Majors Daily Forecast 19 June 2012

EUR/USD
Trading range: 1.2630 - 1.2525
Trend: Downward
Sell at 1.2616 SL 1.2648 TP 1.2539

USD/JPY
Trading range: 79.10 - 78.20
Trend: Downward
Sell at 79.00 SL 79.32 TP 78.28

GBP/USD
Trading range: 1.5700 - 1.5590
Trend: Downward
Sell at 1.5690 SL 1.5722 TP 1.5602

USD/CHF
Trading range: 0.9510 - 0.9615
Trend: Upward
Buy at 0.9520 SL 0.9488 TP 0.9604

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

05:00 Japan Leading indicators composite index April final - 95.1
05:00 Japan Coincident indicators composite index April final - 96.5
06:45 France Business confidence June 92 93
08:30 UK HICP May 0.2% 0.6%
08:30 UK HICP May Y/Y 3.0% 3.0%
08:30 UK HICP ex EFAT May Y/Y - 2.1%
08:30 UK Retail prices May - 0.7%
08:30 UK Retail prices May Y/Y - 3.5%
08:30 UK RPI-X May Y/Y - 3.5%
09:00 Germany ZEW economic expectations index June 2.8 10.8
12:30 USA Housing starts May, mln 0.720 0.717
12:30 USA Building permits May, mln 0.736 0.715
12:55 USA Redbook 16.06
23:00 UK Nationwide consumer confidence May 45 44
23:50 Japan BoJ MPB Minutes
23:50 Japan Trade balance May unadjusted, trln -0.544 -0.520

*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 +54, total yesterday +102 pips, as shown at our web site.