Majors Daily Forecast 31 January 2012

Trading range: 1.3150 - 1.3250

Trend: Upward

Buy at 1.3160 SL 1.3128 TP 1.3237

USD/JPY

Trading range: 76.45 - 75.55

Trend: Downward

Sell at 76.34 SL 76.66 TP 75.62

GBP/USD

Trading range: 1.5715 - 1.5825

Trend: Upward

Buy at 1.5725 SL 1.5693 TP 1.5813

USD/CHF

Trading range: 0.9170 - 0.9065

Trend: Downward

Sell at 0.9159 SL 0.9191 TP 0.9075

Today's Economic Calendar:

Time GMT, Country, Indicator, Forecast, Prior

00:01 UK Gfk consumer confidence January - -33

05:00 Japan Housing starts December Y/Y - -0.3%

05:00 Japan Construction orders December Y/Y - 21.0%

07:45 France PPI December - 0.4%

07:45 France PPI December Y/Y - 5.6%

07:45 France Consumer spending December - -0.1%

07:45 France Consumer spending December Y/Y - -2.1%

08:55 Germany Unemployment January seasonally adjusted - -22K

08:55 Germany Unemployment January seasonally adjusted, mln - 2.880

08:55 Germany Unemployment rate January seasonally adjusted - 6.8%

08:55 Germany Unemployment January seasonally unadjusted, mln - 2.780

08:55 Germany Unemployment rate January seasonally unadjusted - 6.6%

09:00 Italy PPI December - 0.2%

09:00 Italy PPI December Y/Y - 4.5%

09:30 UK M4 money supply December final - -0.6%

09:30 UK M4 money supply December final Y/Y - -2.6%

09:30 UK Consumer credit December, bln - 0.4

10:00 EU17 Unemployment December - 10.3%

13:30 USA Employment cost index Q4 - 0.3%

13:55 USA Redbook 28.01

14:45 USA Chicago PMI January 60.5 62.5

15:00 USA Consumer confidence January 66.5 64.5

*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 +86, total yesterday +150 pips, as shown at our web site.