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Finotec News Archive - August 29 2007

USD/JPY

USD/JPY Daily Technical Reports

Rodian Rahnayev
29 August 2007

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USD/JPY 29.8.2007
Short triggered on the break below the 10-day MA at 115.35 and the 61.8% of the 114.00/117.12 rally at 115.20. Bearish hanging man candle from Friday remains in play with prices lower in the two subsequent sessions. Stop lowered to beyond the 115 Fibo support, now resistance. Our target is 113.70, the Aug 20 low and 61.8% Fibo. 114.35 Fibo support being probed.

Finotec Analysis Team
29 August 2007

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Today's Economic Events

Time	Event	Currency	Period	Previous	Forecast
23:50	Retail Sales y/y	JPY	Jul	-0.4%	-0.8%
Measures the value of sales at the retail level. A rising trend has a positive effect on the nation\'s currency because Retail Sales make up a large portion of consumer spending, which is a major driver of the economy and has a sizable impact on GDP. Traders pay close attention to Retail Sales because it is usually the first significant indicator of the month that relates to consumer behavior and is susceptible to surprises.
14:30	Crude Oil Inventories	USD	Weekly	1.9M
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.

Real Time Forex Quotes

Contract	Bid	Ask	Time	Change
USD/JPY	108.72	108.75	17:39:13	-0.01%

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Real Time Economic Events

Event Date

Manufacturing PMI(JPY)	29.08.2008 00:15
Core CPI y/y(JPY)	29.08.2008 00:30
Overall Household Spending(JPY)	29.08.2008 00:30
Unemployment Rate(JPY)	29.08.2008 00:35
Industrial Production m/m(JPY)	29.08.2008 00:50
Retail Sales y/y(JPY)	29.08.2008 00:50
Credit Card Spending y/y(AUD)	29.08.2008 01:30
Housing Starts(JPY)	29.08.2008 05:00
Italian Retail Sales m/m(EUR)	29.08.2008 08:00
CPI m/m(EUR)	29.08.2008 09:00
Unemployment Rate(EUR)	29.08.2008 09:00
Leading Index m/m(CHF)	29.08.2008 09:30
GDP(CAD)	29.08.2008 12:30
PCE index m/m(USD)	29.08.2008 12:30
Personal Spending m/m(USD)	29.08.2008 12:30
Personal income(USD)	29.08.2008 12:30
Chicago PMI(USD)	29.08.2008 13:45
Consumer Sentiment(USD)	29.08.2008 13:55
Manufacturing PMI(AUD)	01.09.2008 00:00
Current Account(AUD)	01.09.2008 01:30
Private New Capital Expenditure q/q(AUD)	01.09.2008 01:30
Average Earnings Index +Bonus q/y(JPY)	01.09.2008 01:30
Average Earnings Index +Bonus q/y(JPY)	01.09.2008 01:30
Commodity Prices y/y(AUD)	01.09.2008 06:30
PMI -SVME(CHF)	01.09.2008 07:30
Manufacturing PMI(EUR)	01.09.2008 08:00
Manufacturing PMI(GBP)	01.09.2008 08:30
Mortgage Approvals(GBP)	01.09.2008 08:30
Net Lending to Individuals m/m(GBP)	01.09.2008 08:30
Holiday: Memorial Day(CAD)	01.09.2008 12:00
Holiday: Memorial Day(USD)	01.09.2008 12:00
FOMC Meeting Minutes(USD)	01.09.2008 13:30
Monetary Base y/y(JPY)	01.09.2008 00:00
BOJ Governor Shirakawa Speaks(JPY)	01.09.2008 01:00
Building Approvals m/m(AUD)	02.09.2008 01:30
Retail Sales m/m(AUD)	02.09.2008 01:30
Retail Sales m/m(AUD)	02.09.2008 01:30
Cash Rate(AUD)	02.09.2008 04:30
RBA Governor Stevens Speaks(AUD)	02.09.2008 04:30
CPI m/m(CHF)	02.09.2008 05:45
GDP q/q(CHF)	01.09.2008 05:45
BOJ Governor Shirakawa Speaks(JPY)	02.09.2008 06:30
Construction PMI(GBP)	02.09.2008 08:30
PPI m/m(EUR)	02.09.2008 09:00
ISM Manufacturing Prices(USD)	02.09.2008 14:00
Construction Spending m/m(USD)	02.09.2008 14:00
ISM Manufacturing Prices(USD)	02.09.2008 14:00
Consumer Confidence(GBP)	03.09.2008 00:00
Services PMI(AUD)	03.09.2008 00:30
GDP q/q(AUD)	03.09.2008 01:30
Retail Sales m/m(EUR)	03.09.2008 00:10
Home Sales Existing(GBP)	03.09.2008 00:05
Services PMI(EUR)	03.09.2008 08:00
Services PMI(GBP)	03.09.2008 08:30
Retail Sales m/m(EUR)	03.09.2008 09:00
GDP Annualized q/q(EUR)	03.09.2008 09:00
overnight Rate(CAD)	03.09.2008 13:00
BOC Deputy Governor Jenkins Speaks(CAD)	03.09.2008 13:00
Factory Orders m/m(USD)	03.09.2008 14:00

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