Majors Daily Forecast 6 May 2011

By @ibtimes on

EUR/USD
Trading range: 1.4525 - 1.4625
Trend: Upward
Buy at 1.4535 SL 1.4503 TP 1.4612

USD/JPY
Trading range: 80.25 - 81.20
Trend: Upward
Buy at 80.37 SL 80.05 TP 81.09

GBP/USD
Trading range: 1.6425 - 1.6310
Trend: Downward
Sell at 1.6412 SL 1.6444 TP 1.6324

USD/CHF
Trading range: 0.8725 - 0.8620
Trend: Downward
Sell at 0.8712 SL 0.8744 TP 0.8628

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

08:30 UK PPI Output April unadj 0.8% 0.9%
08:30 UK PPI Output April unadj Y/Y 5.2% 5.4%
08:30 UK PPI Output ex FDT April adj - 0.4%
08:30 UK PPI Output ex FDT April unadj Y/Y - 3.0%
08:30 UK PPI Input April adj 1.0% 3.7%
08:30 UK PPI Input April unadj Y/Y 15.6% 14.6%
10:00 Germany Industrial production March seasonally adj 0.5% 1.6%
10:00 Germany Industrial production March not seasonally adj, workday adj Y/Y 10.6% 14.8%
11:00 Canada Employment April - -1.5
11:00 Canada Unemployment rate April - 7.7%
12:30 USA Nonfarm payrolls April 198K +216K
12:30 USA Unemployment rate April 8.8% 8.8%
12:30 USA Average hourly earnings April - 0.0%
12:30 USA Average workweek April - 34.3
19:00 USA Consumer credit March, bln 5.0 7.6

*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 +50, total yesterday +135 pips, as shown at our web site.

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