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%