Stocks trade at or near session lows in broad-based weakness. Within the S&P 500, 484 stocks are posting a loss, with 152 falling to fresh 52-week lows. Ford (F 1.28, -0.40) is one of the largest percent losers with a decline of 24%

Now extending losses to Y96.10 area in the wake of the FOMC minutes and as stocks retain steep losses, but talk earlier suggested some bids clustered around Y95.95/00. Some stops eyed sub Y95.70 with bids Y95.50/60.

Some members felt "additional policy easing could well be appropriate" but suggest there is only limited room for lowering FF rate further and this should be done slowly. Such suggests consideration of uantitative easing (details not specified). Fed cut its econ forecasts, to flat to +0.3% GDP in '08 and +0.2% to +1.1% GDP in '09 and said there was greater than normal uncertainty in the outlook. Also see unemployment rising to 7.1%-7.6% in '09, with risks for a worse outcome.

Stocks prices remain depressed in broad-based weakness. Decliners outpace advancers by nearly 9-to-1 on the NYSE and on the Nasdaq by 16-to-3.
The FOMC will release the minutes for its Oct. 29 meeting in about thirty minutes. At the meeting, the FOMC cut the target fed funds rate by 50 basis points to 1.00%, noting increased economic risks and decreased inflation risks. Since the meeting, the effective fed funds rate has averaged 0.29% as the Fed pumped massive amounts of liquidity into the system to stave off a financial market collapse.

Stocks trade near recently reached session lows. Treasuries continue to rally. The 10-year note is up 38 ticks, sending its yield down to 3.39%. The 30-year bond is up more than two points, sending its yield to 3.99%.
Gold prices are up only 0.4% to $735.40 per ounce after trading with a gain of 4.4% at $764.80 per ounce earlier this session. Gains were pared as the dollar recovered to the unchanged mark from a loss of 1.4%.

The yen advanced against the dollar and the euro as traders speculated a global drop in stocks will prompt investors to sell higher-yielding assets and pay back low-cost loans in Japan's currency. The Standard & Poor's 500 Index lost 2.7 percent.
``Everything is correlated to equities,'' said Firas Askari, head currency trader at BMO Capital Markets in Toronto. ``I don't believe risk appetite will recover any time soon, so the yen will still appreciate. The market seems fragile.''
The yen advanced 14 percent versus the dollar, 33 percent against the euro and 53 percent against the Australian dollar in the past three months as the global economy headed toward a recession.
Japan's currency reached a 13-year high of 90.93 per dollar last month, threatening exporters' earnings and reducing the value of Japan's U.S. government debt holdings.
``I would recommend a continuation pattern of buying the yen,'' said David Bloom, the London-based global head of currency strategy at HSBC Plc, Europe's biggest bank by market value. ``Don't throw your coin in the well and wait around listening for the bottom of the market. This financial crisis is not over.''

The major indices extend their declines, with the S&P 500 down more than 3% in broad-based weakness.
Shares of Yahoo! (YHOO 10.11, -1.44) extended losses after Microsoft's (MSFT 18.92, -0.70) CEO said the company is no longer interested in acquiring Yahoo, but is open to looking into a possible search collaboration. Yahoo shares gained 8.2% yesterday on news that Yahoo CEO Jerry Yang was stepping down, raising speculation that MSFT may show renewed interest.

The S&P 500 extends its decline to nearly 3% as selling pressure picks up. The financial (-6.6%), material (-3.5%) sectors have both hit fresh 52-week lows. Retailers (-4.1%) have also fallen to a new 52-week low.
General Mills (GIS 65.12, -0.21) reaffirmed its fiscal year 2009 guidance of earnings between $3.81 and $3.85 per share, which is short of the $3.90 consensus estimate.
Automakers (-16.1%) continue to decline as the House Financial Services Committee testimony continues. Reports that Toyota Motor (TM 61.00, -2.25) is cutting North American production is also weighing on U.S. automakers.

