Daily i-forex-report-1 by epic research 10.05.13
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Daily i-forex-report-1 by epic research 10.05.13 Daily i-forex-report-1 by epic research 10.05.13 Document Transcript

  • DAILY I FOREX REPORT10thMAY 2013WWW.EPICRESEARCH.CO +91 9752199966
  • WWW.EPICRESEARCH.CO +91 9752199966 US Dollar Adrift As S&P 500Rally Continues To PowerAhead AUD/USD Reverses AfterJobs Data, GBP/USDReadies For BoE ECB Cuts its Euro-ZoneGrowth Forecast,Attributes Rate Cut toInflationBritish Pound Short Trade Held into BOERate DecisionThe monetary policy announcement from the Bank ofEngland headlines the economic calendar inEuropean trading hours. Mervyn King and companyare forecast to the size of the asset-purchase programunchanged at 375 billion. UK economic news-flow hascautiously improved relative to economists’expectations since April’s sit-down of the rate-settingMPC committee. Furthermore the Bank extended itsFunding for Lending (FLS) scheme late last month,limiting the scope for further action in the near term. Astatus-quo result seems firmly entrenched ininvestors’ baseline outlook however, meaning such anoutcome unlikely to yield a dramatic response fromthe British Pound. With that in mind, we remain shortGBPUSD.TRADING TIPS BUY EURUSD ABOVE1.3155 tgs 1.3175/1.3195sl 1.3125 BUY USDJPY ABOVE 98.70tgt 98.90/99.10 SL 98.40 SELL GBPUSD BELOW1.5560 Tgt 1.5540/1.5520SL 1.5590HEADLINES
  •  HOURLY EURUSD CHARTHOURLY EURUSD CHARTANALYSISOPEN: 1.3144 EURUSD LOOKS UPWARDHIGH: 1.3157 TREND: BULLISHLOW: 1.3141 STRATEGY: BUY ON DIPSCLOSE: 1.3153 MACD =>.0004(BULLISH SIGNAL)RSI => 52(BULLISH SIGNAL)
  • HOURLY USDJPY CHARTANALYSISOPEN: 98.69 USDJPY LOOKS UPWARDSHIGH: 98.69 TREND: BULLISHLOW: 98.66 STRATEGY: BUY ON DIPSCLOSE: 98.68 MACD =>.01(BULLISH SIGNAL)RSI => 45(BULLISH SIGNAL)www.epicresearch.co + 91 9752199966
  • HOURLY GBPUSD CHARTANALYSISOPEN: 1.5567 GBPUSD LOOKS DOWNWARDHIGH: 1.5568 TREND: BEARISHLOW: 1.5564 STRATEGY: SELL ON RISECLOSE: 1.5568 MACD =>.0001(BEARISH SIGNAL)RSI => 38(BEARISH SIGNAL)
  • HOURLY EURGBP CHARTANALYSISOPEN: 00.8443 EURGBP LOOKS UPWARDSHIGH: 00.8445 TREND: BULLISHLOW: 00.8442 STRATEGY: BUY ON DIPSCLOSE: 00.8443 MACD =>.0004(BULLISH SIGNAL)RSI => 32(BULLISH SIGNAL)www.epicresearch.co + 91 9752199966
  • HOURLY USD INDEX CHARTANALYSISOPEN: 81.8760 USDINDEX LOOKS UPWARDSHIGH: 81.9590 TREND: BULLISHLOW: 81.8610 STRATEGY: BUY ON DIPSCLOSE: 81.9050 MACD =>.0643(BULLISH SIGNAL)RSI => 42(BULLISH SIGNAL)ECONOMIC CALLENDER
