ACM Swizerland
Daily Newsletter: 13/12/2007
By James Brandt - ACM Advanced Currency Markets, Geneva, Switzerland
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Today's Economic Calendar:
TIME (GMT) EVENT VALUE NAME CONS.
06:45 FR:CPI Month over Month 0.4%
Year over Year 2.3%
08:00 IT:CPI Month over Month 0.4%
Year over Year 2.5%
20:30 US:Money Supply 0
12:30 US:Retail Sales Retail Sales - M/M change 0.6%
Retail Sales less autos - M/M change 0.7%
12:30 US:Producer Price Index PPI - M/M change 1.6%
PPI less food & energy - M/M change 0.2%
14:00 US:Business Inventories Inventories - M/M change 0.3%
22:50 JP:Tankan Large Mfrs Level 0
14:30 US:EIA Natural Gas Report 0
22:50 JP:Tankan Small Mfrs 0
12:30 US:Jobless Claims New Claims - Level 337K
12:30 CA:Factory Shipments Month over Month -1.3%
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Full week Economic Calendar
Central Banks announce liquidity injection plan; US dollar drops
News and Events:
Central Banks announce liquidity injection plan while the US dollar drops. The rate cut and liquidity pact will be an attractive situation for higher-yielding currencies and carry trades.
Read Today's Key Issues and The Risk Today
Resistance and Support:
EURUSD GBPUSD USDJPY USDCHF
1.5000 K 2.0833 S 117.63 S 1.1640 T
1.4967 S 2.0588 M 114.00 P 1.1500 P
1.4723 M 2.0520 M 112.15 M 1.1353 M
1.4703 2.0414 111.71 1.1328
1.4520 M 2.0200 S 110.00 M 1.1154 M
1.4500 K 2.0181 M 107.50 K 1.1000 S
1.4280 S 2.0000 K 106.50 S 1.0888 K
S: Strong, M: Minor, T: Trendline, K: Keylevel, P: Pivot
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Quick access to our 5 previous newsletters:
FOMC cuts rates 25 basis points to 4.25% as expected
Dollar slipped against majors currencies ahead of FOMC
US Jobs report lowered chances for an aggressive Fed rate cut
Euro rose on ECB’s Trichet hawkish comments. BoE cuts rate to...