Now sets fresh lows for the session below $1.2580 in the wake of the London fixing, no doubt some skittish trading adding to the move but US stock weakness also contributing via euro-yen. Minor support at $1.2571, the Low 18 Nov.

Stocks briefly recover into positive ground, but renewed selling interest sends the stock market back into the red.
Gold futures are in rally mode, climbing 3.6% to $758.80 per ounce. Gold is benefiting from a 1.2% drop in the dollar.
U.S. automakers are currently testifying before the House Financial Services Committee, which follows their appearance before the Senate Banking Committee yesterday. Both Ford (F 1.49, -0.19) and General Motors (GM 2.75, -0.34) have fallen to multi-decade lows this session as many lawmakers are showing resistance to giving the automakers aid.

The stock market opens with modest losses. Consumer prices fell by the largest amount since at least 1947, fueled by a sharp drop in energy prices. Prices outside of energy also fell, reflecting the weak economy, and resulting in core CPI falling 0.1%.
Oil is up 1.2% to $55.05 per barrel as the dollar falls 1.0%. The government will release its weekly energy inventory data at 15:35 GMT.

Futures remain sharply lower on bleak housing reading, record decline in consumer prices. Investors keep Big Three bailout in focus.

More bad news emerged from the housing sector Wednesday as readings on housing starts and building permit sank to historic lows during the month of October. The Commerce Department said housing starts fell to an annual rate of 791,000 last month, down from the revised reading of 828,000 in the prior month. That represents the lowest level since the department began tracking starts in 1959.
And building permits plunged 12% last month to an annual rate of 708,000, breaking the previous low of 709,000 in March 1975. The annual rate for September was revised to 805,000, the government said.
Concerns about the housing slump pressured stocks a day earlier after a survey of homebuilders showed sentiment fell to yet another low in November.
But U.S. stocks managed to finish the day in positive territory. The Dow gained 1.8%, the S&P 500 index rose 1% and the Nasdaq composite ended little changed.
Overseas markets weren't buoyed, however, by the gains on Wall Street. Asian markets finished Wednesday's session lower and European stocks tumbled in morning trading.
Consumer prices also plunged by a record amount in October, the Labor Department reported. Its Consumer Price Index fell 1% last month, representing the biggest one-month decline in prices at the consumer level. Economists surveyed by Briefing.com anticipated a reading of 0.8% in October. The core CPI, which excludes the volatile food and energy prices fell 0.1% during the month. Economists had expected a 0.1% rise after a 0.1% jump in September.
On Tuesday, the government reported that the wholesale price of goods fell 2.8% in October, a record drop that was steeper than expected.
Big Three: Still, investors are expected to be paying close attention to what happens with the nation's Big 3 automakers.
Fed minutes: At 1900 GMT, the Fed releases the minutes from its Oct. 29 meeting. The central bank cut a key short-term interest rate by a half-percentage point to 1% at that meeting.
Companies: Stocks to watch include Boeing. The company is delaying jet deliveries by as much as 10 weeks as it attempts to recover from a strike by its machinists, according to a report in the Wall Street Journal. Oil prices fell 29 cents a barrel to $54.10 in electronic trading.

Has ebbed lower in US trading but remains around $1.2635 after peaking around $1.2660 early in the session after stops were gunned for. Traders report extremely muted flows, overnight $1.2590/1.2658 range says it all perhaps. Offers $1.2670, with stops atop $1.2700 from model accounts.

