(pare/closed(GMT +2)/change, %)

EUR/USD $1,0593 +0,04%

GBP/USD $1,2417 +0,37%

USD/CHF Chf1,0084 -0,06%

USD/JPY Y110,86 -0,18%

EUR/JPY Y117,44 -0,16%

GBP/JPY Y137,64 +0,17%

AUD/USD $0,7502 +0,03%

NZD/USD $0,6962 +0,42%

USD/CAD C$1,3328 -0,58%

01:30 Australia National Australia Bank's Business Confidence March 7

06:00 Japan Prelim Machine Tool Orders, y/y March 9.1%

08:30 United Kingdom Producer Price Index - Output (YoY) March 3.7% 3.3%

08:30 United Kingdom Producer Price Index - Input (MoM) March -0.4% 0.1%

08:30 United Kingdom Producer Price Index - Input (YoY) March 19.1% 17.1%

08:30 United Kingdom Producer Price Index - Output (MoM) March 0.2% 0.1%

08:30 United Kingdom HICP ex EFAT, Y/Y March 2% 1.9%

08:30 United Kingdom Retail prices, Y/Y March 3.2% 3.2%

08:30 United Kingdom Retail Price Index, m/m March 1.1% 0.4%

08:30 United Kingdom HICP, m/m March 0.7% 0.3%

08:30 United Kingdom HICP, Y/Y March 2.3% 2.3%

09:00 Eurozone Industrial production, (MoM) February 0.9% 0.1%

09:00 Eurozone Industrial Production (YoY) February 0.6% 1.9%

09:00 Eurozone ZEW Economic Sentiment April 25.6 25

09:00 Germany ZEW Survey - Economic Sentiment April 12.8 14

14:00 U.S. JOLTs Job Openings February 5.626 5.59

17:45 U.S. FOMC Member Kashkari Speaks

23:50 Japan Core Machinery Orders February -3.2% 2.7%

23:50 Japan Core Machinery Orders, y/y February -8.2%

EURUSD: 1.0520 (EUR 221m) 1.0640-50 (680m)

USDJPY: 110.00 (EUR 560m) 110.20-30 (481m) 111.00 (296m) 111.40-50 (902m)(805m) 111.60 (205m) 112.00 (740m) 112.50 (495m)

EURGBP: 0.8600 (EUR 400m) 0.8700 (490m)

USDCHF 1.0065-70 (USD 185m)

AUDUSD: 0.7430 (AUD 400m) 0.7565-75 (1.3bln)

USDCAD: 1.3340-50 (USD 380m) 1.3485-90 (180m)

• IMF chief Lagarde says investment in broadband and on education are areas where Germany could invest

• Germany needs to increase investment, not only on infrastructure, to address surplus excess

• It is clear that german industry and business sector has done extremely well at exporting

• Excessive current account surplus is partly due to aging population

Housing starts are trending higher at 211,342 units in March 2017, compared to 205,521 units in February 2017, according to Canada Mortgage and Housing Corporation (CMHC). This trend measure is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.

"March housing starts were at their highest level since September 2007, pushing the trend in housing starts upward for a third consecutive month," said Bob Dugan, CMHC's Chief Economist. "Stronger residential construction at the national level is reflected by a rising trend in single-detached and multi-unit starts in Ontario and continued growth of new rental apartments in Québec."

Vancouver housing starts trended lower for the fourth consecutive month but, remained above the five-year average. Actual housing starts reached the highest level on record for March since 1972, driven by new apartment construction. Starts activity in the Vancouver CMA is also picking up again after an unusually cold winter.

EUR/USD

Offers: 1.0600 1.0630 1.0650 1.0670 1.0685 1.0700

Bids: 1.0565 1.0550 1.0530 1.0500 1.0485 1.0465 1.0450

GBP/USD

Offers: 1.2400-05 1.2430 1.2450 1.2465 1.2480 1.2500 1.2520 1.2550-55 1.2500

Bids: 1.2375-80 1.2350 1.2330 1.2300 1.2285 1.2250

EUR/JPY

Offers: 118.00 118.30 118.50 118.65 118.80 119.00

Bids: 117.65 117.50 117.30 117.00 116.85 116.50 116.00

EUR/GBP

Offers: 0.8550-55 0.8580 0.8600 0.8630 0.8650

Bids: 0.8520 0.8500 0.8485 0.8465 0.8450 0.8430 0.8400

USD/JPY

Offers: 111.50 111.65 111.80 112.00 112.20 112.50

Bids: 111.20 111.00 110.80-85 110.65 110.50 110.25-30 110.00

AUD/USD

Offers: 0.7500 0.7520 0.7550 0.7565 0.7580 0.7600

Bids: 0.7465 0.7450 0.7425-30 0.7400

• Macron seen beating Le Pen in run-off vote by 62 pct

• Fillon would beat Le Pen in run-off vote by 57 pct to 43 pct if Fillon made it through to second round

The Euro area economy continues to grow. For the fourth time in a row, the current situation assessment has risen: to its highest level since January 2008 at 28,8 points.

