Majors Daily Forecast 9 August 2012

Trading range: 1.2395 - 1.2295

Trend: Downward

Sell at 1.2384 SL 1.2416 TP 1.2307

USD/JPY

Trading range: 78.65 - 77.75

Trend: Downward

Sell at 78.54 SL 78.86 TP 77.82

GBP/USD

Trading range: 1.5695 - 1.5585

Trend: Downward

Sell at 1.5684 SL 1.5716 TP 1.5596

USD/CHF

Trading range: 0.9690 - 0.9795

Trend: Upward

Buy at 0.9700 SL 0.9668 TP 0.9784

Today's Economic Calendar:

Time GMT, Country, Indicator, Forecast, Prior

04:30 Japan BoJ meeting announcement 0.00-0.10% 0.00-0.10%

06:00 Germany Wholesale prices July -0.7% -1.1%

06:00 Germany Wholesale prices July Y/Y 1.0% 1.1%

08:30 UK Trade in goods June, bln -9.0 -8.4

08:30 UK Non-EU trade June, bln -4.1 -3.9

12:30 USA Jobless claims 367K 365K

12:30 USA International trade June, bln -47.5 -48.7

12:30 USA Export June, bln - 183.1

12:30 USA Import June, bln - 231.8

14:00 USA Wholesale inventories June 0.3% 0.3%

20:30 USA M2 money supply 30.07, bln - -5.5

23:50 Japan Corporate goods price index July domestic 0.0% -0.6%

23:50 Japan Corporate goods price index July domestic Y/Y -1.6% -1.3%

*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 +52, total yesterday +83 pips, as shown at our web site.