Wednesday,Aug 26 2009, 10:22:59 AMDaily Economic Calender

Technicals and News for Monday 24th August

News and Events: EUR USD Taking a look at the big picture on EUR USD this morning, we can see that although the pair has broken the 3 week downtrend, the bulls still have significant resistance at 1.4338 to contend with and unless it clears the level we will be looking at a nice head and shoulders in development. Only a clearance of 1.4445 really confirms a continuation of the uptrend and would be printing a 9 month high in the process. For the short term expect rangebound action between 1.4338 and 1.4240, even as low as 1.4178 in order to build a base after last weeks break out. GBP USD The pair is continuing to consolidate with problems breaking 1.6587 to the upside and 1.6435 to the downside. 1.6381 still looks like a good entry for the medium term longs but for now exepct continued consolidation with 1.6663 as a major inflexion point. Failure below 1.6272 targets 1.5947 USD JPY Unfortunately the long sweet spot at 93.00 never got touched as the pair went on a rally on the US open on Friday. The USD bulls have taken the pair through the 2 week downtrend that we have been looking at and is now looking to break through 94.80 /90 to keep the momentum going. There is every chance that the pair will come back to test its breakout at 94.45 which will provide a good long entry for those who were patiently waiting for the 93.00 area. Long term the trend is down with short and medium term up. USD CHF Last week, we looked at the multi month descending triangle pattern and it is now very important to pay attention to the short term strength or weakness. The horizontal support of the triangle at 1.0556 has been tested once more and if the SNB claim they are sitting on the sidelines then someone else has replaced them as the pair has rallied off the support for nice straight positive hours since the Asian open. Intraday reistance just in front at 1.0632 and thereafter 1.0692.

Resistance and Support: EURUSD GBPUSD USDJPY USDCHF 1.4445 1.6665 97.50 1.0740 1.4380 1.6620 96.60 1.0692 1.4338 1.6550 95.40 1.0632 1.4307 1.6458 94.80 1.0622 1.4240 1.6435 93.85 1.0556 1.4180 1.6380 93.00 1.0452 1.4035 1.6272 92.15 1.0340 S: Strong, M: Minor, T: Trendline, K: Keylevel, P: Pivot

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Thursday,May 14 2009, 05:40:05 PMDaily Economic Calender

rland Today's Economic Calendar:  TIME (GMT)    EVENT  VALUE NAME   CONS.   06:45    FR:CPI Month over Month 0.2%       Year over Year 0.2%   09:00    EMU:Industrial Production Month over Month -1%       Year over Year -17%   11:00    US:MBA Purchase Applications Purchase Index - Level 0   12:30    US:Import and Export Prices Import Prices - M/M change 0.6%       Export Prices - M/M change 0%       Import Prices - Y/Y change 0%       Export Prices - Y/Y change 0%   12:30    US:Retail Sales Retail Sales - M/M change 0.1%       Retail Sales less autos - M/M change 0.3%   14:00    US:Business Inventories Inventories - M/M change -0.8%   14:30    US:EIA Petroleum Status Report Crude oil inventories (weekly change) 0M barrels   Full week Economic Calendar         FT Article Prompts USD Selling News and Events: The FT ran an opinion piece by David Walker, the former comptroller general of the US , suggesting that the US needs to take immediate action to steer clear of a downgrade in its AAA rating (re-hashing the long-term critique of US public finances). The knee jerk reaction in the FX market lead to new highs in the EURUSD and AUDUSD. The EURUSD traded up to 1.3722, while the AUDUSD has traded up to 0.7705. The markets are still debating the merits of the recent bright spots in economic data. Heavy weights such as former Fed Chairman Greenspan are now arguing that the US and global economy have in fact turned the corner. Read Today's Key Issues and The Risk Today         Resistance and Support: EURUSD GBPUSD USDJPY USDCHF 1.3971 1.5456 99.56 1.1167 1.3832 1.5352 98.35 1.1133 1.3741 1.5300 97.99 1.1109 1.3658 1.5277 97.68 1.1048 1.3557 1.5186 97.14 1.0900 1.3507 1.5117 96.35 1.0865 1.3469 1.5074 95.64 1.0815 S: Strong, M: Minor, T: Trendline, K: Keylevel, P: Pivot Quick access to our 5 previous newsletters:  Comments Help Risk Appitite  Risk appetite, jobs and more risk appetite... Oh and green...  Stress Test Results Impact Benign & Markets Wait for NFP  Jobless numbers encourage investors as stress tests seem to be...  Risk Appetite Fragile Ahead of Tomorrows ECB Meeting & Stress...

