Majors Daily Forecast 18 March 2011

EUR\/USD
Trading range: 1.4045 - 1.4145
Trend: Upward
Buy at 1.4057 SL 1.4025 TP 1.4134

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

GBP\/USD
Trading range: 1.6130 - 1.6240
Trend: Upward
Buy at 1.6140 SL 1.6108 TP 1.6228


USD\/CHF
Trading range: 0.9085 - 0.8980
Trend: Downward
Sell at 0.9074 SL 0.9106 TP 0.8990

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

05:00 Japan Leading indicators composite index January final 101.9 101.9
05:00 Japan Coincident indicators composite index January final 106.2 106.2
07:00 Germany PPI February - 1.2%
07:00 Germany PPI February Y/Y - 5.7%
09:00 EU16 Current account January unadjusted, bln - -0.1
09:00 EU16 Current account January adjusted, bln - -13.3
10:00 EU16 Trade balance January adjusted, bln - -2.3
10:00 EU16 Trade balance January unadjusted, bln - -0.5
12:00 Canada CPI February - 0.3%
12:00 Canada CPI February Y/Y - 2.3%
12:00 Canada CPI core February - 0.0%
12:00 Canada CPI core February Y/Y - 1.4%

Majors Daily Forecast 17 March 2011

EUR\/USD
Trading range: 1.3950 - 1.3845
Trend: Downward
Sell at 1.3936 SL 1.3968 TP 1.3859

USD\/JPY
Trading range: 79.55 - 78.65
Trend: Downward
Sell at 79.43 SL 79.75 TP 78.71

GBP\/USD
Trading range: 1.6055 - 1.5945
Trend: Downward
Sell at 1.6045 SL 1.6077 TP 1.5957

USD\/CHF
Trading range: 0.9050 - 0.8945
Trend: Downward
Sell at 0.9039 SL 0.9071 TP 0.8955

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

08:30 Swiss SNB press-conference - 0.00-0.75%
11:00 UK CBI industrial order books balance March - -8%
11:00 UK CBI industrial output balance March - 23%
13:30 USA Jobless claims week to 12.03 385K 397K
13:30 USA CPI February 0.4% 0.4%
13:30 USA CPI February Y/Y - 1.6%
13:30 USA CPI excluding food and energy February 0.1% 0.2%
13:30 USA CPI excluding food and energy February Y/Y - 1.0%
14:15 USA Industrial production February 0.6% -0.1%
14:15 USA Capacity utilisation February 76.5 76.1
15:00 USA Leading indicators February 0.9% 0.1%
15:00 USA Philadelphia Fed index March 27.0 35.9
21:30 USA M2 money supply 07.03, bln - +15.9
23:50 Japan BoJ meeting minutes 16-17.02

Majors Daily Forecast 16 March 2011

EUR\/USD
Trading range: 1.3950 - 1.4050
Trend: Upward
Buy at 1.3963 SL 1.3931 TP 1.4040

USD\/JPY
Trading range: 81.10 - 80.15
Trend: Downward
Sell at 80.97 SL 81.29 TP 80.25

GBP\/USD
Trading range: 1.6040 - 1.6150
Trend: Upward
Buy at 1.6052 SL 1.6020 TP 1.6140

USD\/CHF
Trading range: 0.9195 - 0.9090
Trend: Downward
Sell at 0.9182 SL 0.9214 TP 0.9098

