Monday, June 29, 2009

ACM / Economic calendar and daily foreign exchange news & analysis

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Daily Newsletter: 29/06/2009 
By Philippe Meyer - ACM Advanced Currency Markets, Geneva, Switzerland
Today's Economic Calendar:
 TIME (GMT)    EVENT  VALUE NAME   CONS.  
09:00    EMU:EC Economic Sentiment Level 71  
19:00    US:Farm Prices   
23:30    JP:Household Spending Year over Year -1.9%  
23:30    JP:Unemployment Rate Level 5.2%  

Full week Economic Calendar        

'09 Q2 draws to a close – risk aversion remains a pertinent theme as key players are looking to undermine the dollar's central role.
News and Events:
The EURUSD has traded a broad 1.3750 – 1.4150 range for the past month as the pair attempts to find direction. The indicator rose to 73.3 against the 70.2 may reading – adding signs that record low interest and stimulus measures in the EU is really helping the 16 nation region pull out of this recession.

Read Today's Key Issues and The Risk Today        



Resistance and Support:
EURUSD GBPUSD USDJPY USDCHF
1.4185 1.6625 96.60 1.1025
1.4140 1.6600 96.00 1.0990
1.4100 1.6550 95.60 1.0950
1.4047 1.6540 95.40 1.0865
1.3984 1.6470 95.33 1.0825
1.3889 1.6428 95.00 1.0800
1.3827 1.6230 94.50 1.0765
S: Strong, M: Minor, T: Trendline, K: Keylevel, P: Pivot


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