Daily Forecast 23 November 2009

23 November 2009 @ 02:38 am EDT

EUR/USD

Trading range: 1.4910 - 1.5010

Trend: Upward

Buy at 1.4921 SL 1.4889 TP 1.4998

USD/JPY

Trading range: 89.00 - 88.10

Trend: Downward

Sell at 88.88 87 89.20 TP 88.16

GBP/USD

Trading range: 1.6515 - 1.6630

Trend: Upward

Buy at 1.6528 SL 1.6496 82 1.6616

USD/CHF

Trading range: 1.0145 - 1.0040

Trend: Downward

Sell at 1.0131 SL 1.0163 TP 1.0047

Today's Economic Calendar:

Time GMT, Country, Indicator, Forecast, Prior

Jap Labour Thanksgiving Day

08:00 Fra PMI Oct flash 55.7 55.6

08:00 Fra PMI services Oct flash 58.0 57.7

08:30 Ger PMI Oct flash 51.8 51.0

08:30 Ger PMI services Oct flash 50.9 50.7

09:00 EU 16 PMI Oct flash 51.3 50.7

09:00 EU 16 PMI services Oct flash 52.8 52.6

13:30 Can Retail sales Sep - 0.8%

13:30 Can Retail sales excluding auto Sep - 0.5%

15:00 USA Existing home sales Oct, mln 5.63 5.57

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