Daily Forecast 5 November 2009

05 November 2009 @ 03:19 am EDT

EUR/USD

Trading range: 1.4865 - 1.4765

Trend: Downward

Sell at 1.4855 SL 1.4887 TP 1.4778

USD/JPY

Trading range: 90.65 - 89.70

Trend: Downward

Sell at 90.51 91 90.83 TP 89.79

GBP/USD

Trading range: 1.6540 - 1.6430

Trend: Downward

Sell at 1.6530 SL 1.6562 TP 1.6442

USD/CHF

Trading range: 1.0150 - 1.0255

Trend: Upward

Buy at 1.0160 SL 1.0128 TP 1.0244

Today's Economic Calendar:

Time GMT, Country, Indicator, Forecast, Prior

09:30 UK Industrial production Sep - -2.5%

09:30 UK Industrial production Sep Y/Y - -11.2%

09:30 UK Manufacturing output Sep - -1.9%

09:30 UK Manufacturing output Sep Y/Y - -11.3%

10:00 EU 16 Retail sales Sep adjusted 0.2% -0.2%

10:00 EU 16 Retail sales Sep adjusted Y/Y -2.4% -2.6%

12:00 UK BoE meeting announcement 0.50% 0.50%

12:45 EU 16 ECB meeting announcement 1.00% 1.00%

13:30 EU 16 ECB press conference

13:30 USA Jobless claims week to 31.10 - 530K

13:30 USA Productivity Q3 preliminary 5.8% 6.6%

13:30 USA Unit labour cost Q3 preliminary - -5.9%

21:30 USA M2 money supply 26.10, bln - +26.4

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