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Daily i-forex-report-1 by epic research 23 may 2013

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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.

Published in: Economy & Finance, Business

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  • 1. DAILY I FOREX REPORT23RDMAY 2013WWW.EPICRESEARCH.CO +91 7316642300
  • 2. WWW.EPICRESEARCH.CO +91 7316642300 US Dollar At Risk BeforeBernanke Testimony, FOMCMinutes GBP/USD Slumps Under$1.5100 as April RetailSales UnderwhelmTHE TAKEAWAY: GBP Retail Sales ex Auto Fuel (APR) > -1.4% versus +0.1% expected, from -0.7% (revised higherfrom -0.8%) (m/m), +0.2% versus +1.8% expected, from+0.4% (y/y) > Retail Sales w/ Auto Fuel (APR) > -1.3% versus+0.1% expected, from -0.6% (revised higher from -0.7%)(m/m), +0.5% versus +2.0% expected, from -0.5% (y/y) >Bank of England May meeting Minutes show split MPC overmore QE > GBPUSD BEARISHDespite a strong 1Q‟13 GDP report, it appears that theBritish economy is losing steam, in thanks to a slowdown inconsumption trends. According to the Office for NationalStatistics, the slowdown in Retail Sales can be whollyattributed to a slump in food prices in the early-2Q,exacerbated by what‟s being described as „poor weather.‟Regardless, in light of disinflating price pressures (per theApril CPI report), the slowdown in sales can be viewed as ashift towards slower growth once more.Concurrently, the Bank of England releases the Minutesfrom its May meeting as well earlier, noting the MonetaryPolicy Committee‟s concern for inflation (per the majority‟sperspective, as outgoing Governor Mervyn King wasoutvoted once more, 6-3). “There was tentative evidencethat measures of medium-term inflation expectations werebecoming more sensitive to short- term news ininflation...Financial markets were not expecting furtherasset purchases at this meeting and might, at the margin,reassess the committee‟s tolerance of elevated inflationshould additional stimulus be injected.” If inflationcontinues to fall, incoming BoE Governor Mark Carney maybe forced to implement additional policy measures, whichwould be GBP-negative.TRADING TIPS SELL EURUSD BELOW1.2900 TGT 1.2880/1.2860SL 1.2930 BUY USDJPY ABOVE 103.00TGT 103.20/103.50 SL102.70 SELL GBPUSD BELOW1.5070 TGT 1.5020/1.5000SL 1.5100HEADLINES
  • 3.  HOURLY EURUSD CHARTHOURLY EURUSD CHARTANALYSISOPEN: 1.2920 EURUSD LOOKS DOWNWARDHIGH: 1.2945 TREND: BEARISHLOW: 1.2903 STRATEGY: SELL ON RISECLOSE: 1.2939 MACD =>-.0004(BEARISH SIGNAL)RSI => 68(BEARISH SIGNAL)
  • 4. HOURLY USDJPY CHARTANALYSISOPEN: 102.43 USDJPY LOOKS UPWARDHIGH: 102.99 TREND: BULLISHLOW: 102.35 STRATEGY: BUY ON DIPSCLOSE: 102.85 MACD =>.04(BULLISH SIGNAL)RSI => 62(BULLISH SIGNAL)