  • Date Time Currency Event Importance Actual Forecast Previous NotesSunMay 513:30USD Feds PianaltoGives CommencementSpeech in OhioLowMonMay 600:23CNY Leading Index(MAR)Medium 99.38 99.9800:30AUD TD SecuritiesInflation (YoY) (APR)Medium 2.1% 2.1%00:30AUD TD SecuritiesInflation (MoM) (APR)Low 0.3% 0.2%01:30AUD Retail Sales ExInflation(QoQ) (1Q)Medium 2.2% 1.7% 0.1%01:30AUD Retail Sales s.a.(MoM) (MAR)Medium -0.4% 0.1% 1.3%01:30AUD ANZ JobAdvertisements (MoM)(APR)Low -1.3% -0.4%01:45CNY HSBC ServicesPMI (APR)Medium 51.1 54.307:45EUR Italian PurchasingManager IndexServices (APR)Low 47.0 45.9 45.507:50EUR FrenchPurchasing ManagerIndex Services (APR F)Low 44.3 44.1 44.107:55EUR GermanPurchasing ManagerIndex Services (APR F)Medium 49.6 49.2 49.208:00EUR Euro-ZonePurchasing ManagerIndex Composite (APRF)Medium 46.9 46.6 46.508:00EUR Euro-ZonePurchasing ManagerIndex Services (APR F)Medium 47.0 46.6 46.608:30EUR Euro-Zone SentixInvestor Confidence(MAY)Medium -15.6 -15.2 -17.309:00EUR Euro-Zone RetailSales (YoY) (MAR)Medium -2.4% -2.2% -1.7%09:00EUR Euro-Zone RetailSales (MoM) (MAR)Low -0.1% -0.1% -0.2%09:00EUR German FinMinSchaeuble Speaks onEuropean IntegrationLow12:30CAD Building Permits(MoM) (MAR)Medium 1.0% 1.7%14:00CAD Ivey PurchasingManagers Index s.a.(APR)Medium 58.0 61.622:45NZD Average HourlyEarnings (QoQ) (1Q)Medium 1.0% -0.4%22:45NZD Labor CostPrivate Sector (QoQ)(1Q)Low 0.5% 0.6%
  • 22:45NZD Private Wages exOvertime (QoQ) (1Q)Low 0.5% 0.5%23:01GBP BRC Shop PriceIndex (YoY) (APR)Low 1.4%23:01GBP LloydsEmploymentConfidence (APR)Low -4523:30AUD AiG Performanceof Construction Index(APR)Medium 39TueMay 701:30AUD House Price Index(QoQ) (1Q)Medium 1.8% 1.6%01:30AUD House Price Index(YoY) (1Q)Medium 4.0% 2.1%01:30AUD Trade Balance(Australian dollar)(MAR)Medium 0M -178M04:30LIVEAUD Reserve Bank ofAustralia Rate Decision(MAY 7)High 3.00% 3.00%05:45CHF SECO ConsumerConfidence (APR)Medium -2 -605:45CHF UnemploymentRate (APR)Medium 3.1% 3.2%05:45CHF UnemploymentRate s.a. (APR)Medium 3.1% 3.1%06:30AUD Foreign Reserves(Australian dollar)(APR)Low A$48.7B07:00CHF Foreign CurrencyReserves (APR)Low 435.0B 438.3B10:00EUR German FactoryOrders n.s.a. (YoY)(MAR)Medium -2.9% 0.0%10:00EUR German FactoryOrders s.a. (MoM)(MAR)Low -0.5% 2.3%14:00USD IBD/TIPPEconomic Optimism(MAY)Low 47.3 46.214:00USD JOLTs JobOpenings (MAR)Low 392519:00USD Consumer Credit(MAR)Medium $16.000B $18.139B23:01GBP BRC Sales Like-For-Like (YoY) (APR)Low 1.9% 1.9%WedMay 804:00CNY Trade Balance(USD) (APR)Medium $15.50B -$0.88B04:00CNY Exports (YoY)(APR)Low 10.0% 10.0%04:00CNY Imports (YoY)(APR)Low 13.0% 14.1%
