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%