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Daily Forecast 4 November 2009

04 Nov, 2009 @ 03:19 am ET | written by iFOREX


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

*Please note that the daily forecast is sent on time to subscribers only, who receive also updates, evening forecast, news and real time trading signals, on which our performance is based!

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