Majors Daily Forecast 26 April 2012

Trading range: 1.3205 - 1.3305

Trend: Upward

Buy at 1.3217 SL 1.3185 TP 1.3294

USD/JPY

Trading range: 81.45 - 80.50

Trend: Downward

Sell at 81.31 SL 81.63 TP 80.59

GBP/USD

Trading range: 1.6145 - 1.6260

Trend: Upward

Buy at 1.6159 SL 1.6127 TP 1.6247

USD/CHF

Trading range: 0.9105 - 0.9000

Trend: Downward

Sell at 0.9091 SL 0.9123 TP 0.9007

Today's Economic Calendar:

Time GMT, Country, Indicator, Forecast, Prior

04:30 Japan All industry index February -0.2% -1.0%

06:00 UK Nationwide house price index April 0.5% -1.0%

06:00 UK Nationwide house price index April Y/Y -0.3% -0.9%

08:00 Italy Business confidence April 91.5 92.1

09:00 EU17 Economic sentiment index April 94.2 94.4

09:00 EU17 Business climate indicator April -0.32 -0.30

10:00 UK CBI retail sales volume balance April -5% 0%

12:00 Germany CPI April preliminary 0.2% 0.3%

12:00 Germany CPI April preliminary Y/Y 2.1% 2.1%

12:00 Germany HICP April preliminary Y/Y 2.2% 2.3%

12:30 USA Jobless claims week to 21.04 380K 386K

20:30 USA M2 money supply 16.04, bln - +8.0

23:01 UK Gfk consumer confidence April -30 -31

23:01 UK Nationwide consumer confidence April 43 44

23:30 Japan Nationwide CPI March adjusted - 0.2%

23:30 Japan Nationwide CPI March Y/Y - 0.3%

23:30 Japan Nationwide CPI ex fresh food March Y/Y 0.1% 0.1%

23:30 Japan Tokyo-area CPI April adjusted - 0.4%

23:30 Japan Tokyo-area CPI April Y/Y - -0.1%

23:30 Japan Tokyo-area CPI ex fresh food April Y/Y -0.3% -0.3%

23:30 Japan Unemployment March 4.5% 4.5%

23:30 Japan Household spending March real Y/Y 4.0% 2.3%

23:50 Japan Industrial output March preliminary 2.3% -1.6%

23:50 Japan Industrial output March preliminary Y/Y 15.5% 1.5%

23:50 Japan Retail sales March Y/Y 10.0% 3.5%

*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 +55, total yesterday +107 pips, as shown at our web site.