Daily i-forex-report by epic reseach 11 july 2013

106 views

Published on

Published in: Business, Economy & Finance
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
106
On SlideShare
0
From Embeds
0
Number of Embeds
2
Actions
Shares
0
Downloads
0
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Daily i-forex-report by epic reseach 11 july 2013

  1. 1. DAILY I FOREX REPORT 11TH JULY 2013 WWW.EPICRESEARCH.CO +91 7316642300
  2. 2. WWW.EPICRESEARCH.CO +91 7316642300  Yen Rises Further Against The Dollar In An FOMC Focused Trading Day  US Dollar Retreats Ahead of Bernanke; USD/JPY Set to Break ¥100 The USDJPY imploded overnight, slipping by over one percent and testing prices under ¥100.00, as the continued streak of improved Japanese data has investors reconsidering their stance on the Bank of Japan. Volatility in the USDJPY couldn’t be more appropriate, given what’s due ahead on the economic docket into the end of the week. Later today, the Fed’s June 18 to 19 meeting Minutes will be released, which will only be market moving insofar as there is a vocal minority apparent – one that seeks to extend QE3 or one that seeks to taper immediately. While the Minutes would normally garner more attention, the big Fed event on the day is Chairman Bernanke’s speech in Boston on economic policy shortly after the closing bell. The speech is entitled “The First 100 Years of the Federal Reserve: The Policy Record, Lessons Learned, and Prospects for the Future,” meaning there is scope for discussion on future policy. Considering that Fed officials have been on the defensive since the June FOMC meeting – and the chairman himself has yet to opine – it wouldn’t be surprising to hear Chairman Bernanke utilize dovish rhetoric, if only to serve as a counterweight to the recent uptick in borrowing costs. With the Fed set to balance its tone, the BoJ on Thursday will provide the ammunition to see the USDJPY selloff into the end of the week as long as a hold prevails. This may be the last BoJ meeting marked by inaction, as the Japanese diet elections over the coming days will cement power with the pro-easing/Abenomics camp, which should pave the way for more accommodative policies in the fall. TRADING TIPS  BUY EURUSD ABOVE 1.2850 TGT 1.2870/1.2890 SL 1.2820  SELL USDJPY BELOW 99.75 TGT 99.55/99.35 SL 100.50  BUY GBPUSD ABOVE 1.4950 TGT 1.4975/1.4995 SL 1.4920 HEADLINES
  3. 3.  HOURLY EURUSD CHARTHOURLY EURUSD CHART ANALYSIS EURUSD LOOKS UPWARD TREND: BULLISH STRATEGY: BUY ON DIPS MACD =>.0030(BULLISH SIGNAL) RSI => 56 (BULLISH SIGNAL) www.epicresearch.co + 91 7316642300
  4. 4. HOURLY USDJPY CHART www.epicresearch.co + 91 7316642300 ANALYSIS USDJPY LOOKS DOWNWARD TREND: BEARISH STRATEGY: SELL ON RISE MACD =>.10(BEARISH SIGNAL) RSI =>27(BEARISH SIGNAL)
  5. 5. HOURLY GBPUSD CHART www.epicresearch.co + 91 7316642300 ANALYSIS GBPUSD LOOKS UPWARD TREND: BULLISH STRATEGY: BUY ON DIPS MACD =>.0002(BULLISH SIGNAL) RSI =>61(BULLISH SIGNAL)
