Majors Daily Forecast 9 March 2011

EUR\/USD
Trading range: 1.3920 - 1.3820
Trend: Downward
Sell at 1.3907 SL 1.3939 TP 1.3830


USD\/JPY
Trading range: 82.65 - 83.60
Trend: Upward
Buy at 82.75 SL 82.43 TP 83.47


GBP\/USD
Trading range: 1.6205 - 1.6095
Trend: Downward
Sell at 1.6193 SL 1.6225 TP 1.6105


USD\/CHF
Trading range: 0.9335 - 0.9440
Trend: Upward
Buy at 0.9345 SL 0.9313 TP 0.9429


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


09:30 UK Trade in goods January, bln -8.6 -9.2
09:30 UK Non-EU trade January, bln -5.1 -5.8
11:00 Germany Industrial production January seasonally adjusted 1.7% -1.5%
11:00 Germany Industrial production January not seasonally adj, workday adj Y/Y 11.6% 10.0%
15:00 USA Wholesale inventories January 1.0% 1.0%
20:00 New Zealand RBNZ meeting announcement 3.00% 3.00%
23:50 Japan Real GDP Q4 revised -0.3% -0.3%
23:50 Japan Real GDP Q4 revised Y/Y -1.2% -1.1%
23:50 Japan Corporate goods price index February domestic - 0.5%
23:50 Japan Corporate goods price index February domestic Y/Y 1.9% 1.6%