DAILY IFOREX REPORT
04th
SEP 2013
 Aussie, Pound Lead; US Dollar Holds
Gains Despite Misleading Syrian Report
 Gold, Crude Oil Look to US ISM Data for
Dir...
 HOURLY EURUSD CHARTHOURLY EURUSD CHART
ANALYSIS
EURUSD LOOKS DOWNWARD
TREND: BEARISH
STRATEGY: SELL ON RISE
MACD =>.0003...
HOURLY USDJPY CHART
ANALYSIS
USDJPY LOOKS UPWARD
TREND: BULLISH
STRATEGY: BUY ON DIPS
MACD =>.10(BULLISH SIGNAL)
RSI =>55(...
HOURLY GBPUSD CHART
ANALYSIS
GBPUSD LOOKS UPWARD
TREND: BULLISH
STRATEGY: BUY ON DIPS
MACD =>.0004(BULLISH SIGNAL)
RSI =>4...
HOURLY EURGBP CHART
ANALYSIS
EURGBP LOOKS DOWNWARD
TREND: BEARISH
STRATEGY: SELL ON RISE
MACD =>.0004(BEARISH SIGNAL)
RSI ...
HOURLY USD INDEX CHART
ANALYSIS
USD INDEX LOOKS UPWARD
TREND: BULLISH
STRATEGY: BUY ON DIPS
MACD =>.0001(BULLISH SIGNAL)
R...
Date Time Currency Event Importance Actual Forecast Previous Notes
Sun
Sep 1
01:00
CNY Manufacturing
PMI
Medium 51.0 50.6 ...
07:50
EUR French
Purchasing Manager
Index Manufacturing
(AUG F)
Low 49.7 49.7 49.7
07:55
EUR German
Purchasing Manager
Ind...
09:00
EUR Euro-Zone
Producer Price Index
(MoM) (JUL)
Low 0.1% 0.0%
09:00
EUR Euro-Zone
Producer Price Index
(YoY) (JUL)
Lo...
09:00
EUR Euro-Zone
Government
Expenditure (QoQ) (2Q
P)
Low -0.1%
09:00
EUR Euro-Zone Gross
Fixed Capital (QoQ)
(2Q P)
Low...
12:15
USD ADP Employment
Change (AUG)
Medium 180K 200K
12:30
USD Initial Jobless
Claims (AUG 31)
Medium 330K 331K
12:30
US...
07:00
CHF Foreign Currency
Reserves (AUG)
Low 434.9B
07:15
CHF CPI EU
Harmonized (YoY)
(AUG)
Medium 0.5%
07:15
CHF Consume...
12:30
USD Labor Force
Participation Rate
(AUG)
Medium 63.4%
12:30
USD Underemployment
Rate (AUG)
Medium 14.0%
12:30
CAD Pa...
Disclaimer
The information and views in this report, our website & all the service we provide are believed to be reliable,...
