Majors Daily Forecast 12 May 2011

By @ibtimes on

EUR/USD
Trading range: 1.4245 - 1.4145
Trend: Downward
Sell at 1.4234 SL 1.4266 TP 1.4157

USD/JPY
Trading range: 81.35 - 80.40
Trend: Downward
Sell at 81.21 SL 81.53 TP 80.49

GBP/USD
Trading range: 1.6390 - 1.6280
Trend: Downward
Sell at 1.6380 SL 1.6412 TP 1.6292

USD/CHF
Trading range: 0.8835 - 0.8945
Trend: Upward
Buy at 0.8848 SL 0.8816 TP 0.8932

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

05:30 France CPI April unadjusted - 0.8%
05:30 France CPI April unadjusted Y/Y - 2.0%
05:30 France HICP April Y/Y - 2.2%
08:30 UK Industrial production March 0.7% -1.2%
08:30 UK Industrial production March Y/Y 1.2% 2.4%
08:30 UK Manufacturing output March 0.3% 0.0%
08:30 UK Manufacturing output March Y/Y 2.8% 4.9%
09:00 EU17 Industrial production March - 0.4%
09:00 EU17 Industrial production March Y/Y - 7.3%
12:30 USA Jobless claims week to 07.05 415K 474K
12:30 USA PPI April 0.5% 0.7%
12:30 USA PPI April Y/Y - 5.8%
12:30 USA PPI excluding food and energy April 0.2% 0.3%
12:30 USA PPI excluding food and energy April Y/Y - 1.9%
12:30 USA Retail sales April 0.8% 0.4%
12:30 USA Retail sales excluding auto April 0.7% 0.8%
14:00 USA Business inventories March 0.9% 0.5%
20:30 USA M2 money supply 02.05, bln - +24.0

*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 +107, total yesterday +93 pips, as shown at our web site.

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