Majors Daily Forecast 31 March 2011

EUR\/USD
Trading range: 1.4115 - 1.4215
Trend: Upward
Buy at 1.4128 SL 1.4096 TP 1.4205

USD\/JPY
Trading range: 82.95 - 82.05
Trend: Downward
Sell at 82.83 SL 83.15 TP 82.11

GBP\/USD
Trading range: 1.6070 - 1.6185
Trend: Upward
Buy at 1.6084 SL 1.6052 TP 1.6172

USD\/CHF
Trading range: 0.9200 - 0.9095
Trend: Downward
Sell at 0.9186 SL 0.9218 TP 0.9102


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

05:00 Japan Housing starts February Y/Y - 2.7%
05:00 Japan Construction orders February Y/Y - 3.1%
05:30 France GDP Q4 revised 0.3% 0.3%
05:30 France GDP Q4 revised Y/Y 1.5% 1.5%
06:00 UK Nationwide house price index March - 0.3%
06:00 UK Nationwide house price index March Y/Y - -0.1%
06:45 France PPI February - 0.9%
06:45 France PPI February Y/Y - 5.6%
07:55 Germany Unemployment March seasonally adjusted - -52K
07:55 Germany Unemployment March seasonally adjusted, mln - 3.069
07:55 Germany Unemployment rate March seasonally adjusted - 7.3%
07:55 Germany Unemployment March seasonally unadjusted, mln - 3.317
07:55 Germany Unemployment rate March seasonally unadjusted - 7.9%
08:00 Italy PPI February - 1.1%
08:00 Italy PPI February Y/Y - 5.1%
09:00 Italy CPI March preliminary - 0.3%
09:00 Italy CPI March preliminary Y/Y - 2.4%
09:00 Italy HICP March preliminary Y/Y - 2.1%
09:00 EU17 Harmonized CPI March Y/Y preliminary - 2.4%
12:30 USA Jobless claims week to 26.03 375K 382K
13:45 USA Chicago PMI March 68.5 71.2
14:00 USA Factory orders February 0.4% 3.1%
20:30 USA M2 money supply 21.03, bln - -25.2
23:50 Japan BoJ Tankan survey Q1 - 5