Mizuho Corporate Bank

Start the Day 03 August 2010

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

Quote: ‘With my sunglasses on, I’m Jack Nicholson. Without them, I’m fat and sixty.’ Jack Nicholson (1937-)
The News: Three million people affected by floods in Pakistan.
The Numbers: British Summer Time, with expectations and previous figures in brackets.
05:30 Reserve Bank of Australia leaves rates unchanged at 4.50%; consumers displaying a degree of caution.
05:45 JP ten-year JGB auction bid-to-cover 4.18, yield 1.045, tail 0,02 basis points.
08:15 CH July CPI (-0.6% to –0.2% M/M, +0.5% to +1.0% Y/Y, versus –0.4% and +0.5% June).
09:30 GB July Construction PMI (57.5 to 59.0 versus 58.4 June).
10:00 EZ16 June PPI (+0.3% to +0.5% M/M, +3.0% to +3.3% Y/Y, versus +0.3% and +3.1% May).
13:30 US June Personal Income (0% to +0.3% M/M, Spending –0.1% to +0.2%, vs +0.4% and +0.2% May).
13:30 US June Core PCE (0% to +0.2% M/M, +1.2% to +1.3% Y/Y, Deflator +1.2% to +1.4%, versus +0.2%, +1.3%
and +1.9% May).
15:00 US June Factory Orders (-1.2% to +1.0% versus –1.4% May).
15:00 US June Pending Home Sales (-8.0% to+10.0% versus –30.0% May).
22:00 US July Vehicle Sales (11.1M to 12.1M, Domestic 8.6M to 9.3M, versus 11.08M and 8.57M June).
00:01 GB July BRC Shop Price Index.
Websites www.mizuho-cb.co.uk , www.mizuhosecurities.com , Bloomberg MIZH.
The Psychology: Mr. Bernanke says, ‘we have a considerable way to go to achieve full recovery in our economy,
and many Americans are still grappling with unemployment, foreclosure and lost savings’.
The Risk: US Treasury to borrow $350B in Q3 and $380B in Q4 2010.
Today’s most interesting chart: US Dollar Index future
Front month contract meeting small ‘head-and-shoulder’ target.
DXc1, Last Trade [Candle][MA 10][MA 20] Daily
01Mar10 - 05Aug10
Pr
DXc1 , Last Trade, Candle
03Aug10 81.01 81.07 80.98 81.04
88.5
DXc1 , Close(Last Trade), MA 10
03Aug10 82.14
DXc1 , Close(Last Trade), MA 20 88
03Aug10 82.82
87.5

87

86.5

86

85.5

85

84.5

84

83.5

83

82.5

82

81.5

81

80.5

80

79.5

02Mar10 16Mar 23Mar 30Mar 06Apr 13Apr 20Apr 27Apr 04May 11May 18May 25May 01Jun 08Jun 15Jun 22Jun 29Jun 06Jul 13Jul 20Jul 27Jul 03Aug

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.

 Mizuho Corporate Bank

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.