Majors Daily Forecast 16 February 2011

EURVUSD
Trading range: 1.3510 - 1.3610
Trend: Upward
Buy at 1.3521 SL 1.3489 TP 1.3598

USD\/JPY
Trading range: 83.90 - 82.95
Trend: Downward
Sell at 83.76 SL 84.08 TP 83.04

GBP\/USD
Trading range: 1.6130 - 1.6240
Trend: Upward
Buy at 1.6141 SL 1.6109 TP 1.6229

USD\/CHF
Trading range: 0.9665 - 0.9560
Trend: Downward
Sell at 0.9653 SL 0.9685 TP 0.9569

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

09:30 UK Claimant count January -2000 -4100
09:30 UK Claimant count rate January - 4.5%
09:30 UK Average earnings 3 months to December Y/Y 2.0% 2.1%
09:30 UK Average earnings ex bonuses 3 months to December Y/Y - 2.3%
09:30 UK ILO Jobless rate December 7.9% 7.9%
10:30 UK BoE quarterly inflation report
13:30 USA Housing starts January, mln 0.537 0.529
13:30 USA Building permits January, mln 0.570 0.635
13:30 USA PPI January 0.9% 1.1%
13:30 USA PPI January Y/Y - 4.0%
13:30 USA PPI excluding food and energy January 0.1% 0.2%
13:30 USA PPI excluding food and energy January Y/Y - 1.3%
14:15 USA Industrial production January 0.4% 0.8%
14:15 USA Capacity utilisation January 76.3 76.0