• Save
Daily i-forex-report-1 by epic research 05 june 2013
Upcoming SlideShare
Loading in...5
×
 

Daily i-forex-report-1 by epic research 05 june 2013

on

  • 160 views

Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Currency Tips, Commodity Tips, MCX Tips, Equity Tips, ...

Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Currency Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, NSE Tips, BSE Tips, COMEX Tips, PCG Pack NCDEX Tips and Free Stock Tips. We provide services in equity, commodity and Forex market.

Statistics

Views

Total Views
160
Views on SlideShare
160
Embed Views
0

Actions

Likes
0
Downloads
0
Comments
0

0 Embeds 0

No embeds

Accessibility

Upload Details

Uploaded via as Adobe PDF

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

Daily i-forex-report-1 by epic research 05 june 2013 Daily i-forex-report-1 by epic research 05 june 2013 Document Transcript

  • DAILY I FOREX REPORT5THJUN 2013WWW.EPICRESEARCH.CO +91 7316642300
  • WWW.EPICRESEARCH.CO +91 7316642300 European Forex TradersDistracted By Asian AndAustralasian Action US Dollar Correction MayExtend on Supportive FedRhetoricThe US Dollar mounted a spirited recovery in overnight trade,adding as much as 0.4 percent on average against its leadingcounterparts. The move appears to be a retracement in thecontext of yesterday’s aggressive selloff, which yielded thelargest single-day decline in close to a year. This followed adismal ISM Manufacturing print that weighed against FederalReserve QE reduction bets, sending the greenback lower andoffering a boost to risk appetite.Looking ahead, a quiet economic data docket in European and UStrading hours puts the spotlight on scheduled commentary fromFederal Reserve policymakers Esther George and Sarah BloomRaskin. Both are current members of the rate-setting FOMC andtraders will be keen to parse their commentary as expectationsfor a tapering of QE asset purchases continue to evolve. BetweenMs. George and Ms. Bloom Raskin, the rhetoric on offer is likely tofall on the neutral-to-hawkish side of the policy spectrum. Thatmay weigh on sentiment and further support the US unit.Technical positioning points to a broader bearish outlookhowever.The Australian Dollar and New Zealand Dollar took a beating inAsia having outperformed over the preceding 24 hours,underscoring the corrective nature of Asia-session price action.Indeed, the key bit of event risk on the day – the RBA interest ratedecision – didn’t produce adiscretely significant response fromprice action. The Japanese Yen likewise came under sellingpressure as the Nikkei 225 stock index mounted a sharp rebound,weighing on the local haven unit. Japan’s equities benchmarkadded over 2 percent, putting in for the strongest single-dayperformance in close to a month.TRADING TIPS BUY EURUSD ABOVE1.3095 TGT 1.3115/1.3135SL 1.3065 SELL USDJPY BELOW 99.30TGT 99.10/98.90 SL 99.60 BUY GBPUSD ABOVE1.5345 TGT 1.5365/1.5385SL 1.5315HEADLINES
  •  HOURLY EURUSD CHARTHOURLY EURUSD CHARTANALYSISOPEN: 1.3070 EURUSD LOOKS UPWARDHIGH: 1.3095 TREND: BULLISHLOW: 1.3052 STRATEGY: BUY ON DIPSCLOSE: 1.3091 MACD =>.0007(BULLISH SIGNAL)RSI => 42(BULLISH SIGNAL)
  • HOURLY USDJPY CHARTANALYSISOPEN: 99.74 USDJPY LOOKS DOWNWARDHIGH: 100.42 TREND: BEARISHLOW: 99.33 STRATEGY: SELL ON RISECLOSE: 99.88 MACD =>.04(BWARI SIGNAL)RSI => 44(BEARI SIGNAL)
  • www.epicresearch.co + 91 7316642300HOURLY GBPUSD CHARTANALYSISOPEN: 1.5321 GBPUSD LOOKS UPWARDHIGH: 1.5343 TREND: BULLISHLOW: 1.5283 STRATEGY: BUY ON DIPSCLOSE: 1.5301 MACD =>-.000(BULLISH SIGNAL)RSI => 64(BULLISH SIGNAL)