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Friday,Mar 20 2009, 02:29:21 PMDaily Economic Calender

Demo|Live|Free Practice  Daily Newsletter: 20/03/2009  By Loic Bondiguel - ACM Advanced Currency Markets, Geneva, Switzerland Today's Economic Calendar:  TIME (GMT)    EVENT  VALUE NAME   CONS.   08:00    DE:PPI Month over Month -0.2%       Year over Year 1.5%   09:00    IT:Unemployment Rate    10:00    IT:Unemployment Rate Level 7%   13:30    CA:Retail Sales Month over Month 0.7%   Full week Economic Calendar         USD heads for records weekly loss versus Euro as Supply rises News and Events: The USD remained the biggest loser across the board yesterday following the Fed’s quantitative easing announcement on last Wednesday. The release of US economic data on Thursday morning was not very optimistic either. Labor Department numbers were mixed, but global sentiment of the results is decidedly disappointing. While Initial Jobless Claims decreased by 12,000 to 646,000, Continuing Jobless Claims rose drastically by 185,000 to 5,473,000 during the week ending March 7, the highest since record keeping began in 1967. With Japan enjoying a national holiday, the Asian session was extremely subdued. EUR/USD and GBP/USD edged down thanks to option related selling but both pairs slowly recovered to be little changed at the time of writing. We hear reports of offers just above 1.3700 with stops at 1.3760 while bids are reported near 1.3600 with stops just below. Read Today's Key Issues and The Risk Today         Resistance and Support: EURUSD GBPUSD USDJPY USDCHF 1.3965 S 1.4875 S 98.35 S 1.1675 M 1.3900 S 1.4715 S 96.60 S 1.1545 K 1.3795 M 1.4665 S 95.90 S 1.1460 S 1.3686 1.4540 94.52 1.1183 1.3415 S 1.4335 93.40 M 1.1085 M 1.3325 M 1.4165 M 92.50 K 1.0980 M 1.3275 S 1.4070 M 91.90 S 1.0900 S S: Strong, M: Minor, T: Trendline, K: Keylevel, P: Pivot Quick access to our 5 previous newsletters:  USD sold-off on Fed’s Announcement to purchase $300B in...  Euro's recent strength threatened by the ZEW survey of investor...  China Expresses Concern over US Debt Holdings  RBNZ cut rates by 50bps to 3% - SNB rate decision later today  Poor economic data continues to give markets a bearish tone

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Friday,Mar 6 2009, 11:32:58 AMDaily Economic Calender

