6/03/2008 By Jean-Claude Braha 0 - ACM Advanced Currency Markets, Geneva, Switzerland Today's Economic Calendar: TIME (GMT) EVENT VALUE NAME CONS. 12:45 EMU:ECB Announcement 0 07:45 FR:ILO Unemployment Rate 0 21:30 US:Money Supply 0 11:00 DE:Manufacturers' Orders 0 11:00 US:Monster Employment Index 0 20:00 US:Treasury STRIPS 0 15:30 US:EIA Natural Gas Report 0 05:00 US:Chain Store Sales 0 15:00 US:Pending Home Sales Index 0 20:00 US:Treasury STRIPS 0 13:30 US:Jobless Claims 0 11:00 US:Monster Employment Index 0 15:00 US:Pending Home Sales Index 0 15:30 US:EIA Natural Gas Report 0 12:00 GB:BOE Announcement 0 13:30 US:Jobless Claims 0 21:30 US:Money Supply 0 Full week Economic Calendar Dollar dropped to new low records against Euro News and Events: The Dollar resumed its slide and fell to record lows against the Euro on Wednesday amid growing pessimism over the US economy. Demand for the currency fell further after data showed the country's service sector contracted for a second straight month in February. Yesterday, US Treasury Secretary Henry Paulson told policy-makers that while the economy would likely continue to grow, risks were to the downside, adding to mounting fears of an economic recession. Bank of England and European Central Bank policy meetings are due today. Read Today's Key Issues and The Risk Today Resistance and Support: EURUSD GBPUSD USDJPY USDCHF 1.5600 T 2.0100 S 110.10 T 1.1500 P 1.5345 M 2.0000 P 108.00 K 1.1107 S 1.5302 M 1.9972 M 105.00 S 1.0761 M 1.5285 1.9920 103.75 1.0355 1.5144 M 1.9721 M 102.61 M 1.0309 M 1.5000 K 1.9630 K 101.68 S 1.0200 S 1.4500 P 1.9105 S 101.22 T 1.0000 K S: Strong, M: Minor, T: Trendline, K: Keylevel, P: Pivot Quick access to our 5 previous newsletters: Dollar slide on six consecutive days with concerns over US... Dollar edges up after ISM and comment form ECB’s chief Trichet Dollar fell to record lows against majors on Friday Dollar hits record lows on US growth worries Dollar dropped to record lows on US recession fears 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. 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DIRECT LINKS: Forex Trading New To Forex Forex Quotes Charts White Labels Asset Managers Introducing Brokers unsubscribe Click here if your email program has trouble displaying this email Demo|Live|Free Practice Daily Newsletter: 10/03/2008 By Jean-Claude Braha - ACM Advanced Currency Markets, Geneva, Switzerland Today's Economic Calendar: TIME (GMT) EVENT VALUE NAME CONS. 15:00 US:Wholesale Trade 0 10:30 GB:POP 0 10:30 GB:Manufacturing Output 0 10:30 GB:Producer Input Price Index 0 07:45 FR:Merchandise Trade 0 10:30 GB:Industrial Production 0 15:00 US:Wholesale Trade 0 09:00 IT:Industrial Production 0 08:00 DE:Merchandise Trade 0 07:45 FR:Industrial Production 0 Full week Economic Calendar Dollar dropped to record lows on Friday before rebounding on Fed liquidity move. News and Events: The Dollar rebounded from record lows on Friday as a Federal Reserve liquidity injection fueled some speculation the central bank might hold off on cutting interest rates aggressively even after a sharp contraction in US payrolls. Profit-taking and short-covering also helped support the Dollar, traders said, after three days of successive sharp gains in the Euro, which brought the European currency to historic peaks. The Fed announced a series of term repurchase operations totaling $100 billion to ease liquidity pressures in stressed financial markets, overshadowing a Labor Department report showing US employers cut payrolls for a second month in February. Interest rate futures reflected reduced views of the chances of a 75bp cut in the Fed's benchmark overnight lending rate at the March 18 meeting, to 96% from 130% earlier. The fed funds rate target is currently at 3% after being lowered by 225bp since mid-September. Read Today's Key Issues and The Risk Today Resistance and Support: EURUSD GBPUSD USDJPY USDCHF 1.5600 T 2.0577 T 110.10 T 1.1500 P 1.5500 M 2.0447 S 108.00 K 1.1107 S 1.5396 S 2.0140 M 105.00 S 1.0761 M 1.5385 2.0190 102.10 1.0210 1.5280 M 2.0100 K 101.68 S 1.0200 S 1.5000 K 2.0000 P 101.42 M 1.0134 M 1.4500 P 1.9630 K 101.22 T 1.0000 K S: Strong, M: Minor, T: Trendline, K: Keylevel, P: Pivot Quick access to our 5 previous newsletters: Dollar slide to record lows against Euro and Swiss franc as ECB... Dollar dropped to new low records against Euro Dollar slide on six consecutive days with concerns over US... Dollar edges up after ISM and comment form ECB’s chief Trichet Dollar fell to record lows against majors on Friday