  • HOURLY EURGBP CHARTANALYSISOPEN: 00.8530 EURGBP LOOKS DOWNWARDHIGH: 00.8558 TREND: BEARISHLOW: 00.8522 STRATEGY: SELL ON RISECLOSE: 00.8555 MACD =>.00005(BEARISH SIGNAL)RSI =>37(BEARISH SIGNAL)www.epicresearch.co + 91 7316642300
  • HOURLY USD INDEX CHARTANALYSISOPEN: 82.7030 USDINDEX LOOKS DOWNWARDHIGH: 82.8920 TREND: BEARISHLOW: 82.6030 STRATEGY: SELL ON RISECLOSE: 82.7300 MACD =>.0291(BEARISH SIGNAL)RSI => 42(BEARISH SIGNAL)
  • Date Time Currency Event Importance Actual Forecast Previous NotesSunJun 218:00USD Feds BernankeGives GraduationSpeech at PrincetonUniversityLow23:30AUD AiG Performanceof Manufacturing Index(MAY)Medium 43.8 36.723:50JPY Capital Spending(1Q)Medium -3.9% -5.5% -8.7%23:50JPY Capital Spendingexcl Software (1Q)Medium -5.2% -5.4% -7.2%MonJun 300:00AUD RPData-RismarkHouse PX Actual(MAY)Low -1.2% -0.5%00:30AUD TD SecuritiesInflation (MoM) (MAY)Low 0.2% 0.3%00:30AUD TD SecuritiesInflation (YoY) (MAY)Low 2.2% 2.1%01:00CNY Non-manufacturing PMI(MAY)Medium 54.3 54.501:30AUD ANZ JobAdvertisements (MoM)(MAY)Low -2.4% -1.7%01:30AUD Retail Sales s.a.(MoM) (APR)Medium 0.2% 0.3% -0.4%01:30AUD CompanyOperating Profit (QoQ)(1Q)Low 3.0% 1.5% -0.5%01:30 AUD Inventories (1Q) Low -0.6% 0.0% 0.2%01:45CNY HSBCManufacturing PMI(MAY)Medium 49.2 49.6 50.401:50USD Feds YellenSpeaks on Regulationin ShanghaiLow05:00JPY Vehicle Sales(YoY) (MAY)Low -7.3% 2.0%06:30AUD RBA CommodityPrice Index (MAY)Low 87.0 85.506:30AUD RBA CommodityIndex SDR (YoY)(MAY)Low -8.6% -7.3%ECONOMIC CALLENDER
  • 07:30CHF SVME-PurchasingManagers Index (MAY)Medium 52.2 50.8 50.207:45EUR Italian PurchasingManager IndexManufacturing (MAY)Low 47.3 46.2 45.507:50EUR FrenchPurchasing ManagerIndex Manufacturing(MAY F)Low 46.4 45.5 45.507:55EUR GermanPurchasing ManagerIndex Manufacturing(MAY F)Medium 49.4 49.0 49.008:00EUR Euro-ZonePurchasing ManagerIndex Manufacturing(MAY F)Medium 48.3 47.8 47.808:30GBP PurchasingManager IndexManufacturing (MAY)Medium 51.3 50.3 50.211:20USD Feds WilliamsSpeaks in StockholmLow12:58USD Markit US PMIFinal (MAY)Low 52.0 52.014:00USD ConstructionSpending (MoM) (APR)Medium 0.9% -1.7%14:00USD ISMManufacturing (MAY)High 50.7 50.714:00USD ISM Prices Paid(MAY)Medium 49.5 5014:00USD Revisions toConstruction data backto Jan. 2011Low21:00USD Total VehicleSales (MAY)Low 15.10M 14.88M21:00USD Domestic VehicleSales (MAY)Low 11.95M 11.76M23:01GBP BRC Sales Like-For-Like (MAY)Low 1.3% -2.2%23:50JPY Monetary Base(YoY) (MAY)Low 23.1%23:50JPY Monetary BaseEnd of period (MAY)Low ¥155.3TTueJun 4GBP Halifax Plc HousePrices s.a. (MoM)(MAY)Low 0.3% 1.1%GBP Halifax HousePrice (3MoY) (MAY)Low 2.5% 2.0%01:30AUD Current AccountBalance (AustralianDollar) (1Q)Medium -9000M -14678M01:30AUD Australia NetExports of GDP (1Q)Low 0.8 0.6
  • 01:30JPY Labor CashEarnings (YoY) (APR)Medium -0.6%04:30LIVEAUD Reserve Bank ofAustralia Rate Decision(JUN 4)High 2.75% 2.75%08:30GBP PurchasingManager IndexConstruction (MAY)Medium 49.6 49.409:00EUR Euro-ZoneProducer Price Index(MoM) (APR)Low -0.2% -0.2%09:00EUR Euro-ZoneProducer Price Index(YoY) (APR)Medium 0.3% 0.7%12:30CAD InternationalMerchandise Trade(Canadian dollar)(APR)Low -0.60B 0.02B12:30USD Annual Revisionsof the InternationalTrade ReportLow12:30USD Trade Balance(APR)Medium -$41.0B -$38.8B13:45USD ISM New York(MAY)Low 58.314:00USD IBD/TIPPEconomic Optimism(JUN)Low 50 45.117:30USD Feds GeorgeSpeaks on Economy inNew MexicoLow22:45NZD Value of AllBuildings s.a. (1Q)Low 1.8%23:01GBP BRC Shop PriceIndex (MAY)Low 0.4%23:30AUD AiG Performanceof Service Index (MAY)Medium 44.1WedJun 500:00USD Feds FisherSpeaks on MonetaryPolicy in TorontoLow01:00NZD ANZ CommodityPrice (MAY)Low 12.6%01:30AUD Gross DomesticProduct (QoQ) (1Q)Medium 0.8% 0.6%01:30AUD Gross DomesticProduct (YoY) (1Q)High 2.7% 3.1%01:45CNY HSBC ServicesPMI (MAY)Medium 51.107:45EUR Italian PurchasingManager IndexServices (MAY)Low 47.5 4707:50EUR FrenchPurchasing ManagerIndex Services (MAY F)Low 44.3 44.3