  • 5. www.epicresearch.co + 91 7316642300HOURLY GBPUSD CHARTANALYSISOPEN: 1.5160 GBPUSD LOOKS DOWNWARDHIGH: 1.5174 TREND: BEARISHLOW: 1.5074 STRATEGY: SELL ON RISECLOSE: 1.5101 MACD =>-.00013(BEARISH SIGNAL)RSI => 31(BEARISH SIGNAL)
  • 6. HOURLY EURGBP CHARTANALYSISOPEN: 00.8522 EURGBP LOOKS UPWARDHIGH: 00.8577 TREND: BULLISHLOW: 00.8519 STRATEGY: BUY ON DIPSCLOSE: 00.8574 MACD =>.00005(BULLISH SIGNAL)RSI => 85(BULLISH SIGNAL)HOURLY USD INDEX CHART
  • 7. www.epicresearch.co + 91 7316642300ANALYSISOPEN: 83.7790 USDINDEX LOOKS UPWARDHIGH: 83.8870 TREND: BULLISHLOW: 83.6760 STRATEGY: BUY ON DIPSCLOSE: 83.8090 MACD =>.0291(BULLISH SIGNAL)RSI => 45(BULLISH SIGNAL)
  • 8. Date Time Currency Event Importance Actual Forecast Previous NotesSunMay 1922:30NZD PerformanceServices Index (APR)Medium 56.1 55.623:01GBP Rightmove HousePrices (MoM) (MAY)Low 2.1% 2.1%23:01GBP Rightmove HousePrices (YoY) (MAY)Low 2.5% 0.4%MonMay 20JPY Cabinet OfficeMonthly EconomicReport for MayMedium04:00JPY TokyoCondominium Sales(YoY) (APR)Low -2.8% 48.4%05:00JPY Coincident Index(MAR F)Low 93.8 93.305:00JPY Leading Index(MAR F)Medium 97.9 97.605:30JPY NationwideDepartment StoreSales (YoY) (APR)Low -0.5% 3.9%05:30JPY Tokyo DepartmentStore Sales (YoY)(APR)Low 2.1% 6.4%06:00JPY Machine ToolOrders (YoY) (APR F)Medium -23.6% -24.1%07:00JPY ConvenienceStore Sales (YoY)(APR)Low -2.6% -0.4%12:30USD Chicago Fed NatActivity Index (APR)Medium -0.53 -0.2317:00USD Feds EvansSpeaks on Economy inChicagoLowTueMay 2100:00AUD Conference BoardLeading Index (MAR)Medium 0.1% 0.3%01:30AUD RBA PolicyMeeting - May MinutesHigh03:00NZD Reserve Bank ofNew Zealand 2-YearInflation Expectation(2Q)Medium 2.06% 2.17%03:00NZD Credit CardSpending s.a. (MoM)(APR)Medium 0.4% -0.3%03:00NZD Credit CardSpending (YoY) (APR)Medium 4.0% 3.6%04:30JPY All Industry ActivityIndex (MoM) (MAR)Medium -0.4% 0.6%05:00JPY SupermarketSales (YoY) (APR)Low 1.7%ECONOMIC CALLENDER
  • 9. 06:00EUR German ProducerPrices (MoM) (APR)Low -0.1% -0.2%06:00EUR German ProducerPrices (YoY) (APR)Low 0.1% 0.4%07:00CHF Money Supply M3(YoY) (APR)Low 9.9%08:30GBP Producer PriceIndex Input n.s.a.(MoM) (APR)Low -1.3% -0.1%08:30GBP Producer PriceIndex Input n.s.a. (YoY)(APR)Low 0.3% 0.4%08:30GBP Producer PriceIndex Output n.s.a.(MoM) (APR)Low 0.2% 0.3%08:30GBP Producer PriceIndex Output n.s.a.(YoY) (APR)Medium 1.4% 2.0%08:30GBP Producer PriceIndex Output Coren.s.a. (MoM) (APR)Low 0.3% 0.1%08:30GBP Producer PriceIndex Output Coren.s.a. (YoY) (APR)Medium 0.9% 1.3%08:30GBP DCLG UK HousePrices (YoY) (MAR)Low 2.0% 1.9%08:30GBP Consumer PriceIndex (MoM) (APR)Medium 0.4% 0.3%08:30GBP Consumer PriceIndex (YoY) (APR)High 2.6% 2.8%08:30GBP Core ConsumerPrice Index (YoY)(APR)High 2.3% 2.4%08:30GBP Retail Price Index(APR)Low 249.9 248.708:30GBP Retail Price Index(MoM) (APR)Low 0.5% 0.4%08:30GBP Retail Price Index(YoY) (APR)Low 3.1% 3.3%08:30GBP Retail Price IndexEx Mort Int.Payments(YoY) (APR)Low 3.0% 3.2%15:30USD Feds BullardSpeaks on MonetaryPolicy in FrankfurtLow17:00USD Feds DudleySpeaks in New YorkLow22:45NZD Net Migration s.a.(APR)Low 122023:50JPY MerchandiseTrade Balance Total(Yen) (APR)Medium -¥637.3B -¥362.4B23:50JPY AdjustedMerchandise TradeLow -¥605.8B -¥922.0B
