The major indices continue to sport strong gains as investors move into stocks following the prior session's massive selling effort. All ten of the major indices are at or near their best levels of the afternoon and the Dow is up 400 points.
The interest in stocks has put selling pressure on safe havens like Treasuries and gold. Gold has pulled up a bit to trade with a loss of 1.6% after being down little more than 2%.

The stock market extends its gains and then holds near session highs. All ten sectors are post a gain. The worst performing sector, utilities, is up 0.9%, The best performing sector, financials, is up 10.7%.
Third Quarter Performance Review: The Dow, Nasdaq and S&P 500 are down 5.5%, 10.0% and 9.9%, respectively. Small-caps are outperforming -- the Russell 2000 is down 2.7%. Mid-caps, however, trail their large-cap counterparts -- the S&P 400 is down 12.7%.

Says we are in an excpetional period and what we are experiencing is unique, and event not seen in perhaps a century. Must learn from current turbulence, size of risk was underassessed, not sustainable. But he throws in, even in crisis, monpol is meant to keep price stability. Says current remarks unrelated to current monpol.

The euro fell the most against the dollar since the introduction of the shared currency in 1999 after France and Belgium led a state-backed rescue of Dexia SA, as the widening financial crisis forces governments to prop up financial institutions across Europe.
The 15-nation currency also weakened against the British pound after Belgian Prime Minister Yves Leterme said Dexia, the world's biggest lender to local governments, will receive about $9.2 billion to shore up its capital. The dollar rose against the yen on speculation the U.S. Senate will salvage a $700 billion bank-bailout plan as early as tomorrow after Congress rejected it yesterday.
``The consensus is the U.S. banking system is a little bit further along in its exposure of its toxic assets,'' said Firas Askari, head currency trader at BMO Nesbitt Burns in Toronto. ``It's a case of which is relatively worse. The dollar's going to benefit against the euro because Europe has more to expose.''
The capital infusion for Dexia comes two days after Belgium, the Netherlands and Luxembourg rescued Fortis, the largest Belgian financial-services company, Britain took control of Bradford & Bingley Plc, the country's biggest lender to landlords, and Germany bailed out Hypo Real Estate Holding AG.
``There's a dollar shortage globally,'' said Alan Ruskin, head of international currency strategy in North America at RBS Greenwich Capital Markets Inc. in Greenwich, Connecticut. ``Demand for liquidity trumps the fundamentals. Fundamentally, the U.S. is awful, and Europe is awful. Fundamentals are irrelevant today.''
``There is a mad scramble for U.S. dollar funding demand from a global U.S. dollar-based financial system,'' said Claudio Piron, Singapore-based head of Asian currency research at JPMorgan Chase & Co, the second-biggest U.S. bank by market value. ``Central banks have been extending swap lines as lenders of the last resort. The banks access this liquidity, but they hoard it for themselves as they believe it too risky to lend to anyone else.''
The U.S. Senate will try to revive a $700 billion financial-rescue package after yesterday's defeat in the House of Representatives. The bill would have allowed the government to buy troubled assets from banks. Institutions posted $590 billion of losses and writedowns since the start of last year following the collapse of the U.S. subprime-mortgage market.
The U.S. dollar has rebounded in the last quarter, gaining 9.4%. The dollar is up against all of the world's major currencies, with the exception of the Japanese yen, which is flat this quarter against the dollar. The dollar is up the most against the Brazilian Real (+17.4%) Australian dollar (+17.5%), Norwegian Krone (+13.7%) and Swedish krona (+13.2%). The dollar is up 10.6% against both the euro and British pound. The strength in the dollar helps keep commodity prices in check, but may hinder U.S. exports.

The stock market breaks though its afternoon trading range, hitting session highs in a broad-based move. The S&P 500 is approaching the 4% mark.
At the same time, crude prices hit session highs, up 4.9% to $101.01 per barrel. Crude traded down as much as 3.1% at $93.36 per barrel in early trade.
Third Quarter Performance Review: Of the 83 primary equity indices worldwide, only seven are posting a gain this quarter. The S&P 500 is down 9%, making the U.S. the 24th best performing market. Leading the way is Botswana's Gaborone Index (+18%) and the Ho Chi Minh Stock Index (+14%). The worst performing indices are the Ukraine's PFTS Index (-52%) and Russia's RTS Index (-47%). London's FTSE is down 13%, Japan's Nikkei is down 16% and Hong Kong's Hang Seng is down 18%

Easing lower in recent trade, is at $878.20 middle and has seen lows today at $873.00 as the dollar surges. Talk suggesting $865.00 key in the metal, stops positioned below.

