Daily Forecast 1 July 2010

EUR/USD
Trading range: 1.2245 - 1.2145
Trend: Downward
Sell at 1.2233 SL 1.2265 TP 1.2156

USD/JPY
Trading range: 88.55 - 87.60
Trend: Downward
Sell at 88.42 91 88.74 TP 87.70

GBP/USD
Trading range: 1.4965 - 1.4850
Trend: Downward
Sell at 1.4952 SL 1.4984 TP 1.4864

USD/CHF
Trading range: 1.0775 - 1.0670
Trend: Downward
Sell at 1.0764 SL 1.0796 TP 1.0680

Today's Economic Calendar:
Time GMT, Country, Indicator, Forecast, Prior

06:00 Germany Retail sales June real adjusted 0.5% 1.0%
06:00 Germany Retail sales June real unadjusted Y/Y - -3.1%
06:45 France PPI May 0.3% 1.0%
06:45 France PPI May Y/Y 4.3% 4.0%
07:45 Italy PMI June 53.9 54.0
07:50 France PMI June 54.9 55.8
07:55 Germany PMI June seasonally adjusted 58.1 58.4
08:00 EU 16 PMI June 55.6 55.8
08:30 UK CIPS manufacturing index June 57.8 58.0
12:30 USA Jobless claims week to 26.06 460K 457K
14:00 USA ISM Mfg business index June 58.5 59.7
14:00 USA Construction spending May -0.7% 2.7%
20:30 USA M2 money supply 21.06, bln - -37.5

Source : http://www.nikhora.com/