Majors Daily Forecast 25 February 2011

EUR\/USD
Trading range: 1.3800 - 1.3900
Trend: Upward
Buy at 1.3812 SL 1.3780 TP 1.3889


USD\/JPY
Trading range: 82.10 - 81.20
Trend: Downward
Sell at 82.00 SL 82.32 TP 81.28


GBP\/USD
Trading range: 1.6130 - 1.6240
Trend: Upward
Buy at 1.6142 SL 1.6110 TP 1.6230


USD\/CHF
Trading range: 0.9275 - 0.9170
Trend: Downward
Sell at 0.9261 SL 0.9293 TP 0.9177












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


00:01 UK Gfk consumer confidence February - -29
07:00 UK Nationwide house price index February - -0.1%
07:00 UK Nationwide house price index February Y/Y - -1.1%
07:45 France Consumer spending January -0.4% 0.6%
07:45 France Consumer spending January Y/Y - 0.4%
09:00 EU17 M3 money supply January adjusted Y/Y 1.9% 1.7%
09:00 EU17 M3 money supply 3 months to January adjusted Y/Y - 1.6%
09:30 UK GDP Q4 revised Y/Y -0.4% -0.5%
09:30 UK GDP Q4 revised Y/Y 1.8% 1.7%
13:00 Germany CPI February preliminary 0.4% -0.4%
13:00 Germany CPI February preliminary Y/Y - 2.0%
13:00 Germany HICP February preliminary Y/Y - 2.0%
13:30 USA GDP Q4 revised Y/Y 3.3% 3.2%
13:30 USA PCE price index Q4 revised - 1.8%
13:30 USA PCE price index ex food, energy Q4 revised - 0.4%
14:55 USA Michigan sentiment index February final 75.2 75.1

Majors Daily Forecast 24 February 2011

EUR\/USD
Trading range: 1.3795 - 1.3695
Trend: Downward
Sell at 1.3782 SL 1.3814 TP 1.3705

USD\/JPY
Trading range: 82.30 - 81.35
Trend: Downward
Sell at 82.17 SL 82.49 TP 81.45

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

USD\/CHF
Trading range: 0.9265 - 0.9370
Trend: Upward
Buy at 0.9275 SL 0.9243 TP 0.9359






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

07:00 Germany GDP Q4 preliminary 0.4% 0.7%
07:00 Germany GDP Q4 preliminary Y/Y 4.0% 3.9%
09:00 Italy Retail sales December adjusted - -0.3%
09:00 Italy Retail sales December Y/Y unadjusted - 1.0%
10:00 Italy Consumer confidence February - 105.9
10:00 Italy Business confidence February 103.8 103.6
10:00 EU17 Economic sentiment index February 106.7 106.5
10:00 EU17 Business climate indicator February - 1.58
11:00 UK CBI retail sales volume balance February 31% 37%
13:30 USA Jobless claims week to 19.02 409K 410K
13:30 USA Durable goods orders January 3.2% -2.3%
13:30 USA Durable goods orders excluding transportation January 0.4% 0.5%
13:30 USA Durable goods orders excluding defence January - -2.5%
15:00 USA New home sales January 315K 329K
21:30 USA M2 money supply 14.02, bln - +5.6
23:30 Japan Nationwide CPI January - -0.3%
23:30 Japan Nationwide CPI January Y/Y - 0.0%
23:30 Japan Nationwide CPI ex fresh food January Y/Y -0.3% -0.4%
23:30 Japan Tokyo-area CPI February - -0.5%
23:30 Japan Tokyo-area CPI February Y/Y - -0.1%
23:30 Japan Tokyo-area CPI ex fresh food February Y/Y -0.3% -0.2%

Majors Daily Forecast 23 February 2011

EUR\/USD
Trading range: 1.3675 - 1.3775
Trend: Upward
Buy at 1.3687 SL 1.3655 TP 1.3764


USD\/JPY
Trading range: 82.80 - 81.85
Trend: Downward
Sell at 82.66 SL 82.98 TP 81.94


GBP\/USD
Trading range: 1.6155 - 1.6270
Trend: Upward
Buy at 1.6169 SL 1.6137 TP 1.6257


USD\/CHF
Trading range: 0.9390 - 0.9285
Trend: Downward
Sell at 0.9376 SL 0.9408 TP 0.9292


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


06:30 France CPI January unadjusted 0.1% 0.5%
06:30 France CPI January unadjusted Y/Y 2.0% 1.8%
06:30 France HICP January Y/Y 2.1% 2.0%
09:30 UK BoE meeting minutes 10.02
10:00 Italy CPI January final 0.4% 0.4%
10:00 Italy CPI January final Y/Y 2.1% 1.9%
10:00 Italy HICP January final Y/Y 2.4% 2.1%
10:00 EU17 Industrial orders January - 2.1%
10:00 EU17 Industrial orders January Y/Y - 19.9%
15:00 USA Existing home sales January, mln 5.27 5.28

Majors Daily Forecast 22 February 2011

EUR\/USD
Trading range: 1.3605 - 1.3505
Trend: Downward
Sell at 1.3594 SL 1.3626 TP 1.3517

USD\/JPY
Trading range: 83.15 - 84.10
Trend: Upward
Buy at 83.26 SL 82.94 TP 83.98

GBP\/USD
Trading range: 1.6185 - 1.6075
Trend: Downward
Sell at 1.6174 SL 1.6206 TP 1.6086

USD\/CHF
Trading range: 0.9500 - 0.9400
Trend: Downward
Sell at 0.9490 SL 0.9522 TP 0.9406

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

09:30 UK PSNCR January, bln - 25.5
09:30 UK PSNB January, bln -0.1 16.8
13:30 Canada Retail sales December 0.1% 1.3%
13:30 Canada Retail sales excluding auto December 0.6% 1.0%
13:55 USA Redbook 19.02
15:00 USA Consumer confidence February 66.7 65.6 60.6
23:50 Japan Trade balance January unadjusted, trln - 0.728

Majors Daily Forecast 21 February 2011

EURVUSD
Trading range: 1.3655 - 1.3755
Trend: Upward
Buy at 1.3666 SL 1.3634 TP 1.3743

USD\/JPY
Trading range: 83.30 - 82.40
Trend: Downward
Sell at 83.20 SL 83.52 TP 82.48

GBP\/USD
Trading range: 1.6205 - 1.6320
Trend: Upward
Buy at 1.6218 SL 1.6186 TP 1.6306

USD\/CHF
Trading range: 0.9485 - 0.9380
Trend: Downward
Sell at 0.9472 SL 0.9504 TP 0.9388

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

04:30 Japan All industry index December - -0.1%
08:00 France PMI February flash 55.4 54.9
08:00 France PMI services February flash 57.9 57.8
08:30 Germany PMI February flash 60.1 60.5
08:30 Germany PMI services February flash 60.4 60.3
08:00 EU17 PMI February flash 57.1 57.3
08:00 EU17 PMI services February flash 56.1 55.9
09:00 Germany IFO business climate index February 110.5 110.3
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