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

EUR/USD $1,0710 -0,19%

GBP/USD $1,2781 -0,48%

USD/CHF Chf0,998 +0,20%

USD/JPY Y108,84 +0,38%

EUR/JPY Y116,57 +0,20%

GBP/JPY Y139,11 -0,09%

AUD/USD $0,7494 -0,84%

NZD/USD $0,7002 -0,51%

USD/CAD C$1,348 +0,75%

01:30 Australia NAB Quarterly Business Confidence 5

06:00 Germany Producer Price Index (MoM) March 0.2% 0.1%

06:00 Germany Producer Price Index (YoY) March 3.1% 3.2%

12:00 U.S. FOMC Member Jerome Powell Speaks

12:30 U.S. Continuing Jobless Claims 2028 2020

12:30 U.S. Philadelphia Fed Manufacturing Survey April 32.8 25

12:30 U.S. Initial Jobless Claims 234 242

14:00 Eurozone Consumer Confidence (Preliminary) April -5 -4.8

14:00 U.S. Leading Indicators March 0.6% 0.2%

15:30 United Kingdom BOE Gov Mark Carney Speaks

17:15 U.S. Treasury Sec Mnuchin Speaks

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 1.0 million barrels from the previous week. At 532.3 million barrels, U.S. crude oil inventories are near the upper limit of the average range for this time of year.

Total motor gasoline inventories increased by 1.5 million barrels last week, and are near the upper limit of the average range. Finished gasoline inventories decreased while blending components inventories increased last week.

Distillate fuel inventories decreased by 2.0 million barrels last week but are in the upper half of the average range for this time of year. Propane/propylene inventories fell 0.7 million barrels last week and are in the lower half of the average range. Total commercial petroleum inventories decreased by 1.7 million barrels last week.

EURUSD: 1.0600 (EUR 545m) 1.0650 (665m) 1.0685 (600m) 1.0700 (1.3bln) 1.0750 (986m) 1.0770 (1.55bln) 1.0800 (1.15bln)

USDJPY: 108.00 (USD 370m) 108.50 (250m) 109.50 (260m) 110.00 (660m)

GBPUSD: 1.2750 (GBP 365m)

AUDUSD: 0.7450 (AUD 443m) 0.7575 (AUD 504m) 0.7680-90 (1.1bln)

USDCAD: 1.3250-60 (USD 285m) 1.3330-40 (425m) 1.3500 (326m)

EURJPY: 116.25-35 (EUR 375m) 117.50 (200m)

• Taking support away would change picture

• Still have to be convinced that return of inflation to 2 pct is sustainable

• Not much discussion today about adding to ecb balance sheet

• Says that european and french people want to keep the euro

EUR/USD

Offers: 1.0750 1.0780 1.0800 1.0830 1.0850

Bids: 1.0700 1.0680-85 1.0650 1.0635 1.0620 1.0600

GBP/USD

Offers: 1.2850 1.2880 1.2900 1.2920 1.2950-60 1.2975 1.3000

Bids: 1.2800 1.2775-80 1.2760 1.2750 1.2720 1.2700 1.2680 1.2650

EUR/JPY

Offers: 116.85 117.00 117.30 117.50 117.80 118.00

Bids: 116.50 116.30 116.00 115.80-85 115.50 115.20 115.00

EUR/GBP

Offers: 0.8380 0.8400 0.8425-30 0.8445-50 0.8480 0.8500-05

Bids: 0.8335 0.8320 0.8300 0.8280 0.8260 0.8200

USD/JPY

Offers: 109.00 109.20-25 109.50 109.80110.00 110.30 110.50

Bids: 108.50 108.30 108.00 107.80 107.50 107.00

AUD/USD

Offers: 0.7530 0.7550 0.7580 0.7600 0.7620 0.7650

Bids: 0.7500 0.7480-85 0.7465 0.7450 0.7400

• Expects its fiscal deficit at 2.9 pct/gdp in 2017, 2.5 pct in 2018, 2.0 pct in 2019 in eu convergence plan update

• Expects annual average cpi at 1.8 pct in 2017, 2.3 pct in 2018, 2.3 pct in 2019 in eu convergence plan update

• Public debt at 55.3 pct/gdp in 2017, 54.8 pct in 2018, 54.0 pct in 2019, 52.1 pct in 2020 - Finance Ministry

The first estimate for euro area (EA19) exports of goods to the rest of the world in February 2017 was €170.3 billion, an increase of 4% compared with February 2016 (€163.2 bn). Imports from the rest of the world stood at €152.6 bn, a rise of 5% compared with February 2016 (€144.9 bn). As a result, the euro area recorded a €17.8 bn surplus in trade in goods with the rest of the world in February 2017, compared with +€18.2 bn in February 2016. Intra-euro area trade rose to €149.1 bn in February 2017, up by 5% compared with February 2016. These data are released by Eurostat, the statistical office of the European Union.

