Majors Daily Forecast 24 February 2011

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February 24, 2011 7:11 PM EST

iFOREX

EUR/USD
Trading range: 1.3795 - 1.3695
Trend: Downward
Sell at 1.3782 SL 1.3814 TP 1.3705

USD/JPY
Trading range: 82.30 - 81.35
Trend: Downward
Sell at 82.17 SL 82.49 TP 81.45

GBP/USD
Trading range: 1.6255 - 1.6140
Trend: Downward
Sell at 1.6242 SL 1.6274 TP 1.6154

USD/CHF
Trading range: 0.9265 - 0.9370
Trend: Upward
Buy at 0.9275 SL 0.9243 TP 0.9359

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

07:00 Germany GDP Q4 preliminary 0.4% 0.7%
07:00 Germany GDP Q4 preliminary Y/Y 4.0% 3.9%
09:00 Italy Retail sales December adjusted - -0.3%
09:00 Italy Retail sales December Y/Y unadjusted - 1.0%
10:00 Italy Consumer confidence February - 105.9
10:00 Italy Business confidence February 103.8 103.6
10:00 EU17 Economic sentiment index February 106.7 106.5
10:00 EU17 Business climate indicator February - 1.58
11:00 UK CBI retail sales volume balance February 31% 37%
13:30 USA Jobless claims week to 19.02 409K 410K
13:30 USA Durable goods orders January 3.2% -2.3%
13:30 USA Durable goods orders excluding transportation January 0.4% 0.5%
13:30 USA Durable goods orders excluding defence January - -2.5%
15:00 USA New home sales January 315K 329K
21:30 USA M2 money supply 14.02, bln - +5.6
23:30 Japan Nationwide CPI January - -0.3%
23:30 Japan Nationwide CPI January Y/Y - 0.0%
23:30 Japan Nationwide CPI ex fresh food January Y/Y -0.3% -0.4%
23:30 Japan Tokyo-area CPI February - -0.5%
23:30 Japan Tokyo-area CPI February Y/Y - -0.1%
23:30 Japan Tokyo-area CPI ex fresh food February Y/Y -0.3% -0.2%

*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 +78, total yesterday +134 pips, as shown at our web site.

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