Daily Forecast 25 November 2009

25 November 2009 @ 02:50 am EDT

EUR/USD

Trading range: 1.4970 - 1.5070

Trend: Upward

Buy at 1.4981 SL 1.4949 TP 1.5058

USD/JPY

Trading range: 88.50 - 87.60

Trend: Downward

Sell at 88.39 87 88.71 TP 87.67

GBP/USD

Trading range: 1.6590 - 1.6705

Trend: Upward

Buy at 1.6603 SL 1.6571 82 1.6691

USD/CHF

Trading range: 1.0090 - 0.9990

Trend: Downward

Sell at 1.0080 SL 1.0112 TP 0.9996

Today's Economic Calendar:

Time GMT, Country, Indicator, Forecast, Prior

08:30 Ita Consumer confidence Nov 111.6 111.7

09:00 Ita Retail sales Sep adj -0.1% -0.1%

09:00 Ita Retail sales Sep Y/Y unadj -3.0% -2.9%

09:30 UK GDP Q3 revised -0.3% -0.4%

09:30 UK GDP Q3 revised Y/Y -5.1% -5.2%

13:30 USA Jobless claims week to 21.11 - 505K

13:30 USA Durable goods orders Oct 0.4% 1.4 1.0%

13:30 USA Durable goods orders excl transp Oct 0.9% 0.9%

13:30 USA Durable goods orders excl defence Oct - 0.5%

13:30 USA Personal income Oct 0.2% 0.0%

13:30 USA Personal spending Oct 0.4% -0.5%

13:30 USA PCE price index ex food, energy Oct 0.1% 0.1%

13:30 USA PCE price index ex food, energy Oct Y/Y - 1.3%

14:55 USA Michigan sentiment index Nov final 66.4 66.0

15:00 USA New home sales Oct 410K 402K

19:00 USA FOMC meeting minutes 03-04.11

23:50 Jap BoJ meeting minutes 30.10

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