1. DAILY I FOREX REPORT
1ST MARCH 2013
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2. HEADLINES
 US Dollar Edging Lower,
S&P 500 Rebound Seen As
Corrective
 Dollar Suffers As Bernanke
Sparks Risk Rally, FX War
Talk Builds
TRADING TIPS  Forex: Bernanke Sparks
Rally For Yen Crosses And
 BUY EURUSD ABOVE S&P 500, Will It Last?
1.3165 tgs
1.3180/1.3200 sl 1.3135 Forex: Euro at Risk on ECB Easing
Bets, Yen Eyes US GDP Revision
 SELL USDJPY BELOW
The preliminary set of February German
92.00 tgt 91.80/91.60 CPI data is in focus in European hours.
Expectations call for the year-on-year
SL 92.30 inflation rate to hold at 1.7 percent,
unchanged from the prior month. A
downside surprise may weigh
 SELL GBPUSD BELOW particularly heavily on the Euro after
yesterday’s comments from ECB
1.5150 tgt
President Mario Draghi, who said the
1.5130/1.5110 SL central bank was far from abandoning
its accommodative posture. With that in
1.5180 mind, a drop in inflation may stoke
easing expectations, undercutting yield-
based support for the single currency.
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3.  HOURLY EURUSD CHART
HOURLY EURUSD CHART

ANALYSIS
OPEN: 1.3155
HIGH: 1.3158
LOW: 1.3106
CLOSE: 1.3113
 EURUSD LOOKS UPWARD
 TREND : BULLISH
 STRATEGY: BUY ON DEEPS
 MACD =>-.0006(BULLISH SIGNAL)
 RSI => 45(BULLISH SIGNAL)

4. HOURLY USDJPY CHART
 HOURLY USDJPY CHART
ANALYSIS
OPEN: 92.32
HIGH: 92.67
LOW: 92.01
CLOSE: 92.18
 USDJPY LOOKS DOWNWARD
 TREND: BEARISH
 STRATEGY: SELL ON RISE
 MACD => -0.02( BEARISH SIGNAL)
 RSI =>49(BEARISH SIGNAL)

5.  HOURLY GBPUSD CHART
HOURLY GBPUSD CHART
ANALYSIS
OPEN: 1.5165
HIGH: 1.5205
LOW: 1.5152
CLOSE: 1.5164
 GBPUSD LOOKS DOWNWARD
 TREND: BULLISH
 STRATEGY: SELL ON RISE
 MACD => .001( BEARISH SIGNAL)
 RSI => 54(BEARIISH SIGNAL)

6. HOURLY EURGBP CHART
HOURLY EURGBP CHART
ANALYSIS
OPEN: 0.8673
HIGH: 0.8675
LOW: 0.8637
CLOSE: 0.8643
 EURGBP LOOKS DOWNWARDS
 TREND: BEARISH
 STRATEGY: SELL ON RISE
 MACD =>-.003(BEARISH SIGNAL)
 RSI =>41(BEARISH SIGNAL)
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7. HOURLY USDINDEX CHART
ANALYSIS
OPEN: 81.5080
HIGH: 81.6600
LOW: 81.4740
CLOSE: 81.6140
 USDINDEX LOOKS UPWARD
 TREND: BULLISH
 STRATEGY: BUY ON DEEPS
 MACD =>0.217(BULLISH SIGNAL)
 RSI =>54(BULLISH SIGNAL)

