Daily Forecast 19 November 2009

19 November 2009 @ 02:55 am EDT

EUR/USD

Trading range: 1.4940 - 1.4835

Trend: Downward

Sell at 1.4926 SL 1.4958 TP 1.4849

USD/JPY

Trading range: 89.25 - 88.35

Trend: Downward

Sell at 89.15 91 89.47 TP 88.43

GBP/USD

Trading range: 1.6735 - 1.6625

Trend: Downward

Sell at 1.6724 SL 1.6756 TP 1.6636

USD/CHF

Trading range: 1.0110 - 1.0220

Trend: Upward

Buy at 1.0124 SL 1.0092 TP 1.0208

Today's Economic Calendar:

Time GMT, Country, Indicator, Forecast, Prior

05:00 Jap Leading inds composite index Sep final - 86.4

05:00 Jap Coincident inds composite index Sep final - 92.5

09:30 UK Retail sales Oct 0.6% 0.0%

09:30 UK Retail sales Oct Y/Y 3.0% 2.4%

09:30 UK M4 money supply Oct provisional 1.0% 0.8%

09:30 UK M4 money supply Oct provisional Y/Y 9.9% 11.6%

09:30 UK PSNCR Oct, bln 4.0 19.4

13:30 USA Jobless claims week to 14.11 - 502K

15:00 USA Leading inds Oct 0.4% 1.0%

15:00 USA Philadelphia Fed index Nov 10.8 11.5

21:30 USA M2 money supply 09.11, bln - -6.5

*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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