Majors Daily Forecast 11 March 2011

By @ibtimes on

EUR/USD
Trading range: 1.3835 - 1.3735
Trend: Downward
Sell at 1.3825 SL 1.3857 TP 1.3748

USD/JPY
Trading range: 82.65 - 83.65
Trend: Upward
Buy at 82.79 SL 82.47 TP 83.51

GBP/USD
Trading range: 1.6085 - 1.5975
Trend: Downward
Sell at 1.6075 SL 1.6107 TP 1.5987

USD/CHF
Trading range: 0.9295 - 0.9405
Trend: Upward
Buy at 0.9307 SL 0.9275 TP 0.9391

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

07:00 Germany CPI February final 0.5% -0.4%
07:00 Germany CPI February final Y/Y 2.0% 2.0%
07:00 Germany HICP February final Y/Y 2.2% 2.0%
07:00 Germany Wholesale prices February - 1.2%
07:00 Germany Wholesale prices February Y/Y - 9.4%
09:30 UK PPI Output February unadjusted 0.6% 1.0%
09:30 UK PPI Output February unadjusted Y/Y 5.3% 4.8%
09:30 UK PPI Output ex FDT February adjusted 0.4% 0.7%
09:30 UK PPI Output ex FDT February unadjusted Y/Y - 3.2%
09:30 UK PPI Input February adjusted 1.4% 1.7%
09:30 UK PPI Input February unadjusted Y/Y 14.6% 13.4%
09:00 Italy GDP Q4 final 0.1% 0.1%
09:00 Italy GDP Q4 final Y/Y 1.3% 1.3%
12:00 Canada Employment February +30.0 +69.2
12:00 Canada Unemployment rate February 7.7% 7.8%
13:30 USA Retail sales February 0.6% 0.3%
13:30 USA Retail sales excluding auto February 0.5% 0.3%
14:55 USA Michigan sentiment index March preliminary 76.8 77.5
15:00 USA Business inventories January 0.7% 0.8%

*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 +107, total yesterday +142 pips, as shown at our web site.

Join the Discussion