Majors Daily Forecast 2 February 2012

Trading range: 1.3205 - 1.3100

Trend: Downward

Sell at 1.3191 SL 1.3223 TP 1.3114

USD/JPY

Trading range: 76.30 - 75.35

Trend: Downward

Sell at 76.16 SL 76.48 TP 75.44

GBP/USD

Trading range: 1.5870 - 1.5755

Trend: Downward

Sell at 1.5857 SL 1.5889 TP 1.5769

USD/CHF

Trading range: 0.9130 - 0.9240

Trend: Upward

Buy at 0.9143 SL 0.9111 TP 0.9227

Today's Economic Calendar:

Time GMT, Country, Indicator, Forecast, Prior

10:00 EU17 PPI December - 0.2%

10:00 EU17 PPI December Y/Y - 5.3%

13:30 USA Jobless claims week to 28.01 380K 377K

13:30 USA Productivity Q4 preliminary 1.5% 2.3%

13:30 USA Unit labour cost Q4 preliminary -1.2% -2.5%

21:30 USA M2 money supply 23.01, bln - +8.1

*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 +57, total yesterday +135 pips, as shown at our web site.