The following data were published:
09:30 UK BoE meeting minutes (05-06.11)The yen rose against the dollar as speculation U.S. lawmakers will fail to agree on a bailout for automakers cut demand for higher-yielding assets bought with funds borrowed in Japan.
The currency also gained against the Australian dollar and the British pound as a deepening global economic slump spurred stock losses in Asia and Europe. A $700 billion U.S. financial stability package isn't intended to prevent General Motors Corp., Ford Motor Co. and Chrysler LLC from collapsing, Treasury Secretary Henry Paulson said in a House hearing yesterday.
The dollar may extend declines before government reports today that economists say will show the housing recession at the heart of the U.S. economic downturn is deepening, bolstering the case for the Federal Reserve to cut interest rates.
The ICE's Dollar Index, a gauge of the greenback against the currencies of six major trading partners, snapped two days of gains as futures traders raised bets the Fed will lower borrowing costs in coming months. A U.S. report yesterday showed confidence among homebuilders dropped in November to the lowest level since record-keeping began in 1985.
Housing starts in the U.S. fell to a 780,000 annual pace in October, the lowest since records began in 1959, according to a Bloomberg News survey of economists. Building permits dropped to a 774,000 pace last month, the lowest since November 1981. The Commerce Department releases both reports at 13:30 GMT in Washington.
Futures on the Chicago Board of Trade show a 9 percent chance the Fed will reduce its 1 percent target rate for overnight bank loans to 0.25 percent by its Jan. 28 meeting, up from zero odds a day earlier.

EUR/USD bargained within the limits of $1,25,90-$ 1,2660.

The yen rose against the dollar as speculation U.S. lawmakers will fail to agree on a bailout for automakers cut demand for higher-yielding assets bought with funds borrowed in Japan.
The currency also gained against the Australian dollar and the British pound as a deepening global economic slump spurred stock losses in Asia and Europe. A $700 billion U.S. financial stability package isn't intended to prevent General Motors Corp., Ford Motor Co. and Chrysler LLC from collapsing, Treasury Secretary Henry Paulson said in a House hearing yesterday.
``The focus at the moment is on concerns about the U.S. auto sector and fears that Congress will not be able to cobble something together,'' said Steven Barrow, a currency strategist at Standard Bank Plc in London. ``That is helping to give the yen support.''
``I would recommend a continuation pattern of buying the yen,'' said David Bloom, the London-based global head of currency strategy at HSBC Plc, Europe's biggest bank by market value. ``Don't throw your coin in the well and wait around listening for the bottom of the market. This financial crisis is not over.''
The dollar may extend declines before government reports today that economists say will show the housing recession at the heart of the U.S. economic downturn is deepening, bolstering the case for the Federal Reserve to cut interest rates.
The ICE's Dollar Index, a gauge of the greenback against the currencies of six major trading partners, snapped two days of gains as futures traders raised bets the Fed will lower borrowing costs in coming months. A U.S. report yesterday showed confidence among homebuilders dropped in November to the lowest level since record-keeping began in 1985.
``The reports are likely to indicate the U.S. economy is deteriorating further,'' said Yuji Saito, head of the foreign- exchange group in Tokyo at Societe Generale SA, France's second- largest bank by market value. ``The Fed may cut rates more. It's negative for the dollar.''
Housing starts in the U.S. fell to a 780,000 annual pace in October, the lowest since records began in 1959, according to a Bloomberg News survey of economists. Building permits dropped to a 774,000 pace last month, the lowest since November 1981. The Commerce Department releases both reports at 13:30 GMT in Washington.
Futures on the Chicago Board of Trade show a 9 percent chance the Fed will reduce its 1 percent target rate for overnight bank loans to 0.25 percent by its Jan. 28 meeting, up from zero odds a day earlier.
``The dollar may face some selling pressure,'' said Masahiro Sato, joint general manager in Tokyo of the treasury division at Mizuho Trust & Banking Co., a unit of Japan's second-largest publicly listed lender. ``Traders will look for any signs of crisis at the Fed or anything that suggests rates will fall further.''

Resistance 3: Y199.45
Resistance 2: Y98.50
Resistance 1: Y97.40
Current price: Y96.84
Support 1: Y95.90
Support 2: Y94.40
Support 3: Y93.60
Comments: The yen bargains near former levels. Support Y95,90 is a level 61,8%FIBO growth Y94,40-Y98,30. Below possible decrease to Thursday's low on Y94,40 and further to level Y93,60 (76,4 % FIBO of growth Y90,90-Y100,55). Above yesterday's maximum on Y97,40 will open road to level Y98,50 (38,2%FIBO falling Y110,65-Y90,90). Then is possible growth to Y99,45 (high of November 10).

