Daily Forecast Tuesday, 11 December 2012

EUR/USD
Trading range: 1.2920 - 1.3020
Trend: Upward
Buy at 1.2930 SL 1.2898 TP 1.3007

USD/JPY
Trading range: 82.50 - 81.60
Trend: Downward
Sell at 82.38 SL 82.70 TP 81.66

GBP/USD
Trading range: 1.6060 - 1.6170
Trend: Upward
Buy at 1.6072 SL 1.6040 TP 1.6160

USD/CHF
Trading range: 0.9355 - 0.9250
Trend: Downward
Sell at 0.9344 SL 0.9376 TP 0.9260


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

07:00 Germany Wholesale prices November 0.2% -0.6%
07:00 Germany Wholesale prices November Y/Y - 4.6%
10:00 Germany ZEW economic expectations index December -12.5 -15.7
13:30 USA International trade October, bln -42.9 -41.5
13:55 USA Redbook 08.12
15:00 USA Wholesale inventories October 0.4% 1.1%
23:50 Japan Machinery orders core October adjusted 2.8% -4.3%
23:50 Japan Machinery orders core October unadjusted Y/Y -4.3% -7.8%
23:50 Japan Corporate goods price index November domestic - -0.3%
23:50 Japan Corporate goods price index November domestic Y/Y -0.9% -1.0%
23:50 Japan Tertiary activity index November -0.4% 0.3%