ACM / Economic calendar and daily foreign exchange news & analysis

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Demo|Live|Free Practice  Daily Newsletter: 06/07/2009  By Philippe Meyer - ACM Advanced Currency Markets, Geneva, Switzerland Today's Economic Calendar:  TIME (GMT)    EVENT  VALUE NAME   CONS.   14:00    US:ISM Non-Mfg Index Composite Index - Level 46.7   Full week Economic Calendar         Haven currencies benefit from strong return of risk aversion as green shoots wither. News and Events: The G8 summit starts this Wednesday in L'Aquila, Italy and will last for 2 days. There is much speculation that one of the main focuses will be the greenback and it's global reserve status. Q2 earnings kick off with Alcoa on Wednesday. We expect Q2 numbers to reflect the general view that the "green shoots" everyone was seeing during Q2 were merely a bear market rally and not based on sound economic factors. Read Today's Key Issues and The Risk Today         Resistance and Support: EURUSD GBPUSD USDJPY USDCHF 1.4200 1.6329 96.80 1.1018 1.4150 1.6230 96.14 1.0960 1.3999 1.6154 95.50 1.0935 1.3912 1.6116 95.29 1.0921 1.3890 1.6080 95.03 1.0900 1.3828 1.5941 94.80 1.0856 1.3755 1.5809 93.86 1.0708 S: Strong, M: Minor, T: Trendline, K: Keylevel, P: Pivot Quick access to our 5 previous newsletters:  Risky Assets take a hit on U.S. Payrolls  Markets are on hiatus ahead of ECB rate decision and early...  Dollar steady on lower US Consumer Confidence  Risk appetite creeps back into markets  '09 Q2 draws to a close – risk aversion remains a pertinent... This e-mail is intended solely for the indicated recipient(s). It may contain privileged and/or confidential information. If you are not one of the intended recipients, please notify the sender immediately and destroy this e-mail; you must not copy, distribute or take any action in reliance on the information contained within. Whilst all efforts are made to safeguard inbound and outbound e-mails, ACM SA cannot guarantee that attachments are virus free or compatible with your software and declines any liability in respect to viruses or computer problems experienced. Any views expressed in this message are those of the individual sender, except where specifically stated to be the view of ACM SA, its subsidiaries or associates. Additionally ACM SA declines any liability connected with losses incurred on transactions based on any market information and/or opinions contained within this e-mail. This message has been checked for all known viruses by McAfee Virus scan. DIRECT LINKS:   Forex Trading   New To Forex   Forex Quotes   Charts   White Labels   Asset Managers   Introducing Brokers     unsubscribe