Resistance 3: Chf1.2215
Resistance 2: Chf1.2140
Resistance 1: Chf1.2085
Current price: Chf1.2061
Support 1: Chf1.2000
Support 2: Chf1.1960
Support 3: Chf1.1880
Comments: Tech hasnэt changed. The pair continues to bargain slightly above mark Chf1,2000 which for today is the nearest level of support. Overcoming of level Chf1,2000 will open road to Chf1.1960 (23,6 % FIBO of growth Chf1.1550-Chf1.2085), further are possible decrease to Chf1.1880 (38,2 %). The session high at level Chf1,2085 is the nearest resistance. Above is possible growth to Chf1,2140 (area of high of September of the last year and low of June and February of the last year) and further to Chf1,2215 (area of high of August 2008).

Resistance 3: $1.5370
Resistance 2: $1.5220
Resistance 1: $1.5060
Current price: $1.5047
Support 1: $1.4655
Support 2: $1.4555
Support 3: $1.4280
Comments: The pound tests resistance in the field of $1,5060 (38,2 % FIBO from falling $1,5880-$ 1,4555). Above are located levels $1,5220 (50,0 %) and $1,5370 (61,8 %). As the nearest support acts the area of Friday'a and Monday's low on $1,4655. Below is located the level of a low of the last Thursday on $1,4555 (the level $1,4530 is area of low of June 2002). Further decrease in area $1,4280 (low of April 2002) is possible.

Resistance 3: $1.2860
Resistance 2: $1.2790
Resistance 1: $1.2700
Current price: $1.2628
Support 1: $1.2510
Support 2: $1.2385
Support 3: $1.2330
Comments: Tech on euro hasn't changed. As the nearest support acts the level $1,2510 (aMonday's low). Overcoming of the given level will open road to $1,2385 (area of Friday's low). Below possible falling to two years low on $1,2330. The nearest resistance is the level $1,2700 (a line of resistance since October 14, and also the top border of a triangle). Further growth to $1,2790 (the price of closing of the last week) is possible. In case of continuation of growth by resistance will act the area $1,2860/80 ($1,2860 - a maximum of Thursday, $1,2880 - a level 38,2%FIBO falling $1,3765-$ 1,2330).

EUR/USD $1.2650, $1.2700, $1.2490, $1.2400, $1.3030
USD/JPY Y96.75, Y96.50, Y97.00, Y94.20/00, Y106.00
USD/CHF Chf1.2100
AUD/USD $0.6930

The Bank of England Monetary Policy Committee voted 9-0 to cut rates by 150 basis points on Nov 6, minutes of the meeting show. Although the MPC agreed the Inflation Report justified a cut of over 200bp, the MPC wanted to wait to assess new fiscal measures to be announced by the government before cutting more. The MPC also showed concern at the impact which too big a cut might have on financial markets, fearing it could lead to an excessive drop in sterling. The MPC decided it made sense to delay some of the needed rate cut in order to better explain the case for a large reduction. These minutes are consistent with at least a further 50bp rate cut at the Dec MPC meeting depending on the ambition of the Nov. 24 PBR.

