Majors Daily Forecast 8 March 2011

By @ibtimes on

EUR/USD
Trading range: 1.4000 - 1.3900
Trend: Downward
Sell at 1.3988 SL 1.4020 TP 1.3911

USD/JPY
Trading range: 82.10 - 83.05
Trend: Upward
Buy at 82.21 SL 81.89 TP 82.93

GBP/USD
Trading range: 1.6220 - 1.6110
Trend: Downward
Sell at 1.6208 SL 1.6240 TP 1.6120

USD/CHF
Trading range: 0.9255 - 0.9360
Trend: Upward
Buy at 0.9265 SL 0.9233 TP 0.9349

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

11:00 Germany Manufacturing orders January seasonally adjusted 2.3% -3.4%
11:00 Germany Manufacturing orders January not seasonally adj, workday adj Y/Y 15.6% 19.7%
13:55 USA Redbook 05.03
23:50 Japan Machinery orders core January adjusted 3.0% 1.7%
23:50 Japan Machinery orders core January unadjusted Y/Y 5.1% -1.6%

*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 +14, total yesterday +117 pips, as shown at our web site.

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