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Daily i-forex-report-4-sep-2013

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Daily i-forex-report-4-sep-2013

  1. 1. DAILY IFOREX REPORT 04th SEP 2013
  2. 2.  Aussie, Pound Lead; US Dollar Holds Gains Despite Misleading Syrian Report  Gold, Crude Oil Look to US ISM Data for Direction Cues Commodity prices are little-changed in European trade as investors look past a quiet local economic calendar toward the US data docket, where the release of Augusts’ ISM Manufacturing gauge begins a busy week of high-profile releases amid swirling Fed “taper” speculation. Economists’ forecasts point to a slight slowdown in factory-sector activity after the measure hit a 25-month high in July. A soft print that is seen as limiting the scope for stimulus reduction is likely to boost risk appetite, offering cycle- sensitive commodities. It is likewise likely to weigh on the US Dollar, generating a corollary advance in the precious metals space. Needless to say, an upside surprise will probably produce the inverse dynamic. It is also important to keep in mind that crude oiland gold remain sensitive to headline risk surrounding the developing situation in Syria. Signs of imminent Western intervention are likely to drive fears of a wider conflict, boosting prices (and vice versa). TRADING TIPS  SELL EURUSD BELOW 1.3160 TGT 1.3140/1.3110 SL 1.3190  BUY USDJPY ABOVE 99.80 TGT 100.00/100.30 SL 99.50  BUY GBPUSD ABOVE 1.5600 TGT 1.5620/1.5650 SL 1.5570 HEADLINES
  3. 3.  HOURLY EURUSD CHARTHOURLY EURUSD CHART ANALYSIS EURUSD LOOKS DOWNWARD TREND: BEARISH STRATEGY: SELL ON RISE MACD =>.0003(BEARISH SIGNAL) RSI => 31(BEARISH SIGNAL)
  4. 4. HOURLY USDJPY CHART ANALYSIS USDJPY LOOKS UPWARD TREND: BULLISH STRATEGY: BUY ON DIPS MACD =>.10(BULLISH SIGNAL) RSI =>55(BULLISH SIGNAL)
  5. 5. HOURLY GBPUSD CHART ANALYSIS GBPUSD LOOKS UPWARD TREND: BULLISH STRATEGY: BUY ON DIPS MACD =>.0004(BULLISH SIGNAL) RSI =>46(BULLISH SIGNAL)
  6. 6. HOURLY EURGBP CHART ANALYSIS EURGBP LOOKS DOWNWARD TREND: BEARISH STRATEGY: SELL ON RISE MACD =>.0004(BEARISH SIGNAL) RSI =>30(BEARISH SIGNAL)
  7. 7. HOURLY USD INDEX CHART ANALYSIS USD INDEX LOOKS UPWARD TREND: BULLISH STRATEGY: BUY ON DIPS MACD =>.0001(BULLISH SIGNAL) RSI =>62(BULLISH SIGNAL)
  8. 8. Date Time Currency Event Importance Actual Forecast Previous Notes Sun Sep 1 01:00 CNY Manufacturing PMI Medium 51.0 50.6 50.3 22:45 NZD Terms of Trade Index (QoQ) (2Q) Medium 4.9% 3.8% 4.2% 23:01 GBP Hometrack Housing Survey (MoM) (AUG) Low 0.4% 0.3% 23:01 GBP Hometrack Housing Survey (YoY) (AUG) Low 1.8% 1.3% 23:30 AUD AiG Performance of Manufacturing Index (AUG) Medium 46.4 42.0 23:50 JPY Capital Spending (2Q) Medium 0.0% -2.1% -3.9% 23:50 JPY Capital Spending excl Software (2Q) Medium 1.4% -3.8% -5.2% 23:50 JPY Company Profits (2Q) Low 24.0% 6.0% 23:50 JPY Company Sales (2Q) Low -0.5% -5.8% Mon Sep 2 00:00 AUD RPData/Rismark House Px (AUG) Low 