  6. 6. www.epicresearch.co + 91 7316642300 HOURLY EURGBP CHART ANALYSIS EURGBP LOOKS DOWNWARD TREND: BEARISH STRATEGY: SELL ON RISE MACD =>.0004(BEARISH SIGNAL) RSI =>45(BEARISH SIGNAL)
  7. 7. HOURLY USD INDEX CHART ANALYSIS USD INDEX LOOKS DOWNWARD TREND: BEARISH STRATEGY: SELL ON RISE MACD =>.0138(BEARISH SIGNAL) RSI =>32(BEARISH SIGNAL)
  8. 8. Date Time Currency Event Importance Actual Forecast Previous Notes Sun Jul 7 23:50 JPY Trade Balance - BOP Basis (Yen) (MAY) Medium -¥906.7B -¥902.1B -¥818.8B 23:50 JPY Adjusted Current Account Total (Yen) (MAY) Low ¥623.3B ¥600.0B ¥852.7B 23:50 JPY Bank Lending Banks ex-Trust (JUN) Low 2.2% 2.3% 2.1% 23:50 JPY Bank Lending incl Trusts (YoY) (JUN) Low 1.9% 1.9% 1.8% 23:50 JPY Current Account Balance (YoY) (MAY) Low 58.1% 91.6% 100.8% 23:50 JPY Current Account Total (Yen) (MAY) Low ¥540.7B ¥600.0B ¥750.0B Mon Jul 8 01:30 AUD ANZ Job Advertisements (MoM) (JUN) Low -1.8% -2.5% 02:35 NZD REINZ House Sales (YoY) (JUN) Low 0.0% 7.5% 02:35 NZD REINZ Housing Price Index (MoM) (JUN) Low 0.0% 0.7% 02:35 NZD REINZ Housing Price Index (JUN) Low 3685.8 3686.9 04:30 JPY Bankruptcies (YoY) (JUN) Medium -8.0% -9.0% 05:00 JPY Eco Watchers Survey: Current (JUN) Medium 53.0 55.5 55.7 05:00 JPY Eco Watchers Survey: Outlook (JUN) Medium 53.6 55.7 56.2 05:45 CHF Unemployment Rate (JUN) Medium 2.9% 3.0% 3.0% 05:45 CHF Unemployment Rate s.a. (JUN) Medium 3.2% 3.2% 3.2% 06:00 EUR German Trade Balance (euros) (MAY) Medium 13.1B 17.8B 18.0B 06:00 EUR German Current Account (euros) (MAY) Low 11.2B 14.8B 16.7B 06:00 EUR German Exports s.a. (MoM) (MAY) Low -2.4% 0.1% 1.4% 06:00 EUR German Imports s.a. (MoM) (MAY) Low 1.7% 0.0% 1.2% 07:15 CHF Industrial Production (YoY) (1Q) Medium 3.0% 1.4% 1.7% 08:30 EUR Euro-Zone Sentix Investor Confidence (JUL) Medium -12.6 -11.4 -11.6 ECONOMIC CALLENDER
  9. 9. 10:00 EUR German Industrial Production n.s.a. and w.d.a. (YoY) (MAY) Medium -1.0% -0.5% 0.9% 10:00 EUR German Industrial Production s.a. (MoM) (MAY) Low -1.0% -0.5% 2.0% 12:30 CAD Building Permits (MoM) (MAY) Low -5.0% 10.5% 13:00 EUR Euro-Area Finance Ministers Meet in Brussels High 13:00 EUR ECB's Draghi Speaks in Brussels Medium 13:00 IMF Releases Euro- Area Article IV Statement Medium 14:30 CAD Bank of Canda Senior Loan Officer Survey (2Q) Medium -5.0 -5.8 14:30 CAD Business Outlook Future Sales (2Q) Medium 30 24 19:00 USD Consumer Credit (MAY) Medium $12.500B $11.058B 21:00 USD EIA Gasoline and Diesel Fuel Update Low 22:00 NZD NZIER Business Opinion Survey (2Q) Medium 23 22:45 NZD NZ Card Spending - Retail (MoM) (JUN) Medium 0.6% 0.5% 22:45 NZD NZ Card Spending (MoM) (JUN) Medium 0.6% 23:01 GBP RICS House Price Balance (JUN) Medium 8% 5% 23:01 GBP BRC Sales Like- For-Like (YoY) (JUN) Low 1.9% 1.8% 23:50 JPY Japan Money Stock M2+CD (YoY) (JUN) Low 3.4% 3.4% 23:50 JPY Japan Money Stock M3 (YoY) (JUN) Low 2.9% 2.8% Tue Jul 9 00:00 NZD QV House Prices (YoY) (JUN) Low 7.1% 01:30 CNY Consumer Price Index (YoY) (JUN) High 2.5% 2.1% 01:30 CNY Producer Price Index (YoY) (JUN) High -2.6% -2.9% 01:30 AUD NAB Business Confidence (JUN) Medium -1 01:30 AUD NAB Business Conditions (JUN) Low -4 06:00 JPY Machine Tool Orders (YoY) (JUN P) Medium -7.4% 07:15 CHF Retail Sales (Real) (YoY) (MAY) Medium 3.3%
