Majors Daily Forecast 4 March 2011

EUR\/USD
Trading range: 1.3940 - 1.4040
Trend: Upward
Buy at 1.3952 SL 1.3920 TP 1.4029


USD\/JPY
Trading range: 82.20 - 83.15
Trend: Upward
Buy at 82.31 SL 81.99 TP 83.03


GBP\/USD
Trading range: 1.6260 - 1.6370
Trend: Upward
Buy at 1.6270 SL 1.6238 TP 1.6358


USD\/CHF
Trading range: 0.9335 - 0.9235
Trend: Downward
Sell at 0.9325 SL 0.9357 TP 0.9241






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


08:00 UK Halifax house price index February - 0.8%
08:00 UK Halifax house price index February 3m Y/Y - -2.4%
13:30 USA Nonfarm payrolls February +190K +36K
13:30 USA Unemployment rate February 9.1% 9.0%
13:30 USA Average hourly earnings February 0.2% 0.4%
13:30 USA Average workweek February - 34.2
15:00 USA Factory orders January 2.5% 0.2%

Majors Daily Forecast 3 March 2011

EUR\/USD
Trading range: 1.3840 - 1.3940
Trend: Upward
Buy at 1.3852 SL 1.3820 TP 1.3929


USD\/JPY
Trading range: 82.05 - 81.10
Trend: Downward
Sell at 81.92 SL 82.24 TP 81.20


GBP\/USD
Trading range: 1.6295 - 1.6405
Trend: Upward
Buy at 1.6306 SL 1.6274 TP 1.6394


USD\/CHF
Trading range: 0.9275 - 0.9170
Trend: Downward
Sell at 0.9263 SL 0.9295 TP 0.9179






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


07:00 Germany Retail sales January real adjusted - -0.3%
07:00 Germany Retail sales January real unadjusted Y/Y - -1.3%
08:45 Italy PMI services February - 49.9
08:50 France PMI services February 60.8 57.8
08:55 Germany PMI services February seasonally adjusted 59.5 60.3
09:00 EU17 PMI services February 57.2 55.9
09:30 UK CIPS services index February - 54.5
10:00 Italy PPI January - 0.6%
10:00 Italy PPI January Y/Y - 4.6%
10:00 EU17 Retail sales January adjusted - -0.6%
10:00 EU17 Retail sales January adjusted Y/Y - -0.9%
10:00 EU16 GDP Q4 revised 0.3% 0.3%
10:00 EU16 GDP Q4 revised Y/Y 2.0% 2.0%
12:45 EU17 ECB meeting announcement 1.00% 1.00%
13:30 EU17 ECB press conference
13:30 USA Jobless claims week to 26.02 400K 391K
13:30 USA Productivity Q4 revised 2.3% 2.6%
13:30 USA Unit labour cost Q4 revised -0.4% -0.6%
15:00 USA ISM Non-mfg composite index February 59.5 59.4
15:00 USA ISM Non-mfg business index February - 64.6
21:30 USA M2 money supply 21.02, bln - +8.4

Majors Daily Forecast 1 March 2011

EUR\/USD
Trading range: 1.3775 - 1.3875
Trend: Upward
Buy at 1.3786 SL 1.3754 TP 1.3863

USD\/JPY
Trading range: 83.00 - 83.95
Trend: Upward
Buy at 83.12 SL 82.80 TP 83.84

GBP\/USD
Trading range: 1.6240 - 1.6355
Trend: Upward
Buy at 1.6253 SL 1.6221 TP 1.6341

USD\/CHF
Trading range: 0.9335 - 0.9230
Trend: Downward
Sell at 0.9321 SL 0.9353 TP 0.9237











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

04:30 Australia RBA meeting announcement 4.75% 4.75%
07:00 UK Nationwide house price index February - -0.1%
07:00 UK Nationwide house price index February Y/Y - -1.1%
08:45 Italy PMI February - 56.6
08:50 France PMI February 55.3 54.9
08:55 Germany PMI February seasonally adjusted 62.6 60.5
08:55 Germany Unemployment February seasonally adjusted - -13K
08:55 Germany Unemployment February seasonally adjusted, mln - 3.135
08:55 Germany Unemployment rate February seasonally adjusted - 7.4%
08:55 Germany Unemployment February seasonally unadjusted, mln - 3.347
08:55 Germany Unemployment rate February seasonally unadjusted - 7.9%
09:00 EU17 PMI February 59.0 57.3
09:30 UK CIPS manufacturing index February - 62.0
09:30 UK M4 money supply January final - -1.3%
09:30 UK M4 money supply January final Y/Y - -1.5%
09:30 UK Consumer credit January, bln - 0.2
10:00 Italy CPI February preliminary - 0.4%
10:00 Italy CPI February preliminary Y/Y - 2.1%
10:00 Italy HICP February preliminary Y/Y - 1.9%
10:00 EU17 Harmonized CPI February Y/Y preliminary - 2.4%
10:00 EU17 Unemployment January - 10.0%
14:00 Canada BOC meeting announcement 1.00% 1.00%
11:00 Italy GDP Q4 revised 0.1% 0.1%
11:00 Italy GDP Q4 revised Y/Y 1.3% 1.3%
13:55 USA Redbook 26.02
15:00 USA ISM Mfg PMI February 60.9 60.8
15:00 USA Construction spending February -0.7% -2.5%

Majors Daily Forecast 28 February 2011

EUR\/USD
Trading range: 1.3740 - 1.3840
Trend: Upward
Buy at 1.3752 SL 1.3720 TP 1.3829

USD\/JPY
Trading range: 81.85 - 80.90
Trend: Downward
Sell at 81.71 SL 82.03 TP 80.99

GBP\/USD
Trading range: 1.6085 - 1.6195
Trend: Upward
Buy at 1.6097 SL 1.6065 TP 1.6185

USD\/CHF
Trading range: 0.9285 - 0.9180
Trend: Downward
Sell at 0.9273 SL 0.9305 TP 0.9189











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

05:00 Japan Housing starts January Y/Y - 7.5%
05:00 Japan Construction orders January Y/Y - 13.1%
07:00 Germany Import prices January - 2.3%
07:00 Germany Import prices January Y/Y - 12.0%
07:00 Germany Import prices excluding oil January Y/Y - 8.1%
07:45 France PPI January - 1.0%
07:45 France PPI January Y/Y - 5.4%
10:00 EU17 Harmonized CPI January final - 0.6%
10:00 EU17 Harmonized CPI January final Y/Y 2.4% 2.2%
10:00 EU17 Harmonized CPI ex EFAT January Y/Y - 1.1%
13:30 USA Personal income January 0.3% 0.4%
13:30 USA Personal spending January 0.3% 0.7%
13:30 USA PCE price index ex food, energy January 0.1% 0.0%
13:30 USA PCE price index ex food, energy January Y/Y - 0.7%
14:45 USA Chicago PMI February 67.0 68.8
23:30 Japan Unemployment January - 4.9%
23:30 Japan Household spending January real Y/Y - -3.3%