0.5% 1.6% 00:30 AUD TD Securities Inflation (MoM) (AUG) Low 0.1% 0.5% 00:30 AUD TD Securities Inflation (YoY) (AUG) Low 2.1% 2.7% 01:30 AUD Building Approvals (MoM) (JUL) Low 10.8% 4.0% -6.3% 01:30 AUD Building Approvals (YoY) (JUL) Low 28.3% 20.0% -11.8% 01:30 AUD Company Operating Profit (QoQ) (2Q) Low -0.8% 0.9% 3.5% 01:30 AUD Inventories (2Q) Low 0.2% 0.1% -0.5% 01:45 CNY HSBC/Markit Manufacturing PMI (AUG) Medium 50.1 50.2 47.7 05:00 JPY Vehicle Sales (YoY) (AUG) Low -6.4% -13.5% 06:30 AUD RBA Commodity Index (AUG) Low 94.3 91.8 06:30 AUD RBA Commodity Index SDR (YoY) (AUG) Low -7.3% 9.7% 07:30 CHF PMI Manufacturing (AUG) Low 54.6 56.0 57.4 07:45 EUR Italian Purchasing Manager Index Manufacturing (AUG) Low 51.3 50.8 50.4 ECONOMIC CALLENDER
  9. 9. 07:50 EUR French Purchasing Manager Index Manufacturing (AUG F) Low 49.7 49.7 49.7 07:55 EUR German Purchasing Manager Index Manufacturing (AUG F) Medium 51.8 52.0 52.0 08:00 EUR Euro-Zone Purchasing Manager Index Manufacturing (AUG F) Medium 51.4 51.3 51.3 08:30 GBP BoE Publishes Data on Funding for Lending Medium 08:30 GBP Purchasing Manager Index Manufacturing (AUG) Medium 57.2 55.0 54.8 09:00 EUR Schaeuble Briefs on Greek Aid Package 3 Medium 11:20 EUR ECB's Coeure Speaks in Berlin on OMT Proram Low 11:30 GBP BoE Governor Mark Carney Press Briefing Before G20 Summit Medium 23:01 GBP BRC Sales Like- For-Like (YoY) (AUG) Low 2.4% 2.2% 23:50 JPY Monetary Base (YoY) (AUG) Medium 38% 23:50 JPY Monetary Base End of period (AUG) Low ¥173.3T Tue Sep 3 GBP Halifax House Price (3MoY) (AUG) Low 5.6% 4.6% GBP Halifax Plc House Prices s.a. (MoM) (AUG) Low 0.8% 0.9% 01:00 CNY Non- manufacturing PMI (AUG) Medium 54.1 01:00 NZD ANZ Commodity Price (AUG) Low 0.6% 01:30 AUD Current Account Balance (Australian Dollar) (2Q) Medium -8.5B -8.5B 01:30 AUD Retail Sales s.a. (MoM) (JUL) Medium 0.4% 0.0% 01:30 AUD Net Exports of GDP (2Q) Low 0.1 1 01:30 JPY Labor Cash Earnings (YoY) (JUL) Low 0.6% 04:30 LIVE AUD Reserve Bank of Australia Rate Decision (SEP 3) High 2.5% 2.5% 05:45 CHF Gross Domestic Product (YoY) (2Q) High 1.7% 1.2% 05:45 CHF Gross Domestic Product (QoQ) (2Q) Medium 0.3% 0.6% 08:30 GBP Purchasing Manager Index Construction (AUG) Medium 56.9 57.0
  10. 10. 09:00 EUR Euro-Zone Producer Price Index (MoM) (JUL) Low 0.1% 0.0% 09:00 EUR Euro-Zone Producer Price Index (YoY) (JUL) Low 0.1% 0.3% 12:58 USD Markit US PMI Final (AUG) Medium 54.0 14:00 USD ISM Manufacturing (AUG) High 54 55.4 14:00 USD Construction Spending (MoM) (JUL) Medium 0.3% -0.6% 14:00 USD ISM Prices Paid (AUG) Medium 51.2 49 14:00 USD IBD/TIPP Economic Optimism (SEP) Low 46 45.1 21:00 USD EIA Gasoline and Diesel Fuel Update (2Q) Low 22:45 NZD Value of All Buildings s.a. (QoQ) (AUG) Low 5.8% 23:01 GBP BRC Shop Price Index (YoY) (AUG) Low -0.5% 23:30 AUD AiG Performance of Service Index (AUG) Medium 39.4 Wed Sep 4 01:30 LIVE AUD Gross Domestic Product (QoQ) (2Q) High 0.6% 0.6% 01:30 LIVE AUD Gross Domestic