Daily Forecast 18 November 2009

18 November 2009 @ 02:51 am EDT

EUR/USD

Trading range: 1.4860 - 1.4960

Trend: Upward

Buy at 1.4870 SL 1.4838 TP 1.4947

USD/JPY

Trading range: 89.40 - 88.45

Trend: Downward

Sell at 89.26 87 89.58 TP 88.54

GBP/USD

Trading range: 1.6770 - 1.6885

Trend: Upward

Buy at 1.6784 SL 1.6752 82 1.6872

USD/CHF

Trading range: 1.0175 - 1.0070

Trend: Downward

Sell at 1.0164 SL 1.0196 TP 1.0080

Today's Economic Calendar:

Time GMT, Country, Indicator, Forecast, Prior

09:00 EU 16 Current account Sep adjusted, bln - -1.3

09:00 EU 16 Current account Sep unadjusted, bln - -5.0

09:30 UK BoE meeting minutes 04-05.11

11:00 UK CBI ind order books balance Nov -48% -51%

12:00 Can CPI Oct 0.1% 0.0%

12:00 Can CPI Oct Y/Y 0.3% -0.9%

12:00 Can CPI excl food and energy Oct 0.0% 0.3%

12:00 Can CPI excl food and energy Oct Y/Y 1.7% 1.5%

13:30 USA CPI Oct 0.2% 0.2%

13:30 USA CPI Oct Y/Y -0.2% -1.3%

13:30 USA CPI excl food and energy Oct 0.1% 0.2%

13:30 USA CPI excl food and energy Oct Y/Y 1.6% 1.5%

13:30 USA Housing starts Oct, mln 0.599 0.590

13:30 USA Building permits Oct, mln 0.580 0.573

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