The yen rose against the dollar as speculation U.S. lawmakers will fail to agree on a bailout for automakers damped demand for carry trades, buying higher- yielding overseas assets with funds borrowed in Japan.
The currency also gained against the Australian dollar and the British pound as a deepening global economic slump spurred Asian stock losses. A $700 billion U.S. financial stability package isn't intended to prevent General Motors Corp., Ford Motor Co. and Chrysler LLC from collapsing, Treasury Secretary Henry Paulson said in a House hearing yesterday.
The U.S. economy would suffer a ``catastrophic collapse'' if domestic carmakers fail, GM Chief Executive Rick Wagoner said yesterday. Three million jobs would be lost within the first year and government tax losses would total $156 billion over three years, Wagoner told a Senate panel.
The dollar may extend declines before government reports today that economists say will show the housing recession at the heart of the U.S. economic downturn is deepening, bolstering the case for the Federal Reserve to cut interest rates.
The ICE's Dollar Index, a gauge of the greenback against the currencies of six major trading partners, snapped two days of gains as futures traders raised bets the Fed will lower borrowing costs in coming months. A U.S. report yesterday showed confidence among homebuilders dropped in November to the lowest level since record-keeping began in 1985.
Housing starts in the U.S. fell to a 780,000 annual pace in October, the lowest since records began in 1959, according to a Bloomberg News survey of economists. Building permits dropped to a 774,000 pace last month, the lowest since November 1981. The Commerce Department releases both reports at 13:30 GMT in Washington.
Futures on the Chicago Board of Trade show a 9 percent chance the Fed will reduce its 1 percent target rate for overnight bank loans to 0.25 percent by its Jan. 28 meeting, up from zero odds a day earlier.
The dollar may also decline as economists say data today will show U.S. consumer prices fell 0.8 percent in October, the most since 1949, after being unchanged the previous month. The Fed will also today release minutes of its Oct. 29 meeting where policy makers cut rates by half a percentage point.

EUR/USD has been limited by frameworks $1,2600-$ 1,2650.

Japan's stocks fell, led by developers and insurance companies, on concern the slowing economy will reduce property demand and push up securities losses on company balance sheets.
The Nikkei 225 Stock Average broke 194.17, or 2.3 percent, to close at 8,328.41 in Tokyo, breaking a two-day gain. The broader Topix index slid 15.05, or 1.8 percent, to 835.44, with 22 of its 33 industry groups dropping.
Sony Financial Holdings Inc., operator of Japan's fifth-largest insurer by value, dropped 9.2 percent after first-half earnings fell by more than a quarter.
Japan's three biggest banks, including Mitsubishi UFJ Financial Group Inc., cut by more than half their full-year earnings forecasts in the past month as bad-loan costs rose. Tighter bank lending has contributed to 21 bankruptcies among Japan's property stocks this year, with the Dix Kuroki Co. becoming the latest failure last week.
The government confirmed yesterday Japan slid into its first recession since 2001 as overseas demand faltered and companies cut back investment. Economic and Fiscal Policy Minister Kaoru Yosano today said he isn't confident the nation's economy will rebound next fiscal year.
Mitsubishi Estate lost 8.3 percent to 1,280 yen, the lowest close since August 2005. Market leader Mitsui Fudosan Co. sank 5.9 percent to 1,302 yen. Condominium developer Hoosiers Corp. plunged 17 percent to 4,850 yen. The Topix Real Estate Index fell for a sixth day, closing at the lowest level since January 2004.
Sompo Japan Insurance Inc. retreated 8.9 percent to 700 yen. Tokio Marine Holdings Inc., Japan's biggest listed insurer, dropped 8.8 percent to 2,845 yen. Moody's Investors Service today said it may cut its credit rating on unlisted Asahi Mutual Life Insurance Co. as a drop in shares may erode the insurer's capital. Moody's, which rates Asahi Baa3, said it may reduce the rating by one or more levels.

