Majors Daily Forecast 17 March 2011

EUR\/USD
Trading range: 1.3950 - 1.3845
Trend: Downward
Sell at 1.3936 SL 1.3968 TP 1.3859

USD\/JPY
Trading range: 79.55 - 78.65
Trend: Downward
Sell at 79.43 SL 79.75 TP 78.71

GBP\/USD
Trading range: 1.6055 - 1.5945
Trend: Downward
Sell at 1.6045 SL 1.6077 TP 1.5957

USD\/CHF
Trading range: 0.9050 - 0.8945
Trend: Downward
Sell at 0.9039 SL 0.9071 TP 0.8955

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

08:30 Swiss SNB press-conference - 0.00-0.75%
11:00 UK CBI industrial order books balance March - -8%
11:00 UK CBI industrial output balance March - 23%
13:30 USA Jobless claims week to 12.03 385K 397K
13:30 USA CPI February 0.4% 0.4%
13:30 USA CPI February Y/Y - 1.6%
13:30 USA CPI excluding food and energy February 0.1% 0.2%
13:30 USA CPI excluding food and energy February Y/Y - 1.0%
14:15 USA Industrial production February 0.6% -0.1%
14:15 USA Capacity utilisation February 76.5 76.1
15:00 USA Leading indicators February 0.9% 0.1%
15:00 USA Philadelphia Fed index March 27.0 35.9
21:30 USA M2 money supply 07.03, bln - +15.9
23:50 Japan BoJ meeting minutes 16-17.02