Majors Daily Forecast 16 March 2011

By @ibtimes on

EUR/USD
Trading range: 1.3950 - 1.4050
Trend: Upward
Buy at 1.3963 SL 1.3931 TP 1.4040

USD/JPY
Trading range: 81.10 - 80.15
Trend: Downward
Sell at 80.97 SL 81.29 TP 80.25

GBP/USD
Trading range: 1.6040 - 1.6150
Trend: Upward
Buy at 1.6052 SL 1.6020 TP 1.6140

USD/CHF
Trading range: 0.9195 - 0.9090
Trend: Downward
Sell at 0.9182 SL 0.9214 TP 0.9098

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

05:00 Japan BoJ monthly economic report March
09:00 Italy CPI February final 0.3% 0.3%
09:00 Italy CPI February final Y/Y 2.4% 2.4%
09:00 Italy HICP February final Y/Y 2.1% 2.1%
09:00 Italy Consumer confidence March - 106.4
09:30 UK Claimant count February - 2400
09:30 UK Claimant count rate February - 4.5%
09:30 UK Average earnings 3 months to January Y/Y - 1.8%
09:30 UK Average earnings ex bonuses 3 months to January Y/Y - 2.3%
09:30 UK ILO Jobless rate January - 7.9%
10:00 EU17 Harmonized CPI February final - -0.7%
10:00 EU17 Harmonized CPI February final Y/Y 2.4% 2.3%
10:00 EU17 Harmonized CPI ex EFAT February Y/Y - 1.1%
13:30 USA Housing starts February, mln 0.565 0.596
13:30 USA Building permits February, mln 0.570 0.563 0.562
13:30 USA PPI February 0.6% 0.8%
13:30 USA PPI February Y/Y - 3.6%
13:30 USA PPI excluding food and energy February 0.2% 0.5%
13:30 USA PPI excluding food and energy February Y/Y - 1.6%
13:30 USA Current account Q4, bln -110.0 -127.2
23:50 Japan Tertiary activity index January -0.6% -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 +106, total yesterday +134 pips, as shown at our web site.

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