Majors Daily Forecast 10 July 2012

EUR/USD
Trading range: 1.2320 - 1.2220
Trend: Downward
Sell at 1.2308 SL 1.2340 TP 1.2231

USD/JPY
Trading range: 79.65 - 78.75
Trend: Downward
Sell at 79.54 SL 79.86 TP 78.82

GBP/USD
Trading range: 1.5535 - 1.5420
Trend: Downward
Sell at 1.5521 SL 1.5553 TP 1.5433

USD/CHF
Trading range: 0.9745 - 0.9855
Trend: Upward
Buy at 0.9758 SL 0.9726 TP 0.9842

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

06:45 France Industrial production May -0.8% 1.5%
06:45 France Industrial production May Y/Y - -1.6%
08:00 Italy Industrial production May adjusted -0.4% -1.9%
08:00 Italy Industrial production May Y/Y adjusted - -9.2%
08:30 UK Industrial production May -0.4% 0.0%
08:30 UK Industrial production May Y/Y 0.1% -0.7%
08:30 UK Manufacturing output May -0.2% -0.7%
08:30 UK Manufacturing output May Y/Y -1.8% -0.3%
12:55 USA Redbook 07.07
23:50 Japan Corporate goods price index June domestic -1.0% -0.4%
23:50 Japan Corporate goods price index June domestic Y/Y - -0.5%
23:50 Japan Tertiary activity index June 0.8% 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 +24, total yesterday +67 pips, as shown at our web site.