Daily i-forex-report-1 by epic research 22 july 2013

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Daily i-forex-report-1 by epic research 22 july 2013

  1. 1. DAILY I FOREX REPORT 22TH JULY 2013 WWW.EPICRESEARCH.CO +91 7316642300
  2. 2. WWW.EPICRESEARCH.CO +91 7316642300  Dollar Retreating From Chart Resistance, S&P 500 Sets New High  US Dollar Has Held On, But Next Move Likely Lower Forex markets have slowed down as Fed Chairman Ben Bernanke eased market tensions and sent volatility lower. Here are the trades we think might do well in current markets. Don’t Fight the Fed - Bernanke's Words Will Drive US Dollar Lower The US Dollar fell against major currencies except the Japanese Yen as the S&P 500 surged to fresh record- highs… Euro Stability in the Face of Financial Trouble a Sign of Strength? Can this benchmark currency exploit its fundamental buoyancy and drive EURUSD above 1.3200 this week? British Pound Looks Higher Ahead of 2Q GDP as BoE Votes Unanimously The Euro finished the week mixed overall, sliding another -1.41% against the US Dollar… Yen Could Weaken as ‘Abenomics’ Affirmed by Japanese Elections The Japanese Yen will have a difficult time this coming week with elections around the corner. Australian Dollar Has Room to Recover if CPI Data Cooperates The Australian Dollar appears increasingly likely to launch a recovery… TRADING TIPS  BUY EURUSD ABOVE 1.3160 TGT 1.3180/1.3200 SL 1.3130  SELL USDJPY BELOW 99.50 TGT 99.30/99.10 SL 99.80  BUY GBPUSD ABOVE 1.5270 TGT 1.5290/1.5310 SL 1.5240 HEADLINES
  3. 3.  HOURLY EURUSD CHARTHOURLY EURUSD CHART ANALYSIS EURUSD LOOKS UPWARD TREND: BULLISH STRATEGY: BUY ON DIPS MACD =>.0030 (BULLISH SIGNAL) RSI => 62 (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 =>37(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 UPWARD TREND: BULLISH STRATEGY: BUY ON DIPS MACD =>.0004(BULLISH SIGNAL) RSI =>39(BULLISH SIGNAL)
  7. 7. HOURLY USD INDEX CHART ANALYSIS USD INDEX LOOKS DOWNWARD TREND: BEARIISH STRATEGY: SELL ON RISE MACD =>.0138(BEARISH SIGNAL) RSI =>35(BEARISH SIGNAL)
  8. 8. Date Time Currency Event Importance Actual Forecast Previous Notes Sun Jul 14 CNY Actual FDI (YoY) (JUN) Medium 0.7% 0.3% 22:30 NZD Performance Services Index (JUN) Medium 55.0 56.0 23:01 GBP Rightmove House Prices (MoM) (JUL) Low 0.3% 1.2% 23:01 GBP Rightmove House Prices (YoY) (JUL) Medium 4.8% 2.7% Mon Jul 15 01:30 AUD New Motor Vehicle Sales (MoM) (JUN) Low 4.0% 0.0% 01:30 AUD New Motor Vehicle Sales (YoY) (JUN) Low 7.1% 0.2% 02:00 CNY Business Climate Index (2Q) Low 120.6 125.6 02:00 CNY Real GDP YTD (YoY) (2Q) High 7.6% 7.7% 7.7% 02:00 CNY Entrepreneur Confidence Index (2Q) Low 117.0 122.4 02:00 CNY GDP (YoY) (2Q) High 7.5% 7.5% 7.7% 02:00 CNY Real GDP (QoQ) (2Q) High 1.7% 1.8% 1.6% 02:00 CNY Industrial Production YTD (YoY) (JUN) Medium 