Majors Daily Forecast 4 June 2010

04 June 2010 @ 04:00 am EDT

EUR/USD

Trading range: 1.2155 - 1.2255

Trend: Upward

Buy at 1.2166 SL 1.2134 TP 1.2243

USD/JPY

Trading range: 92.50 - 93.45

Trend: Upward

Buy at 92.60 SL 92.28 TP 93.32

GBP/USD

Trading range: 1.4595 - 1.4710

Trend: Upward

Buy at 1.4609 SL 1.4577 TP 1.4697

USD/CHF

Trading range: 1.1570 - 1.1465

Trend: Downward

Sell at 1.1558 SL 1.1590 TP 1.1474

Today's Economic Calendar:

Time GMT, Country, Indicator, Forecast, Prior

06:00 Germany Retail sales May real adj 0.7% -2.4%

06:00 Germany Retail sales May real unadj Y/Y -0.8% 2.7%

09:00 EU 16 GDP Q1 preliminary 0.2% 0.0%

09:00 EU 16 GDP Q1 preliminary Y/Y 0.5% -2.2%

11:00 Canada Employment May +20.0 +108.7

11:00 Canada Unemployment rate May 8.0% 8.1%

12:30 USA Nonfarm payrolls May 500K 290K

12:30 USA Unemployment rate May 9.8% 9.9%

12:30 USA Average hourly earnings May 0.1% 0.4%

12:30 USA Average workweek May 34.1 34.1

*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!

Majors Daily Forecast 4 June 2010

Most Popular Slideshows

Most Popular on IBTimes