ACM / Economic calendar and daily foreign exchange news & analysis

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Demo|Live|Free Practice  Daily Newsletter: 13/07/2009  By Peter Rosenstreich - ACM Advanced Currency Markets, Geneva, Switzerland Today's Economic Calendar:  TIME (GMT)    EVENT  VALUE NAME   CONS.   18:00    US:Treasury Budget Treasury Budget - Level $-97B   Full week Economic Calendar         Lack of Real News Will Keep FX Markets Rangebound News and Events: FX drivers are in short supply today. After last week's stark exit from risky assets, with commodities leading the decline and equities following, this week we are yet to see any meaningful trend. The EURUSD has been held in a tight range trading from a low of 1.3915 to a high of 1.3977, while the USDJPY traded in the range 92.35- 92..95. At last weeks G8 meeting, evens Russian President Medvedev parlour trick of pulling a supranational currency (i.e "future world currency") from his pocket failed to capture the markets attention. Read Today's Key Issues and The Risk Today         Resistance and Support: EURUSD GBPUSD USDJPY USDCHF 1.4140 1.6330 95.60 1.1060 1.4050 1.6260 94.60 1.1020 1.4000 1.6160 93.80 1.0930 1.3978 1.6095 92.25 1.0823 1.3860 1.6090 91.80 1.0800 1.3800 1.6040 91.00 1.0720 1.3748 1.5980 89.80 1.0630 S: Strong, M: Minor, T: Trendline, K: Keylevel, P: Pivot Quick access to our 5 previous newsletters:  Comments From China Provide Some Buzz on this Quiet Summer...  EURCHF , USDJPY and the BoE  USDJPY approaches its 4 Months low  Consolidation on Majors ahead of G8 Meeting  Haven currencies benefit from strong return of risk aversion as... 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