Majors Daily Forecast 28 February 2011

EUR\/USD
Trading range: 1.3740 - 1.3840
Trend: Upward
Buy at 1.3752 SL 1.3720 TP 1.3829

USD\/JPY
Trading range: 81.85 - 80.90
Trend: Downward
Sell at 81.71 SL 82.03 TP 80.99

GBP\/USD
Trading range: 1.6085 - 1.6195
Trend: Upward
Buy at 1.6097 SL 1.6065 TP 1.6185

USD\/CHF
Trading range: 0.9285 - 0.9180
Trend: Downward
Sell at 0.9273 SL 0.9305 TP 0.9189











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

05:00 Japan Housing starts January Y/Y - 7.5%
05:00 Japan Construction orders January Y/Y - 13.1%
07:00 Germany Import prices January - 2.3%
07:00 Germany Import prices January Y/Y - 12.0%
07:00 Germany Import prices excluding oil January Y/Y - 8.1%
07:45 France PPI January - 1.0%
07:45 France PPI January Y/Y - 5.4%
10:00 EU17 Harmonized CPI January final - 0.6%
10:00 EU17 Harmonized CPI January final Y/Y 2.4% 2.2%
10:00 EU17 Harmonized CPI ex EFAT January Y/Y - 1.1%
13:30 USA Personal income January 0.3% 0.4%
13:30 USA Personal spending January 0.3% 0.7%
13:30 USA PCE price index ex food, energy January 0.1% 0.0%
13:30 USA PCE price index ex food, energy January Y/Y - 0.7%
14:45 USA Chicago PMI February 67.0 68.8
23:30 Japan Unemployment January - 4.9%
23:30 Japan Household spending January real Y/Y - -3.3%