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

05:00 Japan BoJ monthly economic report March
09:00 Italy CPI February final 0.3% 0.3%
09:00 Italy CPI February final Y/Y 2.4% 2.4%
09:00 Italy HICP February final Y/Y 2.1% 2.1%
09:00 Italy Consumer confidence March - 106.4
09:30 UK Claimant count February - 2400
09:30 UK Claimant count rate February - 4.5%
09:30 UK Average earnings 3 months to January Y/Y - 1.8%
09:30 UK Average earnings ex bonuses 3 months to January Y/Y - 2.3%
09:30 UK ILO Jobless rate January - 7.9%
10:00 EU17 Harmonized CPI February final - -0.7%
10:00 EU17 Harmonized CPI February final Y/Y 2.4% 2.3%
10:00 EU17 Harmonized CPI ex EFAT February Y/Y - 1.1%
13:30 USA Housing starts February, mln 0.565 0.596
13:30 USA Building permits February, mln 0.570 0.563 0.562
13:30 USA PPI February 0.6% 0.8%
13:30 USA PPI February Y/Y - 3.6%
13:30 USA PPI excluding food and energy February 0.2% 0.5%
13:30 USA PPI excluding food and energy February Y/Y - 1.6%
13:30 USA Current account Q4, bln -110.0 -127.2
23:50 Japan Tertiary activity index January -0.6% -0.8%

Majors Daily Forecast 15 March 2011

EUR\/USD
Trading range: 1.3880 - 1.3980
Trend: Upward
Buy at 1.3893 SL 1.3861 TP 1.3970

USD\/JPY
Trading range: 82.00 - 81.05
Trend: Downward
Sell at 81.86 SL 82.18 TP 81.14

GBP\/USD
Trading range: 1.6035 - 1.6150
Trend: Upward
Buy at 1.6049 SL 1.6017 TP 1.6137

USD\/CHF
Trading range: 0.9260 - 0.9155
Trend: Downward
Sell at 0.9249 SL 0.9281 TP 0.9165

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

00:01 UK Nationwide consumer confidence February - 47
06:30 France CPI February unadjusted - -0.2%
06:30 France CPI February unadjusted Y/Y - 1.8%
06:30 France HICP February Y/Y - 1.9%
10:00 Germany ZEW economic expectations index March - 15.7
13:30 USA NY Fed Empire State manufacturing index March 16.9 15.4
13:30 USA Import prices February 0.9% 1.5%
13:30 USA Export prices February - 1.2%
13:55 USA Redbook 12.03
14:00 USA TICS net flows January, bln - 48.2
14:00 USA TICS net long-term flows January, bln - 65.9
19:15 USA FOMC meeting announcement 0.00-0.25% 0.00-0.25%

Majors Daily Forecast 14 March 2011

EUR\/USD
Trading range: 1.3965 - 1.3865
Trend: Downward
Sell at 1.3952 SL 1.3984 TP 1.3875


USD\/JPY
Trading range: 82.35 - 81.40
Trend: Downward
Sell at 82.22 SL 82.54 TP 81.50


GBP\/USD
Trading range: 1.6090 - 1.5975
Trend: Downward
Sell at 1.6077 SL 1.6109 TP 1.5989


USD\/CHF
Trading range: 0.9260 - 0.9365
Trend: Upward
Buy at 0.9271 SL 0.9239 TP 0.9355


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

04:30 Japan Industrial output January final 2.4% 2.4%
04:30 Japan Industrial output January final Y/Y 4.7% 4.7%
10:00 EU16 Industrial production January - -0.1%
10:00 EU16 Industrial production January Y/Y - 8.0%
Japan BoJ meeting announcement - 0.00-0.10%

EUR/USD Intra-day Signal

Forex signal: Buy on dips n exit on such bounce as 1.3986 shud cap upside. Only below 1.3870 may risk 1.3850/55.

INTRA-DAY EUR\/USD OUTLOOK

Last Update At 14 Mar 2011 06:10 GMT

Rate : 1.3933

Although euro's early retreat fm 1.3986 (NZ/AUS)
suggests Fri's rally fm 1.3752 has made a temp. top
n sideways trading is seen at European opening, nr
term outlook remains mildly bullish for another
rebound but abv 1.3986 needed to extend to 1.4000.

Buy on dips n exit on such bounce as 1.3986 shud
cap upside. Only below 1.3870 may risk 1.3850/55.

Range Forecast
1.3910 / 1.3945

Resistance/Support
R: 1.3954/1.3986/1.4000
S: 1.3916/1.3870/1.3855