Majors Daily Forecast 27 January 2012

EUR/USD
Trading range: 1.3070 - 1.3170
Trend: Upward
Buy at 1.3081 SL 1.3049 TP 1.3158

USD/JPY
Trading range: 77.30 - 76.35
Trend: Downward
Sell at 77.17 SL 77.49 TP 76.45

GBP/USD
Trading range: 1.5655 - 1.5765
Trend: Upward
Buy at 1.5667 SL 1.5635 TP 1.5755

USD/CHF
Trading range: 0.9240 - 0.9135
Trend: Downward
Sell at 0.9228 SL 0.9260 TP 0.9144

Today's Economic Calendar:
Time GMT, Country, Indicator, Forecast, Prior

00:01 UK Gfk consumer confidence January -33
07:00 Germany Import prices December 0.3% 0.4%
07:00 Germany Import prices December Y/Y 3.8% 6.0%
09:00 EU17 M3 money supply December adjusted Y/Y 2.3% 2.0%
09:00 EU17 M3 money supply 3 months to December adjusted Y/Y 2.3% 2.5%
13:30 USA GDP Q4 preliminary Y/Y 3.0% 1.8%
13:30 USA PCE price index Q4 preliminary - 2.3%
13:30 USA PCE price index ex food, energy Q4 preliminary - 2.1%
14:55 USA Michigan sentiment index January final 74.0 74.0