Majors Daily Forecast 1 September 2010

EUR/USD
Trading range: 1.2740 - 1.2640
Trend: Downward
Sell at 1.2727 SL 1.2759 TP 1.2650

USD/JPY
Trading range: 84.65 - 83.70
Trend: Downward
Sell at 84.52 91 84.84 TP 83.80

GBP/USD
Trading range: 1.5430 - 1.5315
Trend: Downward
Sell at 1.5417 SL 1.5449 TP 1.5329

USD/CHF
Trading range: 1.0185 - 1.0080
Trend: Downward
Sell at 1.0173 SL 1.0205 TP 1.0089

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

06:00 Germany Retail sales July real adjusted 0.6% -0.9%
06:00 Germany Retail sales July real unadjusted Y/Y - 3.1%
07:45 Italy PMI August - 54.4
07:50 France PMI August 54.7 53.9
07:55 Germany PMI August seasonally adjusted 58.2 61.2
08:00 EU 16 PMI August 55.0 56.7
08:30 UK CIPS manufacturing index August 57.1 57.3
12:15 USA ADP employment August +22K +42K
14:00 USA ISM Mfg business index August 53.6 55.5
14:00 USA Construction spending July -0.3% 0.1%