Majors Daily Forecast 12 March 2010

12 March 2010 @ 03:29 am EDT

EUR/USD

Trading range: 1.3660 - 1.3760

Trend: Upward

Buy at 1.3672 SL 1.3640 TP 1.3749

USD/JPY

Trading range: 90.80 - 89.85

Trend: Downward

Sell at 90.67 87 90.99 TP 89.95

GBP/USD

Trading range: 1.5015 - 1.5130

Trend: Upward

Buy at 1.5028 SL 1.4996 82 1.5116

USD/CHF

Trading range: 1.0705 - 1.0605

Trend: Downward

Sell at 1.0695 SL 1.0727 TP 1.0611

Today's Economic Calendar:

Time GMT, Country, Indicator, Forecast, Prior

10:00 EU 16 Ind. prod. Jan 0.7% -1.7%

10:00 EU 16 Ind. prod. Jan Y/Y -1.6% -5.0%

12:00 Can Employment Feb +17.5K +43K

12:00 Can Unemployment rate Feb 8.3% 8.3%

13:30 USA Retail sales Feb -0.2% 0.5%

13:30 USA Retail sales excluding auto Feb 0.1% 0.6%

14:55 USA Michigan sentiment index Mar prelim 73.9 73.6

15:00 USA Business inventories Jan 0.1% -0.2%

*Please note that the daily forecast is sent on time to subscribers only, who receive also updates, evening forecast, news and real time trading signals, on which our performance is based!

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