Majors Daily Forecast 24 March 2011

EUR\/USD
Trading range: 1.4100 - 1.4000
Trend: Downward
Sell at 1.4090 SL 1.4122 TP 1.4013


USD\/JPY
Trading range: 81.15 - 80.25
Trend: Downward
Sell at 81.04 SL 81.36 TP 80.32


GBP\/USD
Trading range: 1.6255 - 1.6140
Trend: Downward
Sell at 1.6242 SL 1.6274 TP 1.6154


USD\/CHF
Trading range: 0.9080 - 0.9185
Trend: Upward
Buy at 0.9091 SL 0.9059 TP 0.9175


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

07:45 France Business confidence March 106 106
07:58 France PMI March flash 59.5 55.7
07:58 France PMI services March flash 56.2 59.7
08:28 Germany PMI March flash 62.0 62.7
08:28 Germany PMI services March flash 58.4 58.6
08:58 EU17 PMI March flash 58.2 59.0
08:58 EU17 PMI services March flash 56.3 56.8
09:00 Italy Consumer confidence March - 106.4
09:30 UK Retail sales February -0.5% 1.9%
09:30 UK Retail sales February Y/Y 2.4% 5.3%
12:30 USA Jobless claims week to 19.03 373K 385K
12:30 USA Durable goods orders February 1.0% 3.2%
12:30 USA Durable goods orders excluding transportation February 2.0% -3.6%
12:30 USA Durable goods orders excluding defence February 0.8% 1.9%
20:30 USA M2 money supply 14.03, bln - +9.7
23:30 Japan Nationwide CPI February - -0.2%
23:30 Japan Nationwide CPI February Y/Y - 0.0%
23:30 Japan Nationwide CPI ex fresh food February Y/Y -0.3% -0.2%
23:30 Japan Tokyo-area CPI March - -0.1%
23:30 Japan Tokyo-area CPI March Y/Y - -0.1%
23:30 Japan Tokyo-area CPI ex fresh food March Y/Y -0.3% -0.4%