• The Euro area therefore emancies itself somewhat from the global tendencies as the assessment of the other world regions is by no means clear. A noticeable drop in expectations is measurable for the US economy.

• But Eastern Europe and Latin America are also hard to reconcile into a stable growth environment.

In this context, investors are increasingly looking to the ECB. The statement by Mario Draghi, that he sees no reason for a change of the monetary policy, appears against the background of this robust economic assessment barely understandable. This position is understandable with a view to the inflation risks, which are estimated by investors to be lower than last due to the relatively stable oil prices. But the bond market investors should not cheer too early. Investors do not let loose the expectations of a more restrictive course for the monetary policy, because Mario Draghi might perhaps rethink his attitude with regard to these sentix indicators.

EURUSD: 1.0520 (EUR 221m) 1.0640-50 (680m)

USDJPY: 110.00 (EUR 560m) 110.20-30 (481m) 111.00 (296m) 111.40-50 (902m)(805m) 111.60 (205m) 112.00 (740m) 112.50 (495m)

EURGBP: 0.8600 (EUR 400m) 0.8700 (490m)

USDCHF 1.0065-70 (USD 185m)

AUDUSD: 0.7430 (AUD 400m) 0.7565-75 (1.3bln)

USDCAD: 1.3340-50 (USD 380m) 1.3485-90 (180m)

• Personally, could do one more rate rise this year

• Jobs report was relatively weak, fits with view that inflation will remain around 2 pct

• Will take a bit of time to get agreement on ending reinvestment

• Doesn not see case for going faster on rates

• Concern among Japan firms on how Trump's policies could affect exports, overseas production is spreading

• Many firms still trying to scrutinise impact of U.S trade policies as some areas still lacking concrete plans

The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 0.4%. Investment housing commitments rose 0.7% and owner occupied housing commitments rose 0.2%.

In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions fell 2.7%.

In trend terms, the number of commitments for owner occupied housing finance rose 0.3% in February 2017.

In trend terms, the number of commitments for the purchase of established dwellings rose 0.4%, while the number of commitments for the construction of dwellings fell 0.1% and the number of commitments for the purchase of new dwellings was flat.

In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments fell to 13.3% in February 2017 from 13.4% in January 2017. The number of first home buyer commitments rose by 7.5% to 6,596 in February from 6,136 in January; the number of non-first home buyer commitments also rose.

EUR/USD

Resistance levels (open interest**, contracts)

$1.0798 (614)

$1.0761 (1071)

$1.0709 (462)

Price at time of writing this review: $1.0583

Support levels (open interest**, contracts):

$1.0525 (746)

$1.0480 (1642)

$1.0425 (2675)

Comments:

- Overall open interest on the CALL options with the expiration date June, 9 is 49704 contracts, with the maximum number of contracts with strike price $1,1000 (4213);

- Overall open interest on the PUT options with the expiration date June, 9 is 56161 contracts, with the maximum number of contracts with strike price $1,0400 (5292);

- The ratio of PUT/CALL was 1.13 versus 1.15 from the previous trading day according to data from April, 7

GBP/USD

Resistance levels (open interest**, contracts)

$1.2706 (769)

$1.2609 (365)

$1.2513 (967)

Price at time of writing this review: $1.2382

Support levels (open interest**, contracts):

$1.2287 (637)

$1.2190 (547)

$1.2093 (625)

Comments:

- Overall open interest on the CALL options with the expiration date June, 9 is 16058 contracts, with the maximum number of contracts with strike price $1,3000 (1406);

- Overall open interest on the PUT options with the expiration date June, 9 is 17275 contracts, with the maximum number of contracts with strike price $1,1500 (3063);

- The ratio of PUT/CALL was 1.08 versus 1.09 from the previous trading day according to data from April, 7

* - The Chicago Mercantile Exchange bulletin (CME) is used for the calculation.

** - Open interest takes into account the total number of option contracts that are open at the moment.