Majors Daily Forecast 7 February 2011

By @ibtimes on

EUR/USD
Trading range: 1.3635 - 1.3535
Trend: Downward
Sell at 1.3625 SL 1.3657 TP 1.3548

USD/JPY
Trading range: 82.05 - 83.05
Trend: Upward
Buy at 82.19 SL 81.87 TP 82.91

GBP/USD
Trading range: 1.6120 - 1.6230
Trend: Upward
Buy at 1.6130 SL 1.6098 TP 1.6218

USD/CHF
Trading range: 0.9520 - 0.9630
Trend: Upward
Buy at 0.9534 SL 0.9502 TP 0.9618

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

05:00 Japan Leading indicators composite index December preliminary 101.4 100.6
05:00 Japan Coincident indicators composite index December preliminary - 102.4
11:00 Germany Manufacturing orders December seasonally adj -1.9% 5.2%
11:00 Germany Manufacturing orders December not seasonally adj, workday adj Y/Y 22.2% 20.6%
20:00 USA Consumer credit December, bln 2.0 1.3
23:50 Japan Current account December unadj, trln 1.070 0.926
23:50 Japan Trade balance December unadj, trln - 0.260
23:50 Japan M2+CDs money supply January Y/Y 2.3% 2.3%

*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 +126, total on Friday +73 pips, as shown at our web site.

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