Majors Daily Forecast 30 July 2012

EUR/USD
Trading range: 1.2305 - 1.2205
Trend: Downward
Sell at 1.2295 SL 1.2327 TP 1.2218

USD/JPY
Trading range: 78.55 - 77.60
Trend: Downward
Sell at 78.41 SL 78.73 TP 77.69

GBP/USD
Trading range: 1.5735 - 1.5625
Trend: Downward
Sell at 1.5724 SL 1.5756 TP 1.5636

USD/CHF
Trading range: 0.9755 - 0.9865
Trend: Upward
Buy at 0.9768 SL 0.9736 TP 0.9852

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

08:30 UK M4 money supply June final -1.6% - -0.1%
08:30 UK M4 money supply June final Y/Y - -4.1%
08:30 UK Consumer credit June, bln 0.6 0.5 0.1
09:00 EU17 Economic sentiment index July 88.0 89.9
09:00 EU17 Business climate indicator July -0.99 -0.92
10:00 UK CBI retail sales volume balance July +25% +42%
23:01 UK Gfk consumer confidence July -27 -29
23:30 Japan Household spending June real Y/Y 2.9% 4.0%
23:30 Japan Unemployment June 4.4% 4.4%

*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 +152, total on Friday +134 pips, as shown at our web site.