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1. DAILY IFOREX REPORT
24TH
SEP 2013

2. GBP/USD 1.6045
GBP/EUR 1.1871
EUR/USD 1.3508
GBPAUD 1.7022
GBP/CAD 1.6512
GBP/CHF 1.4636
GBP/CZK 30.704
GBP/DKK 8.8522
GBP/HKD 12.4380
GBP/INR 100.28
GBP/JPY 158.71
GBP/NOK 9.4805
GBP/NZD 1.9157
GBP/PLN 5.0125
GBP/SEK 10.2052
GBP/SGD 2.0079
GBP/THB 50.03
GBP/TRY 3.1838
GBP/ZAR 15.83
GBP/CNY 9.7996
Weekly Forex Trading Forecast:
Finding Volatility and Trend Post-Fed
US Dollar Forecast - US Dollar Plummets on Fed, but Here’s Why
it Might not Fall Further
The US Dollar plummeted against the Euro and other major FX counterparts as
the US Federal Reserve disappointed those looking for it to “Taper” its
Quantitative Easing policies, but is it enough to drive the Greenback to further
lows?
Euro/US Dollar Look to Risk, PMIs and German Election to Hold
1.3500
There is a considerable amount of event risk for the Euro – but as we have
learned over the past months and years, it may not be particularly market
moving. That can be both a boon and burden for EURUSD as it hovers just
above 1.3500.
Japanese Yen Forecast - Yen Would Benefit from Softer US
Yields, but FOMC Turned Risk “On”
The Japanese Yen was a bottom performer over the past week, losing ground
quickly from Wednesday forward after the Federal Reserve surprised investors
by keeping QE3 in place at its current $85B/month pace.
British Pound Forecast - Pound to Face Limited Correction Amid
Shift in BoE Policy Outlook
The British Pound extended the advance from earlier this month as the Bank
of England (BoE) struck a more hawkish tone for monetary policy...
Australian Dollar Recovery Faces Evolving Fed QE Speculation
Risks to the recovery of the Australian Dollar will emerge as a busy US
economic data and Fed-speak schedule drive the evolution of Fed QE
speculation.
TRADING TIPS
 SELL EURUSD BELOW 1.3500 TGT
1.3480/1.3460 SL 1.3530
 SELL USDJPY BELOW 98.70 TGT
98.50/98.30 SL 99.00
 BUY GBPUSD ABOVE 1.6080 TGT
1.6100/1.6120 SL 1.6050
HEADLINES

3.  HOURLY EURUSD CHARTHOURLY EURUSD CHART
ANALYSIS
EURUSD LOOKS DOWNWARD
TREND: BEARISH
STRATEGY: SELL ON RISE
MACD =>.0002(BEARISH SIGNAL)
RSI =>47(BEARISH SIGNAL)

4. HOURLY USDJPY CHART
ANALYSIS
USDJPY LOOKS DOWNWARD
TREND: BEARISH
STRATEGY: SELL ON RISE
MACD =>.03(BEARISH SIGNAL)
RSI =>50(BEARISH SIGNAL)

5. HOURLY GBPUSD CHART
ANALYSIS
GBPUSD LOOKS UPWARD
TREND: BULLISH
STRATEGY: BUY ON DIPS
MACD =>.0004(BULLISH SIGNAL)
RSI =>63(BULLISH SIGNAL)

6. HOURLY EURGBP CHART
ANALYSIS
EURGBP LOOKS UPWARD
TREND: BULLISH
STRATEGY: BUY ON DIPS
MACD =>.0001(BULLISH SIGNAL)
RSI =>56(BULLISH SIGNAL)

7. HOURLY USD INDEX CHART
ANALYSIS
USD INDEX LOOKS UPWARD
TREND: BULLISH
STRATEGY: BUY ON DIPS
MACD =>.0001(BULLISH SIGNAL)
RSI =>52(BULLISH SIGNAL)

