Daily Forecast 24 November 2009

24 November 2009 @ 02:23 am EDT

EUR/USD

Trading range: 1.4970 - 1.4870

Trend: Downward

Sell at 1.4958 SL 1.4990 TP 1.4881

USD/JPY

Trading range: 89.00 - 88.10

Trend: Downward

Sell at 88.90 91 89.22 TP 88.18

GBP/USD

Trading range: 1.6600 - 1.6490

Trend: Downward

Sell at 1.6588 SL 1.6620 TP 1.6500

USD/CHF

Trading range: 1.0090 - 1.0195

Trend: Upward

Buy at 1.0101 SL 1.0069 TP 1.0185

Today's Economic Calendar:

Time GMT, Country, Indicator, Forecast, Prior

05:00 Jap BoJ monthly economic report Nov

07:00 Ger GDP Q3 preliminary 0.7% 0.7%

07:00 Ger GDP Q3 preliminary Y/Y -4.8% -4.8%

07:45 Fra Business confidence Nov 91 89

07:45 Fra Consumer spending Oct 0.4% 2.3%

07:45 Fra Consumer spending Oct Y/Y 2.2% 1.0%

08:00 Ger IFO business climate index Nov 92.7 91.9

09:00 EU 16 Industrial orders Sep 1.2% 2.0%

09:00 EU 16 Industrial orders Sep Y/Y - -23.1%

13:30 USA GDP Q3 revised Y/Y 3.1% 3.5%

13:30 USA PCE price index Q3 revised - 2.8%

13:30 USA PCE price index ex food, energy Q3 revised - 1.4%

13:55 USA Redbook 21.11

14:00 USA Consumer confidence Nov 47.6 47.7

23:50 Jap Trade balance Oct unadj, trln - 0.520

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