Majors Daily Forecast 24 March 2011

EUR\/USD
Trading range: 1.4100 - 1.4000
Trend: Downward
Sell at 1.4090 SL 1.4122 TP 1.4013


USD\/JPY
Trading range: 81.15 - 80.25
Trend: Downward
Sell at 81.04 SL 81.36 TP 80.32


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


USD\/CHF
Trading range: 0.9080 - 0.9185
Trend: Upward
Buy at 0.9091 SL 0.9059 TP 0.9175


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

07:45 France Business confidence March 106 106
07:58 France PMI March flash 59.5 55.7
07:58 France PMI services March flash 56.2 59.7
08:28 Germany PMI March flash 62.0 62.7
08:28 Germany PMI services March flash 58.4 58.6
08:58 EU17 PMI March flash 58.2 59.0
08:58 EU17 PMI services March flash 56.3 56.8
09:00 Italy Consumer confidence March - 106.4
09:30 UK Retail sales February -0.5% 1.9%
09:30 UK Retail sales February Y/Y 2.4% 5.3%
12:30 USA Jobless claims week to 19.03 373K 385K
12:30 USA Durable goods orders February 1.0% 3.2%
12:30 USA Durable goods orders excluding transportation February 2.0% -3.6%
12:30 USA Durable goods orders excluding defence February 0.8% 1.9%
20:30 USA M2 money supply 14.03, bln - +9.7
23:30 Japan Nationwide CPI February - -0.2%
23:30 Japan Nationwide CPI February Y/Y - 0.0%
23:30 Japan Nationwide CPI ex fresh food February Y/Y -0.3% -0.2%
23:30 Japan Tokyo-area CPI March - -0.1%
23:30 Japan Tokyo-area CPI March Y/Y - -0.1%
23:30 Japan Tokyo-area CPI ex fresh food March Y/Y -0.3% -0.4%

Majors Daily Forecast 22 March 2011

EUR\/USD
Trading range: 1.4200 - 1.4305
Trend: Upward
Buy at 1.4214 SL 1.4182 TP 1.4291

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

GBP\/USD
Trading range: 1.6280 - 1.6395
Trend: Upward
Buy at 1.6294 SL 1.6262 TP 1.6382

USD\/CHF
Trading range: 0.9055 - 0.8950
Trend: Downward
Sell at 0.9044 SL 0.9076 TP 0.8960

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

04:30 Japan All industry index January 2.8% -0.2%
09:30 UK HICP February 0.6% 0.1%
09:30 UK HICP February Y/Y 4.2% 4.0%
09:30 UK HICP ex EFAT February Y/Y - 3.0%
09:30 UK Retail prices February - 0.3%
09:30 UK Retail prices February Y/Y - 5.1%
09:30 UK RPI-X February Y/Y - 5.1%
09:30 UK PSNCR February, bln - -14.4
09:30 UK PSNB February, bln - -5.3
11:00 UK CBI industrial order books balance March -6% -8%
11:00 UK CBI industrial output balance March - 23%
12:30 Canada Retail sales January 1.1% -0.2%
12:30 Canada Retail sales excluding auto January - 0.6%
12:55 USA Redbook 19.03

Majors Daily Forecast 21 March 2011

EUR\/USD
Trading range: 1.4150 - 1.4250
Trend: Upward
Buy at 1.4160 SL 1.4128 TP 1.4237

USD\/JPY
Trading range: 81.10 - 80.20
Trend: Downward
Sell at 80.98 SL 81.30 TP 80.26

GBP\/USD
Trading range: 1.6195 - 1.6310
Trend: Upward
Buy at 1.6208 SL 1.6176 TP 1.6296


USD\/CHF
Trading range: 0.9065 - 0.8960
Trend: Downward
Sell at 0.9054 SL 0.9086 TP 0.8970

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

Japan Spring Equinox Day
14:00 USA Existing home sales February, mln 5.12 5.36