Majors Daily Forecast 29 July 2010

USD/JPYTrading range: 87.40 - 86.50Trend: DownwardSell at 87.30 87 87.62 TP 86.58

GBP/USDTrading range: 1.5580 - 1.5690Trend: UpwardBuy at 1.5591 SL 1.5559 TP 1.5679

USD/CHFTrading range: 1.0590 - 1.0485Trend: DownwardSell at 1.0578 SL 1.0610 TP 1.0494

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

06:00 UK Nationwide house price index July - 0.1%06:00 UK Nationwide house price index July Y/Y - 8.7%06:45 France PPI June - 0.0%06:45 France PPI June Y/Y - 4.3%07:30 Italy Business confidence July 95.9 96.107:55 Germany Unempl July seasonally adjusted - -21K07:55 Germany Unempl July seasonally adjusted, mln - 3.23007:55 Germany Unempl rate July seasonally adjusted - 7.7%07:55 Germany Unempl July seasonally unadjusted, mln - 3.15307:55 Germany Unempl rate July seasonally unadjusted - 7.5%08:30 UK M4 money supply June final 0.0% 0.0%08:30 UK M4 money supply June final Y/Y 3.0% 3.0%08:30 UK Consumer credit June, bln 0.1 0.309:00 EU 16 Economic sentiment index July - 98.709:00 EU 16 Business climate indicator July - 0.3712:30 USA Jobless claims week to 24.07 460K 464K18:00 USA Fed Beige book20:30 USA M2 money supply 19.07, bln - +13.923:30 Japan Nationwide CPI June - 0.1%23:30 Japan Nationwide CPI June Y/Y - -0.9%23:30 Japan Nationwide CPI ex fresh food June Y/Y - -1.2%23:30 Japan Tokyo-area CPI July - 0.1%23:30 Japan Tokyo-area CPI July Y/Y - -0.9%23:30 Japan Tokyo-area CPI ex fresh food July Y/Y - -1.3%23:30 Japan Unempl June - 5.2%23:30 Japan Household spending June real Y/Y - -0.7%23:50 Japan Industrial output June preliminary - 0.1%23:50 Japan Industrial output June preliminary Y/Y - 20.4%

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