Majors Daily Forecast 14 February 2012

February 14, 2012 7:14 AM GMT

iFOREX

EUR/USD
Trading range: 1.3180 - 1.3080
Trend: Downward
Sell at 1.3169 SL 1.3201 TP 1.3092

USD/JPY
Trading range: 77.70 - 78.65
Trend: Upward
Buy at 77.80 SL 77.48 TP 78.52

GBP/USD
Trading range: 1.5735 - 1.5620
Trend: Downward
Sell at 1.5721 SL 1.5753 TP 1.5633

USD/CHF
Trading range: 0.9160 - 0.9270
Trend: Upward
Buy at 0.9173 SL 0.9141 TP 0.9257

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

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03:30 Japan BoJ meeting announcement 0.00-0.10% 0.00-0.10%
04:30 Japan Industrial output December final 4.0% 4.0%
04:30 Japan Industrial output December final Y/Y -4.1% -4.1%
09:30 UK HICP January -0.2% 0.4%
09:30 UK HICP January Y/Y 3.8% 4.2%
09:30 UK HICP ex EFAT January Y/Y 2.8% 3.0%
09:30 UK Retail prices January - 0.4%
09:30 UK Retail prices January Y/Y - 4.8%
09:30 UK RPI-X January Y/Y - 5.0%
10:00 Germany ZEW economic expectations index February -12.0 -21.6
10:00 EU17 Industrial production December -0.6% -0.1%
10:00 EU17 Industrial production December Y/Y - -0.3%
13:30 USA Retail sales January 0.9% 0.1%
13:30 USA Retail sales excluding auto January 0.5% -0.2%
13:30 USA Import prices January - -0.1%
13:30 USA Export prices January - -0.5%
15:00 USA Business inventories December 0.5% 0.3%
13:55 USA Redbook 11.02

*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, from which we have made today so far +47, total yesterday +106 pips, as shown at our web site.

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News From Forex

EUR/USD Weekly Outlook

EUR/USD's decline extended further as expected as reached as low as 1.2496. The break of 1.2625 confirmed resumption of whole fall from 1.4939. Initial bias remains on the downside this week.

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