Majors Daily Forecas10 March 2010

10 March 2010 @ 02:28 am EDT

EUR/USD

Trading range: 1.3615 - 1.3515

Trend: Downward

Sell at 1.3605 SL 1.3637 TP 1.3528

USD/JPY

Trading range: 90.25 - 89.35

Trend: Downward

Sell at 90.15 91 90.47 TP 89.43

GBP/USD

Trading range: 1.4995 - 1.4880

Trend: Downward

Sell at 1.4981 SL 1.5013 TP 1.4893

USD/CHF

Trading range: 1.0735 - 1.0845

Trend: Upward

Buy at 1.0747 SL 1.0715 TP 1.0831

Today's Economic Calendar:

Time GMT, Country, Indicator, Forecast, Prior

07:00 Ger Current account Jan unadj, bln 15.0 20.6

07:00 Ger Trade balance Jan unadj, bln 14.5 13.5

07:00 Ger CPI Feb final 0.2% 0.2%

07:00 Ger CPI Feb final Y/Y 0.4% 0.4%

07:00 Ger HICP Feb final Y/Y 0.3% 0.3%

07:45 Fra Ind. prod. Jan 0.2% -0.1%

07:45 Fra Ind. prod. Jan Y/Y 1.7% -2.3%

09:00 Ita Ind. prod. Jan adj - -0.7%

09:00 Ita Ind. prod. Jan Y/Y adj - -5.6%

09:00 Ita GDP Q4 final -0.2% 0.6%

09:00 Ita GDP Q4 final Y/Y -2.8% -4.6%

09:30 UK Ind. prod. Jan 0.2% 0.5%

09:30 UK Ind. prod. Jan Y/Y -0.8% -3.6%

09:30 UK Manufacturing output Jan 0.2% 0.9%

09:30 UK Manufacturing output Jan Y/Y 1.4% -1.9%

15:00 USA Wholesale inventories Jan 0.2% -0.8%

19:00 USA Federal budget Feb, bln -202.0 -42.6

20:00 New Zeal RBNZ meeting announcement 2.50% 2.50%

23:50 Jap Real GDP Q4 revised 1.0% 1.1%

23:50 Jap Real GDP Q4 revised Y/Y 4.0% 4.6%

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