Majors Daily Forecast 1 February 2012

Trading range: 1.3090 - 1.2990

Trend: Downward

Sell at 1.3077 SL 1.3109 TP 1.3000

USD/JPY

Trading range: 76.35 - 75.45

Trend: Downward

Sell at 76.24 SL 76.56 TP 75.52

GBP/USD

Trading range: 1.5775 - 1.5660

Trend: Downward

Sell at 1.5761 SL 1.5793 TP 1.5673

USD/CHF

Trading range: 0.9200 - 0.9310

Trend: Upward

Buy at 0.9212 SL 0.9180 TP 0.9296

Today's Economic Calendar:

Time GMT, Country, Indicator, Forecast, Prior

07:00 UK Nationwide house price index January - -0.2%

07:00 UK Nationwide house price index January Y/Y - 1.0%

08:45 Italy PMI January - 44.3

08:50 France PMI January 48.5 48.9

08:55 Germany PMI January seasonally adjusted 50.9 48.4

09:00 EU17 PMI January 48.7 46.9

09:30 UK CIPS manufacturing index January - 49.6

10:00 EU17 Harmonized CPI January Y/Y preliminary - 2.7%

13:15 USA ADP employment January +220K +325K

15:00 USA ISM Mfg PMI January 54.5 53.9

15:00 USA Construction spending December 0.4% 1.2%

*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 +61, total yesterday +97 pips, as shown at our web site.