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Daily Newsletter: 11/03/2008
By Jean-Claude Braha - ACM Advanced Currency Markets, Geneva, Switzerland
Today's Economic Calendar:
TIME (GMT) EVENT VALUE NAME CONS.
13:30 CA:Merchandise Trade 0
12:45 US:ICSC-UBS Store Sales 0
13:55 US:Redbook 0
12:45 US:ICSC-UBS Store Sales 0
13:55 US:Redbook 0
00:50 JP:CGPI (PPI) 0
13:30 US:International Trade 0
00:50 JP:GDP 0
10:00 DE:ZEW Survey Level -46.6
13:30 US:International Trade 0

Full week Economic Calendar

Yen and Swiss Franc rise against Dollar as investors reduced exposure to risky assets.
News and Events:
The JPY and CHF firmed broadly on Monday as US stocks fell on credit-related worries, prompting investors to reduce exposure to risky assets and unwind trades funded by the Japanese and Swiss currencies' low rates.
The Yen approached eight-year highs against the Dollar while the Swiss franc rose to roughly two-year peaks against the Euro and was within striking distance of its record high against the Dollar.
Meanwhile, the Dollar was steady against the Euro after Europe's top monetary officials expressed concern about excessive movements in currency exchange rates.
Read Today's Key Issues and The Risk Today




Resistance and Support:
EURUSD GBPUSD USDJPY USDCHF
1.5600 T 2.0577 T 108.67 T 1.1500 P
1.5500 M 2.0447 S 106.51 S 1.1107 S
1.5396 S 2.0140 M 104.22 S 1.0761 M
1.5354 2.0075 102.18 1.0216
1.5280 M 2.0000 P 101.42 M 1.0200 S
1.5000 K 1.9727 M 101.24 S 1.0134 M
1.4500 P 1.9630 K 100.00 K 1.0000 K
S: Strong, M: Minor, T: Trendline, K: Keylevel, P: Pivot


Quick access to our 5 previous newsletters:

Dollar dropped to record lows on Friday before rebounding on...
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







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