Euro area annual inflation was 1.5% in March 2017, down from 2.0% in February. In March 2016 the rate was 0.0%. European Union annual inflation was 1.6% in March 2017, down from 2.0% in February. A year earlier the rate was 0.0%. These figures come from Eurostat, the statistical office of the European Union. The lowest annual rates were registered in Romania (0.4%), Ireland and the Netherlands (both 0.6%). The highest annual rates were recorded in Latvia (3.3%), Lithuania (3.2%) and Estonia (3.0%). Compared with February 2017, annual inflation fell in seventeen Member States, remained stable in six and rose in five. The largest upward impacts to euro area annual inflation came from fuels for transport (+0.48 percentage points), heating oil (+0.11 pp) and vegetables (+0.08 pp), while telecommunication and package holidays (-0.09 pp each), and garments (-0.05 pp) had the biggest downward impacts.

In February 2017 seasonally-adjusted data, compared to January 2017, decreased by 2.0% for outgoing flows while increased by 1.3% for incoming flows. The decrease of exports is the result of an increase for EU countries (+0.3%) and a decrease for non EU countries (-4.7%). The increase of imports is the result of an increase for EU countries (+2.5%) and a drop for non EU countries (-0.4%). Over the last three months, seasonally-adjusted data, in comparison with the previous three months, showed a growth of 3.7% for exports and of 5.6% for imports.

In February 2017, compared with the same month of the previous year, exports and imports increased (+2.3% and +9.1% respectively). Outgoing flows increased by 1.3% for EU countries and by 3.6% for non EU countries. Incoming flows increased by 7.3% for EU area and by 11.9% for non EU area. The trade balance in February amounted to +1.9 billion Euros (+0.2 billion Euros for EU area and +1,7 billion Euros for non EU countries).

• We won't be doing television debates in election campaign

• Says holding election now will provide stability for longer period

• Planned 2020 election would have clashed with crunch time in EU talks

EUR/USD

Resistance levels (open interest**, contracts)

$1.0857 (1052)

$1.0819 (455)

$1.0795 (166)

Price at time of writing this review: $1.0719

Support levels (open interest**, contracts):

$1.0657 (531)

$1.0608 (757)

$1.0548 (1947)

Comments:

- Overall open interest on the CALL options with the expiration date June, 9 is 60413 contracts, with the maximum number of contracts with strike price $1,1100 (5074);

- Overall open interest on the PUT options with the expiration date June, 9 is 60770 contracts, with the maximum number of contracts with strike price $1,0400 (5229);

- The ratio of PUT/CALL was 1.01 versus 1.09 from the previous trading day according to data from April, 18

GBP/USD

Resistance levels (open interest**, contracts)

$1.3109 (720)

$1.3012 (1249)

$1.2917 (970)

Price at time of writing this review: $1.2820

Support levels (open interest**, contracts):

$1.2785 (305)

$1.2689 (221)

$1.2592 (437)

Comments:

- Overall open interest on the CALL options with the expiration date June, 9 is 18056 contracts, with the maximum number of contracts with strike price $1,2800 (2216);

- Overall open interest on the PUT options with the expiration date June, 9 is 20503 contracts, with the maximum number of contracts with strike price $1,1500 (3064);

- The ratio of PUT/CALL was 1.14 versus 1.16 from the previous trading day according to data from April, 18

* - 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.

• U.S will protect freedom of navigation and overflight in South China sea, will ensure unimpeded flow of lawful commerce

• Those who would challenge our resolve should know we will defeat any attack with overwhelming response

• US tightening, trade risks weigh on APAC growth outlook

The March 2017 trend estimate (96,023) decreased by 0.3% when compared with February 2017.

When comparing national trend estimates for March 2017 with February 2017, sales for Sports utility vehicles and Other vehicles increased by 0.2%and 0.5% respectively. By contrast, sales for Passenger vehicles decreased by 1.3%.

The largest downward movement across all states and territories, on a trend basis, was in Tasmania (-1.9%), continuing a downward trend that began in November 2016.

The Northern Territory was the only jurisdiction not to record a decrease in sales.