Mizuho Corporate Bank

Start the Day 05 August 2010

http://www.mizuho-cb.co.uk/

Quote: ‘America! America!

God shed His grace on thee
And crown thy good with brotherhood
From sea to shining sea!’ Katharine Lee Bates (1859-1929)
The News: Japanese PM Kan says ‘optimism is not warranted about the [economic] situation in other countries’.
The Numbers: British Summer Time, with expectations and previous figures in brackets.
00:01 GB July New Car Registrations versus +10.8% Y/Y June.
11:00 DE June Factory Orders (0% to +2.0% M/M, +19.5% to +25.0% Y/Y, versus –0.5% and +24.8% May).
12:00 GB Bank of England interest rate decision (unanimously expected unchanged at 0.50% and no more QE).
13:00 EZ16 ECB interest rate decision (unanimously expected unchanged at 1.00%); 13:30 news conference.
13:30 US Weekly Jobless Claims (444K to 470K, Continuing Claims 4500K to 4570K, vs 457K and 4565K prior week).
13:30 CA June Building Permits (-5.8% to +5.0% versus –10.8% May).
Websites www.mizuho-cb.co.uk , www.mizuhosecurities.com , Bloomberg MIZH.
The Psychology: Tomorrow the US Senate begins its recess, returning September 13th; Edinburgh Festival starts.
The Risk: The China Banking Regulatory Commission orders banks’ stress tests to include property values down by
50%, also instructing them to stop lending on third homes in some major cities.
Today’s most interesting chart: Eurodollar future Dec10
Tiny signs of instability at contract high 99.5950.
EDZ0, Last Trade [Candle], Last Trade [Ichimoku 9, 26, 52, 26] Daily
14Apr10 - 11Sep10
EDZ0 , Last Trade, Candle Pr
05Aug10 99.5500 99.5600 99.5450 99.5550 USD
tiny 'bearish engulfing' candle
EDZ0 , Last Trade, Tenkan Sen 9 99.55
05Aug10 99.5300
EDZ0 , Last Trade, Kijun Sen 26
05Aug10 99.4050 99.5
EDZ0 , Last Trade, Senkou Span(a) 52
09Sep10 99.4675 99.45
EDZ0 , Last Trade, Senkou Span(b) 52
09Sep10 99.2300
99.4
EDZ0 , Last Trade, Chikou Span 26
01Jul10 99.5550
99.35
massive 'wedge'

99.3

99.25

99.2

99.15

99.1

99.05

99

98.95

98.9

98.85

98.8

26Apr10 10May 24May 07Jun 21Jun 05Jul 19Jul 02Aug 16Aug 30Aug

Produced by London Branch - Nicole Elliott +44-20-7786-2509 (email Nicole.Elliott@mhcb.co.uk)

The information contained in this paper is based on or derived from information generally available to the public from sources believed to be reliable. No representation or
warranty is made or implied that it is accurate or complete. Any opinions expressed in this paper are subject to change without notice. This paper has been prepared
solely for information purposes and if so decided, for private circulation and does not constitute any solicitation to buy or sell any instrument, or to engage in any trading
strategy.

Charts provided by Reuters.