Economist Ryan Wang at HSBC says consumer conf had a technical bounce after expectations plunged to cyclical lows." However, "expectations tend to double-dip after the initial fall, and we think history is likely to repeat itself." He ests payrolls at -150k and says that will hurt the consumer.

The major indices post strong gains, modestly below session highs.
The failure of finacial instutions in Europe is sparking a rally in the dollar. The dollar is up 2.7% against a basket of world currencies, its largest one-day percent gain since 1992.
The strength in the dollar is helping to limit the gain in the CRB Index, which measures a basket of 19 commodities, to just 0.2%. Crude oil prices are up 1.4% to $97.73 per barrel, while gold prices are down 2.1%.

Stocks extend gains to hit fresh session highs and then run into some modest resistance. All ten sectors are posting a gain, led by financials (+7.7%) and energy (+3.6%).
Earlier this session, the Fed conducted a $20 billion 28-day repo operation. The move to add liquidity have helped the fed funds rate slip to 3.50% after being at 7.00% earlier in the session, according to Reuters. The current level still remains above the Fed's target rate of 2.00%.
This session is dominated by strength in large-cap names, as traders speculate larger companies are better positioned to navigate the potential economic headwinds.
The small-cap Russell 2000 Index is up 0.9% and the mid-cap S&P 400 Index is up 1.2%. By comparison, the large-cap S&P 500 is up nearly 3%.
The relative underperformance of small- and mid-cap names is causing market breadth to be weaker than one might expect given the scope of the major indices gains. Advancers outpaces decliners by 2-to-1 on the NYSE, while Advancers hold only a slight 10-to-9 edge on the Nasdaq.
Third Quarter Performance Review: A total of 158 stocks within the S&P 500 are posting a gain in the third quarter. Financial names are among the leaders. Bond insurer MBIA (MBI) is up the most with a massive 176% advance, followed by regional bank BB&T (BBT), which is up 62%. Wells Fargo (WFC) has rebounded 53%, and Bank of America (BAC) is up 41%.

Euro has broken $1.4115 Fibonacci level -- the 76.4% retracement of $1.3882-$1.4866, with not much support seen until $1.4000 Sept 11 high. The decline in euro-dollar today is the biggest since January 2001, according to charts.
Lower $1.3881/90 Low 11 Sept and long-term supp line from Feb 2002 may be tested. Fall to 50% retrace of $1.1644 advance, July 2007 high at $1.3840/50 also cannot be ruled out.

The major indices climb to session highs, benefiting from the higher-than-expected consumer confidence reading and encouraging reports that a financial relief deal will be reached before the end of the week.
As stocks climb, Treasuries go on the retreat. The benchmark 10-year note is down a full point, sending its yield up to 3.70%.
In another sign that the financial market turmoil is not just a U.S. problem, three European governments are injecting an equivalent of $9.2 billion into Belgian bank Dexia, according to The Wall Street Journal. The move comes after the bailouts of four European financial firms yesterday, including Belgian bank Fortis.

Economist Annalisa Piazza at Newedge says 56.7 Sept Chicago PM index is too high - is "not consistent with the current weak economic conditions in the US." She suggests a high Chi-PM could be "just a statistical quirk and the downward trend will resume soon." She's keeping ISM est at 48.8.

The stock market holds onto strong gains, climbing toward early highs on a better-than-expected consumer confidence reading.

The major indices rally at the open in a rebound trade, although the S&P 500's current advance of 2.5% has a long way to go to make up yesterday's massive 8.8% decline.
The catalyst for yesterday's sell-off was the House of Representatives rejecting the financial relief plan, which increased fears that credit markets would remain tight and cause problems for the broader economy.
Some repercussions can be seen in the credit market's this session, with the overnight dollar Libor -- which measures the rate banks charge each other for overnight loans -- spiking 431 basis points to 6.88%. Libor increased across all terms, which range from overnight to 12 months, indicating that banks are very reluctant to lend to each other.
Congress is expected to work on a new plan, with a vote coming as soon as Thursday.
Third Quarter Performance Review: Nine of the ten economic sectors are poised to post a loss this quarter. The energy sector is down 27.5%, followed by the material sector's decline of 24%. The defensive-oriented consumer staples is the best-performing sector with a 2.6% gain. The financial sector, which has been at the center of the recent volatility, is outperforming on a relative basis with a 6.0% decline -- although some of the outperformance is likely due to the recent short-selling ban.

