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