Majors Daily Forecast 15 February 2011

EURVUSD
Trading range: 1.3540 - 1.3440
Trend: Downward
Sell at 1.3527 SL 1.3559 TP 1.3450

USD\/JPY
Trading range: 83.25 - 84.20
Trend: Upward
Buy at 83.36 SL 83.04 TP 84.08

GBP\/USD
Trading range: 1.6070 - 1.5960
Trend: Downward
Sell at 1.6060 SL 1.6092 TP 1.5972

USD\/CHF
Trading range: 0.9670 - 0.9780
Trend: Upward
Buy at 0.9682 SL 0.9650 TP 0.9766

Today's Economic Calendar:
Time GMT, Country, Indicator, Forecast, Prior

04:30 Japan Industrial output December final - 3.1%
04:30 Japan Industrial output December final Y/Y - 4.6%
06:30 France GDP Q4 flash 0.8% 0.3%
06:30 France GDP Q4 flash Y/Y 1.6% 1.7%
07:00 Germany GDP Q4 flash 0.5% 0.7%
07:00 Germany GDP Q4 flash Y/Y 4.1% 3.9%
09:00 Italy GDP Q4 preliminary 0.2% 0.3%
09:00 Italy GDP Q4 preliminary Y/Y 1.4% 1.1%
09:30 UK HICP January 0.1% 1.0%
09:30 UK HICP January Y/Y 4.0% 3.7%
09:30 UK HICP ex EFAT January Y/Y - 2.9%
09:30 UK Retail prices January - 0.7%
09:30 UK Retail prices January Y/Y - 4.8%
09:30 UK RPI-X January Y/Y - 4.7%
10:00 Germany ZEW economic expectations index February 20.0 15.4
10:00 EU16 GDP Q4 flash 0.4% 0.3%
10:00 EU16 GDP Q4 flash Y/Y 2.1% 1.9%
10:00 EU16 Trade balance December adjusted, bln - -1.9
10:00 EU16 Trade balance December unadjusted, bln 1.0 -0.4
13:30 USA NY Fed Empire State manufacturing index February 13.0 11.9
13:30 USA Retail sales January 0.6% 0.6%
13:30 USA Retail sales excluding auto January 0.6% 0.5%
13:30 USA Import prices January 0.9% 1.1%
13:30 USA Export prices January - 0.7%
13:55 USA Redbook 12.02
14:00 USA TICS net flows December, bln - 39.0
14:00 USA TICS net long-term flows December, bln - 85.1
15:00 USA Business inventories December 0.7% 0.2%
23:50 Japan Tertiary activity index December -0.6% 0.6%