Prices Paid 80.7. New orders 53.9. Employment 49.1.

U.S. stocks were poised for a rebound after Monday's record selloff that followed Congressional rejection of a $700 billion Wall Street bailout package.
Stock futures pointed to gains early Tuesday, after a record 777-point drop in the Dow Jones industrial average Monday that marked the worst percentage drop for stocks since the 1987 crash. Futures are an indication of how the markets are expected to open, based on the difference between current and future levels.
Futures suggest a rally at the open: S&P futures vs fair value: +32.40. Nasdaq futures vs fair value: +27.80.

That sharp slide continued in Asian markets Tuesday, although most of the indexes there closed off their low of the day. Still Japan's Nikkei lot 483 points, or 4%, while Australia's markets fell 4.3% and Taiwan's stocks lost 3.6%. But Hong Kong's Hang Seng closed narrowly higher, and Europe's major indexes were mixed in early trading there.
Even if the broader U.S. markets show some improvement Tuesday, bank stocks could be under the greatest pressure again the day after the KBW Bank Index (BKX) fell 21%. While Citigroup saw shares rebound 2.6% in heavy Frankfurt trading after losing 12% in U.S. trading Monday, most other major U.S. banks trading there were lower in early overseas trading, with JPMorgan Chase off 5.9%, Bank of America down 8.5% and Wells Fargo off 5.2%.
U.S. Treasuries were slightly lower in early trading, taking the yield on the benchmark 10-year note to 3.67% from 3.6%, after a flight to Treasuries sent the yield plunging in trading Monday.

Extended losses to $1.4240, with rate currently holding back around $1.4260. Offers noted to $1.4265 (23.6% $1.4345/1.4240), a break above to open a move on toward $1.4280.

The euro fell a second day against the dollar as France and Belgium led a state-backed rescue of Dexia SA, the world's biggest lender to local governments.
The 15-nation currency also weakened against the British pound after Belgian Prime Minister Yves Leterme said Dexia will receive about $9.2 billion to shore up its capital. The dollar rose against the yen on speculation the U.S. Senate will salvage a $700 billion bank-bailout plan as early as tomorrow after Congress rejected it yesterday. The yen dropped against 14 of the 16 most active currencies as European stocks rose, reviving purchases of higher-yielding currencies funded in Japan.
Dexia is being rescued after its shares had a record decline yesterday. The capital infusion comes two days after Belgium, the Netherlands and Luxembourg rescued Fortis, the largest Belgian financial-services company, Britain took control of Bradford & Bingley Plc, the country's biggest lender to landlords, and Germany bailed out Hypo Real Estate Holding AG.
The Japanese currency is up 10 percent against the euro this quarter. The dollar has fallen 1.4 percent against the yen, paring a 7 percent gain in the previous three months. The euro is down 9.6 percent against the dollar, its biggest quarterly decline since 1999.

EUR/USD the pair has decreased and at present tries to overcome support in the field of a yesterday's low on $1,4300. Ossers $1.4420/25, $1.4480/85, $1.4520. Bids $1.4310/00.
GBP/USD remained within the limits of a range $1,7980-$ 1,8120.
USD/JPY has established session low in the field of Y105,30. Offers Y105.50, Y105.60/66. Bids Y104.10.

US data starts at 1345GMT with Chicago Purchasing Managers' Index (Sep) . At 1400GMT, the Consumer confidence for September is due.

The euro fell a second day against the dollar as France and Belgium led a state-backed rescue of Dexia SA, the world's biggest lender to local governments.
The 15-nation currency also weakened against the British pound after Belgian Prime Minister Yves Leterme said Dexia will receive about $9.2 billion to shore up its capital. The dollar rose against the yen on speculation the U.S. Senate will salvage a $700 billion bank-bailout plan as early as tomorrow after Congress rejected it yesterday. The yen dropped against 14 of the 16 most active currencies as European stocks rose, reviving purchases of higher-yielding currencies funded in Japan.
Dexia is being rescued after its shares had a record decline yesterday. The capital infusion comes two days after Belgium, the Netherlands and Luxembourg rescued Fortis, the largest Belgian financial-services company, Britain took control of Bradford & Bingley Plc, the country's biggest lender to landlords, and Germany bailed out Hypo Real Estate Holding AG.
``Although the U.S. is at the center of all the problems going on in the markets, rather counter-intuitively the dollar is coming out of it a winner,'' said Adam Cole, head of global currency strategy in London at RBC Capital Markets.
``I would be very cautious in betting on further near-term dollar-yen losses,'' said Michael Klawitter, a currency strategist at Dresdner Kleinwort in Frankfurt. ``Any positive news on the political front would have quite an impact.''

