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Majors Daily Forecast: December 7, 2012

Published 12/07/2012, 01:16 AM
Updated 01/01/2017, 02:20 AM
EUR/USD

Trading range: 1.2980 - 1.2880
Trend: Downward
Sell at 1.2970 SL 1.3002 TP 1.2893

USD/JPY

Trading range: 82.60 - 81.70
Trend: Downward
Sell at 82.49 SL 82.81 TP 81.77

GBP/USD

Trading range: 1.6070 - 1.5955
Trend: Downward
Sell at 1.6056 SL 1.6088 TP 1.5968

USD/CHF

Trading range: 0.9310 - 0.9415
Trend: Upward
Buy at 0.9320 SL 0.9288 TP 0.9404

Today's Economic Calendar:

Time GMT, Country, Indicator, Forecast, Prior

05:00 Japan Leading indicators composite index October preliminary - 91.5
05:00 Japan Coincident indicators composite index October preliminary - 91.5
09:30 UK Industrial production October -0.7% -1.7%
09:30 UK Industrial production October Y/Y 0.8% -2.5%
09:30 UK Manufacturing output October -0.2% 0.1%
09:30 UK Manufacturing output October Y/Y -0.2% -1.0%
11:00 Germany Industrial production October seasonally adjusted -0.4% -1.8%
11:00 Germany Industrial production October not seasonally adjusted, workday adjusted Y/Y -1.9% -1.2%
13:30 Canada Employment November +4.5K +1.8K
13:30 Canada Unemployment rate November 7.4% 7.4%
13:30 USA Nonfarm payrolls November +88K +171K
13:30 USA Unemployment rate November 8.0% 7.9%
13:30 USA Average hourly earnings November 0.2% 0.0%
13:30 USA Average workweek November 34.4 34.4
14:55 USA Michigan sentiment index November preliminary 82.9 82.7
20:00 USA Consumer credit October, bln +10.0 +11.4

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