  • 10. Balance (Yen) (APR)23:50JPY MerchandiseTrade Exports (YoY)(APR)Low 5.5 1.1WedMay 22JPY Bank of JapanRate Decision (MAY22)High 0.10% 0.10%JPY BOJ Kuroda PressConference After PolicyMeetingHigh00:30AUD WestpacConsumer Confidence(MAY)Medium -5.1%00:30AUD WestpacConsumer ConfidenceIndex (MAY)Low 104.901:00AUD DEWR InternetSkilled Vacancies(MoM) (APR)Low 0.1%04:00JPY Bank of JapanMonetary PolicyStatementMedium08:00EUR Euro-ZoneCurrent Account s.a.(euros) (MAR)Low 16.3B08:00EUR Euro-ZoneCurrent Account n.s.a.(euros) (MAR)Low 12.1B08:30GBP Bank of EnglandMinutesHigh08:30GBP Retail Sales(MoM) (APR)Low 0.1% -0.8%08:30GBP Retail Sales (YoY)(APR)Medium 1.8% 0.4%08:30GBP Retail Salesw/Auto Fuel (MoM)(APR)Low 0.1% -0.7%08:30GBP Retail Salesw/Auto Fuel (YoY)(APR)Medium 2.0% -0.5%08:30GBP Public Finances(PSNCR) (Pounds)(APR)Medium -4.0B 31.3B08:30GBP PSNB exInterventions (APR)Medium 8.5B 15.1B08:30GBP Public Sector NetBorrowing (Pounds)(APR)Medium 8.8B 16.7B10:00GBP CBI Trends TotalOrders (MAY)Low -17 -2510:00GBP CBI TrendsSelling Prices (MAY)Low 5 811:00USD MBA MortgageApplications (MAY 17)Low -7.3%12:30CAD Retail Sales(MoM) (MAR)Medium 0.2% 0.8%
  • 11. 12:30CAD Retail Sales LessAutos (MoM) (MAR)Low 0.2% 0.7%14:00USD Feds BernankeTestifies on EconomicOutlookHigh14:00USD Existing HomeSales (APR)Low 4.99M 4.92M14:00USD Existing HomeSales (MoM) (APR)Medium 1.3% -0.6%14:30USD DOE U.S. CrudeOil Inventories (MAY17)Low -624K14:30USD DOE Cushing OKCrude Inventory (MAY17)Low 575K14:30USD DOE U.S.Gasoline Inventories(MAY 17)Low 2588K14:30USD DOE U.S.Distillate Inventory(MAY 17)Low 2300K18:00USD Fed ReleasesMinutes from Apr 30 -May 1 FOMC MeetingHigh23:50JPY MerchandiseTrade Imports (YoY)(APR)Low 6.9 5.523:50JPY Japan BuyingForeign Bonds (Yen)(MAY 17)Medium ¥186.4B23:50JPY Japan BuyingForeign Stocks (Yen)(MAY 17)Medium ¥19.2B23:50JPY Foreign BuyingJapan Bonds (Yen)(MAY 17)Low -¥413.5BThuMay 2301:00AUD ConsumerInflation Expectation(MAY)Medium 2.20%01:45LIVECNY HSBC FlashManufacturing PMI(MAY)Medium 50.4 50.405:00JPY Bank of JapansMonthly EconomicReport for May (Table)Medium07:00EUR FrenchPurchasing ManagerIndex Manufacturing(MAY P)Low 44.8 44.407:00EUR FrenchPurchasing ManagerIndex Services (MAYP)Low 44.5 44.307:30EUR GermanPurchasing ManagerIndex Manufacturing(MAY A)Medium 48.5 48.107:30EUR GermanPurchasing ManagerIndex Services (MAYMedium 50.0 49.6