European stocks rose as higher oil prices lifted energy producers and better-than-expected earnings from Hewlett-Packard Co. and Home Depot Inc. eased concern the recession will snuff out profits.
Total SA, Europe's third-largest energy producer, and BP Plc climbed more than 4 percent as crude gained. Alcatel-Lucent SA jumped 4.8 percent on Dassault Aviation's 1.56 billion-euro ($2 billion) offer for Alcatel's stake in Thales SA.
National benchmark indexes increased in nine of the 18 markets in western Europe. The U.K.'s FTSE 100 rose 1.9 percent, and France's CAC 40 gained 1.1 percent. Germany's DAX added 0.5 percent.
Total climbed 4.6 percent to 40.76 euros. BP, Europe's second-biggest oil producer, added 4.1 percent to 507.5 pence, and Royal Dutch Shell Plc, the largest, gained 3.9 percent to 1,693 pence.
Alcatel-Lucent jumped 4.8 percent to 1.90 euros. Dassault Aviation offered 1.56 billion euros ($2 billion) for Alcatel- Lucent's 20.8 percent stake in Thales SA.
BNP Paribas SA dropped 5.1 percent to 40.81 euros. UBS AG, the Swiss bank that got a $59.2 billion aid package from the state and central bank, lost 3.5 percent to 13.27 francs.
The cost of protecting bank bonds from default rose to the highest in almost a month as prices of mortgage-linked securities tumble.
Bilfinger Berger AG, Germany's second-largest construction company, led construction shares lower after Goldman Sachs Group Inc. added the stock to its ``conviction sell'' list, citing expectations for lower capital spending in chemicals and oil industries. The shares lost 4.9 percent to 30.61 euros. Hochtief AG, Germany's biggest construction company, sank 2.8 percent to 27.66 euros.

Stocks rose 1.0% in a volatile session as traders digested testimony from the heads of the Federal Reserve, Treasury and FDIC, upside earnings guidance from Hewlett-Packard and speculation regarding the future of U.S. automakers.
The S&P 500 climbed to a 1.8% gain at mid-day, and then dropped to a loss of 2.8% in the final hour of trade before a surge in buying interest sent the S&P 500 back into positive territory at the closing bell.
Seven of the ten economic sectors posted a gain.
Fed Chairman Bernanke, Treasury Secretary Paulson and FDIC Chairman Bair were called to testify about the $700 billion financial relief package before the House Financial Services Committee.
Bernanke said there are some signs that credit markets are improving, although they remain strained. Treasury Secretary Paulson defended scrapping the original plan to buy troubled assets, saying that direct capital injections were more effective given the sharp deterioration in financial markets. Paulson believes the economy will not recover as fast as anyone would like, but will recover at a quicker pace because of the relief package.
In corporate news, Hewlett-Packard (HPQ 33.58, +4.24) announced preliminary fourth quarter earnings that topped estimates and issued fiscal year 2009 earnings guidance that was above expectations.
Yahoo! (YHOO 11.48, +0.85) gained after announcing that co-founder Jerry Yang will step down as CEO as soon as a replacement is found, raising speculation that Microsoft (MSFT 19.62, +0.43) could show renewed takeover interest.
In earnings news, Saks (SKS 3.27, -0.58) tumbled after missing third quarter earnings expectations, while Home Depot (HD 20.71, +0.71) rose after topping estimates. Both retailers were cautions about the near-term outlook. Retailers as a whole fell 0.2%.
Shares of General Motors (GM 3.09, -0.09) and Ford (F 1.68, -0.04) fell to multi-decade lows. The automakers, along with Chrysler and the United Auto Workers, are scheduled to testify today before the Senate Banking Committee regarding possible aid for the struggling U.S. auto industry.
In economic news, domestic producer prices in October dropped by a larger-than-expected amount due to the sharp decline in energy prices. Specifically, October PPI dropped 2.8% month over month, compared to the expected decline of 1.9%. Core PPI, which excludes food and energy, rose 0.4%, which was larger than the expected increase of 0.1%.

Resistance 3: Y199.45
Resistance 2: Y98.50
Resistance 1: Y97.40
Current price: Y96.79
Support 1: Y95.90
Support 2: Y94.40
Support 3: Y93.60
Comments: The rate remains within the limits of range Y95,90-Y97,40 which borders act as the nearest levels of support/resistance accordingly. Support Y95,90 is a level 61,8%FIBO growth Y94,40-Y98,30. Below possible decrease to Thursday's low on Y94,40 and further to level Y93,60 (76,4 % FIBO of growth Y90,90-Y100,55). Above yesterday's maximum on Y97,40 will open road to level Y98,50 (38,2%FIBO falling Y110,65-Y90,90). Then is possible growth to Y99,45 (high of November 10).