8. ECONOMIC CALENDER
Date Time Currency Event Importance Actual Forecast Previous Notes
CNY HSBC Flash
Mon
01:45 Manufacturing PMI Medium 50.4 52.2 52.3
Feb 25
(FEB)
GBP BBA Loans for
09:30 Medium 32288 34000 33440
House Purchase (JAN)
EUR Italy to Sell 2014
10:00 Bonds and 2021, 2026 Medium
I/L Bonds
USD Chicago Fed Nat
13:30 Medium 0.02
Activity Index (JAN)
EUR Italian Voting
14:00 Ends, Exit Polls to be High
Released
USD Dallas Fed
15:30 Manufacturing Activity Low 3.0 5.5
(FEB)
RBA Assistant
Governor Debelle
21:15 Low
Addresses Business
School
AUD APEC Finance
Tue
Feb 26
and Central Bank Medium
Deputies' Meeting
USD Fed's Lockhart
00:00 Speaks on Economy in Low
Tennessee
GBP Hometrack
Housing Survey (YoY) Low -0.3%
(FEB)
GBP Hometrack
Housing Survey (MoM) Low 0.0%
(FEB)
NZD Reserve Bank of
New Zealand 2-Year
02:00 High 2.3%
Inflation Expectation
(1Q)
JPY Small Business
05:00 Medium 44.3
Confidence (FEB)
GBP CBI Reported
11:00 Low 16 17
Sales (FEB)
USD House Price
14:00 Purchase Index (QoQ) Medium 1.1%
(4Q)
USD House Price Index
14:00 Medium 0.6% 0.6%
(MoM) (DEC)
USD S&P/Case-Shiller
14:00 US Home Price Index Low 7.00% 3.64%
(YoY) (4Q)

9. USD S&P/Case-Shiller
14:00 US Home Price Index Low 135.67
(4Q)
USD S&P/Case-Shiller
14:00 Home Price Index Low 145.82
(DEC)
USD S&P/Case-Shiller
14:00 Composite-20 (YoY) Low 6.6% 5.52%
(DEC)
USD S&P/CS 20 City
14:00 Low 0.6% 0.63%
s.a. (MoM) (DEC)
USD Fed's Bernanke
15:00 Testifies at Senate High
Banking Committee
USD Consumer
15:00 High 62 58.6
Confidence (FEB)
USD New Home Sales
15:00 Medium 3.0% -7.3%
(MoM) (JAN)
USD Richmond Fed
15:00 Manufacturing Index Low -3 -12
(FEB)
USD New Home Sales
15:00 Low 380K 369K
(JAN)
NZD Trade Balance
21:45 (New Zealand dollars) Medium 125M 486M
(JAN)
NZD Balance (YTD)
21:45 (New Zealand dollars) Medium -897M -1208M
(JAN)
NZD Net Migration s.a.
21:45 Low 0
(JAN)
NZD Imports (New
21:45 Low 3.50B 3.58B
Zealand dollars) (JAN)
NZD Exports (New
21:45 Low 3.60B 4.07B
Zealand dollars) (JAN)
JPY Retail Trade (YoY)
23:50 Medium -1.6% 0.3%
(JAN)
JPY Large Retailers'
23:50 Medium -0.8% 0.1%
Sales (JAN)
JPY Retail Trade
23:50 Low 0.8% 0.0%
(MoM) (JAN)
Wed AUD Construction
Feb 27
00:30 Low 1.5% 1.7%
Work Done (4Q)
EUR German GfK
07:00 Consumer Confidence Medium 5.9 5.8
Survey (Mar)
CHF UBS Consumption
07:00 Medium 1.34
Indicator (JAN)
EUR German Import
07:00 Price Index (YoY) Low -0.4% 0.3%
(JAN)
EUR German Import
07:00 Price Index (MoM) Low 0.5% -0.5%
(JAN)

10. CHF KOF Swiss
08:00 Medium 1.00 1.05
Leading Indicator (FEB)
EUR Euro-Zone M3
09:00 Low 3.2% 3.3%
s.a. (YoY) (JAN)
GBP Gross Domestic
09:30 High 0.0% 0.0%
Product (YoY) (4Q P)
GBP Gross Domestic
09:30 High -0.3% -0.3%
Product (QoQ) (4Q P)
GBP Total Business
09:30 Investment (YoY) (4Q Medium 5.1%
P)
GBP Gross Fixed
09:30 Capital Formation (4Q Low 0.2% -0.2%
P)
GBP Government
09:30 Low 0.1% 0.8%
Spending (4Q P)
09:30 GBP Exports (4Q P) Low -0.6% 1.2%
GBP Total Business
09:30 Investment (QoQ) (4Q Low 3.8%
P)
GBP Private
09:30 Low -0.1% 0.4%
Consumption (4Q P)
GBP Index of Services
09:30 Low 0.0% 0.0%
(MoM) (DEC)
GBP Index of Services
09:30 Low 0.1% 0.6%
(3Mo3M) (DEC)
09:30 GBP Imports (4Q P) Low 0.0% -0.4%
EUR Euro-Zone
10:00 Economic Confidence Medium 89.9 89.2
(FEB)
EUR Euro-Zone
10:00 Services Confidence Low -8.8 -8.8
(FEB)
EUR Euro-Zone
10:00 Industrial Confidence Low -13.1 -13.9
(FEB)
EUR Euro-Zone
10:00 Consumer Confidence Low -23.6 -23.6
(FEB F)
EUR Euro-Zone
10:00 Business Climate Low -1.02 -1.09
Indicator (FEB)
USD MBA Mortgage
12:00 Low -1.7%
Applications (FEB 22)
USD Durable Goods
13:30 High -4.0% 4.6%
Orders (JAN)
USD Durables Ex
13:30 Medium 0.3% 1.3%
Transportation (JAN)
USD Cap Goods Ship
13:30 Low -0.8% 0.3%
Nondef Ex Air (JAN)