9.3% 9.3% 9.4% 02:00 CNY Industrial Production (YoY) (JUN) Medium 8.9% 9.1% 9.2% 02:00 CNY Fixed Assets Inv Excl. Rural YTD (YoY) (JUN) Medium 20.1% 20.2% 20.4% 02:00 CNY Retail Sales YTD (YoY) (JUN) Medium 12.7% 12.7% 12.6% 02:00 CNY Retail Sales (YoY) (JUN) Medium 13.3% 12.9% 12.9% 07:15 CHF Producer & Import Prices (MoM) (JUN) Low 0.1% 0.1% -0.3% 07:15 CHF Producer & Import Prices (YoY) (JUN) Low 0.2% 0.2% -0.2% 12:00 USD Fed's Tarullo Speaks on Banking Regulation in Washington Low ECONOMIC CALLENDER
  9. 9. 12:30 USD Empire Manufacturing (JUL) Low 5 7.84 12:30 USD Advance Retail Sales (JUN) High 0.7% 0.6% 12:30 USD Retail Sales Less Autos (JUN) Medium 0.4% 0.3% 12:30 USD Retail Sales Ex Auto & Gas (JUN) Low 0.3% 0.3% 12:30 USD Retail Sales "Control Group" (JUN) Low 0.4% 0.3% 13:00 CAD Existing Home Sales (MoM) (JUN) Medium 3.6% 14:00 USD Business Inventories (MAY) Medium 0.2% 0.3% 21:00 USD EIA Gasoline and Diesel Fuel Update Low 22:45 NZD Consumer Prices Index (QoQ) (2Q) Medium 0.3% 0.4% 22:45 NZD Consumer Prices Index (YoY) (2Q) Medium 0.8% 0.9% Tue Jul 16 01:30 AUD RBA Policy Meeting - July Minutes High 04:00 JPY Tokyo Condominium Sales (YoY) (JUN) Low 49.20% 06:00 EUR EU 25 New Car Registrations (JUN) Low -5.9% 08:30 GBP Producer Price Index Input n.s.a. (MoM) (JUN) Low -0.2% -0.3% 08:30 GBP Producer Price Index Input n.s.a. (YoY) (JUN) Low 4.2% 2.2% 08:30 GBP Producer Price Index Output n.s.a. (MoM) (JUN) Low 0.1% 0.0% 08:30 GBP Producer Price Index Output n.s.a. (YoY) (JUN) Medium 1.9% 1.2% 08:30 GBP Producer Price Index Output Core n.s.a. (MoM) (JUN) Low 0.1% 0.1% 08:30 GBP Producer Price Index Output Core n.s.a. (YoY) (JUN) Medium 1.1% 0.8% 08:30 GBP DCLG UK House Prices (YoY) (MAY) Low 2.8% 2.6% 08:30 GBP Consumer Price Index (MoM) (JUN) Medium -0.1% 0.2% 08:30 GBP Consumer Price Index (YoY) (JUN) High 3.0% 2.7% 08:30 GBP Core Consumer Price Index (YoY) (JUN) High 2.3% 2.2% 08:30 GBP Retail Price Index (JUN) Low 250 250
  10. 10. 08:30 GBP Retail Price Index (MoM) (JUN) Low 0.0% 0.2% 08:30 GBP Retail Price Index (YoY) (JUN) Low 3.4% 3.1% 08:30 GBP Retail Price Index Ex Mort Int.Payments (YoY) (JUN) Low 3.4% 3.1% 09:00 EUR Euro-Zone Consumer Price Index (MoM) (JUN) Medium 0.1% 0.1% 09:00 EUR Euro-Zone Consumer Price Index (YoY) (JUN F) High 1.6% 1.6% 09:00 EUR Euro-Zone Consumer Price Index - Core (YoY) (JUN F) High 1.2% 1.2% 09:00 EUR Euro-Zone Trade Balance s.a. (euros) (MAY) Low 16.2B 16.1B 09:00 EUR Euro-Zone Trade Balance (euros) (MAY) Low 12.0B 14.9B 09:00 EUR Euro-Zone ZEW Survey (Economic Sentiment) (JUL) Medium 30.6 09:00 EUR German ZEW Survey (Current Situation) (JUL) Medium 9 8.6 09:00 EUR German ZEW Survey (Economic Sentiment) (JUL) High 40 38.5 12:30 CAD Manufacturing Shipments (MoM) (MAY) Low 1.0% -2.4% 12:30 USD Consumer Price Index (MoM) (JUN) Medium 