Epstein Secrets

ts. It is not an offer or a solicitation of an offer to buy or sell any financial instruments or to participate in any particular trading strategy. Target prices are inherently imprecise and a product of the analyst ' s judgment. The financial instruments discussed in this report may not be suitable fo

arman Global Head of Debt Research Michael Spencer Head of APAC Research Global Head of Economics Paul Reynolds Head of EMEA Equity Research Andreas Neubauer Head of Research - Germany International Production Locations Dave Clark Head of APAC Equity Research Steve Pollard Head of Americas Research

retionratiomi Asthma only II e not an offer or a solicitation of an acerb buy Or set any Mental roma-emu or to mactOte in any panther trading untegY Target Seth6 are inherently manes* and • Podute e the inre1151 eggemere Marine of Doesch• Bthes Mirth 2010 ace-neon of BOG tank AA a Warty may teeming by m

k SUCS/I Inc GO Wall Street New York. NY 10006 United States of AWAStiCS Tel Richard Smith and Steve Pollard Co-Global Heads Equity Research Andreas Neubauer Regional Head Equity Research. Germany Filiale Hongkong International Commerce Centre. 1 Austin Road West:Kowloon. Hong Kong Tel: Steve Polla

.17% (spot ref: 3.68) from the EMEA Daily Compass on March 11 th . Little to prevent further grind lower to 2011 lows around 3.40, stop @ 3.73. Target a continued gradual grind higher in PLN/CZK. Target 6.400, stop @ 6.10. Buy a 3m USD/ZAR call with a 9.20 strike and KO at 9.65 for 32bps. Spot re

Hong Kong Tel: Deutsche Securities Inc. Chiyoda-ku, Tokyo 100-6171 Japan Tel: Ralf 14Mo matil!".11111 Speyer Co-Heads DB Research Germany Andreas Neubauer Regional Head Guy Ashton Chief Operating Officer EFTA01464475 Research Richard Smith Associate Director Equity Research North America Stev

nly. It is not an offer or a solicitation of an offer to buy or sell any financial instruments or to participate in any particular trading strategy Target prices are inherently imprecise and a product of the analyst judgement. Foreign exchange transactions carry risk and may not be appropriate for al

Australia Corner of Hunter & Phillip Streets Sydne NSW 2000 Tel: EFTA01464568 Ralf Hoffmann & Bernhard Speyer Co-Heads DB Research Germany Andreas Neubauer Regional Head Guy Ashton Chief Operating Officer Research Richard Smith Associate Director Equity Research Americas Steve Pollard Regional