Daily Forecast 3 December 2009

USD/JPYTrading range: 88.00 - 87.10Trend: DownwardSell at 87.90 87 88.22 TP 87.18

GBP/USDTrading range: 1.6650 - 1.6760Trend: UpwardBuy at 1.6662 SL 1.6630 82 1.6750

USD/CHFTrading range: 1.0010 - 0.9905Trend: DownwardSell at 0.9999 SL 1.0031 TP 0.9915

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

07:00 Ger Retail sales Nov real adj - -0.5%07:00 Ger Retail sales Nov real unadj Y/Y - -3.9%08:45 Ita PMI services Nov - 52.208:50 Fra PMI services Nov - 57.708:55 Ger PMI services Nov seasonally adj - 50.709:00 EU 16 PMI services Nov - 52.609:30 UK CIPS services index Nov - 56.910:00 EU 16 GDP Q3 prelim 0.4% -0.2%10:00 EU 16 GDP Q3 prelim Y/Y -4.1% -4.8%10:00 EU 16 Retail sales Oct adj - -0.7%10:00 EU 16 Retail sales Oct adj Y/Y - -3.6%12:45 EU 16 ECB meeting announcement 1.00% 1.00%13:30 EU 16 ECB press conference13:30 USA Jobless claims week to 28.11 - 466K13:30 USA Productivity Q3 revised - 9.5%13:30 USA Unit labour cost Q3 revised - -5.2%15:00 USA ISM Non-mfg composite index Nov - 50.615:00 USA ISM Non-mfg business index Nov - 55.221:30 USA M2 money supply 23.11, bln - +2.7

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