ACM / Economic calendar and daily foreign exchange news & analysis

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Demo|Live|Free Practice  Daily Newsletter: 22/07/2009  By Peter Rosenstreich - ACM Advanced Currency Markets, Geneva, Switzerland Today's Economic Calendar:  TIME (GMT)    EVENT  VALUE NAME   CONS.   01:30    AU:CPI Year over Year 1.6%       Quarter over Quarter 0.6%   06:45    FR:Consumer Mfgd Goods Consumption Month over Month 0.2%       Year over Year 0%   11:00    US:MBA Purchase Applications Purchase Index - Level 0   12:30    CA:Retail Sales Month over Month 0.5%       Year over Year 0%   14:30    US:EIA Petroleum Status Report Crude oil inventories (weekly change) 0M barrels   23:50    JP:Merchandise Trade Level Y620B   Full week Economic Calendar         Bernanke is in No Rush to Tighten Rates & FX Markets Remain Rangebound News and Events: Caterpillar's upside earnings surprise and China State Construction Engineering Corp. reporting that they are moving closer their IPO (potentially raising $7.34 billion) provided a temporary boost to optimism. Australia's CPI came in slightly lower than expected with headline printing at 0.5% q/q , 1.5% y/y (while the RBAs weighted median measure surprised to the upside). Bernanke's strategy of pre-empting Congress by releasing a WSJ article the night before, which contained the core themes, worked perfectly. Today, we expect the MPC minutes to weigh on the sterling and perhaps trigger an extend correction the GBP. Read Today's Key Issues and The Risk Today         Resistance and Support: EURUSD GBPUSD USDJPY USDCHF 1.4350 1.6620 96.20 1.1300 1.4280 1.6590 95.50 1.1225 1.4250 1.6470 94.60 1.1170 1.4193 1.6368 93.57 1.1065 1.4090 1.6230 92.30 1.0650 1.4055 1.6190 92.15 1.0590 1.3990 1.6145 91.80 1.0550 S: Strong, M: Minor, T: Trendline, K: Keylevel, P: Pivot Quick access to our 5 previous newsletters:  Bernanke Goes To Congress  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 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