EFTA Document EFTA01965470

To: Jeffrey Epstein(jeevacationagmail.com) From: Laurie Cameron Sent Wed 8/7/2013 9:39:39 PM Subject: Ix market action today, 7 Aug close open high low USD/JPY 96.3600 97.7465 97.83Oo 96.3250 GBP/USD 1.5488 1.5348 1.5532 1.5205 AUD/USD 0.9001 0.8988 0.9027 0.8920 USD/CAD 1.0423 1.0376 1.0447 1.0366 NZD/USD 0.7970 0.7901 0.8000 0.7883 GBP: The biggest move today was in GBP. Bank of England Inflation report and bank gov. Mark Carney's press conference resulted in - unemployment targeting (like the FED) and - small upward revisions of GDP forecasts - target int rate stays at .5%. - inflation target maintained at 2% Carney provided forward guidance, essentially saying the bank won't increase interest rate or "taper" QE until unemployment falls below 7.0%. Currently, unemp is 7.8%. BoE's forecast shows expectation of high unemployment and continued QE to Q3 2016 Q3 (3 years from now). BoE's GDP forecasts: 2013 revised up from 1.2% to 1.5%; 2014 revised up from 1.9% to 2.4%. Despite Carney's warning that current growth is still slow by historical standards, the FX market considered this information to be extremely bullish for GBP. demand slowed at the end of the day. There is a strong technical resistance at 1.5750. EFTA_R1_00442885 EFTA01965470 JPY: Considerable USD/JPY profit taking ahead of BOJ announcement tonight/tomorrow am. STC position to follow. thank you EFTA_R1_004428643 EFTA01965471