Majors Daily Forecast 18 February 2011

EURVUSD

Trading range: 1.3570 - 1.3675
Trend: Upward
Buy at 1.3584 SL 1.3552 TP 1.3661

USD\/JPY
Trading range: 83.40 - 82.50
Trend: Downward
Sell at 83.30 SL 83.62 TP 82.58

GBP\/USD
Trading range: 1.6135 - 1.6250
Trend: Upward
Buy at 1.6149 SL 1.6117 TP 1.6237

USD\/CHF
Trading range: 0.9520 - 0.9420
Trend: Downward
Sell at 0.9510 SL 0.9542 TP 0.9426

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

05:00 Japan BoJ monthly economic report February
07:00 Germany PPI January 0.6% 0.7%
07:00 Germany PPI January Y/Y 5.1% 5.3%
07:45 France Business confidence February 109 108
09:30 UK Retail sales January 0.5% -0.8%
09:30 UK Retail sales January Y/Y 4.1% 0.0%
12:00 Canada CPI January 0.0%
12:00 Canada CPI January Y/Y 2.4%
12:00 Canada CPI core January -0.3%
12:00 Canada CPI core January Y/Y 1.5%

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

Majors Daily Forecast 16 February 2011

EURVUSD
Trading range: 1.3510 - 1.3610
Trend: Upward
Buy at 1.3521 SL 1.3489 TP 1.3598

USD\/JPY
Trading range: 83.90 - 82.95
Trend: Downward
Sell at 83.76 SL 84.08 TP 83.04

GBP\/USD
Trading range: 1.6130 - 1.6240
Trend: Upward
Buy at 1.6141 SL 1.6109 TP 1.6229

USD\/CHF
Trading range: 0.9665 - 0.9560
Trend: Downward
Sell at 0.9653 SL 0.9685 TP 0.9569

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

09:30 UK Claimant count January -2000 -4100
09:30 UK Claimant count rate January - 4.5%
09:30 UK Average earnings 3 months to December Y/Y 2.0% 2.1%
09:30 UK Average earnings ex bonuses 3 months to December Y/Y - 2.3%
09:30 UK ILO Jobless rate December 7.9% 7.9%
10:30 UK BoE quarterly inflation report
13:30 USA Housing starts January, mln 0.537 0.529
13:30 USA Building permits January, mln 0.570 0.635
13:30 USA PPI January 0.9% 1.1%
13:30 USA PPI January Y/Y - 4.0%
13:30 USA PPI excluding food and energy January 0.1% 0.2%
13:30 USA PPI excluding food and energy January Y/Y - 1.3%
14:15 USA Industrial production January 0.4% 0.8%
14:15 USA Capacity utilisation January 76.3 76.0

Majors Daily Forecast 15 February 2011

EURVUSD
Trading range: 1.3540 - 1.3440
Trend: Downward
Sell at 1.3527 SL 1.3559 TP 1.3450

USD\/JPY
Trading range: 83.25 - 84.20
Trend: Upward
Buy at 83.36 SL 83.04 TP 84.08

GBP\/USD
Trading range: 1.6070 - 1.5960
Trend: Downward
Sell at 1.6060 SL 1.6092 TP 1.5972

USD\/CHF
Trading range: 0.9670 - 0.9780
Trend: Upward
Buy at 0.9682 SL 0.9650 TP 0.9766

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

04:30 Japan Industrial output December final - 3.1%
04:30 Japan Industrial output December final Y/Y - 4.6%
06:30 France GDP Q4 flash 0.8% 0.3%
06:30 France GDP Q4 flash Y/Y 1.6% 1.7%
07:00 Germany GDP Q4 flash 0.5% 0.7%
07:00 Germany GDP Q4 flash Y/Y 4.1% 3.9%
09:00 Italy GDP Q4 preliminary 0.2% 0.3%
09:00 Italy GDP Q4 preliminary Y/Y 1.4% 1.1%
09:30 UK HICP January 0.1% 1.0%
09:30 UK HICP January Y/Y 4.0% 3.7%
09:30 UK HICP ex EFAT January Y/Y - 2.9%
09:30 UK Retail prices January - 0.7%
09:30 UK Retail prices January Y/Y - 4.8%
09:30 UK RPI-X January Y/Y - 4.7%
10:00 Germany ZEW economic expectations index February 20.0 15.4
10:00 EU16 GDP Q4 flash 0.4% 0.3%
10:00 EU16 GDP Q4 flash Y/Y 2.1% 1.9%
10:00 EU16 Trade balance December adjusted, bln - -1.9
10:00 EU16 Trade balance December unadjusted, bln 1.0 -0.4
13:30 USA NY Fed Empire State manufacturing index February 13.0 11.9
13:30 USA Retail sales January 0.6% 0.6%
13:30 USA Retail sales excluding auto January 0.6% 0.5%
13:30 USA Import prices January 0.9% 1.1%
13:30 USA Export prices January - 0.7%
13:55 USA Redbook 12.02
14:00 USA TICS net flows December, bln - 39.0
14:00 USA TICS net long-term flows December, bln - 85.1
15:00 USA Business inventories December 0.7% 0.2%
23:50 Japan Tertiary activity index December -0.6% 0.6%

Majors Daily Forecast 14 February 2011

EURVUSD

Trading range: 1.3515 - 1.3620

Trend: Upward
Buy at 1.3529 SL 1.3497 TP 1.3606

USD\/JPY
Trading range: 83.35 - 82.40
Trend: Downward
Sell at 83.22 SL 83.54 TP 82.50

GBP\/USD
Trading range: 1.6040 - 1.6155
Trend: Upward
Buy at 1.6053 SL 1.6021 TP 1.6141

USD\/CHF
Trading range: 0.9755 - 0.9650
Trend: Downward
Sell at 0.9742 SL 0.9774 TP 0.9658

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

10:00 EU16 Industrial production December -0.2% 1.2%
10:00 EU16 Industrial production December Y/Y 8.0% 7.4%