Resistance 3: Y107.00
Resistance 2: Y105.60
Resistance 1: Y105.20
Current price: Y104.97
Support 1: Y103.45
Support 2: Y102.60
Support 3: Y100.00
Comments: The yen has receded from the reached levels against dollar. The nearest resistance is presented by area Y105,20 (50,0 % FIBO of yesterday's falling), above is possible growth to Y105,60 (61,8 %). Overcoming of the given level will open road to Y107,00. The nearest support is located in a session low on Y103,45, the area of 9, 12 and 22 May low on Y102,60 further follows, overcoming of the given mark will open road to level Y100,00 (Apri 10 low).

Resistance 3: Chf1.1140
Resistance 2: Chf1.1085
Resistance 1: Chf1.0980
Current price: Chf1.0988
Support 1: Chf1.0905
Support 2: Chf1.0815
Support 3: Chf1.0690
Comments: The pair test resistance in area Chf1,0980 (61,8 % FIBO of yesterday's falling) acts, above is located the yesterday's high on Chf1,1085, return to Chf1,1140 (61,8 % FIBO of decrease Chf1,1420-Chf1,0690) is above possible. Insignificant support is located in a session low on Chf1,0905, below loss of a rate can increase up to Chf1,0815 (yesterday's low) and further to Chf1,0690 (Sep 22 low).

Resistance 3: $1.8310
Resistance 2: $1.8230
Resistance 1: $1.8120
Current price: $1.8064
Support 1: $1.7990
Support 2: $1.7960
Support 3: $1.7910
Comments: Tech no pound hasn't changed. The nearest support located in session low on $1,7990, below is located yesterday's low on $1,7960. In case of overcomings of the given level the rate can decrease in area $1,7910 (Sep 19 low). Resistance is presented by levels FIBO from decrease $1,8670-$ 1,7960 : $1,8120 (23,6 %), $1,8230 (38,2 %) and $1,8310 (50,0 %, and also area of Sep 25 low).

Resistance 3:$1.4580
Resistance 2: $1.4520
Resistance 1: $1.4430
Current price: $1.4367
Support 1: $1.4330
Support 2: $1.4300
Support 3: $1.4275
Comments: Tech on euro hasn't changed. The nearest support is located in session lowon $1,4330, the yesterday's low $1,4300 further is located. Below loss of a rate can will increase up to $1,4275 (Sep 18 low). The nearest resistance is located on $1,4430 (23,6 % FIBO of decrease $1,4866-$ 1,4300), further follows $1,4520 (38,2 %) and $1,4580 (50,0 %).

EUR/USD $1.4200, $1.4600
USD/JPY Y105.25, Y104.10, Y104.00, Y105.50/55, Y106.00, Y106.50
GBP/USD $1.7900
NZD/USD $0.6850
USD/CAD C$1.0240

The yen fell against the euro and the dollar on speculation the U.S. Senate will salvage a $700 billion bank-rescue plan as early as tomorrow, reviving demand for purchases of higher-yielding currencies funded in Japan.
The Japanese currency declined the most against the New Zealand dollar as Asian stocks pared losses. The euro weakened against the U.S. currency after Dexia SA, the world's biggest lender to local governments, got a 6.4 billion-euro ($9.2 billion) bailout from Belgium, France and its largest shareholders to shore up its capital.
High-yielding currencies recouped losses against the Japanese yen after plunging yesterday when the Standard & Poor's 500 Index tumbled following the U.S. House of Representatives' rejection of President George W. Bush's proposals to rescue financial institutions. The index had its biggest decline since the 1987 crash.
The Australian dollar rose 0.5 percent to 84.24 yen after falling 4.9 percent yesterday. The New Zealand dollar gained 1 percent to 70.72 yen after dropping 3.7 percent yesterday.
The yen typically declines when demand for high-yielding currencies rises, as traders put on so-called carry trades. In such transactions, investors get funds in countries with low borrowing costs and buy assets where returns are higher. Japan's 0.5 percent target lending rate compares with 7 percent in Australia and 7.5 percent in New Zealand.
The euro approached a one-week low against the dollar on speculation other European banks may need a rescue after Dexia SA and Fortis, the largest Belgian financial-services company, received government-sponsored lifelines.
The U.S. House of Representatives voted yesterday 228 to 205 against a bill that would have allowed the government to buy troubled assets from banks. Financial institutions have reported losses and writedowns of $590 billion since the start of last year follwing the collapse of the U.S. subprime-mortgage market.

