Majors Daily Forecast 1 September 2011

EUR/USD
Trading range: 1.4390 - 1.4290
Trend: Downward
Sell at 1.4377 SL 1.4409 TP 1.4300

USD/JPY
Trading range: 77.10 - 76.20
Trend: Downward
Sell at 76.99 SL 77.31 TP 76.27

GBP/USD
Trading range: 1.6255 - 1.6145
Trend: Downward
Sell at 1.6245 SL 1.6277 TP 1.6157

USD/CHF
Trading range: 0.8080 - 0.7975
Trend: Downward
Sell at 0.8069 SL 0.8101 TP 0.7985

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

06:00 Germany GDP Q2 revised 0.1% 1.5%
06:00 Germany GDP Q2 revised Y/Y 2.7% 4.9%
06:00 UK Nationwide house price index August - 0.2%
06:00 UK Nationwide house price index August Y/Y - -0.4%
07:45 Italy PMI August - 50.1
07:50 France PMI August 49.3 50.5
07:55 Germany PMI August seasonally adjusted 52.0 52.0
08:00 EU17 PMI August 49.7 50.4
08:30 UK CIPS manufacturing index August 48.8 49.1
12:30 USA Jobless claims week to 27.08 407K 417K
12:30 USA Productivity Q2 revised -0.5% 1.8%
12:30 USA Unit labour cost Q2 revised 2.4% 0.7%
14:00 USA ISM Mfg PMI August 48.0 50.9
14:00 USA Construction spending July 0.0% 0.2%
20:30 USA M2 money supply 22.08, bln -

*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 +79, total yesterday +114 pips, as shown at our web site.