Majors Daily Forecast 16 August 2010

16 August 2010 @ 02:50 am EDT

EUR/USD

Trading range: 1.2760 - 1.2860

Trend: Upward

Buy at 1.2771 SL 1.2739 TP 1.2848

USD/JPY

Trading range: 85.70 - 86.65

Trend: Upward

Buy at 85.80 SL 85.48 TP 86.52

GBP/USD

Trading range: 1.5560 - 1.5670

Trend: Upward

Buy at 1.5571 SL 1.5539 TP 1.5659

USD/CHF

Trading range: 1.0530 - 1.0430

Trend: Downward

Sell at 1.0520 SL 1.0552 TP 1.0436

Today's Economic Calendar:

Time GMT, Country, Indicator, Forecast, Prior

09:00 EU 16 Harmonized CPI July final 0.0% 0.0%

09:00 EU 16 Harmonized CPI July final Y/Y 1.7% 1.4%

09:00 EU 16 Harmonized CPI ex EFAT July Y/Y 0.8% 0.9%

12:30 USA NY Fed Empire State manufacturing index August 7.3 5.1

13:00 USA TICS net flows June, bln - 17.5

13:00 USA TICS net long-term flows June, bln 36.5 35.4

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