EUR/USD the pair was consolidated within the limits of $1,4420-$ 1,4430.
GBP/USD having established a session high on $1,8116, the pair was corrected in area $1,8075.
USD/JPY having established 4 monthly low on Y103,45, the rate has risen in area Y104,80.

At 0900GMT sees September flash HICP data, which is forecast to come in at 3.6% y/y.
US data starts at 1345GMT with Chicago Purchasing Managers' Index (Sep) . At 1400GMT, the Consumer confidence for September is due.

Japan stocks fell for a third day as a record drop in cargo fees for commodities and a decline in oil overshadowed speculation bailouts will quell financial turmoil.
Nippon Yusen K.K. lost 6.6 percent, leading shippers to a two-year low, while Inpex Holdings Inc., Japan's largest oil explorer, slid 6.1 percent. Resona Holdings Inc. reversed a gain to fall 2.3 percent as a bailout of Belgian lender Fortis sapped confidence in financial shares. Fast Retailing Co. surged 5.1 percent as investors sought companies whose earnings are shielded against the failures of global lenders.
Stocks rose in the morning after U.S. lawmakers agreed on a plan to buy bad loans from financial firms.
The Nikkei 225 Stock Average lost 149.55, or 1.3 percent, to close at 11,743.61 in Tokyo after gaining as much as 1.4 percent. The broader Topix index slumped 20.02, or 1.7 percent, to 1,127.87. Two stocks declined for each that rose on the Topix.
Nippon Yusen slumped 6.6 percent to 681 yen, while closest competitor Mitsui O.S.K. Lines Ltd. lost 6 percent to 889 yen. Kawasaki Kisen Kaisha Ltd., Japan's No. 3 shipper, dropped 6.3 percent to 628 yen. A gauge of shipping lines sank to the lowest since September 2006 and was the biggest loser among Topix industry groups, followed by mining and trading companies.

European stocks tumbled the most in eight months, sending the Dow Jones Stoxx 600 Index to the lowest level since January 2005, after bank bailouts accelerated and the $700 billion plan to rescue American financial institutions failed to unlock money markets.
Anglo Irish Bank Corp. Plc, Dexia SA and Deutsche Postbank AG plunged more than 20 percent after the governments of Belgium, the Netherlands and Luxembourg were forced to rescue Fortis and the U.K. seized Bradford & Bingley Plc. Hypo Real Estate Holding AG slid 74 percent as the German government and a group of private banks provided a 35 billion-euro ($50 billion) guarantee for the commercial-property lender.
Fortis lost 24 percent to 3.97 euros after the company received a bailout of 11.2 billion euros.Banco Santander SA, Spain's biggest lender, will pay 612 million pounds ($1.1 billion) to buy Bradford & Bingley branches and deposits, the U.K. Treasury said today.
Santander shares declined 4.2 percent to 10.46 euros.

