Majors Daily Forecast 5 February 2010

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EUR/USD
Trading range: 1.3610 - 1.3710
Trend: Upward
Buy at 1.3623 SL 1.3591 TP 1.3700

USD/JPY
Trading range: 89.10 - 90.10
Trend: Upward
Buy at 89.24 SL 88.92 TP 89.96

GBP/USD
Trading range: 1.5525 - 1.5635
Trend: Upward
Buy at 1.5537 SL 1.5505 TP 1.5625

USD/CHF
Trading range: 1.0780 - 1.0675
Trend: Downward
Sell at 1.0766 SL 1.0798 TP 1.0682

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

00:00 EU EU Parliament Plenary session 8th-11th
05:00 JP Economy Watchers Survey Jan index 35.4
08:15 CH Retail Sales Dec %y/y 0.6
08:30 DK Trade Balance Dec DKK bn 6.3
08:30 NL Industrial Production Dec % m/m 0.4
08:30 NL Industrial Production Dec % y/y -2
09:00 IS Trade Balance (P) Jan ISKbn 7.035
09:30 EU Sentix Index Feb index -2.7 -3.7
13:15 CA Housing starts Jan k 179 174.5

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