  • 07:55EUR GermanPurchasing ManagerIndex Services (MAY F)Medium 49.8 49.808:00EUR Euro-ZonePurchasing ManagerIndex Services (MAY F)Medium 47.5 47.508:00EUR Euro-ZonePurchasing ManagerIndex Composite (MAYF)Medium 47.708:30GBP PurchasingManager IndexServices (MAY)Medium 53.2 52.908:30GBP Official Reserves(Changes) (MAY)Low -$1149M09:00EUR Euro-Zone GrossDomestic Product s.a.(QoQ) (1Q P)High -0.2% -0.2%09:00EUR Euro-Zone GrossDomestic Product s.a.(YoY) (1Q P)High -1.0% -1.0%09:00EUR Euro-ZoneHouseholdConsumption (QoQ)(1Q P)Low -0.4%09:00EUR Euro-Zone GrossFixed Capital (QoQ)(1Q P)Low -1.1%09:00EUR Euro-ZoneGovernmentExpenditure (QoQ) (1QP)Low -0.1%09:00EUR Euro-Zone RetailSales (MoM) (APR)Low -0.2% -0.1%09:00EUR Euro-Zone RetailSales (YoY) (APR)Medium -0.6% -2.4%11:00USD MBA MortgageApplications (MAY 31)Low -8.8%12:15USD ADP EmploymentChange (MAY)Medium 170K 119K12:30CAD Building Permits(MoM) (APR)Medium -2.3% 8.6%12:30USD Non-FarmProductivity (1Q F)Low 0.7% 0.7%12:30USD Unit Labor Costs(1Q F)Low 0.5% 0.5%14:00USD Factory Orders(APR)Medium 1.4% -4.0%14:00LIVEUSD USD ISM Non-ManufacutringComposite (MAY)Medium 53.5 53.114:30USD DOE U.S. CrudeOil Inventories (MAY31)Low 3000K14:30USD DOE Cushing OKCrude Inventory (MAYLow 335K
  • 31)14:30USD DOE U.S.Gasoline Inventories(MAY 31)Low -1514K14:30USD DOE U.S.Distillate Inventory(MAY 31)Low 1851K18:00USD US FederalReserve ReleasesBeige BookMedium23:50JPY Japan BuyingForeign Bonds (Yen)(MAY 31)Medium -¥1117.3B23:50JPY Japan BuyingForeign Stocks (Yen)(MAY 31)Medium -¥104.9B23:50JPY Foreign BuyingJapan Bonds (Yen)(MAY 31)Low -¥457.2B23:50JPY Foreign BuyingJapan Stocks (Yen)(MAY 31)Low ¥27.4BThuJun 601:30AUD Trade Balance(Australian dollar)(APR)Medium 180M 307M02:00JPY Tokyo Avg OfficeVacancies (%) (MAY)Low 8.5405:30EUR French ILOUnemployment Rate(1Q)Low 10.6%07:15CHF Consumer PriceIndex (MoM) (MAY)Low 0.1% 0.0%07:15CHF Consumer PriceIndex (YoY) (MAY)Medium -0.6% -0.6%07:15CHF CPI - EUHarmonised (MoM)(MAY)Low -0.1%07:15CHF CPI - EUHarmonised (YoY)(MAY)Medium -0.4%08:30GBP LloydsEmploymentConfidence (MAY)Low -4110:00EUR German FactoryOrders s.a. (MoM)(APR)Low -1.0% 2.2%10:00EUR German FactoryOrders n.s.a. (YoY)(APR)Medium -0.2% -0.4%11:00LIVEGBP Bank of EnglandRate Decision (JUN 6)High 0.50% 0.50%11:00GBP BOE AssetPurchase Target (JUN)High 375B 375B11:30USD Challenger JobCuts (YoY) (MAY)Low -6.0%
  • 11:30USD RBC ConsumerOutlook Index (JUN)Low 50.211:45LIVEEUR European CentralBank Rate Decision(JUN 6)High 0.50% 0.50%11:45LIVEEUR ECB DepositFacility Rate (JUN 6)High 0.00% 0.00%12:00USD Feds PlosserSpeaks on Economy inBostonLow12:30USD Initial JoblessClaims (JUN 1)Medium 345K 354K12:30USD Continuing Claims(MAY 25)Low 2986K14:00CAD Ivey PurchasingManagers Index s.a.