Majors Daily Forecast 31 January 2011

By @ibtimes on

EUR/USD
Trading range: 1.3580 - 1.3680
Trend: Upward
Buy at 1.3593 SL 1.3561 TP 1.3670

USD/JPY
Trading range: 82.25 - 81.35
Trend: Downward
Sell at 82.13 SL 82.45 TP 81.41

GBP/USD
Trading range: 1.5845 - 1.5955
Trend: Upward
Buy at 1.5856 SL 1.5824 TP 1.5944

USD/CHF
Trading range: 0.9435 - 0.9335
Trend: Downward
Sell at 0.9425 SL 0.9457 TP 0.9341

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

05:00 Japan Housing starts December Y/Y - 6.8%
05:00 Japan Construction orders December Y/Y - -5.3%
07:00 Germany Retail sales December real adjusted - -2.4%
07:00 Germany Retail sales December real unadjusted Y/Y - 2.0%
10:00 Italy PPI December 0.6% 0.4%
10:00 Italy PPI December Y/Y 4.4% 4.0%
10:00 EU17 Harmonized CPI January Y/Y preliminary 2.5% 2.2%
13:30 USA Personal income December 0.4% 0.3%
13:30 USA Personal spending December 0.5% 0.4%
13:30 USA PCE price index ex food, energy December 0.1% 0.1%
13:30 USA PCE price index ex food, energy December Y/Y - 0.8%
14:45 USA Chicago PMI January 65.0 66.8 68.6

*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 +92, total on Friday +68 pips, as shown at our web site.

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