0.3% 0.1% 12:30 USD Consumer Price Index Ex Food & Energy (MoM) (JUN) Medium 0.2% 0.2% 12:30 USD Consumer Price Index (YoY) (JUN) High 1.6% 1.4% 12:30 USD Consumer Price Index Ex Food & Energy (YoY) (JUN) High 1.6% 1.7% 12:30 USD Consumer Price Index Core Index s.a. (JUN) Low 233.267 12:30 USD Consumer Price Index n.s.a. (JUN) Low 233.25 232.95 13:00 USD Total Net TIC Flows (MAY) Low $12.7B 13:00 USD Net Long-term TIC Flows (MAY) Medium -$37.3B 13:15 USD Industrial Production (JUN) Medium 0.003 0 13:15 USD Capacity Utilization (JUN) Low 0.777 0.776 13:15 USD Manufacturing (SIC) Production (JUN) Medium 0.20% 0.10% 14:00 USD NAHB Housing Market Index (JUL) Medium 51.0 52.0
  11. 11. 18:15 USD Fed's George Speaks on Economic Conditions and Agriculture Low 23:50 JPY Bank of Japan June 10-11 meeting minutes High Wed Jul 17 00:30 AUD Westpac Leading Index (MoM) (MAY) Medium 0.6% 02:00 CNY Conference Board China June Leading Economic Index Low 06:00 JPY Machine Tool Orders (YoY) (JUN F) Medium -12.4% 08:30 GBP Bank of England Minutes High 08:30 GBP Claimant Count Rate (JUN) Medium 4.5% 4.5% 08:30 GBP Jobless Claims Change (JUN) Medium -8.0K -8.6K 08:30 GBP Average Weekly Earnings (3M/(YoY)) (MAY) Low 1.4% 1.3% 08:30 GBP Weekly Earnings exBonus (3M/(YoY)) (MAY) Low 1.1% 0.9% 08:30 GBP ILO Unemployment Rate (3M) (MAY) Medium 7.80% 7.80% 08:30 GBP Employment Change (3M/3M) (MAY) Medium 82K 24K 09:00 CHF ZEW Survey (Expectations) (JUL) Medium 2.2 09:00 EUR Euro-Zone Construction Output s.a. (MoM) (MAY) Low 2.0% 09:00 EUR Euro-Zone Construction Output w.d.a. (YoY) (MAY) Low -6.6% 11:00 USD MBA Mortgage Applications (JUL 12) Low -4.00% 12:30 CAD International Securities Transactions (Canadian dollar) (MAY) Low 14.91B 12:30 USD Housing Starts (JUN) Low 950K 914K 12:30 USD Housing Starts (MoM) (JUN) Medium 3.9% 6.8% 12:30 USD Building Permits (JUN) Low 1000K 974K 12:30 USD Building Permits (MoM) (JUN) Medium 1.5% -3.1% 14:00 CAD Bank of Canada Rate Decision (JUL 17) High 1.00% 1.00% 14:00 USD Fed's Bernanke Delivers Semi-Annual Policy Report to House High 14:30 USD DOE U.S. Crude Oil Inventories (JUL 12) Low -9874K
  12. 12. 14:30 USD DOE U.S. Gasoline Inventories (JUL 12) Low -2634K 14:30 USD DOE U.S. Distillate Inventory (JUL 12) Low 3038K 14:30 USD DOE U.S. Refinery Utilization (JUL 12) Low 0.002 16:30 USD Fed's Raskin Speaks at Exchequer Club in Washington Low 18:00 USD U.S. Federal Reserve Releases Beige Book High 22:00 NZD ANZ Job Advertisements (MoM) (JUN) Low -1.7% Thu Jul 18 00:00 AUD Conference Board Leading Index (MAY) Low 0.3% 01:00 NZD ANZ Consumer Confidence Index (JUL) Low 123.9 01:00 NZD ANZ Consumer Confidence (MoM) (JUL) Low 0.20% 01:30 AUD NAB Business Confidence (2Q) Medium 2 01:30 CNY China June Property Prices Low 01:30 AUD RBA Foreign Exchange Transaction (Australian