ACM / Economic calendar and daily foreign exchange news & analysis

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Demo|Live|Free Practice  Daily Newsletter: 23/06/2009  By Peter Rosenstreich - ACM Advanced Currency Markets, Geneva, Switzerland Today's Economic Calendar:  TIME (GMT)    EVENT  VALUE NAME   CONS.   04:00    US:FOMC Meeting Begins    06:45    FR:Consumer Mfgd Goods Consumption Month over Month -0.3%       Year over Year -0.6%   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%   14:00    US:Existing Home Sales Existing Home Sales - Level - SAAR 4.85M       Existing Home Sales - M/M Change 0%       Existing Home Sale - Yr/Yr Change 0%   23:50    JP:Merchandise Trade Level Y-20B   Full week Economic Calendar         World Bank Downgrade its Global Growth Estimate News and Events: Yesterday, price move were conveniently attributed to the World Bank's downgrade of its global growth estimates. The S&P500 closed back below its 200-day MA and threatening its recent range low at 878. Asian equity markets are also much lower, gold breaking below six-month trend line support, it is perhaps not surprising that commodity currencies are weak and the JPY is rallying. The EURCHF is once again focused on testing the 1.5000 barrier. Outside the economic release, the US Treasury will auction $40bln in 2-year notes today, with markets watching for any signs that foreign demand for US sovereign debt is declining. Read Today's Key Issues and The Risk Today         Resistance and Support: EURUSD GBPUSD USDJPY USDCHF 1.4180 1.6660 98.90 1.0990 1.4050 1.6560 97.20 1.0960 1.3970 1.6300 95.50 1.0880 1.3902 1.6322 95.26 1.0821 1.3790 1.6305 94.50 1.0750 1.3725 1.6257 93.50 1.0650 1.3600 1.6040 92.40 1.0590 S: Strong, M: Minor, T: Trendline, K: Keylevel, P: Pivot Quick access to our 5 previous newsletters:  Subtle USD Strength in an Uncertain Market  FX Markets Range Bound & SNB Policy Unchanged  SNB Rate Announcement & Philly Fed Index  Usd Gains Halted as Risk Appetite Returns  USD Survives G8 and Continues to Strengthen Ahead of BRIC... 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