  • 04:00GBP Halifax HousePrice (3MoY) (APR)Low 1.6% 1.1%04:00GBP Halifax Plc HousePrices s.a. (MoM)(APR)Low 0.2% 0.2%04:00GBP New CarRegistrations (YoY)(APR)Low 5.9%07:15CHF CPI - EUHarmonised (YoY)(APR)Medium -0.3%07:15CHF Consumer PriceIndex (YoY) (APR)Medium -0.5% -0.6%07:15CHF CPI - EUHarmonised (MoM)(APR)Low 0.5%07:15CHF Consumer PriceIndex (MoM) (APR)Low 0.1% 0.2%10:00EUR German IndustrialProduction n.s.a. andw.d.a. (YoY) (MAR)Medium -3.8% -1.8%10:00EUR German IndustrialProduction s.a. (MoM)(MAR)Low -0.1% 0.5%11:00USD MBA MortgageApplications (MAY 3)Low 1.8%12:15CAD Housing Starts(APR)Medium 175.0K 184.0K12:30USD Feds SteinSpeaks at Chicago FedConferenceLow14:30USD DOE Cushing OKCrude Inventory (MAY3)Low -1382K14:30USD DOE U.S. CrudeOil Inventories (MAY 3)Low 6696K14:30USD DOE U.S.Distillate Inventory(MAY 3)Low 474K14:30USD DOE U.S.Gasoline Inventories(MAY 3)Low -1818K22:45NZD UnemploymentRate (1Q)High 6.8% 6.9%22:45NZD EmploymentChange (QoQ) (1Q)Medium 1.0% -1.0%22:45NZD EmploymentChange (YoY) (1Q)Medium -0.7% -1.4%22:45NZD Participation Rate(QoQ) (1Q)Low 67.9% 67.2%23:50JPY Official ReserveAssets (APR)Low $1254.4BThuMay 900:00NZD QV House Prices(YoY) (APR)Low 6.5%
  • 01:30LIVEAUD EmploymentChange (APR)High 11.0K -36.1K01:30LIVEAUD UnemploymentRate (APR)High 5.6% 5.6%01:30CNY Consumer PriceIndex (YoY) (APR)High 2.3% 2.1%01:30AUD Full TimeEmployment Change(APR)Medium -7.4K01:30CNY Producer PriceIndex (YoY) (APR)Medium -2.3% -1.9%01:30AUD Part TimeEmployment Change(APR)Low -28.7K01:30AUD Participation Rate(APR)Low 65.1% 65.1%02:00JPY Tokyo Avg OfficeVacancies (APR)Low 8.56%05:00JPY Leading Index(MAR P)Medium 97.7 97.605:00JPY Coincident Index(MAR P)Low 93.2 92.408:00EUR ECB PublishesMonthly ReportHigh08:30GBP IndustrialProduction (YoY)(MAR)Medium -1.6% -2.2%08:30GBP ManufacturingProduction (YoY)(MAR)Medium -2.0% -1.4%08:30GBP IndustrialProduction (MoM)(MAR)Low 0.2% 1.0%08:30GBP ManufacturingProduction (MoM)(MAR)Low 0.3% 0.8%11:00GBP BOE AssetPurchase Target (MAY)High 375B 375B11:00GBP Bank of EnglandRate Decision (MAY 9)High 0.50% 0.50%12:00USD Feds LackerSpeaks on FinancialStability in New YorkLow12:30CAD New HousingPrice Index (YoY)(MAR)Medium 2.1% 2.1%12:30USD Initial JoblessClaims (MAY 4)Medium 335K 324K12:30CAD New HousingPrice Index (MoM)(MAR)Low 0.1% 0.2%12:30USD Continuing Claims(APR 27)Low 3018K 3019K
  • 14:00GBP NIESR GrossDomestic ProductEstimate (APR)High 0.10%14:00USD WholesaleInventories (MAR)Medium 0.4% -0.3%14:00USD Wholesale Sales(MoM) (MAR)Low 0.1% 1.7%14:30USD EIA Natural GasStorage Change (MAY3)Low 4317:15USD Feds PlosserSpeaks on MonetaryPolicy in New YorkLow22:45NZD NZ CardSpending - Retail(MoM) (APR)Medium 0.5% -0.5%22:45NZD NZ CardSpending (MoM) (APR)Medium -1.2%23:50JPY Bank Lending inclTrusts (YoY) (APR)Medium23:50JPY Trade Balance -BOP Basis (Yen)(MAR)Medium -¥274.0B -¥677.0B23:50JPY Adjusted CurrentAccount Total (Yen)(MAR)Low ¥480.4B -¥0.1B23:50JPY Bank LendingBanks