dollar) (JUN) Low 490M 01:30 AUD RBA FX Transactions Other (JUN) Low 33M 03:30 AUD RBA FX Transactions Govt. (JUN) Low 05:30 JPY Nationwide Department Store Sales (YoY) (JUN) Low 2.6% 05:30 JPY Tokyo Department Store Sales (YoY) (JUN) Low 5.1% 06:00 CHF Trade Balance (Swiss franc) (JUN) Medium 2.22B 06:00 CHF Exports (MoM) (JUN) Low 1.7% 06:00 CHF Imports (MoM) (JUN) Low 0.9% 08:00 EUR Euro-Zone Current Account s.a. (euros) (MAY) Low 19.5B 08:00 EUR Euro-Zone Current Account n.s.a. (euros) (MAY) Low 15.3B 08:30 GBP Retail Sales (MoM) (JUN) Low 0.2% 2.1% 08:30 GBP Retail Sales (YoY) (JUN) Medium 1.6% 2.1% 08:30 GBP Retail Sales w/Auto Fuel (MoM) (JUN) Low 0.4% 2.1%
  13. 13. 08:30 GBP Retail Sales w/Auto Fuel (YoY) (JUN) Medium 1.8% 1.9% 12:30 CAD Wholesale Sales (MoM) (MAY) Low 0.2% 12:30 USD Initial Jobless Claims (JUL 12) Medium 360K 12:30 USD Continuing Claims (JUL 6) Low 2977K 14:00 USD API Monthly Statistical Report Low 14:00 USD Fed's Bernanke Delivers Semi-Annual Policy Report to Senate High 14:00 USD Philadelphia Fed. (JUL) Medium 6.8 12.5 14:00 USD Leading Indicators (JUN) Medium 0.003 0.001 14:30 USD EIA Natural Gas Storage Change (JUL 12) Low 82.0 22:45 NZD Net Migration s.a. (JUN) Low 1740 23:50 JPY Japan Buying Foreign Bonds (Yen) (JUL 12) Medium ¥973.1B 23:50 JPY Japan Buying Foreign Stocks (Yen) (JUL 12) Medium -¥14.1B 23:50 JPY Foreign Buying Japan Bonds (Yen) (JUL 12) Low ¥3.5B 23:50 JPY Foreign Buying Japan Stocks (Yen) (JUL 12) Low ¥486.9B Fri Jul 19 EUR G20 Finance Ministers' and Central Bank's Deputies Meeting in Russia High EUR G20 Labour Ministers Meeting in Russia High EUR G20 Finance Ministers and Central Bank Governors Meeting in Russia High 03:00 NZD Credit Card Spending s.a. (MoM) (JUN) Low -0.6% 03:00 NZD Credit Card Spending (YoY) (JUN) Medium 2.4% 04:30 JPY All Industry Activity Index (MoM) (MAY) Medium 1.2% 0.4% 05:00 JPY Leading Index (MAY F) Medium 110.5 05:00 JPY Coincident Index (MAY F) Low 105.9 06:00 EUR German Producer Prices (MoM) (JUN) Low -0.1% -0.3% 06:00 EUR German Producer Prices (YoY) (JUN) Low 0.6% 0.2%
  14. 14. 08:30 GBP Public Finances (PSNCR) (Pounds) (JUN) Medium 3.1B 08:30 GBP PSNB ex Interventions (JUN) Medium 9.0B 8.8B 08:30 GBP Public Sector Net Borrowing (Pounds) (JUN) Medium 9.3B 10.5B 12:30 CAD Consumer Price Index (MoM) (JUN) Medium 0.1% 0.2% 12:30 CAD Consumer Price Index (YoY) (JUN) High 1.3% 0.7% 12:30 CAD Bank Canada Consumer Price Index Core (MoM) (JUN) Medium -0.3% 0.2% 12:30 CAD Bank Canada Consumer Price Index Core (YoY) (JUN) High 1.3% 1.1% 12:30 CAD Consumer Price Index s.a. (MoM) (JUN) Low 0.1% 12:30 CAD Core CPI s.a. (MoM) (JUN) Low 0.0% 12:30 CAD Consumer Price Index (JUN) Low 123.0
  15. 15. 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.

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