Product (YoY) (2Q) High 2.5% 2.5% 01:45 CNY HSBC/Markit Services PMI (AUG) Medium 51.3 07:45 EUR Italian Purchasing Manager Index Services (AUG) Low 48.7 07:50 EUR French Purchasing Manager Index Services (AUG F) Low 47.7 47.7 07:55 EUR German Purchasing Manager Index Services (AUG F) Medium 52.4 52.4 08:00 EUR Euro-Zone Purchasing Manager Index Composite (AUG F) Medium 51.7 51.7 08:00 EUR Euro-Zone Purchasing Manager Index Services (AUG F) Medium 51 51 08:30 GBP Purchasing Manager Index Services (AUG) Medium 59 60.2 08:30 GBP Official Reserves (Changes) (AUG) Low $1672M 09:00 EUR Euro-Zone Gross Domestic Product s.a. (QoQ) (2Q P) High 0.3% 0.3% 09:00 EUR Euro-Zone Gross Domestic Product s.a. (YoY) (2Q P) High -0.7% -0.7% 09:00 EUR Euro-Zone Retail Sales (YoY) (JUL) Medium -0.3% -0.9%
  11. 11. 09:00 EUR Euro-Zone Government Expenditure (QoQ) (2Q P) Low -0.1% 09:00 EUR Euro-Zone Gross Fixed Capital (QoQ) (2Q P) Low -1.6% 09:00 EUR Euro-Zone Household Consumption (QoQ) (2Q P) Low 0.1% 09:00 EUR Euro-Zone Retail Sales (MoM) (JUL) Low 0.4% -0.5% 11:00 USD MBA Mortgage Applications (AUG 30) Low -2.5% 11:30 USD Challenger Job Cuts (YoY) (AUG) Low 2.3% 12:30 USD Trade Balance (JUL) Medium -$38.6B -$34.2B 12:30 CAD International Merchandise Trade (Canadian dollar) (JUL) Low -0.40B -0.47B 13:45 USD ISM New York (AUG) Low 67.8 14:00 CAD Bank of Canada Rate Decision (SEP 4) High 1.00% 1.00% 16:30 USD Fed's Williams Speaks on Monetary Policy in Oregon Low 18:00 USD US Federal Reserve Releases Beige Book High 21:00 USD Domestic Vehicle Sales (AUG) Low 12.20M 12.09M 21:00 USD Total Vehicle Sales (AUG) Low 15.80M 15.60M Thu Sep 5 JPY BOJ 2014 Monetary Base Target (SEP 5) High ¥270T JPY Bank of Japan Rate Decision (SEP 5) High 00:00 USD Fed's Kocherlakota Speaks in Wisconsin Low 01:30 AUD Trade Balance (Australian dollar) (JUL) Medium 100M 602M 10:00 EUR German Factory Orders n.s.a. (YoY) (JUL) Medium 2.7% 4.3% 10:00 EUR German Factory Orders s.a. (MoM) (JUL) Low -1.0% 3.8% 11:00 LIVE GBP Bank of England Rate Decision (SEP 5) High 0.5% 0.5% 11:00 LIVE GBP BoE Asset Purchase Target (SEP) High 375B 375B 11:45 LIVE EUR European Central Bank Rate Decision (SEP 5) High 0.5% 0.5% 11:45 LIVE EUR ECB Deposit Facility Rate (SEP 5) Medium 0.0% 0.0%
  12. 12. 12:15 USD ADP Employment Change (AUG) Medium 180K 200K 12:30 USD Initial Jobless Claims (AUG 31) Medium 330K 331K 12:30 USD Continuing Claims (AUG 24) Low 2989K 12:30 USD Non-Farm Productivity (2Q F) Low 1.5% 0.9% 12:30 USD Unit Labor Costs (2Q F) Low 1.0% 1.4% 13:00 USD Fed's Kocherlakota Speaks in Wisconsin Low 14:00 USD Factory Orders (JUL) Medium -3.50% 1.50% 14:00 USD ISM Non- Manufacutring Composite (AUG) Medium 55 56 15:00 USD DOE U.S. Crude Oil Inventories (AUG 30) Low 2986K 15:00 USD DOE U.S. Distillate Inventory (AUG 30) Low -316K 15:00 USD DOE U.S. Gasoline Inventories (AUG 30) Low -587K 23:30 AUD AiG Performance of Construction Index (AUG) Medium 44.1 23:50 JPY