ACM / Economic calendar and daily foreign exchange news & analysis

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Demo|Live|Free Practice  Daily Newsletter: 21/07/2009  By Peter Rosenstreich - ACM Advanced Currency Markets, Geneva, Switzerland Today's Economic Calendar:  TIME (GMT)    EVENT  VALUE NAME   CONS.   11:45    US:ICSC-Goldman Store Sales Store Sales - W/W change 0%       Store Sales - Y/Y 0%   12:55    US:Redbook Store Sales Y/Y change 0%   13:00    CA:Bank of Canada Announcement Change 0bp       Level 0.25%   Full week Economic Calendar         Bernanke Goes To Congress News and Events: With a light calendar today and low volumes, price action is still defined by choppy trading and lack of direction. In Australia, the RBA released the July Board Meeting minutes, where the central bank held rates at 3.00%. Leading up to Bernanke's congressional testimony, the Chairman penned an article for the WSJ. In this morning article, he made it clear it was highly unlikely that tightening would occur for a while, given the uncertain economic conditions. In Canada , the BoC will meet today and is universally expected to keep rates at hold at 0.25%. Read Today's Key Issues and The Risk Today         Resistance and Support: EURUSD GBPUSD USDJPY USDCHF 1.4350 1.6620 96.80 1.0875 1.4280 1.6590 96.25 1.0764 1.4250 1.6550 94.60 1.0707 1.4211 1.6429 94.16 1.0695 1.4150 1.6381 93.86 1.0654 1.4055 1.6270 93.20 1.0590 1.3920 1.6145 92.60 1.0550 S: Strong, M: Minor, T: Trendline, K: Keylevel, P: Pivot Quick access to our 5 previous newsletters:  Bernanke's Semi-Annual Monetary Policy Testimony & Corporate...  Dollar pares gains ahead of BofA and CITI Q2 results  Q2 Earnings season spurs risk appetite  Strong Corporate Earnings Give Risk Correlated Assets a Boost  Waiting for Corporate Earnings and US Retail Sales 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