Majors Daily Forecast 5 July 2012

EUR/USD
Trading range: 1.2545 - 1.2445
Trend: Downward
Sell at 1.2533 SL 1.2565 TP 1.2456

USD/JPY
Trading range: 80.10 - 79.20
Trend: Downward
Sell at 79.98 SL 80.30 TP 79.26

GBP/USD
Trading range: 1.5635 - 1.5520
Trend: Downward
Sell at 1.5621 SL 1.5653 TP 1.5533

USD/CHF
Trading range: 0.9570 - 0.9680
Trend: Upward
Buy at 0.9584 SL 0.9552 TP 0.9668

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

07:00 UK Halifax house price index May -0.2% 0.5%
07:00 UK Halifax house price index May 3m Y/Y -0.8% -0.1%
10:00 Germany Manufacturing orders May seasonally adjusted 0.2% -1.9%
10:00 Germany Manufacturing orders May not seasonally adjusted, workday adjusted Y/Y -5.6% -3.8%
11:00 UK BoE meeting announcement 0.5% 0.5%
11:00 UK BoE QE, bln 375 325
11:45 EU17 ECB meeting announcement 0.75% 1.0%
12:15 USA ADP employment June +93K +133K
12:30 EU17 ECB press conference
12:30 USA Jobless claims week to 30.06 386K 386K
14:00 USA ISM Non-mfg PMI June 53.0 53.7
14:00 USA ISM Non-mfg business index June - 55.6
20:30 USA M2 money supply 25.06, bln - -17.1

*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 +49, total yesterday +61 pips, as shown at our web site.