Majors Daily Forecast 18 February 2010

18 March 2010 @ 03:54 am EDT

EUR/USD

Trading range: 1.3740 - 1.3640

Trend: Downward

Sell at 1.3727 SL 1.3759 TP 1.3650

USD/JPY

Trading range: 90.45 - 89.50

Trend: Downward

Sell at 90.32 91 90.64 TP 89.60

GBP/USD

Trading range: 1.5325 - 1.5215

Trend: Downward

Sell at 1.5315 SL 1.5347 TP 1.5227

USD/CHF

Trading range: 1.0535 - 1.0645

Trend: Upward

Buy at 1.0549 SL 1.0517 TP 1.0633

Today's Economic Calendar:

Time GMT, Country, Indicator, Forecast, Prior

05:00 Jap Leading indicators comp index Jan final 97.1 97.1

05:00 Jap Coincident indicators comp index Jan final 99.9 99.9

05:00 Jap BoJ monthly economic report Mar

09:00 EU 16 Current account Jan adj, bln - 1.9

09:00 EU 16 Current account Jan unadj, bln - 9.4

09:30 UK M4 money supply Feb provisional - 0.6%

09:30 UK M4 money supply Feb provisional Y/Y - 5.1%

09:30 UK PSNCR Feb, bln - -11.8

09:30 UK PSNB Feb, bln - 4.3

10:00 EU 16 Trade balance Jan unadj, bln - 4.4

11:00 UK CBI industrial order books balance Mar - -36%

11:00 UK CBI industrial output balance Mar - 7%

13:30 USA Jobless claims week to 13.03 - 462K

13:30 USA CPI Feb 0.1% 0.2%

13:30 USA CPI Feb Y/Y - 2.6%

13:30 USA CPI excluding food and energy Feb 0.1% -0.1%

13:30 USA CPI excluding food and energy Feb Y/Y - 1.6%

13:30 USA Current account Q4, bln - -108.0

15:00 USA Leading indicators Feb 0.2% 0.3%

15:00 USA Philadelphia Fed index Mar - 17.6

21:30 USA M2 money supply 08.03, bln - -11.2

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