ACM / Economic calendar and daily foreign exchange news & analysis‏

From: news@ac-markets.com Sent: Thursday, April 17, 2008 11:16:21 AM Reply-to: news@ac-markets.com

Daily Newsletter: 17/04/2008 By Jean-Claude Braha - ACM Advanced Currency Markets, Geneva, Switzerland Today's Economic Calendar:

TIME (GMT) EVENT VALUE NAME CONS. 09:00 EMU:Merchandise Trade

11:00 CA:CPI Core 11:00 CA:CPI 12:30 US:Jobless Claims 14:00 US:Philadelphia Fed Survey 14:00 US:Leading Indicators 14:30 US:EIA Natural Gas Report 20:30 US:Money Supply Full week Economic Calendar The Dollar dropped to lifetime lows against the Euro on weak US data despite support from Corp Q1 earnings. News and Events:The Dollar dropped to lifetime lows against the Euro on Wednesday, as a steep decline in US home construction and record high euro zone inflation highlighted the contrasting growth paths of the two economies. EurUsd rose to 1.5979 high, its strongest since its 1999 launch, as data showing a record 3.6% advance in euro zone prices last month suggested the European Central Bank won't cut interest rates soon. Dollar get under pressure as investors are also monitoring US Q1 earnings results which have been so far mixed. JPMorgan Chase, the third-largest US bank, said its quarterly profit fell 50% in the first three months of the year, while The Wall Street Journal reported Merrill Lynch will post $6 to $8 billion in write-downs when it releases results on Thursday. But US stocks rallied more than 2% on Wednesday as investors were encouraged by earnings from Intel Corp and IBM. Read Today's Key Issues and The Risk Today Resistance and Support:EURUSD GBPUSD USDJPY USDCHF 1.6200 2.0577 111.92 1.0500 1.6000 2.0447 110.10 1.0200 1.5979 2.0100 105.00 1.0000 1.5960 1.9730 101.95 0.9980 1.5528 1.9650 100.00 0.9888 1.5400 1.9337 95.74 0.9639 1.5000 1.9105 95.00 0.9500 S: Strong, M: Minor, T: Trendline, K: Keylevel, P: Pivot Quick access to our 5 previous newsletters: Dollar helped by better PPI news; S&P500 up by 0.5% US banking sector and worries about US economy put Dollar under... G7 reported concern about sharp fluctuations in major currencies Bank of England cuts 25bp; ECB leaves rates unchanged Equity markets tumble around the globe on concerns over US...