Majors Daily Forecast 17 April 2012

By @ibtimes on

EUR/USD
Trading range: 1.3135 - 1.3035
Trend: Downward
Sell at 1.3123 SL 1.3155 TP 1.3046

USD/JPY
Trading range: 80.60 - 79.70
Trend: Downward
Sell at 80.50 SL 80.82 TP 79.78

GBP/USD
Trading range: 1.5900 - 1.5790
Trend: Downward
Sell at 1.5890 SL 1.5922 TP 1.5802

USD/CHF
Trading range: 0.9145 - 0.9255
Trend: Upward
Buy at 0.9158 SL 0.9126 TP 0.9242

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

04:30 Japan Industrial output February final -1.2% -1.2%
04:30 Japan Industrial output February final Y/Y 1.5% 1.5%
08:30 UK HICP March 0.4% 0.6%
08:30 UK HICP March Y/Y 3.5% 3.4%
08:30 UK HICP ex EFAT March Y/Y 2.3% 2.4%
08:30 UK Retail prices March 0.4% 0.8%
08:30 UK Retail prices March Y/Y 3.6% 3.7%
08:30 UK RPI-X March Y/Y - 3.8%
09:00 Germany ZEW economic expectations index April 12.0 22.3
09:00 EU17 Harmonized CPI March final - 0.5%
09:00 EU17 Harmonized CPI March final Y/Y 2.6% 2.7%
09:00 EU17 Harmonized CPI ex EFAT March Y/Y 1.5% 1.5%
12:30 USA Housing starts March, mln 0.700 0.698
12:30 USA Building permits March, mln 0.705 0.717
12:55 USA Redbook 14.04
13:15 USA Industrial production March 0.2% 0.0%
13:15 USA Capacity utilisation March 78.6 78.7
14:00 Canada BOC meeting announcement 1.00% 1.00%

*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 +34, total yesterday +98 pips, as shown at our web site.

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