  • 12. A)08:00LIVEEUR Euro-ZonePurchasing ManagerIndex Manufacturing(MAY A)Medium 47.0 46.708:00LIVEEUR Euro-ZonePurchasing ManagerIndex Services (MAYA)Medium 47.2 47.008:00LIVEEUR Euro-ZonePurchasing ManagerIndex Composite (MAYA)Medium 47.2 46.908:30GBP Gross DomesticProduct (QoQ) (1Q P)High 0.3% 0.3%08:30GBP Gross DomesticProduct (YoY) (1Q P)High 0.6% 0.6%08:30GBP PrivateConsumption (1Q P)Low 0.3% 0.4%08:30GBP GovernmentSpending (1Q P)Low 0.2% 0.6%08:30GBP Gross FixedCapital Formation (1QP)Low 0.3% -0.2%08:30 GBP Exports (1Q P) Low -1.0% -1.6%08:30 GBP Imports (1Q P) Low -0.9% -1.0%08:30GBP Total BusinessInvestment (QoQ) (1QP)Low -0.8%08:30GBP Total BusinessInvestment (YoY) (1QP)Medium 0.8%08:30GBP Index of Services(MoM) (MAR)Low 0.1% 0.8%08:30GBP Index of Services(3Mo3M) (MAR)Low 0.6% 0.1%10:05USD Feds Bullard toSpeak on MonetaryPolicy in LondonLow12:30USD Initial JoblessClaims (MAY 18)Medium 346K 360K12:30USD Continuing Claims(MAY 17)Low 3000K 3009K12:58USD Markit US PMIPreliminary (MAY)Medium 5213:00USD House Price Index(MoM) (MAR)Medium 0.80% 0.70%13:00USD House PricePurchase Index (QoQ)(1Q)Low 1.40%
  • 13. 14:00EUR Euro-ZoneConsumer Confidence(MAY A)Medium -21.8 -22.314:00USD New Home Sales(APR)Low 425K 417K14:00USD New Home Sales(MoM) (APR)Medium 1.90% 1.50%14:30USD EIA Natural GasStorage Change (MAY17)Low 9915:00USD Kansas City FedManf. Activity (MAY)Low -5 -522:45NZD Trade Balance(New Zealand dollars)(APR)Medium 480M 718M22:45NZD Exports (NewZealand dollars) (APR)Low 4.06B 4.42B22:45NZD Imports (NewZealand dollars) (APR)Low 3.60B 3.70B23:50JPY Foreign BuyingJapan Stocks (Yen)(MAY 17)Low ¥878.8BFriMay 24EUR German GrossDomestic Product s.a.(QoQ) (1Q F)Medium 0.1% 0.1%01:35CNY MNI May FlashBusiness SentimentIndicatorLow02:55JPY Bank of JapanGovernor Kurodaspeech at NikkeiConferenceLow04:00USD Revisions: NewHome SalesLow06:00EUR German GrossDomestic Productw.d.a. (YoY) (1Q F)High -0.2% -0.2%06:00EUR German GrossDomestic Productn.s.a. (YoY) (1Q F)High -1.4% -1.4%06:00EUR German DomesticDemand (1Q)Low 0.1% 0.2%06:00EUR German Exports(1Q)Low -0.6% -2.0%06:00EUR German CapitalInvestment (1Q)Low -0.7% -0.7%06:00EUR GermanGovernment Spending(1Q)Low 0.3% 0.4%06:00EUR GermanConstructionInvestment (1Q)Low -1.2% -0.1%06:00EUR German Imports(1Q)Low -0.9% -0.6%
  • 14. 06:00EUR German PrivateConsumption (1Q)Low 0.3% 0.1%06:00EUR German GfKConsumer ConfidenceSurvey (JUN) (JUN)Medium 6.2 6.208:00EUR German IFO -Business Climate(MAY)Medium 104.4 104.408:00EUR German IFO -Current Assessment(MAY)Medium 107.2 107.208:00EUR German IFO -Expectations (MAY)Medium 101.6 101.608:30GBP BBA Loans forHouse Purchase (APR)Medium 32800 3122712:30LIVEUSD Durable GoodsOrders (APR)High 1.7% -5.7%12:30USD Durables ExTransportation (APR)Medium 0.5% -1.4%12:30USD Cap GoodsOrders Nondef Ex Air(APR)Low 0.5% 0.2%12:30USD Cap Goods ShipNondef Ex Air (APR)Low 0.3%22:45NZD Balance (YTD)(New Zealand dollars)(APR)Medium -380M -525M
  • 15. 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