  10. 10. 08:30 GBP Industrial Production (YoY) (MAY) Medium -1.5% -0.6% 08:30 GBP Manufacturing Production (YoY) (MAY) Medium -1.5% -0.5% 08:30 GBP Total Trade Balance (Pounds) (MAY) Medium -£2600 -£2579 08:30 GBP Trade Balance Non EU (Pounds) (MAY) Medium -£3480 -£3414 08:30 GBP Visible Trade Balance (Pounds) (MAY) Medium -£8485 -£8224 08:30 GBP Industrial Production (MoM) (MAY) Low 0.2% 0.1% 08:30 GBP Manufacturing Production (MoM) (MAY) Low 0.4% -0.2% 11:30 USD NFIB Small Business Optimism (JUN) Low 94.7 94.4 12:15 CAD Housing Starts (JUN) Medium 188.0K 200.2K 14:00 GBP NIESR Gross Domestic Product Estimate (JUN) High 0.6% 14:00 USD JOLTs Job Openings (MAY) Low 3757 23:50 JPY Tertiary Industry Index (MoM) (MAY) Medium 0.8% 0.0% 23:50 JPY Domestic Corporate Goods Price Index (MoM) (JUN) Low 0.0% 0.1% 23:50 JPY Domestic Corporate Goods Price Index (YoY) (JUN) Low 1.2% 0.6% Wed Jul 10 CNY New Yuan Loans (JUN) High 800.0B 667.4B CNY Trade Balance (USD) (JUN) Medium $27.80B $20.43B CNY Aggregate Financing (JUN) Low 1400.0B 1190.0B CNY Exports (YoY)% (JUN) Low 3.9% 1.0% CNY Foreign Reserves (JUN) Low $3485.0B $3440.0B CNY Imports (YoY)% (JUN) Low 6.2% -0.3% CNY Money Supply - M0 (YoY) (JUN) Low 10.5% 10.8% CNY Money Supply - M1 (YoY) (JUN) Low 10.8% 11.3% CNY Money Supply - M2 (YoY) (JUN) Low 15.2% 15.8% 00:30 AUD Westpac Consumer Confidence (JUL) Medium 4.7%
  11. 11. 00:30 AUD Westpac Consumer Confidence Index (JUL) Low 102.2 05:00 JPY Consumer Confidence Index (JUN) Low 45.7 06:00 EUR German Consumer Price Index - EU Harmonised (YoY) (JUN F) High 1.9% 1.9% 06:00 EUR German Consumer Price Index (YoY) (JUN F) High 1.8% 1.8% 06:00 EUR German Consumer Price Index - EU Harmonised (MoM) (JUN F) Medium 0.1% 0.1% 06:00 EUR German Consumer Price Index (MoM) (JUN F) Medium 0.1% 0.1% 11:00 USD MBA Mortgage Applications (JUL 5) Low -11.7% 14:00 USD Wholesale Inventories (MAY) Low 0.3% 0.2% 14:00 USD Wholesale Sales (MoM) (MAY) Low 0.6% 0.5% 14:30 USD DOE U.S. Crude Oil Inventories (JUL 5) Low -10347K 14:30 USD DOE U.S. Distillate Inventory (JUL 5) Low -2418K 14:30 USD DOE U.S. Gasoline Inventories (JUL 5) Low -1719K 14:30 USD DOE U.S. Refinery Utilization (JUL 5) Low 2.0% 18:00 LIVE USD Fed Releases Minutes from Jun 18-19 FOMC Meeting High 20:10 USD Fed's Bernanke Speaks on Economic Policy in Boston High 22:00 NZD ANZ Truckometer Heavy Traffic (JUN) Low 4.7% 22:30 NZD Business NZ Performance of Manufacturing Index (JUN) Medium 59.2 22:45 NZD Food Prices (MoM) (JUN) Low 0.3% 23:50 JPY Japan Buying Foreign Bonds (Yen) (JUL 5) Medium -¥965.9B 23:50 JPY Japan Buying Foreign Stocks (Yen) (JUL 5) Medium -¥38.9B 23:50 JPY Machine Orders (YoY) (MAY) Medium 2.8% -1.1% 23:50 JPY Foreign Buying Japan Bonds (Yen) (JUL 5) Low ¥261.8B 23:50 JPY Foreign Buying Japan Stocks (Yen) (JUL 5) Low ¥479.7B