11. USD Cap Goods
13:30 Orders Nondef Ex Air Low 0.2% 0.2%
(JAN)
USD Pending Home
15:00 Medium 4.9%
Sales (YoY) (JAN)
USD Pending Home
15:00 Low 2.0% -4.3%
Sales (MoM) (JAN)
USD DOE U.S.
15:30 Gasoline Inventories Low -2884K
(FEB 22)
USD DOE U.S.
15:30 Distillate Inventory Low -2277K
(FEB 22)
USD DOE U.S. Crude
15:30 Oil Inventories (FEB Low 4143K
22)
USD DOE Cushing OK
15:30 Crude Inventory (FEB Low 417K
22)
USD Fed's Fisher
Speaks on Economy
21:30 Low
and Monetary Policy in
New York
NZD Building Permits
21:45 Low -2.0% 9.4%
(MoM) (JAN)
JPY Nomura/JMMA
Manufacturing
23:15 Medium 47.7
Purchasing Manager
Index (FEB)
JPY Industrial
23:50 Production (YoY) (JAN Medium -4.8% -7.9%
P)
JPY Japan Buying
23:50 Foreign Stocks (Yen) Low -¥414.7B
(FEB 22)
JPY Japan Buying
23:50 Foreign Bonds (Yen) Low -¥620.6B
(FEB 22)
JPY Industrial
23:50 Production (MoM) (JAN Low 1.5% 2.4%
P)
JPY Foreign Buying
23:50 Japan Stocks (Yen) Low ¥197.9B
(FEB 22)
JPY Foreign Buying
23:50 Japan Bonds (Yen) Low -¥181.2B
(FEB 22)
Thu AUD HIA New Home
00:00 Medium 6.2%
Feb 28 Sales (MoM) (JAN)
NZD ANZ Business
00:00 Low 22.7
Confidence (FEB)
NZD ANZ Activity
00:00 Low 31.4
Outlook (FEB)
GBP GfK Consumer
00:01 Confidence Survey Medium -27 -26
(FEB)
AUD Private Sector
00:30 Medium 3.6%
Credit (YoY) (JAN)

12. AUD Private Capital
00:30 Medium 3.7% 2.8%
Expenditure (4Q)
AUD Average Weekly
00:30 Medium 0.3% 3.4%
Wages (YoY) (Nov)
AUD Private Sector
00:30 Low 0.4%
Credit (MoM) (JAN)
AUD Average Weekly
00:30 Low 1.0% 0.4%
Wages (QoQ) (Nov)
JPY BOJ Board
MembeJPY Kiuchi
01:30 Low
Speaks to Business
Leaders
CNY MNI February
01:35 Business Sentiment Low
Indicator
NZD Money Supply M3
02:00 Low 6.0%
(YoY) (JAN)
JPY Vehicle Production
04:00 Low -17.2%
(YoY) (JAN)
JPY Housing Starts
05:00 Medium 8.8% 10.0%
(YoY) (JAN)
JPY Annualized
05:00 Medium 0.894M 0.880M
Housing Starts (JAN)
JPY Construction
05:00 Low 4.8%
Orders (YoY) (JAN)
CHF Gross Domestic
06:45 High 0.9% 1.4%
Product (YoY) (4Q)
CHF Gross Domestic
06:45 Medium 0.0% 0.6%
Product (QoQ) (4Q)
EUR German
08:55 Unemployment Change High 0K -16K
(FEB)
EUR German
08:55 Unemployment Rate Medium 6.8% 6.8%
s.a. (FEB)
EUR Euro-Zone
10:00 Consumer Price Index High 2.0% 2.0%
(YoY) (JAN)
EUR Euro-Zone
10:00 Consumer Price Index - High 1.5% 1.5%
Core (YoY) (JAN)
EUR Euro-Zone
10:00 Consumer Price Index Medium -1.0% 0.4%
(MoM) (JAN)
CHF CPI - EU
10:00 Harmonised (YoY) Medium -0.3%
(JAN)
CHF CPI - EU
10:00 Harmonised (MoM) Medium 0.1%
(JAN)
EUR German
13:00 Consumer Price Index High 1.7% 1.7%
(YoY) (FEB P)
EUR German
13:00 Consumer Price Index - High 1.7% 1.9%
EU Harmonised (YoY)

