Trade the News Market Internals Update

**Looking Ahead***

– 11:00 (US) Fed to purchase $1.5-2.5B in Notes/Bonds
– 11:30 (US) Treasury to sell 4-Week Bills
– 13:00 (US) Treasury to sell $35B in 2-Year Notes
– 15:00 (AR) Argentina Mar Shop Center Sales Y/Y: No est v 16.3% prior
– 16;30 (US) API Weekly Energy Inventories
– 22:00 (CH) China Mar YTD Industrial Profits Y/Y: No est v 34.3% prior

10:30 AM Market Internals update at 10:30ET

– NYSE volume 175M shares, about 20% below its three-month average; advancers lead decliners by 2.3:1.

– NASDAQ volume 451M shares, about 4% below its three-month average; advancers lead decliners by 1.8:1.
– VIX index -2% at just over 15.00

5:36 AM TradeTheNews.com European Market Update: Reserve diversification continues to hamper the greenback

***Economic Data***

– (SI) Singapore Mar Industrial Production M/M: 22.0% v 22.6%e; Y/Y: 22.0% v 23.8%e
– (JP) Japan Nationwide Dept Store Sales Y/Y: -14.7% v +0.7% prior; Tokyo Dept Store sales Y/Y: -21.5 v +1.7% prior
– (SZ) Swiss Mar Trade Balance (CHF): 1.1B v 2.4B prior; Real Exports M/M: -4.8% v 3.6% prior; Real Imports M/M: 1.3% v 0.9% prior
– (SZ) Swiss Mar UBS Consumption Indicator: 1.660 v 1.453 prior
– (CZ) Czech Apr Business Confidence: 11.9 v 13.6 prior; Consumer Confidence: -18 v -19 prior; Composite Confidence: 5.9 v 7.1 prior
– (NV) Netherlands Apr Producer Confidence: 4.6 v 5.0e
– (SW) Sweden Mar Unemployment Rate: 8.1% v 7.8%e
– (EU) Euro-Zone 2010 Govt Debt/GDP Ratio: 85.1 v 79.3% prior
– (IR) Ireland Mar PPI M/M: -0.2 v -0.2% prior; Y/Y: 0.9 v 0.6% prior
– (UK) Apr CBI Industrial Trends Total Orders: -11 v +2e; Business optimism: 9 v 10e