Official Reserve Assets (AUG) Low $1254.0B Fri Sep 6 GBP New Car Registrations (YoY) (AUG) Low 12.7% 05:00 JPY Bank of Japan's Monthly Economic Report for September Medium 05:00 JPY Coincident Index (JUL P) Medium 106.9 105.5 05:00 JPY Leading Index (JUL P) Medium 107.9 107.2 06:00 EUR German Trade Balance (euros) (JUL) Medium 16.3B 16.9B 06:00 EUR German Current Account (euros) (JUL) Low 14.0B 17.3B 06:00 EUR German Exports s.a. (MoM) (JUL) Low 0.8% 0.6% 06:00 EUR German Imports s.a. (MoM) (JUL) Low 0.7% -0.8% 06:00 EUR German Labor Costs s.a. (QoQ) (2Q) Low 1.1% 06:00 EUR German Labor Costs w.d.a. (YoY) (2Q) Low 3.9% 06:30 AUD Foreign Reserves (Australian dollar) (AUG) Low A$55.5B
  13. 13. 07:00 CHF Foreign Currency Reserves (AUG) Low 434.9B 07:15 CHF CPI EU Harmonized (YoY) (AUG) Medium 0.5% 07:15 CHF Consumer Price Index (YoY) (AUG) Medium 0.0% 0.0% 07:15 CHF Industrial Production (YoY) (2Q) Medium 3.0% 07:15 CHF CPI EU Harmonized (MoM) (AUG) Low 0.0% 07:15 CHF Consumer Price Index (MoM) (AUG) Low 0.0% -0.4% 08:30 GBP BoE/GfK Inflation Next 12 Mths (AUG) Medium 3.6% 08:30 GBP Industrial Production (YoY) (JUL) Medium -1.7% 1.2% 08:30 GBP Manufacturing Production (YoY) (JUL) Medium -0.7% 2.0% 08:30 GBP Total Trade Balance (Pounds) (JUL) Medium -£1700 -£1548 08:30 GBP Industrial Production (MoM) (JUL) Low 0.0% 1.1% 08:30 GBP Manufacturing Production (MoM) (JUL) Low 0.3% 1.9% 08:30 GBP Trade Balance Non EU (Pounds) (JUL) Low -£2950 -£2646 08:30 GBP Visible Trade Balance (Pounds) (JUL) Low -£8200 -£8082 10:00 EUR German Industrial Production n.s.a. and w.d.a. (YoY) (JUL) Medium 0.6% 2.0% 10:00 EUR German Industrial Production s.a. (MoM) (JUL) Low -0.5% 2.4% 12:00 USD Fed's Evans Speaks in South Carolina Low 12:30 CAD Net Change in Employment (AUG) High 30.0K -39.4K 12:30 CAD Unemployment Rate (AUG) High 7.2% 7.2% 12:30 LIVE USD Change in Non- farm Payrolls (AUG) High 180K 162K 12:30 LIVE USD Unemployment Rate (AUG) High 7.4% 7.4% 12:30 CAD Full Time Employment Change (AUG) Medium -18.3 12:30 USD Average Hourly Earnings (YoY) (AUG) Medium 2.0% 1.9% 12:30 USD Change in Private Payrolls (AUG) Medium 175K 161K
  14. 14. 12:30 USD Labor Force Participation Rate (AUG) Medium 63.4% 12:30 USD Underemployment Rate (AUG) Medium 14.0% 12:30 CAD Part Time Employment Change (AUG) Low -21.2 12:30 CAD Participation Rate (AUG) Low 66.5 12:30 USD Average Hourly Earnings (MoM) (AUG) Low 0.2% -0.1% 12:30 USD Average Weekly Hours All Employees (AUG) Low 34.5 34.4 12:30 USD Change in Household Employment (AUG) Low 227K 12:30 USD Change in Manufacturing Payrolls (AUG) Low 5K 6K 12:30 USD Two-Month Payroll Net Revision (AUG) Low 14:00 GBP NIESR Gross Domestic Product Estimate (AUG) High 0.7% 14:00 CAD Ivey Purchasing Managers Index s.a. (AUG) Medium 54 48.4 17:30 USD Fed's George Speaks on the Economy in Nebraska Low
  15. 15. 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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