding to Y104.60.

Interest rate announcements dominate the calendar in Europe on Thursday. German March industrial output is due at 1000GMT and is expected to come in at -0.4% m/m, 4.9% y/y. US data also starts at 1230GMT, when initial US jobless claims are expected to fall 4,000 to 376,000 in the May 3 week, remaining near theelevated level of the previous week.
At 1100GMT, the Bank of England Monetary Policy Committee interest rate is due announcement. This will come against the backdrop of the May Inflation Report. However, the BoE looks unlikely to go for a back-to-back rate cut in May having already cut in April. The ECB interest rate decision is due at 1145GMT and is followed at 1230GMT by the press conference chaired by ECB President Jean-Claude Trichet, which is taking place in Athens. The ECB is clearly expected to leave its key Refi rate unchanged at 4.00%, which will leave the focus on the press conference at 1230GMT.US data continues at 1400GMT with wholesale inventories for March, while at 1430GMT, Treasury Secretary Henry Paulson is due to speak about the US economic stimulus package, in Kansas City, Missouri.

closing
Nikkei 225 +53.22 +0.4% 14,102.48
Topix +15.89 +1.2% 1,393.28
FTSE 100 +45.80 +0.74% 6,261.00
CAC 40 +34.39 +0.68% 5,075.31
Xetra Dax +59.15 +0.84% 7,076.25
DOW -207.05 -1.59% 12,813.78
NASDAQ -44.82 -1.80% 2,438.49
S&P 500 -25.69 -1.81% 1,392.57
10yr Note -0.2600 -0.067% 3.867%
NYMEX Crude Oil +1.69 +1.39% 123.53
Gold -6.50 -0.74% 871.20

Japanese stocks rose to the highest in four months, led by Inpex Holdings Inc. after supply concerns sent crude oil to a record and commodities prices climbed.
Inpex, Japan's biggest oil explorer, had its biggest gain since listing two years ago. Crude rose as much as a 10nth to over $122 per barrel since Japan's stocks last traded on May 2, while Goldman Sachs Group Inc. said oil could reach $200. Mizuho Financial Group Inc., with $5.4 billion in losses related to U.S. mortgages, gained on speculation the housing slump is easing.
Inpex soared 13 percent to 1.28 million yen, the steepest gain since its listing in April 2006. Mitsubishi Corp., which generates more than half of its profit from trading raw materials including oil, rose 6.7%, the sharpest gain since Feb. 4. Idemitsu Kosan Co., the nation's second-largest refiner, soared by a record 11%.
Nomura Holdings Inc., Japan's largest brokerage, gained 2.5%. Smaller rival Daiwa Securities Group Inc. rose 4.9%. Mizuho, Japan's third-biggest bank by market value, gained 2.8%, headed for the highest close since Dec. 26. Mitsubishi UFJ Financial Group Inc., the country's biggest lender, advanced 2.6%.

European stocks rose for the first time in three days after earnings from Lafarge SA, Deutsche Boerse AG and British American Tobacco Plc beat analysts' estimates. U.S. index futures and shares in Asia fell.
Lafarge rallied the most this year after the world's largest cement maker said profit rose, led by emerging markets. Deutsche Boerse climbed after Europe's biggest exchange posted a 58 percent increase in first-quarter profit, and British American Tobacco reached a one-week high.
Nokian Renkaat Oyj, the Nordic region's biggest tiremaker, jumped 14%, the most in the Stoxx 600, after sales in Russia fueled better-than-expected earnings. TomTom NV, a maker of navigation devices, led technology stocks higher on speculation it will receive European approval to buy mapmaker Tele Atlas NV.
Deutsche Boerse gained 3.2 percent to 103.61 euros after first-quarter profit rose to 304.2 million euros ($472.3 million), buoyed by derivatives trading. The exchange was expected to report net income of 254 million euros, according to the median estimate of five analysts surveyed. Commerzbank AG added 1.6%. Germany's second-largest bank by assets said first-quarter profit declined 54 percent to 280 million euros as the collapse of the U.S. subprime market led to writedowns and lower trading income. That was in line with the 282 million-euro median estimate of 13 analysts surveyed. France Telecom SA gained 1.4%. Europe's third-largest phone company said first-quarter sales climbed 1.4 percent to 13 billion euros as mobile subscriber gains in Poland and its home market more than made up for a drop in U.K. wireless revenue. That was in line with analysts' estimates.

