Majors Daily Forecast 17 February 2011

EURVUSD
Trading range: 1.3540 - 1.3640
Trend: Upward
Buy at 1.3552 SL 1.3520 TP 1.3629

USD\/JPY
Trading range: 83.75 - 82.85
Trend: Downward
Sell at 83.63 SL 83.95 TP 82.91

GBP\/USD
Trading range: 1.6080 - 1.6190
Trend: Upward
Buy at 1.6092 SL 1.6060 TP 1.6180

USD\/CHF
Trading range: 0.9615 - 0.9510
Trend: Downward
Sell at 0.9601 SL 0.9633 TP 0.9517

Today's Economic Calendar:

Time GMT, Country, Indicator, Forecast, Prior

03:30 Japan BoJ meeting announcement 0.00-0.10% 0.00-0.10%
05:00 Japan Leading indicators composite index December final - 101.4
05:00 Japan Coincident indicators composite index December final - 103.1
09:00 EU16 Current account December adjusted, bln - -4.0
09:00 EU16 Current account December unadjusted, bln - -6.0
11:00 UK CBI industrial order books balance February -7% -16%
11:00 UK CBI industrial output balance February - 17%
13:30 USA Jobless claims week to 12.02 405K 383K
13:30 USA CPI January 0.3% 0.5%
13:30 USA CPI January Y/Y - 1.5%
13:30 USA CPI excluding food and energy January 0.1% 0.1%
13:30 USA CPI excluding food and energy January Y/Y - 0.8%
15:00 USA Leading indicators January 0.2% 1.0%
15:00 USA Philadelphia Fed index February 20.2 19.3
21:30 USA M2 money supply 07.02, bln - +39.5