Majors Daily Forecast 21 May 2010

USD/JPYTrading range: 90.45 - 89.55Trend: DownwardSell at 90.35 87 90.67 TP 89.63

GBP/USDTrading range: 1.4375 - 1.4490Trend: UpwardBuy at 1.4388 SL 1.4356 TP 1.4476

USD/CHFTrading range: 1.1570 - 1.1465Trend: DownwardSell at 1.1559 SL 1.1591 TP 1.1475

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

03:30 Jap BoJ meeting announcement 0.10% 0.10%05:00 Jap Leading ind-s composite index Mar final - 102.805:00 Jap Coincident ind-s composite index Mar final - 101.106:00 Ger GDP Q1 preliminary 0.2% 0.0%06:00 Ger GDP Q1 preliminary Y/Y 1.6% -2.4%07:00 Fra PMI May flash 56.9 56.607:00 Fra PMI services May flash 59.0 59.207:30 Ger PMI May flash 61.3 61.507:30 Ger PMI services May flash 55.4 55.208:00 EU 16 PMI May flash 57.0 57.608:00 EU 16 PMI services May flash 55.4 55.608:00 EU 16 Current account Mar adj, bln - -3.908:00 EU 16 Current account Mar unadj, bln - -5.208:00 Ger IFO business climate index May 101.9 101.608:30 UK M4 money supply Mar provisional - 0.2%08:30 UK M4 money supply Mar provisional Y/Y - 3.6%08:30 UK PSNCR Mar, bln 3.5 25.808:30 UK PSNB Mar, bln 10.9 23.511:00 Can CPI Apr 0.3% 0.0%11:00 Can CPI Apr Y/Y 1.8% 1.4%11:00 Can CPI excluding food and energy Apr 0.2% -0.3%11:00 Can CPI excluding food and energy Apr Y/Y 1.8% 0.9%12:30 Can Retail sales Mar - 0.5%12:30 Can Retail sales excluding auto Mar - -0.1%

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