Stocks fell Wednesday as investors eyed quarterly results from Cisco and Disney, mixed economic news and record oil prices.
Economic reports showed further weakness in housing and some strength in worker productivity. The productivity report's inflation component eased, but with record oil and gas prices, worries about pricing pressure remain a drag.
The Pending home sales index, a measure of the number of homes under contract to sell, dipped 1% in March, according to an industry report released Wednesday. The decline was in line with expectations.
Worker productivity rose at a better-than-expected 2.2% annual rate in the first quarter, the government reported Wednesday. Unit labor costs, the report's inflation component, slowed to an annual rate of 2.2% from 2.8% in the fourth quarter of 2007.
Walt Disney (DIS) reported earnings of $0.58 per share, topping expectations by seven cents. Cisco Systems (CSCO) beat its earnings estimate by two cents, and guided its fiscal fourth quarter in-line with expectations, but said the U.S. market has softened. Sprint Nextel (S) and Clearwire (CLWR) announced they have entered into a a definitive agreement to combine their wireless broadband businesses to form a new wireless communications company, named Clearwire.

The euro fell to an eight-week low against the dollar on speculation the European Central Bank will signal concern that economic growth is slowing after leaving interest rates unchanged today.

The 15-nation currency declined for a second day after the Financial Times cited unidentified senior officials from Europe and the U.S. saying they want to see the dollar rise. The British pound traded near a 2 1/2-month low versus the dollar before today's meeting of the Bank of England. The yen rose as a slump in Asian stocks prompted investors to sell higher-yielding holdings funded in the Japanese currency. The euro has lost 4.4 percent since April 22, when it reached a record high of $1.6019. The ECB will keep its benchmark rate at 4 percent today, while the BOE will leave borrowing costs at 5 percent, according to surveys.

EUR/USD retreated from $1.5400 to support at $1.5280 trying to rebound later.
GBP/USD traded within $1.9500/40.
USD/JPY fell from a high at Y104.90 to к Y104.17.

Interest rate announcements dominate the calendar in Europe on Thursday. German March industrial output is due at 1000GMT and is expected to come in at -0.4% m/m, 4.9% y/y. US data also starts at 1230GMT, when initial US jobless claims are expected to fall 4,000 to 376,000 in the May 3 week, remaining near theelevated level of the previous week.
At 1100GMT, the Bank of England Monetary Policy Committee interest rate is due announcement. This will come against the backdrop of the May Inflation Report. However, the BoE looks unlikely to go for a back-to-back rate cut in May having already cut in April. The ECB interest rate decision is due at 1145GMT and is followed at 1230GMT by the press conference chaired by ECB President Jean-Claude Trichet, which is taking place in Athens. The ECB is clearly expected to leave its key Refi rate unchanged at 4.00%, which will leave the focus on the press conference at 1230GMT.US data continues at 1400GMT with wholesale inventories for March, while at 1430GMT, Treasury Secretary Henry Paulson is due to speak about the US economic stimulus package, in Kansas City, Missouri.

- Inflation upturn may last longer than thought
- Capacity utilization high, unemployment low
- Some signs Sweden slowdonw not too severe
- Sweden financial sector faring well amid turmoil

Japanese stock indices ended Thursday's session lower, close to the day's lows, as stocks followed the US lower. The benchmark Nikkei 225 was down 159.22 points, or 1.13%, at 13943.26. The broader-based TOPIX gave up 20.33 points to stand at 1372.95.