13. (FEB P)
EUR German
13:00 Consumer Price Index Medium 0.7% -0.5%
(MoM) (FEB P)
EUR German
Consumer Price Index -
13:00 Medium 0.7% -0.7%
EU Harmonised (MoM)
(FEB P)
USD Gross Domestic
13:30 Product Price Index High 0.6% 0.6%
(4Q S)
USD Gross Domestic
13:30 Product (Annualized) High 0.5% -0.1%
(4Q S)
USD Personal
13:30 Medium 2.3% 2.2%
Consumption (4Q S)
USD Initial Jobless
13:30 Medium 360K 362K
Claims (FEB 24)
USD Core Personal
Consumption
13:30 Medium 0.9% 0.9%
Expenditure (QoQ) (4Q
S)
CAD Current Account
13:30 (BoP) (Canadian dollar) Medium -$18.9B
(4Q)
USD Continuing Claims
13:30 Low 3140K 3148K
(FEB 17)
CAD Raw Materials
13:30 Price Index (MoM) Low 0.9% -2.0%
(JAN)
CAD Industrial Product
13:30 Low 0.2% 0.0%
Price (MoM) (JAN)
USD NAPM-Milwaukee
14:00 Low 51.3
(FEB)
USD Chicago
14:45 Purchasing Manager Low 54.1 55.6
(FEB)
USD EIA Natural Gas
15:30 Storage Change (FEB Low -127
22)
USD Kansas City Fed
16:00 Low -2
Manf. Activity (FEB)
NZD Terms of Trade
21:45 Medium 1.4% -3.2%
Index (QoQ) (4Q)
AUD AiG Performance
22:30 of Manufacturing Index Medium 40.2
(FEB)
AUD RPData-Rismark
23:00 Low
House PX Actual (FEB)
JPY National
23:30 Consumer Price Index High -0.2% -0.1%
(YoY) (JAN)
JPY National
Consumer Price Index
23:30 Medium -0.7% -0.6%
Ex Food, Energy (YoY)
(JAN)

14. JPY National
Consumer Price Index
23:30 Medium -0.2% -0.2%
Ex-Fresh Food (YoY)
(JAN)
JPY Jobless Rate
23:30 Medium 4.2% 4.2%
(JAN)
JPY Household
23:30 Medium 0.4% -0.7%
Spending (YoY) (JAN)
JPY Tokyo Consumer
23:30 Price Index (YoY) Low -0.6% -0.6%
(FEB)
JPY Tokyo Consumer
23:30 Price Index Ex Food, Low -1.0% -0.9%
Energy (YoY) (FEB)
JPY Tokyo Consumer
23:30 Price Index Ex-Fresh Low -0.5% -0.5%
Food (YoY) (FEB)
JPY Job-To-Applicant
23:30 Low 0.83 0.82
Ratio (JAN)
JPY Capital Spending
23:50 Medium -6.5% 2.4%
excl Software (4Q)
JPY Capital Spending
23:50 Medium -7.2% 2.2%
(4Q)
JPY Loans & Discounts
23:50 Low 1.0%
Corp (YoY) (JAN)
Fri JPY Official Reserve
Mar 1
Low $1267.3B
Assets (FEB)
CNY Manufacturing
01:00 High 50.5 50.4
PMI (FEB)
USD Fed's Evans
01:00 Low
Speaks in Des Moines
CNY HSBC
01:45 Manufacturing PMI Medium 52.3
(FEB)
JPY Vehicle Sales
05:00 Low -12.9%
(YoY) (FEB)
AUD RBA Commodity
05:30 Low 90.3
Price Index (FEB)
AUD RBA Commodity
05:30 Low -6.4%
Index SDR (YoY) (FEB)
GBP Nationwide House
07:00 Prices n.s.a. (YoY) Medium -0.2% 0.0%
(FEB)
EUR German Retail
07:00 Medium -1.7% -4.7%
Sales (YoY) (JAN)
GBP Nationwide House
07:00 Prices s.a. (MoM) Low 0.2% 0.5%
(FEB)
EUR German Retail
07:00 Low 0.9% -1.7%
Sales (MoM) (JAN)
CHF SVME-Purchasing
08:30 Medium 52.1 52.5
Managers Index (FEB)

