Majors Daily Forecast 13 May 2011

By @ibtimes on

EUR/USD
Trading range: 1.4180 - 1.4280
Trend: Upward
Buy at 1.4193 SL 1.4161 TP 1.4270

USD/JPY
Trading range: 81.00 - 80.10
Trend: Downward
Sell at 80.90 SL 81.22 TP 80.18

GBP/USD
Trading range: 1.6230 - 1.6345
Trend: Upward
Buy at 1.6243 SL 1.6211 TP 1.6331

USD/CHF
Trading range: 0.8885 - 0.8780
Trend: Downward
Sell at 0.8874 SL 0.8906 TP 0.8790

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

06:30 France GDP Q1 preliminary - 0.3%
06:30 France GDP Q1 preliminary Y/Y - 1.5%
07:00 Germany GDP Q1 flash - 0.4%
07:00 Germany GDP Q1 flash Y/Y - 4.0%
09:00 Italy GDP Q1 preliminary - 0.1%
09:00 Italy GDP Q1 preliminary Y/Y - 1.3%
10:00 EU16 GDP Q1 flash - 0.3%
10:00 EU16 GDP Q1 flash Y/Y - 2.0%
12:30 USA CPI April 0.4% 0.5%
12:30 USA CPI April Y/Y - 2.7%
12:30 USA CPI excluding food and energy April 0.1% 0.1%
12:30 USA CPI excluding food and energy April Y/Y - 1.2%
13:55 USA Michigan sentiment index May preliminary 70.0 69.8

*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 +93, total yesterday +163 pips, as shown at our web site.

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