Majors Daily Forecast 8 July 2010

By @ibtimes on

EUR/USDTrading range: 1.2635 - 1.2735Trend: UpwardBuy at 1.2646 SL 1.2614 TP 1.2723

USD/JPYTrading range: 88.10 - 89.05Trend: UpwardBuy at 88.20 SL 87.88 TP 88.92

GBP/USDTrading range: 1.5165 - 1.5275Trend: UpwardBuy at 1.5177 SL 1.5145 TP 1.5265

USD/CHFTrading range: 1.0545 - 1.0440Trend: DownwardSell at 1.0532 SL 1.0564 TP 1.0448

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

06:00 Germany Current account May unadj, bln - 11.806:00 Germany Trade balance May unadj, bln 13.8 13.408:30 UK Ind production May - -0.4%08:30 UK Ind production May Y/Y - 2.1%08:30 UK Mfgng output May - -0.4%08:30 UK Mfgng output May Y/Y - 3.4%10:00 Germany Ind prod May seasonally adj 1.0% 0.9%10:00 Germany Ind prod May not seasonally adj, workday adj Y/Y 9.2% 13.3%11:00 UK BoE meeting announcement 0.50% 0.50%11:45 EU 16 ECB meeting announcement 1.00% 1.00%12:30 EU 16 ECB press conference12:30 USA Jobless claims week to 03.07 460K 472K19:00 USA Consumer credit May, bln -2.0 1.020:30 USA M2 money supply 28.06, bln - +23.6

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