Daily Forecast 20 October 2009

[forexnewsdaily]

EUR/USD


Trading range: 1.4955 - 1.5055
Trend: Upward
Buy at 1.4966 SL 1.4934 TP 1.5043


USD/JPY


Trading range: 90.45 - 89.50
Trend: Downward
Sell at 90.32 87 90.64 TP 89.60


GBP/USD


Trading range: 1.6375 - 1.6490
Trend: Upward
Buy at 1.6389 SL 1.6357 82 1.6477


USD/CHF


Trading range: 1.0120 - 1.0020
Trend: Downward
Sell at 1.0110 SL 1.0142 TP 1.0026


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

05:00 Jap Leading ind composite index Aug final - 83.3
05:00 Jap Coincident ind composite index Aug final - 91.4
06:00 Ger PPI Sep -0.1% 0.5%
06:00 Ger PPI Sep Y/Y -7.1% -6.9%
08:30 UK M4 money supply Sep provisional - 0.1%
08:30 UK M4 money supply Sep provisional Y/Y - 12.5%
08:30 UK PSNCR Sep, bln 20.5 10.4
12:30 USA PPI Sep -0.3% 1.7%
12:30 USA PPI Sep Y/Y - -4.3%
12:30 USA PPI excluding food and energy Sep 0.1% 0.2%
12:30 USA PPI excluding food and energy Sep Y/Y - 2.3%
12:30 USA Housing starts Sep, mln 0.607 0.598
12:30 USA Building permits Sep, mln 0.590 0.579
12:55 USA Redbook 10.10
13:00 Can BOC meeting announcement 0.25% 0.25%