ACM / Economic calendar and daily foreign exchange news & analysis

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Demo|Live|Free Practice  Daily Newsletter: 15/07/2009  By Peter Rosenstreich - ACM Advanced Currency Markets, Geneva, Switzerland Today's Economic Calendar:  TIME (GMT)    EVENT  VALUE NAME   CONS.   04:00    JP:Bank of Japan Announcement Change 0bp       Level 0.1%   08:00    IT:CPI Month over Month 0.1%       Year over Year 0.5%   08:30    GB:ILO Unemployment Rate Level 7.4%   08:30    GB:Average Earnings Year over Year 2%   08:30    GB:Claimant Unemployment Rate Level 5%   09:00    EMU:HICP Month over Month 0.2%       Year over Year -0.1%   11:00    US:MBA Purchase Applications Purchase Index - Level 0   12:30    CA:Factory Shipments Month over Month -2.5%       Year over Year 0%   12:30    US:Empire State Mfg Survey General Business Conditions Index - Level -4.5   12:30    US:Consumer Price Index CPI - M/M change 0.7%       CPI less food & energy 0.1%   13:15    US:Industrial Production Production - M/M change -0.7%       Capacity Utilization Rate - Level 67.8%   14:30    US:EIA Petroleum Status Report Crude oil inventories (weekly change) 0M barrels   18:00    US:FOMC Minutes    23:50    JP:Tertiary Index Month over Month -0.7%       Year over Year 0%   Full week Economic Calendar         Strong Corporate Earnings Give Risk Correlated Assets a Boost News and Events: FX markets are continuing to respond well to the resurgence of risk appetite with risk corrolated currencies moving lock-n-step. In Japan, the BoJ wrapped up its two-day meeting deciding to hold rates at 0.10% as was universally expected. The EURUSD continues to catch a strong bid on the medium term uptrend, but is still struggling with the noise in front, around the 1.4050 / 80 levels. With a rash of scheduled releases, including the FOMC minutes (no major surprises expected) and additional corporate earnings our pro-risk trades will be nimble but overall favour selling USD and JPY. Read Today's Key Issues and The Risk Today         Resistance and Support: EURUSD GBPUSD USDJPY USDCHF 1.4250 1.6580 95.50 1.1060 1.4200 1.6490 94.60 1.1020 1.4135 1.6380 94.10 1.0930 1.4075 1.6308 93.45 1.0783 1.3970 1.6270 92.15 1.0800 1.3910 1.6225 91.00 1.0705 1.3870 1.6145 89.80 1.0630 S: Strong, M: Minor, T: Trendline, K: Keylevel, P: Pivot Quick access to our 5 previous newsletters:  Waiting for Corporate Earnings and US Retail Sales  Lack of Real News Will Keep FX Markets Rangebound  Comments From China Provide Some Buzz on this Quiet Summer...  EURCHF , USDJPY and the BoE  USDJPY approaches its 4 Months low 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