ex-Trust (APR)Low 1.9%23:50JPY Current AccountBalance (YoY) (MAR)Low -5.7% -47.0%23:50JPY Current AccountTotal (Yen) (MAR)Low ¥1216.3B ¥637.4B23:50JPY Foreign BuyingJapan Bonds (Yen)(MAY 3)Low23:50JPY Foreign BuyingJapan Stocks (Yen)(MAY 3)Low23:50JPY Japan BuyingForeign Bonds (Yen)(MAY 3)Low23:50JPY Japan BuyingForeign Stocks (Yen)(MAY 3)LowFriMay 10GBP G7 FinanceMinisters, Central BankChiefs, Meet in UKHigh04:00CNY New Yuan Loans(APR)High 767.5B 1060.0B04:00CNY AggregateFinancing (APR)Low 1480.0B 2544.3B04:00CNY Money Supply -M0 (YoY) (APR)Low 12.0% 12.4%04:00CNY Money Supply -M1 (YoY) (APR)Low 11.3% 11.9%
  • 04:00CNY Money Supply -M2 (YoY) (APR)Low 15.5% 15.7%04:30JPY Bankruptcies(YoY) (APR)Medium -20.0%05:00JPY Eco WatchersSurvey: Outlook (APR)Medium 57.505:00JPY Eco WatchersSurvey: Current (APR)Low 57.306:00EUR German TradeBalance (euros) (MAR)Medium 17.5B 16.8B06:00EUR German CurrentAccount (euros) (MAR)Low 19.5B 16.0B06:00EUR German Exportss.a. (MoM) (MAR)Low 0.5% -1.5%06:00EUR German Importss.a. (MoM) (MAR)Low 1.5% -3.9%08:30GBP ConstructionOutput (YoY) (MAR)Medium -6.6% -7.0%08:30GBP Visible TradeBalance (Pounds)(MAR)Medium -£9000 -£941608:30GBP ConstructionOutput (MoM) (MAR)Low 15.0% 5.5%08:30GBP Total TradeBalance (Pounds)(MAR)Low -£3100 -£364208:30GBP Trade BalanceNon EU (Pounds)(MAR)Low -£4000 -£427612:25USD Feds EvansSpeaks at Chicago FedConferenceLow12:30LIVECAD Net Change inEmployment (APR)High 15.0K -54.5K12:30LIVECAD UnemploymentRate (APR)High 7.20% 7.20%12:30Full Time EmploymentChange (APR)Medium -54.0K12:30Part Time EmploymentChange (APR)Low -0.4K12:30Participation Rate(APR)Low 66.7 66.613:30Feds Bernanke Speaksat Chicago FedConferenceMedium18:00USD Monthly BudgetStatement (APR)Medium $106.0B18:00Feds George Speakson the Economy inWyomingLow
  • 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 theproduct/s that 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 doesnot provide individually tailor-made investment advice. Epic research recommends that investors independentlyevaluate 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 informationherein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epicresearch might be holding positions in the stocks recommended. It is understood that anyone who is browsingthrough the site has done so at his free will and does not read any views expressed as a recommendation for whicheither the site or its owners or anyone can be held responsible for . Any surfing and reading of the information isthe 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 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 9752199966
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