Majors Daily Forecast 14 June 2012

EUR/USD
Trading range: 1.2600 - 1.2495
Trend: Downward
Sell at 1.2586 SL 1.2618 TP 1.2509

USD/JPY
Trading range: 79.60 - 78.65
Trend: Downward
Sell at 79.47 SL 79.79 TP 78.75

GBP/USD
Trading range: 1.5540 - 1.5430
Trend: Downward
Sell at 1.5529 SL 1.5561 TP 1.5441

USD/CHF
Trading range: 0.9535 - 0.9640
Trend: Upward
Buy at 0.9545 SL 0.9513 TP 0.9629

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

04:30 Japan Industrial output April final 0.2% 0.2%
04:30 Japan Industrial output April final Y/Y 13.4% 13.4%
06:00 Germany Wholesale prices May 0.5% 0.5%
06:00 Germany Wholesale prices May Y/Y - 2.4%
08:30 Swiss SNB press-conference 0.00-0.25% 0.00-0.25%
09:00 EU17 Harmonized CPI May final -0.2% 0.5%
09:00 EU17 Harmonized CPI May final Y/Y 2.4% 2.6%
09:00 EU17 Harmonized CPI ex EFAT May Y/Y 1.6% 1.6%
12:30 USA Jobless claims week to 09.06 375K 377K
12:30 USA CPI May -0.2% 0.0%
12:30 USA CPI May Y/Y - 2.3%
12:30 USA CPI excluding food and energy May 0.1% 0.2%
12:30 USA CPI excluding food and energy May Y/Y - 2.3%
12:30 USA Current account Q1, bln -132.3 -124.1
20:30 USA M2 money supply 04.06, bln - -2.8

*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 +77, total yesterday +73 pips, as shown at our web site.