(MAY)Medium 55 52.214:30USD EIA Natural GasStorage Change (MAY31)Low 8816:00USD HouseholdChange in Net Worth(1Q)Low $1174B23:30AUD AiG Performanceof Construction Index(MAY)Medium 35.223:50JPY Official ReserveAssets (MAY)Low $1258.0BFriJun 7GBP New CarRegistrations (YoY)(MAY)Low 14.8%05:00JPY Coincident Index(APR P)Low 94.9 93.805:00JPY Leading Index(APR P)Medium 98.6 97.906:00EUR German TradeBalance (euros) (APR)Medium 17.0B 18.8B06:00EUR German CurrentAccount (euros) (APR)Low 13.0B 20.2B06:00EUR German Importss.a. (MoM) (APR)Low 0.8%06:00EUR German Exportss.a. (MoM) (APR)Low -0.8% 0.5%06:00EUR German LaborCosts Workday Adj(YoY) (1Q)Low 2.9%06:00EUR German LaborCosts Seas. Adj. (QoQ)(1Q)Low 0.8%06:30AUD Foreign Reserves(Australian dollar)(MAY)Low A$49.8B07:00CHF Foreign CurrencyReserves (MAY)Low 433.6B
  • 08:30GBP Visible TradeBalance (Pounds)(APR)Medium -£8800 -£905608:30GBP Trade BalanceNon EU (Pounds)(APR)Medium -£3700 -£347008:30GBP Total TradeBalance (Pounds)(APR)Medium -£3000 -£313010:00EUR German IndustrialProduction s.a. (MoM)(APR)Low 0.3% 1.2%10:00EUR German IndustrialProduction n.s.a. andw.d.a. (YoY) (APR)Medium -0.8% -2.5%12:30LIVEUSD UnemploymentRate (MAY)High 7.5% 7.5%12:30LIVEUSD Change in Non-farm Payrolls (MAY)High 168K 165K12:30USD Change in PrivatePayrolls (MAY)Medium 175K 176K12:30USD Change inManufacturing Payrolls(MAY)Low 3K 0K12:30USD Change inHouseholdEmployment (MAY)Low 29312:30USD UnderemploymentRate (U6) (MAY)Medium 13.9%12:30USD Average HourlyEarning All Employees(MoM) (MAY)Low 0.2% 0.2%12:30USD Average HourlyEarning All Employees(YoY) (MAY)Medium 2.1% 1.9%12:30USD Average WeeklyHours All Employees(MAY)Low 34.5 34.412:30USD Two-MonthPayroll Net Revision(MAY)Medium12:30CAD UnemploymentRate (MAY)High 7.1% 7.2%12:30CAD Net Change inEmployment (MAY)High 18.0K 12.5K12:30CAD Full TimeEmployment Change(MAY)Medium 3612:30CAD Part TimeEmployment Change(MAY)Low -23.612:30CAD Participation Rate(MAY)Low 66.512:30CAD Labor Productivity(QoQ) (1Q)Low 0.1%
  • 19:00USD Consumer Credit(APR)Medium $14.000B $7.966B
  • DisclaimerThe information and views in this report, our website & all the service we provide are believed to be reliable, but wedo not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/sthat suits them the most.Sincere efforts have been made to present the right investment perspective. The information contained herein isbased on analysis and up on sources that we consider reliable.This material is for personal information and based upon it & takes no responsibilityThe information given herein should be treated as only factor, while making investment decision. The report does notprovide individually tailor-made investment advice. Epic research recommends that investors independently evaluateparticular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic researchshall not be responsible for any transaction conducted based on the information given in this report, which is inviolation 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 researchmight be holding positions in the stocks recommended. It is understood that anyone who is browsing through the sitehas done so at his free will and does not read any views expressed as a recommendation for which either the siteor its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptanceof 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 lossincurred whatsoever for any financial profits or loss which may arise from the recommendations above epicresearch does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid OrUnpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or AnyInformation Provided by us to/with anyone which is received directly or indirectly by them. If found so then SeriousLegal Actions can be taken.www.epicresearch.co + 91 7316642300