15. EUR Italian Purchasing
08:45 Manager Index Low 47.6 47.8
Manufacturing (FEB)
EUR French
Purchasing Manager
08:50 Low 43.6 43.6
Index Manufacturing
(FEB F)
EUR German
Purchasing Manager
08:55 Medium 50.1 50.1
Index Manufacturing
(FEB F)
EUR Italian
09:00 Unemployment Rate Medium 10.6%
s.a. (4Q)
EUR Italian
09:00 Unemployment Rate Medium 11.2%
s.a. (JAN P)
EUR Euro-Zone
Purchasing Manager
09:00 Medium 47.8 47.8
Index Manufacturing
(FEB F)
GBP Purchasing
09:30 Manager Index Medium 51 50.8
Manufacturing (FEB)
GBP Net Lending Sec.
09:30 Medium 0.8B 1.0B
on Dwellings (JAN)
GBP Net Consumer
09:30 Medium 0.2B 0.6B
Credit (JAN)
GBP Mortgage
09:30 Medium 56.5K 55.8K
Approvals (JAN)
GBP M4 Money Supply
09:30 Low -1.0%
(YoY) (JAN)
GBP M4 Money Supply
09:30 Low 0.7%
(MoM) (JAN)
GBP M4 Ex IOFCs 3M
09:30 Low 3.8%
Annualised (JAN)
EUR Euro-Zone
10:00 Unemployment Rate Medium 11.8% 11.7%
(JAN)
EUR Euro-Zone
10:00 Consumer Price Index Medium 1.9% 2.0%
Estimate (YoY) (FEB)
EUR Italian Annual
11:00 Gross Domestic Medium -2.2% 0.4%
Product (2012)
CAD Quarterly Gross
13:30 Domestic Product High 0.7% 0.6%
Annualized (4Q)
CAD Gross Domestic
13:30 High 1.3%
Product (YoY) (DEC)
USD Personal
13:30 Medium 0.2% 0.2%
Spending (JAN)
USD Personal Income
13:30 Medium -2.0% 2.6%
(JAN)
USD Personal
Consumption
13:30 Medium 1.3% 1.4%
Expenditure Core
(YoY) (JAN)

16. CAD Gross Domestic
13:30 Medium -0.1% 0.3%
Product (MoM) (DEC)
USD Personal
Consumption
13:30 Low 1.2% 1.3%
Expenditure Deflator
(YoY) (JAN)
USD Personal
Consumption
13:30 Low 0.1% 0.0%
Expenditure Deflator
(MoM) (JAN)
USD Personal
Consumption
13:30 Low 0.1% 0.0%
Expenditure Core
(MoM) (JAN)
USD Markit US PMI
13:58 Medium
Final (FEB)
USD U. of Michigan
14:55 Medium 76.3 76.3
Confidence (FEB F)
USD ISM
15:00 High 52.5 53.1
Manufacturing (FEB)
USD ISM Prices Paid
15:00 Medium 57 56.5
(FEB)
USD Construction
15:00 Medium 0.5% 0.9%
Spending (MoM) (JAN)
USD Total Vehicle
22:00 Low 15.05M 15.23M
Sales (FEB)
USD Domestic Vehicle
22:00 Low 11.90M 12.08M
Sales (FEB)

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