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Finotec News Archive - August 22 2007

EUR/USD Daily Technical Reports

The 38.2% of 1.3840/1.3363 done Friday at 1.3545 has left the market in limbo above yesterday and today"s 1.3460 lows.

Benny Menashe
22 August 2007

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Technical Analysis:

The 38.2% of 1.3840/1.3363 done Friday at 1.3545 has left the market in limbo above yesterday and today"s 1.3460 lows. We look to trade the 1.3460/1.3545 range and breakouts. Hourlies are oversold again, so prefer rally selling. 1.3460 lows are now back in play. Dailies need a 1.3545+ close to confirm new buys, but not on the cards today.

Spot Price: 1.3465

Finotec Analysis Team
22 August 2007

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Today's Economic Events

Time	Event	Currency	Period	Previous	Forecast	Actual
14:30	crude oil inventories	USD	Weekly	-5.2mln	-2.8mln	1.9mln
crude oil inventories The Energy Information Administration's (EIA) Crude Oil Inventories measures the weekly increase in barrels of commercial crude oil held in inventory by US firms. The level of inventories influences the price of petroleum products, which can have an impact on inflation and other economic forces.
09:00	Industrial New Orders m/m	EUR	Jun	1.7%	1.9%	4.4%
Industrial New Orders m/m Measures the value of new purchase orders placed with domestic manufacturers for durable and non-durable goods.
08:00	Current Account	EUR	Jun	-8.6bln	-2.0bln	5.9bln
Current Account Measures the quarterly difference in value between imported and exported goods, services, income flows, and unilateral transfers. A rising trend has a positive effect on the nation's currency. The Current Account is a comprehensive accounting of the nation's trade with other countries. It includes the previously reported Trade Balance (which covers trade of goods and services), so traders focus on the income flows and unilateral transfer portions of the report.

Real Time Forex Quotes

Contract	Bid	Ask	Time	Change
EUR/USD	1.2630	1.2633	13:51:19	-0.01%

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Real Time Forex Calendar

Event Date

Employment Change(CAD)	05.12.2008 12:00
Factory Orders m/m(EUR)	05.12.2008 11:00
Unemployment Rate(CAD)	05.12.2008 12:00
Non-Farm Payrolls(USD)	05.12.2008 13:30
Unemployment Rate(USD)	05.12.2008 13:30
Average Hourly Earnings m/m(USD)	05.12.2008 13:30
Consumer Credit(USD)	05.12.2008 20:00
PPI Input m/m(GBP)	08.12.2008 09:30
PPI Output m/m(GBP)	08.12.2008 09:30
ECB President Trichet Speaks(EUR)	08.12.2008 13:00
Housing Starts(CAD)	08.12.2008 13:15
FOMC Member Fisher Speaks(USD)	08.12.2008 18:45
GDP q/q(JPY)	08.12.2008 23:50
Leading Indicators m/m(JPY)	09.12.2008 05:00
Unemployment Rate(CHF)	09.12.2008 06:45
Trade Balance(EUR)	09.12.2008 07:00
Trade Balance(EUR)	09.12.2008 07:45
Manufacturing Production m/m(GBP)	09.12.2008 09:30
Trade Balance(GBP)	09.12.2008 09:30
German ZEW Economic Sentiment(EUR)	09.12.2008 10:00
ZEW Economic Sentiment(EUR)	09.12.2008 10:00
Interest Rate Statement(CAD)	09.12.2008 14:00
Pending Home Sales m/m(USD)	09.12.2008 15:00
CGPI y/y(JPY)	09.12.2008 23:50
Industrial Production m/m(EUR)	10.12.2008 07:45
Industrial Production m/m(EUR)	10.12.2008 09:00
Wholesale Inventories m/m(USD)	10.12.2008 15:00
Crude Oil Inventories(USD)	10.12.2008 15:35
Employment Change(AUD)	11.12.2008 00:30
Unemployment Rate(AUD)	11.12.2008 00:30
ECB President Trichet Speaks(EUR)	11.12.2008 08:05
Interest Rate Statement(CHF)	11.12.2008 08:30
Trade Balance(CAD)	11.12.2008 13:30
Trade Balance(USD)	11.12.2008 13:30
Unemployment Claims(USD)	11.12.2008 13:30
Core Retail Sales m/m(NZD)	11.12.2008 21:45
Retail Sales m/m(NZD)	11.12.2008 21:45
Household Confidence(JPY)	12.12.2008 05:00
Industrial Production m/m(EUR)	12.12.2008 22:00
Core Retail Sales m/m(USD)	12.12.2008 13:30
PPI m/m(USD)	12.12.2008 13:30
Retail Sales m/m(USD)	12.12.2008 13:30
Core PPI m/m(USD)	12.12.2008 13:30
Business Inventories m/m(USD)	12.12.2008 15:00
New Motor Vehical Sales m/m(CAD)	12.12.2008 13:30

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