Majors Daily Forecast 17 February 2011

By @ibtimes on

EUR/USD
Trading range: 1.3540 - 1.3640
Trend: Upward
Buy at 1.3552 SL 1.3520 TP 1.3629

USD/JPY
Trading range: 83.75 - 82.85
Trend: Downward
Sell at 83.63 SL 83.95 TP 82.91

GBP/USD
Trading range: 1.6080 - 1.6190
Trend: Upward
Buy at 1.6092 SL 1.6060 TP 1.6180

USD/CHF
Trading range: 0.9615 - 0.9510
Trend: Downward
Sell at 0.9601 SL 0.9633 TP 0.9517

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

03:30 Japan BoJ meeting announcement 0.00-0.10% 0.00-0.10%
05:00 Japan Leading indicators composite index December final - 101.4
05:00 Japan Coincident indicators composite index December final - 103.1
09:00 EU16 Current account December adjusted, bln - -4.0
09:00 EU16 Current account December unadjusted, bln - -6.0
11:00 UK CBI industrial order books balance February -7% -16%
11:00 UK CBI industrial output balance February - 17%
13:30 USA Jobless claims week to 12.02 405K 383K
13:30 USA CPI January 0.3% 0.5%
13:30 USA CPI January Y/Y - 1.5%
13:30 USA CPI excluding food and energy January 0.1% 0.1%
13:30 USA CPI excluding food and energy January Y/Y - 0.8%
15:00 USA Leading indicators January 0.2% 1.0%
15:00 USA Philadelphia Fed index February 20.2 19.3
21:30 USA M2 money supply 07.02, bln - +39.5

*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 +61, total yesterday +51 pips, as shown at our web site.

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