Resistance 3: Y106.30
Resistance 2: Y105.60
Resistance 1: Y104.90
Current price: Y104.20
Support 1: Y103.90

Support 2: Y103.20

Support 3: Y102.60

Comments: Dollar is under pressure. Support is near today's low on Y103.90, then – at Y103.20 with a break under will widen losses to Apr 22-23 lows around Y102.60/70. The nearest resistance is session high at Y104.90. Above there is a room for a rise up to Y104.90, then – to Y105.60.

Resistance 3: Chf1.0730
Resistance 2: Chf1.0670
Resistance 1: Chf1.0620
Current price: Chf1.0581

Support 1: Chf1.0540
Support 2: Chf1.0420

Support 3: Chf1.0330

Comments: Dollar tries to get momentum for a lift higher. Strong resistance comes at yesterday's high on Chf1.0620. Above the target comes at Chf1.0670 and Chf1.0730 (Feb 01 high)The nearest support is at Chf1.0540. Below there is a risk of sliding to Friday's low at Chf1.0420 and then – to Apr 30 lows on Chf1.0330.

US index futures are trading higher Thursday, helped by the rallying dollar. The S&P June contract was last 1.90 pointshigher at 1397.20, with the Nasdaq June contract up 4.50 points at 1965.00.

- EU economy is resisting well
- Euro dampening energy prices
- Forex rates should better reflect economic fundamentals

Resistance 3: $1.9730
Resistance 2: $1.9620
Resistance 1: $1.9540
Current price: $1.9514
Support 1: $1.9500
Support 2: $1.9450
Support 3: $1.9360
Comments: Cable trades not far from tofday's low at $1.9500, with losses possibly extending to $1.9450 and lower- till Feb lows at $1.9360. The nearest resistance is asian high at $1.9540, than comes $1.9620/30, and yesterday's high at $1.9730.

Resistance 3:$1.5590
Resistance 2: $1.5530

Resistance 1: $1.5360
Current price: $1.5296

Support 1: $1.5280
Support 2: $1.5230
Support 3: $1.5140

Comments: Euro continues to dip.The nearest support is near session low on $1.5280? further sales may widen till $1.5230 and March 5 low at $1.5140. Lift above $1.5360 will open a way to yesterday's high on $1.5530/40 and than to May 6 high at $1.5590.

High Low Close
EUR/USD 1.5536, 1.5365, 1.5394
USD/JPY 105.56, 104.58, 104.63
GBP/USD 1.9732, 1.9501, 1.9540
USD/CHF 1.0591, 1.0510, 1.0545

EUR/JPY 163.05, 160.99, 161.12
EUR/GBP 0.7916, 0.7858, 0.7876
GBP/JPY 206.88, 204.22, 204.47
GBP/CHF 2.0773, 2.0581, 2.0605

Change % Change Last
Nikkei 225 +53.22 +0.4% 14,102.48
Topix +15.89 +1.2% 1,393.28
FTSE 100 +45.80 +0.74% 6,261.00
CAC 40 +34.39 +0.68% 5,075.31
Xetra Dax +59.15 +0.84% 7,076.25
DOW -207.05 -1.59% 12,813.78
NASDAQ -44.82 -1.80% 2,438.49
S&P 500 -25.69 -1.81% 1,392.57
10yr Note -0.2600 -0.067% 3.867%
NYMEX Crude Oil +1.69 +1.39% 123.53
Gold -6.50 -0.74% 871.20

06:00 Germany Current account (March) unadjusted, bln 15.4
06:00 Germany Trade balance (March) unadjusted, bln 16.9
10:00 Germany Industrial production (March) unadjusted Y/Y 10.1%
10:00 Germany Industrial production (March) adjusted Y/Y 6.1%
10:00 Germany Industrial production (March) adjusted 0.4%
11:00 UK BoE meeting announcement 4.75% 5.0%
11:45 EU(15) ECB meeting announcement 4.0% 4.0%
12:30 USA Jobless claims (week to 03.05)
12:30 EU(15) ECB press conference
14:00 USA Wholesale inventories (March) 0.4% 1.1%
20:30 USA M2 money supply (28.04), bln