Majors Daily Forecast 16 February 2011

By @ibtimes on

EUR/USD
Trading range: 1.3510 - 1.3610
Trend: Upward
Buy at 1.3521 SL 1.3489 TP 1.3598

USD/JPY
Trading range: 83.90 - 82.95
Trend: Downward
Sell at 83.76 SL 84.08 TP 83.04

GBP/USD
Trading range: 1.6130 - 1.6240
Trend: Upward
Buy at 1.6141 SL 1.6109 TP 1.6229

USD/CHF
Trading range: 0.9665 - 0.9560
Trend: Downward
Sell at 0.9653 SL 0.9685 TP 0.9569

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

09:30 UK Claimant count January -2000 -4100
09:30 UK Claimant count rate January - 4.5%
09:30 UK Average earnings 3 months to December Y/Y 2.0% 2.1%
09:30 UK Average earnings ex bonuses 3 months to December Y/Y - 2.3%
09:30 UK ILO Jobless rate December 7.9% 7.9%
10:30 UK BoE quarterly inflation report
13:30 USA Housing starts January, mln 0.537 0.529
13:30 USA Building permits January, mln 0.570 0.635
13:30 USA PPI January 0.9% 1.1%
13:30 USA PPI January Y/Y - 4.0%
13:30 USA PPI excluding food and energy January 0.1% 0.2%
13:30 USA PPI excluding food and energy January Y/Y - 1.3%
14:15 USA Industrial production January 0.4% 0.8%
14:15 USA Capacity utilisation January 76.3 76.0

*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 +49, total yesterday +151 pips, as shown at our web site.

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