Majors Daily Forecast 31 May 2010

By IBTimes Staff Reporter | May 31 2010 2:24 AM

EUR/USDTrading range: 1.2290 - 1.2390Trend: UpwardBuy at 1.2301 SL 1.2269 TP 1.2378

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USD/JPYTrading range: 91.25 - 92.20Trend: UpwardBuy at 91.37 SL 91.05 TP 92.09

GBP/USDTrading range: 1.4435 - 1.4545Trend: UpwardBuy at 1.4445 SL 1.4413 TP 1.4533

USD/CHFTrading range: 1.1575 - 1.1475Trend: DownwardSell at 1.1565 SL 1.1597 TP 1.1481

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

05:00 Japan Housing starts April Y/Y 6.6% -2.4%05:00 Japan Construction orders April Y/Y - 42.3%06:00 UK Nationwide house price index May 0.6% 1.0%06:00 UK Nationwide house price index May Y/Y 9.8% 10.5%08:00 EU 16 M3 money supply April adj Y/Y -0.2% -0.1%08:00 EU 16 M3 money supply 3 months to April adj Y/Y -0.3% -0.1%09:00 Italy CPI May preliminary 0.3% 0.4%09:00 Italy CPI May preliminary Y/Y 1.6% 1.5%09:00 Italy HICP May preliminary Y/Y 1.7% 1.6%09:00 EU 16 Economic sentiment index May 101.0 100.609:00 EU 16 Business climate indicator May 0.25 0.2309:00 EU 16 Harmonized CPI May Y/Y preliminary 1.6% 1.5%UK Spring Bank HolidayUSA Memorial Day

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