Majors Daily Forecast 17 July 2012

EUR/USD
Trading range: 1.2265 - 1.2365
Trend: Upward
Buy at 1.2277 SL 1.2245 TP 1.2354

USD/JPY
Trading range: 79.10 - 78.15
Trend: Downward
Sell at 78.96 SL 79.28 TP 78.24

GBP/USD
Trading range: 1.5630 - 1.5740
Trend: Upward
Buy at 1.5642 SL 1.5610 TP 1.5730

USD/CHF
Trading range: 0.9795 - 0.9690
Trend: Downward
Sell at 0.9782 SL 0.9814 TP 0.9698

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

08:30 UK HICP June -0.1% -0.1%
08:30 UK HICP June Y/Y 2.6% 2.8%
08:30 UK HICP ex EFAT June Y/Y - 2.2%
08:30 UK Retail prices June - 0.0%
08:30 UK Retail prices June Y/Y - 3.1%
08:30 UK RPI-X June Y/Y - 3.1%
09:00 Germany ZEW economic expectations index July -15.0 -16.9
12:30 USA CPI June 0.0% -0.3%
12:30 USA CPI June Y/Y - 1.7%
12:30 USA CPI excluding food and energy June 0.2% 0.2%
12:30 USA CPI excluding food and energy June Y/Y - 2.3%
12:55 USA Redbook 14.07
13:00 Canada BOC meeting announcement 1.0% 1.0%
13:00 USA TICS net flows May, bln - -20.5
13:00 USA TICS net long-term flows May, bln - 25.6
13:15 USA Industrial production June 0.3% -0.1%
13:15 USA Capacity utilisation June 79.2 79.0
14:00 Ben Bernanke Speaks
23:50 Japan BoJ MPB Minutes

*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 +13, total yesterday +178 pips, as shown at our web site.