Demo|Live|Free Practice  Daily Newsletter: 02/03/2009  By Peter Rosenstreich - ACM Advanced Currency Markets, Geneva, Switzerland Today's Economic Calendar:  TIME (GMT)    EVENT  VALUE NAME   CONS.   10:00    EMU:HICP Flash Year over Year 1%   10:00    IT:CPI Month over Month 0.1%       Year over Year 1.5%   13:30    CA:Monthly GDP Month over Month -0.7%   13:30    US:Personal Income and Outlays Personal Income - M/M change -0.2%       Consumer Spending - M/M change 0.4%       Core PCE price index - M/M change 0.1%       Core PCE price index - Yr/Yr change 1.8   13:30    CA:GDP Quarter over Quarter -0.6%   15:00    US:ISM Mfg Index ISM Mfg Index - Level 33.8   15:00    US:Construction Spending Construction Spending - M/M change -1.5%   Full week Economic Calendar         Risk aversion as the primary theme in FX markets this week News and Events: The weak US GDP data on Friday, combined with disappointment over the EU summits rejection of a mass aid package or CEE fund, has put pressure on risk appetite. The greenback should remain the main recipient of this elevated risk aversion environment, and we see little in the near futures which would shift this outlook. This week is chocked with critical events, specifically from Central Banks. The RBA, BoC, BoE and ECB should all be lowering rates. Read Today's Key Issues and The Risk Today         Resistance and Support: EURUSD GBPUSD USDJPY USDCHF 1.3095 M 1.4515 S 100.00 S 1.1885 S 1.2995 K 1.4425 K 99.50 K 1.1830 M 1.2750 M 1.4385 M 98.75 M 1.1745 M 1.2570 1.4264 97.49 1.1747 1.2514 M 1.4111 S 96.35 M 1.1615 M 1.2424 S 1.4095 S 95.30 M 1.1530 K 1.2330 K 1.4050 M 94.25 M 1.1400 S S: Strong, M: Minor, T: Trendline, K: Keylevel, P: Pivot Quick access to our 5 previous newsletters:  The greenback continues to hold up despite the release of a...  Markets uneasy as stress tests are set to start next week  Risk appetite returns to the markets – Dollar reaction is mixed...  USD & JPY recover losses as US Stocks fall to lowest levels...  Risk appetite shows its head – U.S Govt. to up its stake in...

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Thursday,Jan 15 2009, 04:37:10 PMDaily Economic Calender

Demo|Live|Free Practice  Daily Newsletter: 26/01/2009  By Loic Bondiguel - ACM Advanced Currency Markets, Geneva, Switzerland Today's Economic Calendar:  TIME (GMT)    EVENT  VALUE NAME   CONS.   15:00    US:Leading Indicators Leading Indicators - M/M change -0.3%   15:00    US:Existing Home Sales Existing Home Sales - Level - SAAR 4.4M   Full week Economic Calendar         US Dollar strength hangs on Q4 GDP and FOMC Decision releases this week News and Events: As expected, The UK was confirmed last week as being officially in recession. The severity of the slowdown took the market by surprise. Shrinking by 1.5% in the last quarter of 2008, the consequent sell off for the Pound was sharp. GBP/USD fell to just above 1.3500, a 23 year low, while EUR/GBP rose to 0.9470. The USD and JPY continued to gain ground as investors searched for quality, though, by the end of the day, the Dollar had given back much of it’s gains thanks to expectations of a ‘spat’ between the US and China following Geithner’s comments about Chinese currency manipulation. Trading during Asian hours earlier this morning was subdued due to the Chinese New Year celebrations which continue all week. Compounding the general lack of interest was the fact that both Australia and Singapore were enjoying days off as well. Read Today's Key Issues and The Risk Today         Resistance and Support: EURUSD GBPUSD USDJPY USDCHF 1.3160 P 1.4005 M 90.80 S 1.1740 S 1.3065 S 1.3900 S 90.15 P 1.1680 P 1.2995 M 1.3815 M 89.80 M 1.1640 S 1.2938 1.3753 89.05 1.1605 1.2895 S 1.3545 P 88.35 S 1.1580 S 1.2835 S 1.3400 M 88.05 S 1.1525 S 1.2715 M 1.3270 S 87.10 M 1.1460 M S: Strong, M: Minor, T: Trendline, K: Keylevel, P: Pivot Quick access to our 5 previous newsletters:  Pound’s recent drop against Euro and Dollar heads for further...  USD and JPY Drop as Rise in Risk Appetite Saps Demand for...  Historical Inauguration Fails to Ease the Markets Negative Tone  President-elect Barack Obama to take power today and BOC to cut...  Quiet Markets, thin calendar ahead of Obama’s inauguration...

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