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[B]The week is warming up with a busier calendar today. Let’s see what’s awaiting us.[/B]

Britain starts the day early with two interesting indicators: the BRC Retail Sales Monitor will supply an early indication to retail sales, while the RICS House Price Balance is expected to be weaker than last month, showing a drop in the places where the prices of homes are rising.

Later in Britain, Trade Balance is predicted to show a smaller deficit, 6.6 billion instead of 6.8. For more on the British Pound, read the [B][URL="http://www.forexcrunch.com/category/forex-weekly-outlook/gbp-usd-outlook/"]GBP/USD forecast[/URL][/B].

In Europe, German Final CPI is predicted to confirm the drop in prices last month ...

[b][img]http://www.mataf.net/images/_V3img/fleches/down_arrow_16.png[/img] [url="http://www.mataf.net/en/forex/gbpjpy"]GBP/JPY - British Pound / Yen[/url][/b]
[b]Entry[/b]: 140
[b]Stop[/b]: 140.4
[b]Resistances[/b]: 143.05 - 141.45 - 140.05
[b]Supports[/b]: 137.9 - 138.25 - 138.8

[b][img]http://www.mataf.net/images/_V3img/fleches/down_arrow_16.png[/img] [url="http://www.mataf.net/en/forex/gbpusd"]GBP/USD - British Pound / US Dollar[/url][/b]
[b]Entry[/b]: 1.5625
[b]Stop[/b]: 1.5665
[b]Resistances[/b]: 1.5855 - 1.574 - 1.566
[b]Supports[/b]: 1.547 - 1.554 - 1.5565

[b][img]http://www.mataf.net/images/_V3img/fleches/up_arrow_16.png[/img] [url="http://www.mataf.net/en/forex/usdchf"]USD/CHF ...

Update Time: 08 Feb 2010 21:17GMT
DAILY USD/CAD OUTLOOK - +1.0750+

Friday's retreat fm 1.0773 suggests recent rise
fm 1.0225 has made a temp. top n as long as 1.0660 holds, upside bias remains, abv 1.0753, 1.0795/00.

Trade fm long side with stop now at break-even,below wud risk stronger retrace. to 1.0565/70.

Rate: +1.0750+
Strategy: +Target met+
Position: Long at 1.0660
Objective: 1.0750
Stop-Loss:
Resistance: 1.0753/1.0781/1.0871
Support: 1.0645/1.0597/1.0546

***********************************
Update Time: 08 Feb 2010 20:50GMT
DAILY NZD/USD OUTLOOK ...

EURUSD Forecast:
The EURUSD made indecisive movement yesterday. Price attempted to push higher, topped at 1.3713 but closed lower at 1.3647. We have nothing significant so far and the market seems consolidating but still in a bearish scenario. However the hammer candlestick pattern I showed yesterday, remains indicating potential upside correction testing 1.3750 key resistance area and only a break below 1.3585 could cancel the bullish correction scenario, continue the bearish momentum targeting 1.3490 – 1.3400 area this week. On the upside, break above 1.3750 should trigger further bullish correction towards 1.3850 – 1.4030 area.



GBPUSD Forecast:
The ...