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BTP TECHS

(Z1) Support Cleared

ASIA RATES

Indian Borrowing Plan Boost Shortlived

FOREX

Greenback Continues To Creep Higher

GILT TECHS

(Z1) Slide Extends

ASIA FX

Peso & Ringgit Buck Regional Trend

SCHATZ TECHS

(Z1) Trend Conditions Still Bearish

EURO-DOLLAR
EURO-DOLLAR: Month-end related dollar sales saw the EUR rally and close above
the 1.12 level. With most centres out in Asia volumes remained light held to a
very narrow $1.1211-20 range.
- Yesterday's positive close has shifted momentum back to the bulls with topside
focus on the 21-dma & broken trendline at $1.1234/50, above here opens a move
toward the $1.1260/65 area which has registered a series of previous highs.
- Quiet on the European calendar today as main attention turns to the US FOMC
(1800GMT). No analysts are expecting a move in the fed funds rate at this
meeting with main focus on any changes to the statement and possible further
detail on balance sheet reinvestment. US ADP & ISM mfg are also due up at
1215GMT/1400GMT.