Majors Daily Forecast 24 August 2011

By @ibtimes on

EUR/USD
Trading range: 1.4375 - 1.4475
Trend: Upward
Buy at 1.4387 SL 1.4355 TP 1.4464

USD/JPY
Trading range: 76.85 - 75.90
Trend: Downward
Sell at 76.72 SL 77.04 TP 76.00

GBP/USD
Trading range: 1.6465 - 1.6575
Trend: Upward
Buy at 1.6477 SL 1.6445 TP 1.6565

USD/CHF
Trading range: 0.7955 - 0.7850
Trend: Downward
Sell at 0.7943 SL 0.7975 TP 0.7859

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

08:00 Germany IFO business climate index August 111.0 112.9
09:00 EU17 Industrial orders June 0.5% 3.6%
09:00 EU17 Industrial orders June Y/Y 11.9% 15.5%
12:30 USA Durable goods orders July 2.0% -2.1%
12:30 USA Durable goods orders excluding transportation July - 0.1%
12:30 USA Durable goods orders excluding defence July - -1.8%
23:00 UK Nationwide consumer confidence July 45 51

*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 +70, total yesterday +160 pips, as shown at our web site.

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