Majors Daily Forecast 29 July 2010

29 July 2010 @ 02:37 am EDT

EUR/USD

Trading range: 1.2975 - 1.3075

Trend: Upward

Buy at 1.2988 SL 1.2956 TP 1.3065

USD/JPY

Trading range: 87.40 - 86.50

Trend: Downward

Sell at 87.30 87 87.62 TP 86.58

GBP/USD

Trading range: 1.5580 - 1.5690

Trend: Upward

Buy at 1.5591 SL 1.5559 TP 1.5679

USD/CHF

Trading range: 1.0590 - 1.0485

Trend: Downward

Sell at 1.0578 SL 1.0610 TP 1.0494

Today's Economic Calendar:

Time GMT, Country, Indicator, Forecast, Prior

06:00 UK Nationwide house price index July - 0.1%

06:00 UK Nationwide house price index July Y/Y - 8.7%

06:45 France PPI June - 0.0%

06:45 France PPI June Y/Y - 4.3%

07:30 Italy Business confidence July 95.9 96.1

07:55 Germany Unempl July seasonally adjusted - -21K

07:55 Germany Unempl July seasonally adjusted, mln - 3.230

07:55 Germany Unempl rate July seasonally adjusted - 7.7%

07:55 Germany Unempl July seasonally unadjusted, mln - 3.153

07:55 Germany Unempl rate July seasonally unadjusted - 7.5%

08:30 UK M4 money supply June final 0.0% 0.0%

08:30 UK M4 money supply June final Y/Y 3.0% 3.0%

08:30 UK Consumer credit June, bln 0.1 0.3

09:00 EU 16 Economic sentiment index July - 98.7

09:00 EU 16 Business climate indicator July - 0.37

12:30 USA Jobless claims week to 24.07 460K 464K

18:00 USA Fed Beige book

20:30 USA M2 money supply 19.07, bln - +13.9

23:30 Japan Nationwide CPI June - 0.1%

23:30 Japan Nationwide CPI June Y/Y - -0.9%

23:30 Japan Nationwide CPI ex fresh food June Y/Y - -1.2%

23:30 Japan Tokyo-area CPI July - 0.1%

23:30 Japan Tokyo-area CPI July Y/Y - -0.9%

23:30 Japan Tokyo-area CPI ex fresh food July Y/Y - -1.3%

23:30 Japan Unempl June - 5.2%

23:30 Japan Household spending June real Y/Y - -0.7%

23:50 Japan Industrial output June preliminary - 0.1%

23:50 Japan Industrial output June preliminary Y/Y - 20.4%

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