Majors Daily Forecast 7 February 2012

EUR/USD
Trading range: 1.3075 - 1.3180
Trend: Upward
Buy at 1.3089 SL 1.3057 TP 1.3166

USD/JPY
Trading range: 76.85 - 75.95
Trend: Downward
Sell at 76.74 SL 77.06 TP 76.02

GBP/USD
Trading range: 1.5780 - 1.5895
Trend: Upward
Buy at 1.5793 SL 1.5761 TP 1.5881

USD/CHF
Trading range: 0.9225 - 0.9125
Trend: Downward
Sell at 0.9215 SL 0.9247 TP 0.9131

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

04:30 Australia RBA meeting announcement 4.00% 4.25%
05:00 Japan Leading indicators composite index December preliminary 93.8 93.2
05:00 Japan Coincident indicators composite index December preliminary - 90.3
11:00 Germany Industrial production December seasonally adjusted 0.0% -0.6%
11:00 Germany Industrial production December not seasonally adjusted, workday adjusted Y/Y 4.1%

3.6%
13:55 USA Redbook 04.02
20:00 USA Consumer credit December, bln +7.0 +20.4
23:50 Japan Current account December unadjusted, trln 0.340 0.139
23:50 Japan Trade balance December unadjusted, trln - -0.585

*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 +70, total yesterday +99 pips, as shown at our web site.