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(X2) Bearish Outlook




US Cash opening calls


Volatile Crude as Time Spreads Drift Down


Effective Fed Funds Rate


Banks, Energy Names Looking to Issue Debt

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EURO SUMMARY: *Nov22 Euro-dollar open $1.1738, range $1.1733 to $1.1748
*Euro opened in Asia toward the middle of the $1.1713 to $1.1758 range witnessed
yesterday, where the single currency was largely pulled around by cross
activity, predominantly against krona and sterling.
*Ahead of tomorrow's US Thanksgiving Day holiday the Asia session was a low-key
affair. Euro idled between $1.1733 and $1.1748 with little in the way of flows
*Nearby option expiries for today include; $1.1700(E688mn), $1.1750(E971mn) and 
*Resistance is located at $1.1756/58 (100-dma, Nov21 high), while hourly support
is found at $1.1724.

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