Majors Daily Forecast 1 May 2012

Trading range: 1.3225 - 1.3325

Trend: Upward

Buy at 1.3237 SL 1.3205 TP 1.3314

USD/JPY

Trading range: 80.00 - 79.05

Trend: Downward

Sell at 79.87 SL 80.19 TP 79.15

GBP/USD

Trading range: 1.6245 - 1.6135

Trend: Downward

Sell at 1.6233 SL 1.6265 TP 1.6145

USD/CHF

Trading range: 0.9085 - 0.8980

Trend: Downward

Sell at 0.9074 SL 0.9106 TP 0.8990

Today's Economic Calendar:

Time GMT, Country, Indicator, Forecast, Prior

04:30 Australia RBA meeting announcement 4.00% 4.25%

Switzerland Labour Day

08:30 UK CIPS manufacturing index April 51.0 52.1

EU17 Labour Day

12:55 USA Redbook 28.04

14:00 USA ISM Mfg PMI April 52.8 53.4

14:00 USA Construction spending March 0.6% -1.1%

*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 +69, total yesterday +66 pips, as shown at our web site.