Majors Daily Forecast 18 July 2012

EUR/USD
Trading range: 1.2305 - 1.2205
Trend: Downward
Sell at 1.2294 SL 1.2326 TP 1.2217

USD/JPY
Trading range: 79.25 - 78.30
Trend: Downward
Sell at 79.11 SL 79.43 TP 78.39

GBP/USD
Trading range: 1.5670 - 1.5560
Trend: Downward
Sell at 1.5658 SL 1.5690 TP 1.5570

USD/CHF
Trading range: 0.9755 - 0.9865
Trend: Upward
Buy at 0.9769 SL 0.9737 TP 0.9853

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

08:30 UK BoE meeting minutes 03-04.07
08:30 UK Claimant count June +10.0K +8.1K
08:30 UK Claimant count rate June 4.9% 4.9%
08:30 UK Average earnings 3 months to May Y/Y 1.9% 1.4%
08:30 UK Average earnings ex bonuses 3 months to May Y/Y - 1.8%
08:30 UK ILO Jobless rate May 8.2% 8.2%
12:30 USA Housing starts June, mln 0.745 0.708
12:30 USA Building permits June, mln 0.775 0.780
18:00 USA Fed Beige book

*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 +63, total yesterday +61 pips, as shown at our web site.