Majors Daily Forecast 20 May 2011

By @ibtimes on

EUR/USD
Trading range: 1.4340 - 1.4240
Trend: Downward
Sell at 1.4330 SL 1.4362 TP 1.4253

USD/JPY
Trading range: 81.50 - 82.45
Trend: Upward
Buy at 81.63 SL 81.31 TP 82.35

GBP/USD
Trading range: 1.6255 - 1.6140
Trend: Downward
Sell at 1.6241 SL 1.6273 TP 1.6153

USD/CHF
Trading range: 0.8795 - 0.8900
Trend: Upward
Buy at 0.8805 SL 0.8773 TP 0.8889

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

03:30 Japan BoJ meeting announcement 0.00-0.10% 0.00-0.10%
06:00 Germany PPI April - 0.4%
06:00 Germany PPI April Y/Y - 6.2%
08:00 EU17 Current account March unadjusted, bln - -9.5
08:00 EU17 Current account March adjusted, bln - -7.2
11:00 Canada CPI April - 1.1%
11:00 Canada CPI April Y/Y - 3.3%
11:00 Canada CPI core April 0.2% 0.7%
11:00 Canada CPI core April Y/Y 1.6% 1.7%
12:30 Canada Retail sales March 0.6% 0.4%
12:30 Canada Retail sales excluding auto March - 0.7%

*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 +52, total yesterday +49 pips, as shown at our web site.

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