Majors Daily Forecast 23 December 2009

23 December 2009 @ 03:14 am EDT

EUR/USD

Trading range: 1.4285 - 1.4185

Trend: Downward

Sell at 1.4274 SL 1.4306 TP 1.4197

USD/JPY

Trading range: 91.45 - 92.40

Trend: Upward

Buy at 91.56 SL 91.24 TP 92.28

GBP/USD

Trading range: 1.5990 - 1.5875

Trend: Downward

Sell at 1.5977 SL 1.6009 TP 1.5889

USD/CHF

Trading range: 1.0465 - 1.0575

Trend: Upward

Buy at 1.0477 SL 1.0445 TP 1.0561

Today's Economic Calendar:

Time GMT, Country, Indicator, Forecast, Prior

Japan Birthday of the Emperor

07:50 Fra Consumer spending Nov - 1.1%

07:50 Fra Consumer spending Nov Y/Y - 3.5%

08:30 Ita Consumer confidence Dec - 112.8

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

09:00 Ita Retail sales Oct Y/Y unadj - -1.6%

09:30 UK BoE meeting minutes 09-10.12

13:30 USA Personal income Nov 0.4% 0.2%

13:30 USA Personal spending Nov 0.6% 0.7%

13:30 USA PCE price index ex food, energy Nov 0.1% 0.2%

13:30 USA PCE price index ex food, energy Nov Y/Y - 1.4%

14:55 USA Michigan sentiment index Dec final 73.7 73.4

15:00 USA New home sales Nov 435K 430K

23:50 Jap BoJ meeting minutes 19-20.11

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