ACM / Economic calendar and daily foreign exchange news & analysis

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Demo|Live|Free Practice  Daily Newsletter: 01/07/2009  By Loic Bondiguel - ACM Advanced Currency Markets, Geneva, Switzerland Today's Economic Calendar:  TIME (GMT)    EVENT  VALUE NAME   CONS.   01:30    AU:Retail Sales Month over Month 1.5%       Year over Year 0%   04:00    US:Monster Employment Index Monster Employment Index 0   04:00    US:Motor Vehicle Sales Domestic Vehicle Sales 0M   06:00    DE:Retail Sales Month over Month -0.1%       Year over Year 0%   11:00    US:MBA Purchase Applications Purchase Index - Level 0   11:30    US:Challenger Job-Cut Report Announced Layoffs - Level 0   12:15    US:ADP Employment Report ADP Nonfarm Private Payroll Employment 0M/M Difference   14:00    US:Construction Spending Construction Spending - M/M change -0.5%       Construction Spending - Y/Y change 0%   14:00    US:ISM Mfg Index ISM Mfg Index - Level 45   14:00    US:Pending Home Sales Index Pending Home Sales Index - M/M 0%       Pending Home Sales Index - Level 0   14:30    US:EIA Petroleum Status Report Crude oil inventories (weekly change) 0M barrels   Full week Economic Calendar         Dollar steady on lower US Consumer Confidence News and Events: Market was volatile on the last day of the quarter and half-year, and analysts said corporate demand to buy and sell the dollar for last-minute book keeping purposes was driving broader currency movements. The Dollar steadied overnight, holding gains made the previous day after an unexpected fall in U.S. consumer morale cooled optimism about an economic recovery, prompting investors to seek the safety of the greenback. EURUSD has traded even lower this morning on the back of an FT article rehashing the UK's bad GDP result yesterday. EURUSD traded in a range of 1.4000-1.4054 and USDJPY in a range of 96.17-96.99 as volatility continues to ease. The Yen edged down against the dollar after the news but the market's reaction was subdued overall as investors decided that it offered no surprise. As the BOJ's closely watched tankan survey has passed, investors now await the U.S. government's high-profile monthly employment report. Read Today's Key Issues and The Risk Today         Resistance and Support: EURUSD GBPUSD USDJPY USDCHF 1.4270 1.6895 98.60 1.1025 1.4205 1.6620 98.35 1.0960 1.4150 1.6550 97.90 1.0935 1.4064 1.6427 96.78 1.0831 1.3920 1.6340 95.80 1.0760 1.3880 1.6280 95.30 1.0715 1.3830 1.6230 95.00 1.0675 S: Strong, M: Minor, T: Trendline, K: Keylevel, P: Pivot Quick access to our 5 previous newsletters:  Risk appetite creeps back into markets  '09 Q2 draws to a close – risk aversion remains a pertinent...  EUR & GBP locked in downside consolidation  SNB Grabs the Spotlight  FOMC Due 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