Majors Daily Forecast 20 January 2011

By @ibtimes on

EUR/USD
Trading range: 1.3435 - 1.3535
Trend: Upward
Buy at 1.3445 SL 1.3413 TP 1.3522

USD/JPY
Trading range: 82.30 - 81.35
Trend: Downward
Sell at 82.16 87 82.48 TP 81.44

GBP/USD
Trading range: 1.5915 - 1.6025
Trend: Upward
Buy at 1.5926 SL 1.5894 TP 1.6014

USD/CHF
Trading range: 0.9580 - 0.9475
Trend: Downward
Sell at 0.9567 SL 0.9599 TP 0.9483

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

05:00 Japan Leading indicators composite index November final - 97.2
05:00 Japan Coincident indicators composite index November final - 100.7
07:00 Germany PPI December 0.5% 0.2%
07:00 Germany PPI December Y/Y 5.1% 4.4%
11:00 UK CBI industrial order books balance January -1% -3%
11:00 UK CBI industrial output balance January - 13%
13:30 USA Jobless claims week to 15.01 425K 445K
15:00 USA Existing home sales December, mln 4.90 4.68
15:00 USA Leading indicators December 0.6% 1.1%
15:00 USA Philadelphia Fed index January 22.0 24.3
21:30 USA M2 money supply 10.01, bln - -23.1

*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 +94, total yesterday +135 pips, as shown at our web site.

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