  12. 12. 23:50 JPY Machine Orders (MoM) (MAY) Low 1.7% -8.8% Thu Jul 11 JPY Bank of Japan Monetary Policy Statement High JPY Bank of Japan Rate Decision (JUL 11) High JPY BOJ 2014 Monetary Base Target (JUL 11) Medium ¥270T 01:00 AUD Consumer Inflation Expectation (JUL) Medium 2.3% 01:30 LIVE AUD Employment Change (JUN) High 0.0K 1.1K 01:30 LIVE AUD Unemployment Rate (JUN) High 5.6% 5.5% 01:30 AUD Full Time Employment Change (JUN) Medium -5.3K 01:30 AUD Part Time Employment Change (JUN) Low 6.4K 01:30 AUD Participation Rate (JUN) Low 65.2% 65.2% 02:00 JPY Tokyo Avg Office Vacancies (%) (JUN) Low 8.33 06:00 EUR German Wholesale Price Index (MoM) (JUN) Low -0.4% 06:00 EUR German Wholesale Price Index (YoY) (JUN) Low -0.1% 06:30 JPY Kuroda Holds Post-Meeting Press Conference High 08:00 EUR ECB Publishes Monthly Report High 12:30 CAD New Housing Price Index (YoY) (MAY) Medium 2.0% 12:30 USD Initial Jobless Claims (JUL 6) Medium 340K 343K 12:30 CAD New Housing Price Index (MoM) (MAY) Low 0.2% 0.2% 12:30 USD Continuing Claims (JUN 29) Low 2958K 2933K 12:30 USD Import Price Index (MoM) (JUN) Low 0.0% -0.6% 12:30 USD Import Price Index (YoY) (JUN) Low 0.5% -1.9% 14:30 USD EIA Natural Gas Storage Change (JUL 5) Low 72 15:00 USD Fed's Tarullo Testifies on Regulation to Senate Banking Low 18:00 USD Monthly Budget Statement (JUN) Medium $40.0B
  13. 13. Fri Jul 12 JPY Bank of Japan's Monthly Economic Report for July High USD Fed's Plosser and Bullard Speak in Wyoming Low 01:30 AUD Home Loans (MAY) Medium 2.2% 0.8% 01:30 AUD Investment Lending (MAY) Low 1.1% 01:30 AUD RBA Credit Card Balances (MAY) Low $A49.4B 01:30 AUD RBA Credit Card Purchases (MAY) Low $A21.6B 01:30 AUD Value of Loans (MoM) (MAY) Low -0.9% 03:00 NZD Non Resident Bond Holdings (JUN) Low 69.1% 04:30 JPY Industrial Production (YoY) (MAY F) Medium -1.0% 04:30 JPY Capacity Utilization (MoM) (MAY F) Low 1.6% 04:30 JPY Industrial Production (MoM) (MAY F) Low 2.0% 08:30 JPY Construction Output (YoY) (MAY) Low -1.1% 09:00 EUR Euro-Zone Industrial Production w.d.a. (YoY) (MAY) Medium -1.4% -0.6% 09:00 EUR Euro-Zone Industrial Production s.a. (MoM) (MAY) Low -0.3% 0.4% 12:30 USD Producer Price Index Ex Food & Energy (YoY) (JUN) Medium 1.6% 1.7% 12:30 USD Producer Price Index (YoY) (JUN) Medium 2.1% 1.7% 12:30 USD Producer Price Index Ex Food & Energy (MoM) (JUN) Low 0.1% 0.1% 12:30 USD Producer Price Index (MoM) (JUN) Low 0.5% 0.5% 13:00 CAD Teranet/National Bank HPI (MoM) (JUN) Low 1.1% 13:00 CAD Teranet/National Bank HPI (YoY) (JUN) Low 2.0% 13:00 CAD Teranet/National Bank HP Index (JUN) Low 155.39 13:55 LIVE USD U. of Michigan Confidence (JUL P) High 85.0 84.1 21:15 USD Fed's Williams Presents a Monetary Policy Paper in Vancouver Low
  14. 14. www.epicresearch.co + 91 7316642300 Disclaimer The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE. The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in equity & bullion market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.

×