U.S. stocks plunged and the Standard & Poor's 500 Index tumbled the most since 1987 after the House of Representatives rejected a $700 billion plan to rescue the financial system.
Wachovia Corp. declined 85 percent after the bank was sold to Citigroup Inc. in a deal brokered by the Federal Deposit Insurance Corp. Sovereign Bancorp Inc. and National City Corp. sank more than 60 percent, leading financial shares in the S&P 500 to an 11 percent slide. Goldman Sachs Group Inc. and Morgan Stanley, the two largest Wall Street securities firms, fell more than 19 percent. The MSCI World Index of 23 developed markets slid 5.9 percent, the most since its creation in 1970.
The S&P 500 sank to its lowest intraday level since October 2004 as all 10 of its industry groups tumbled more than 2.5 percent. Only two stocks in the benchmark index for U.S. equities advanced. The Dow average's retreat was its steepest since the first trading day after the September 2001 terrorist attacks, sending the 30-stock gauge to an almost three-year low.
Almost $1 trillion was wiped off the value of U.S. equities today, according to data compiled by Bloomberg.
Congressmen voted 228 to 205 against the measure to authorize the biggest government intervention into markets since the Great Depression, extending the S&P 500's decline this month to 11 percent, its biggest drop since September 2002. The crisis that began with bad home loans to subprime borrowers is threatening to push the economy into a recession as consumers lose confidence and banks cut back on lending.
Benchmark indexes extended earlier declines spurred when Wachovia and three European banks required government- orchestrated rescues, heightening concern that even the White House's $700 billion plan isn't enough to shore up the global financial system.

The pound fell the most against the dollar in 12 years and the euro weakened after European governments bailed out banks and a report showed confidence in the region's economic outlook dropped.
The currencies also declined versus the yen after Belgium, the Netherlands and Luxembourg extended an 11.2 billion euro ($16.1 billion) lifeline to Fortis, the largest Belgian financial-services firm, and the U.K. Treasury seized Bradford & Bingley Plc, the nation's biggest lender to landlords. ``It appears that both U.K. and European authorities still remain reactive rather than proactive in their response to dealing with the financial crisis,'' wrote Lee Hardman, a London-based currency strategist at Bank of Tokyo-Mitsubishi, in a report.
The dollar rose the most against the euro in seven weeks after President George W. Bush and congressional leaders agreed on a $700 billion plan to revive credit markets.
markets group in Boston at Bank of New York Mellon, the world's largest custodial bank, with more than $23 trillion in assets under administration. The Federal Reserve increased its existing currency swaps with foreign central banks to $620 billion from $290 billion to make more dollars available worldwide. The European Central Bank, the Bank of England and the Bank of Japan are among the participating authorities.
Stress at European institutions had produced a shortage of the currency, adding to its strength overnight, said Robert Sinche, head of global currency strategy at Bank of America Corp. in New York.

EUR/USD the pair has established low in area $1,4300, but could block the most part of the losses later. The pair has finished the trades of Monday slightly above a level $1,4400.
GBP/USD having established low in the field of $1,7960, the pair was corrected abow a level $1,8100.
USD/JPY having established session high on Y106,90, the rate has fallen and has finished the trades in the field of a session low on Y103,95.

European data for Tuesday starts at 0600GMT with German ILO unemployment data and wholesale sales data. This comes ahead of the main German labour data at 0755GMT.
At 0900GMT sees September flash HICP data, which is forecast to come in at 3.6% y/y.
UK data at 0830GMT sees Q2 Total Business Investment as well as the third release of Q2 GDP, which is expected to be flat q/q, 1.4% y/y. The Balance of payments data is also due and is seen coming in at -stg9.7 billion. GDP growth ground to a halt in Q2, ending an unprecedented 63 consecutive quarters of positive growth.
US data starts at 1345GMT with Chicago Purchasing Managers' Index (Sep) . At 1400GMT, the Consumer confidence for September is due.

Japan's benchmark stock indices closed sharply lower, just shy of the day's worst levels. The benchmark Nikkei 225 was down 483.75 points, or 4.12%, at 11259.86. The broader-based TOPIX was down 40.46 points at 1087.41.

Resistance 3: Y105.60
Resistance 2: Y105.20
Resistance 1: Y104.80
Current price: Y104.44
Support 1: Y103.45
Support 2: Y102.60
Support 3: Y100.00
Comments: he yen rose to its highest in almost two weeks against the euro on concern U.S. lawmakers' rejection of a $700 billion bank rescue plan will cause credit losses to mount, curbing demand for higher-yielding assets. The nearest support is located in session low on Y103,45, the area of May 9, 12 and 22 low on Y102,60 further follows, overcoming of the given mark will open road to level Y100,00 (April 10 low). The nearest resistance is presented by area Y104,80 (38,2 % FIBO of yesterday's falling), above is possible growth to Y105,20 (50,0 %) and Y105,60 (61,8 %) .

