Majors Daily Forecast 3 March 2011

EUR\/USD
Trading range: 1.3840 - 1.3940
Trend: Upward
Buy at 1.3852 SL 1.3820 TP 1.3929


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


GBP\/USD
Trading range: 1.6295 - 1.6405
Trend: Upward
Buy at 1.6306 SL 1.6274 TP 1.6394


USD\/CHF
Trading range: 0.9275 - 0.9170
Trend: Downward
Sell at 0.9263 SL 0.9295 TP 0.9179






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


07:00 Germany Retail sales January real adjusted - -0.3%
07:00 Germany Retail sales January real unadjusted Y/Y - -1.3%
08:45 Italy PMI services February - 49.9
08:50 France PMI services February 60.8 57.8
08:55 Germany PMI services February seasonally adjusted 59.5 60.3
09:00 EU17 PMI services February 57.2 55.9
09:30 UK CIPS services index February - 54.5
10:00 Italy PPI January - 0.6%
10:00 Italy PPI January Y/Y - 4.6%
10:00 EU17 Retail sales January adjusted - -0.6%
10:00 EU17 Retail sales January adjusted Y/Y - -0.9%
10:00 EU16 GDP Q4 revised 0.3% 0.3%
10:00 EU16 GDP Q4 revised Y/Y 2.0% 2.0%
12:45 EU17 ECB meeting announcement 1.00% 1.00%
13:30 EU17 ECB press conference
13:30 USA Jobless claims week to 26.02 400K 391K
13:30 USA Productivity Q4 revised 2.3% 2.6%
13:30 USA Unit labour cost Q4 revised -0.4% -0.6%
15:00 USA ISM Non-mfg composite index February 59.5 59.4
15:00 USA ISM Non-mfg business index February - 64.6
21:30 USA M2 money supply 21.02, bln - +8.4