Majors Daily Forecast 4 July 2012

EUR/USD
Trading range: 1.2575 - 1.2675
Trend: Upward
Buy at 1.2585 SL 1.2553 TP 1.2662

USD/JPY
Trading range: 79.95 - 79.05
Trend: Downward
Sell at 79.83 SL 80.15 TP 79.11

GBP/USD
Trading range: 1.5655 - 1.5765
Trend: Upward
Buy at 1.5667 SL 1.5635 TP 1.5755

USD/CHF
Trading range: 0.9555 - 0.9450
Trend: Downward
Sell at 0.9544 SL 0.9576 TP 0.9460

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

07:45 Italy PMI services June 42.5 42.8
07:50 France PMI services June 47.3 45.1
07:55 Germany PMI services June seasonally adjusted 50.3 51.8
08:00 EU17 PMI services June 46.8 46.7
08:30 UK CIPS services index June 52.7 53.3
09:00 EU17 Retail sales May adjusted 0.3% -1.0%
09:00 EU17 Retail sales May adjusted Y/Y -1.4% -2.5%
09:00 EU17 GDP Q1 final 0.0%
09:00 EU17 GDP Q1 final Y/Y -0.1% -0.1%
USA Independence Day

*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 +40, total yesterday +55 pips, as shown at our web site.