Majors Daily Forecast: February 7

Trading range: 1.3495 - 1.3595
Trend: Upward
Buy at 1.3507 SL 1.3475 TP 1.3584

USD/JPY
Trading range: 93.30 - 94.25
Trend: Upward
Buy at 93.41 SL 93.09 TP 94.13

GBP/USD
Trading range: 1.5645 - 1.5755
Trend: Upward
Buy at 1.5656 SL 1.5624 TP 1.5744

USD/CHF
Trading range: 0.9115 - 0.9010
Trend: Downward
Sell at 0.9104 SL 0.9136 TP 0.9020


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

05:00 Japan Leading indicators composite index December preliminary 93.6 92.1
05:00 Japan Coincident indicators composite index December preliminary - 90.2
08:00 UK Halifax house price index December -0.2% 1.3%
08:00 UK Halifax house price index December 3m Y/Y 1.6% -0.3%
09:30 UK Industrial production December 0.7% 0.3%
09:30 UK Industrial production December Y/Y -2.2% -2.4%
09:30 UK Manufacturing output December 0.6% -0.3%
09:30 UK Manufacturing output December Y/Y -2.6% -2.1%
09:30 UK Trade in goods December, bln -9.0 -9.2
09:30 UK Non EU trade December, bln -4.3 -4.5
11:00 Germany Industrial production December seasonally adjusted 0.1% 0.2%
11:00 Germany Industrial production December not seasonally adjusted, workday adjusted Y/Y -0.5% -2.9%
12:00 UK BoE meeting announcement 0.50% 0.50%
12:00 UK BoE QE, bln 375 375
12:45 EU17 ECB meeting announcement 0.75% 0.75%
13:30 EU17 ECB press conference
13:30 USA Jobless claims week to 02.02 360K 368K
13:30 USA Productivity Q4 preliminary -1.2% 2.9%
13:30 USA Unit labour cost Q4 preliminary 3.0% -1.9%
20:00 USA Consumer credit December, bln 14.5 16.0
21:30 USA M2 money supply 28.01, bln - -55.0
23:50 Japan Current account December unadjusted, trln -0.141 -0.222
23:50 Japan Trade balance December unadjusted, trln - -0.848

*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 +68, total yesterday +143 pips, as shown at our web site.