Majors Daily Forecast 4 May 2011

By @ibtimes on

EUR/USD
Trading range: 1.4770 - 1.4870
Trend: Upward
Buy at 1.4781 SL 1.4749 TP 1.4858

USD/JPY
Trading range: 81.10 - 80.20
Trend: Downward
Sell at 80.98 SL 81.30 TP 80.26

GBP/USD
Trading range: 1.6495 - 1.6385
Trend: Downward
Sell at 1.6483 SL 1.6515 TP 1.6395

USD/CHF
Trading range: 0.8655 - 0.8555
Trend: Downward
Sell at 0.8645 SL 0.8677 TP 0.8561

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

Japan Greenery Day
06:00 UK Nationwide house price index April 0.2% 0.5%
06:00 UK Nationwide house price index April Y/Y -0.7% 0.1%
07:45 Italy PMI services April 53.5 53.3
07:50 France PMI services April 63.4 60.4
07:55 Germany PMI services April seasonally adjusted 57.7 60.1
08:00 EU17 PMI services April 56.9 57.2
08:30 UK M4 money supply March final - -0.3%
08:30 UK M4 money supply March final Y/Y - -1.5%
08:30 UK Consumer credit March, bln 0.7 0.8
09:00 EU17 Retail sales March adjusted 0.3% -0.1%
09:00 EU17 Retail sales March adjusted Y/Y - 0.1%
12:15 USA ADP employment April +200K +201K
12:55 USA Redbook 02.04
14:00 USA ISM Non-mfg PMI April 58.0 57.3
14:00 USA ISM Non-mfg business index April - 59.7

*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 +83, total yesterday +137 pips, as shown at our web site.

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