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| | Demo|Live|Free Practice  Daily Newsletter: 22/06/2009
By Peter Rosenstreich - ACM Advanced Currency Markets, Geneva, Switzerland | | | | Subtle USD Strength in an Uncertain Market | News and Events: Uncertainty seems to be the core theme in FX markets, with the USD stuck in limbo.
The event of the day, German IFO, printed higher than expecteed, with the business climate reading coming out at 89.5 vs. 86.9 exp.
The key event for markets this week will be the FOMC meeting, where markets hope they will be give some level of clarity regarding the timing of further tightening and prospects of the Feds QE program.  Read Today's Key Issues and The Risk Today
| Resistance and Support: | EURUSD | GBPUSD | USDJPY | USDCHF | | 1.4265 | 1.6780 | 98.89 | 1.1032 | | 1.4030 | 1.6660 | 98.90 | 1.0988 | | 1.3970 | 1.6560 | 97.20 | 1.0952 | | 1.3866 | 1.6419 | 95.99 | 1.0862 | | 1.3730 | 1.6305 | 95.50 | 1.0750 | | 1.3680 | 1.6257 | 94.45 | 1.0650 | | 1.3600 | 1.6040 | 94.00 | 1.0591 | | S: Strong, M: Minor, T: Trendline, K: Keylevel, P: Pivot | | Quick access to our 5 previous newsletters: |
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