Majors Daily Forecast 12 January 2011

By @ibtimes on

EUR/USD
Trading range: 1.3015 - 1.2915
Trend: Downward
Sell at 1.3003 SL 1.3035 TP 1.2926

USD/JPY
Trading range: 82.90 - 83.85
Trend: Upward
Buy at 83.03 SL 82.71 TP 83.75

GBP/USD
Trading range: 1.5660 - 1.5550
Trend: Downward
Sell at 1.5649 SL 1.5681 TP 1.5561

USD/CHF
Trading range: 0.9725 - 0.9835
Trend: Upward
Buy at 0.9737 SL 0.9705 TP 0.9821

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

07:00 Germany GDP Year 2010 Y/Y -
09:00 Italy Industrial production November adjusted - -0.1%
09:00 Italy Industrial production November Y/Y adjusted - 2.9%
09:30 UK Trade in goods November, bln - -8.5
09:30 UK Non-EU trade November, bln - -5.0
10:00 EU16 Industrial production November - 0.7%
10:00 EU16 Industrial production November Y/Y - 6.9%
UK BoE meeting 1st day
13:30 USA Import prices December - 1.3%
13:30 USA Export prices December - 1.5%
19:00 USA Federal budget December, bln - -150.4
19:00 USA Fed Beige book
23:50 Japan Machinery orders core November adjusted - -1.4%
23:50 Japan Machinery orders core November unadjusted Y/Y - 7.0%

*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 +42, total yesterday +93 pips, as shown at our web site.

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