Resistance 3: Chf1.1140
Resistance 2: Chf1.1085
Resistance 1: Chf1.0980
Current price: Chf1.0953
Support 1: Chf1.0905
Support 2: Chf1.0815
Support 3: Chf1.0690
Comments: The pair was corrected after yesterday's decrease. As the nearest resistance area Chf1,0980 (61,8 % FIBO of yesterday's falling) acts, the yesterday's high on Chf1,1085 is above located, return to Chf1,1140 (61,8 % FIBO of decrease Chf1,1420-Chf1,0690) is above possible. Insignificant support is located in a session low on Chf1,0905, below loss of a rate can increase up to Chf1,0815 (yesterday's low) and further to Chf1,0690 (Sep 22 low).

Resistance 3: $1.8310
Resistance 2: $1.8230
Resistance 1: $1.8120
Current price: $1.8054
Support 1: $1.7990
Support 2: $1.7960
Support 3: $1.7910
Comments: The pound fell after the U.K. Treasury seized Bradford & Bingley Plc yesterday, the nation's biggest lender to landlords. The nearest support located in session low on $1,7990, below is located yesterday's low on $1,7960. In case of overcomings of the given level the rate can decrease in area $1,7910 (Sep 19 low). Resistance is presented by levels FIBO from decrease $1,8670-$ 1,7960 : $1,8120 (23,6 %), $1,8230 (38,2 %) and $1,8310 (50,0 %, and also area of Sep 25 low).

Resistance 3:$1.4580
Resistance 2: $1.4520
Resistance 1: $1.4430
Current price: $1.4350
Support 1: $1.4330
Support 2: $1.4300
Support 3: $1.4275
Comments: The euro expands the losses against dollar after Belgium, the Netherlands and Luxembourg gave an 11.2 billion euro ($16.1 billion) lifeline yesterday to Fortis, the largest Belgian financial-services company. The nearest support is located in session lowon $1,4330, the yesterday's low $1,4300 further is located. Below loss of a rate can will increase up to $1,4275 (Sep 18 low). The nearest resistance is located on $1,4430 (23,6 % FIBO of decrease $1,4866-$ 1,4300), further follows $1,4520 (38,2 %) and $1,4580 (50,0 %).

High Low Close
EUR/USD 1.4567 1.4301 1.4415
USD/JPY 106.69 103.93 103.95
GBP/USD 1.8343 1.7956 1.8042
USD/CHF 1.1085 1.0816 1.0896

EUR/JPY 155.08 149.83 149.83
EUR/GBP 0.8023 0.7904 0.7988
GBP/JPY 195.46 187.56 187.60
GBP/CHF 2.0076 1.9608 1.9661

Change % Change Last
Nikkei -149.55 -1.26% 11,743.61
Topix -20.02 -1.70% 1,127.87
FTSE -269.70 -5.30% 4,818.77
DAX -256.42 -4.23% 5,807.08
CAC -209.90 -5.04% 3,953.48
Dow -777.68 -6.98% 10,365.45
NASDAQ -199.61 -9.14% 1,983.73
S&P -106.72 -8.80% 1,106.55
10yr Note -1.9500 -0.510% 3.632%
NYMEX Crude Oil -10.52 -9.84% 96.37
Gold +5.90 +0.66% 894.40

01:30 AUS Retail Sales (MoM) (Aug) 0.3% 0.1%
05:00 Japan Housing starts (August) Y/Y 19,0%
05:00 Japan Construction orders (August) Y/Y 42,3%
06:00 Germany ILO Unemployment Rate (Aug) 7,3%
07:55 Germany Unemployment Change (Sep) -40К
07:55 Germany Unemployment Rate s.a. (Sep) 7,6%
08:30 UK Total Business Investment (QoQ) (2Q) -1,8%
08:30 UK Total Business Investment (YoY) (2Q) 4,5%
08:30 UK Current Account (2Q) -8,4В
08:30 UK Gross Domestic Product (QoQ) (2Q) 0.0%
08:30 UK Gross Domestic Product (YoY) (2Q) 1.4%
09:00 Е15 Consumer Price Index (YoY) (Sep) 3,8%
12:30 Canada Gross Domestic Product (MoM) (Jul) 0,1%
12:30 Canada Industrial Product Price (MoM) (Aug) 0,4%
13:45 USA Chicago Purchasing Managers' Index (Sep) 57.9
14:00 USA Consumer confidence (September) 56,9
16:00 Е15 ECB Trichet's Speech
23:50 Japan BoJ Tankan survey (Q3) 5