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"Short term volatility is greatest at turning points and diminishes as the trend becomes established "

-George Soros

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DATE

IST

RELEASE

CONSENSUS

ACTUAL

REVISED

16-May	14:30	Eurozone Trade balance (euro) Mar	2.5B	-2.3B	0.8 B
16-May	18:00	U.S. Building permits Apr	0.92M	0.978M	0.928 M
16-May	18:00	U.S. Building permits M/M Apr	N/A	4.90%	-5.70%
16-May	18:00	U.S. Housing starts Apr	0.94 M	1.032M	0.947 M
16-May	18:00	U.S. Housing starts M/M Apr	N/A	8.20%	-11.90%
16-May	19:30	U.S. U. Michigan survey Prel. May	63		62.6

Support 1 1.9400 1.5400 104.40 41.80

Support 2 1.9340 1.5330 103.50 41.50

Resistance 1 1.9590 1.5560 105.20 42.80

Resistance 2 1.9650 1.5650 106.50 43.00

Short Term Bearish Bearish Bearish Bearish

Medium Term Bearish Bearish Bullish Bullish

Long Term Bearish Bearish Bearish Bullish