Resistance 3: Chf1.2215
Resistance 2: Chf1.2140
Resistance 1: Chf1.2070
Current price: Chf1.2061
Support 1: Chf1.2000
Support 2: Chf1.1950
Support 3: Chf1.1870
Comments: The pair tries will be fixed above mark Chf1,2000 which for today is the nearest level of support. Overcoming of level Chf1,2000 will open road to Chf1.1950 (23,6 % FIBO of growth Chf1.1550-Chf1.2055), further are possible decrease to Chf1.1870 (38,2 %). The session high at level Chf1,2055 is the nearest resistance. Above is possible growth to Chf1,2140 (area of high of September of the last year and low of June and February of the last year) and further to Chf1,2215 (area of high of August 2008).

Resistance 3: $1.5370
Resistance 2: $1.5220
Resistance 1: $1.5060
Current price: $1.4975
Support 1: $1.4655
Support 2: $1.4555
Support 3: $1.4280
Comments: The pound is consolidated before the publication BoE meeting minutes which can specify the reasons of so sharp reduction of a discount rate in more details. As the nearest supporta acts the area of Friday's and Monday's low on $1,4655. Below the level of a low of the last Thursday on $1,4555 (the level $1,4530 is area of a minimum of June, 2002) is located. Further decrease in area $1,4280 (low of April 2002) is possible. In case of growth by the nearest resistance there will be a level $1,5060 (38,2%FIBO from falling $1,5880-$ 1,4555). Above are located levels $1,5220 (50,0 %) and $1,5370 (61,8 %).

Resistance 3: $1.2860
Resistance 2: $1.2790
Resistance 1: $1.2700
Current price: $1.2628
Support 1: $1.2510
Support 2: $1.2385
Support 3: $1.2330
Comments: The pair continues to be consolidated within the limits of a figure of a triangle which top border is a strong line of resistance. As the nearest support acts the level $1,2510 (aMonday's low). Overcoming of the given level will open road to $1,2385 (area of Friday's low). Below possible falling to two years low on $1,2330. The nearest resistance is the level $1,2700 (a line of resistance since October 14, and also the top border of a triangle). Further growth to $1,2790 (the price of closing of the last week) is possible. In case of continuation of growth by resistance will act the area $1,2860/80 ($1,2860 - a maximum of Thursday, $1,2880 - a level 38,2%FIBO falling $1,3765-$ 1,2330).

High Low Close
EUR/USD 1.2700 1.2565 1.2617
USD/JPY 97.40 95.99 97.00
GBP/USD 1.5090 1.4898 1.4957
USD/CHF 1.2045 1.1966 1.2029

EUR/JPY 123.57 120.98 122.39
EUR/GBP 0.8457 0.8355 0.8433
GBP/JPY 146.51 143.57 145.10
GBP/CHF 1.8093 1.7902 1.7992

Change % Change Last
Nikkei -194.17 -2.3% 8,328.41
Topix -15.05 -1.8% 835.44
FTSE +76.39 +1.85% 4,208.55
DAX +22.20 +0.49% 4,579.47
CAC +35.37 +1.11% 3,217.40
Dow +151.17 +1.83% 8,424.75
NASDAQ +1.22 +0.08% 1,483.27
S&P +8.37 +0.98% 859.12
10yr Note -1.4900 -0.404% 3.535%
NYMEX Crude Oil -0.56 -1.02% 54.39
Gold -9.30 -1.25% 732.70

09:30 UK BoE meeting minutes (05-06.11)
13:30 USA Building permits (October), mln 0,775 0,786
13:30 USA Housing starts (October), mln 0,785 0,815
13:30 USA CPI excluding food and energy (October) Y/Y 2,5%
13:30 USA CPI excluding food and energy (October) 0,2% 0,1%
13:30 USA CPI (October) Y/Y 4,9%
13:30 USA CPI (October) -0,7% 0,0%
19:00 USA FOMC meeting minutes (28-29.10)
23:50 Japan Trade balance (October) unadjusted, trln 0,095