Daily Forecast 4 November 2009

04 November 2009 @ 03:19 am EDT

EUR/USD

Trading range: 1.4710 - 1.4810

Trend: Upward

Buy at 1.4723 SL 1.4691 TP 1.4800

USD/JPY

Trading range: 90.05 - 91.05

Trend: Upward

Buy at 90.19 SL 89.87 TP 90.91

GBP/USD

Trading range: 1.6400 - 1.6515

Trend: Upward

Buy at 1.6413 SL 1.6381 TP 1.6501

USD/CHF

Trading range: 1.0275 - 1.0170

Trend: Downward

Sell at 1.0263 SL 1.0295 TP 1.0179

Today's Economic Calendar:

Time GMT, Country, Indicator, Forecast, Prior

08:45 Ita PMI services Oct 49.9 48.5

08:50 Fra PMI services Oct 57.8 53.2

08:55 Ger PMI services Oct seasonally adjusted 50.9 52.1

09:00 EU 16 PMI services Oct 52.3 50.9

09:30 UK CIPS services index Oct 55.3

10:00 EU 16 PPI Sep -0.4% 0.4%

10:00 EU 16 PPI Sep Y/Y -7.7% -7.5%

13:15 USA ADP employment Oct -190K -254K

15:00 USA ISM Non-mfg composite index Oct 51.5 50.9

15:00 USA ISM Non-mfg business index Oct - 55.1

19:15 USA FOMC meeting announcement 0.00-0.25% 0.00-0.25%

23:50 Jap BoJ meeting minutes 13-14.10

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