8. Date Time Currency Event Importance Actual Forecast Previous Notes
Mon
Sep 23
01:45
CNY HSBC/Markit
Flash Mfg PMI (SEP)
Medium 51.2 50.9 50.1
07:00
EUR French
Purchasing Manager
Index Manufacturing
(SEP P)
Low 49.5 50.1 49.7
07:00
EUR French
Purchasing Manager
Index Services (SEP P)
Low 50.7 49.6 48.9
07:00
CHF Money Supply M3
(YoY) (AUG)
Low 10.4% 10.8%
07:00
CHF KOF Institute
September Economic
Forecast
Medium
07:30
EUR German
Purchasing Manager
Index Manufacturing
(SEP A)
Medium 51.3 52.2 51.8
07:30
EUR German
Purchasing Manager
Index Services (SEP A)
Medium 54.4 53.0 52.8
08:00
EUR Euro-Zone
Purchasing Manager
Index Manufacturing
(SEP A)
Medium 51.1 51.7 51.4
08:00
EUR Euro-Zone
Purchasing Manager
Index Services (SEP A)
Medium 52.1 51.0 50.7
08:00
EUR Euro-Zone
Purchasing Manager
Index Composite (SEP
A)
Medium 52.1 51.8 51.5
12:30
USD Chicago Fed Nat
Activity Index (AUG)
Medium 0.14 -0.05 -0.43
12:58
USD Markit US PMI
Preliminary (SEP)
Medium 54.0
13:20
USD Fed's Lockhart to
Speak in New York
Low
13:30
USD Fed's Dudley to
Speak to Fordham Wall
Street Council
Low
17:30
USD Fed's Fisher
Speaks in Texas
Low
21:00
USD EIA Gasoline and
Diesel Fuel Update
Low
Tue
Sep 24
05:00
JPY Supermarket Sales
(YoY) (AUG)
Low -0.5%
08:00
EUR German IFO -
Business Climate (SEP)
Medium 108.0 107.5
08:00
EUR German IFO -
Current Assessment
(SEP)
Medium 112.6 112.0
08:00
EUR German IFO -
Expectations (SEP)
Medium 104.0 103.3
08:30
GBP BBA Loans for
House Purchase (AUG)
Medium 38000 37200
ECONOMIC CALLENDER

9. 12:30
CAD Retail Sales
(MoM) (JUL)
Medium 0.5% -0.6%
12:30
CAD Retail Sales Less
Autos (MoM) (JUL)
Low 0.6% -0.8%
13:00
USD S&P/CS 20 City
s.a. (MoM) (JUL)
Low 0.8% 0.9%
13:00
USD S&P/Case-Shiller
Composite-20 (YoY)
(JUL)
Low 12.5% 12.1%
13:00
USD S&P/Case-Shiller
Home Price Index (JUL)
Low 159.54
13:00
USD House Price Index
(MoM) (JUL)
Medium 0.9% 0.7%
13:30
USD Fed's Pianalto
Speaks on Payment
Systems in Chicago
Low
14:00
USD Richmond Fed
Manufacturing Index
(SEP)
Low 14
14:00
USD Consumer
Confidence (SEP)
High 80.3 81.5
17:00
USD Fed's George
Delivers Introductory
Remarks in Chicago
Low
22:45
NZD Trade Balance
(New Zealand dollars)
(AUG)
Medium -700M -774M
22:45
NZD Exports (New
Zealand dollars) (AUG)
Low 3.54B 3.85B
22:45
NZD Imports (New
Zealand dollars) (AUG)
Low 4.30B 4.62B
22:45
NZD Balance (YTD)
(New Zealand dollars)
(AUG)
Medium -1550M -1688M
23:50
JPY Corporate Service
Price (YoY) (AUG)
Low 0.5% 0.4%
Wed
Sep 25
EUR German Import
Price Index (MoM)
(AUG)
Low 0.1% 0.3%
EUR German Import
Price Index (YoY)
(AUG)
Low -3.7% -2.6%
01:00
AUD DEWR Skilled
Vacancies (MoM)
(AUG)
Low 0.7%
05:00
JPY Small Business
Confidence (SEP)
Medium 49.7
06:00
CHF UBS Consumption
Indicator (AUG)
Medium 1.41
06:00
EUR German GfK
Consumer Confidence
Survey (OCT)
Medium 7 6.9
06:00
JPY Machine Tool
Orders (YoY) (AUG F)
Medium -1.8%
10:00
GBP CBI Reported
Sales (SEP)
Low 24 27
11:00
USD MBA Mortgage
Applications (SEP 20)
Medium 11.2%

10. 12:30
USD Durable Goods
Orders (AUG)
High -0.1% -7.3%
12:30
USD Durables Ex
Transportation (AUG)
Medium 1.1% -0.6%
12:30
USD Cap Goods
Orders Nondef Ex Air
(AUG)
Low 1.2% -3.3%
12:30
USD Cap Goods Ship
Nondef Ex Air (AUG)
Low -1.5%
14:00
USD New Home Sales
(AUG)
Low 425K 394K
14:00
USD New Home Sales
(MoM) (AUG)
Medium 7.9% -13.4%
14:30
USD DOE U.S. Crude
Oil Inventories (SEP
20)
Low -4368K
14:30
USD DOE Cushing OK
Crude Inventory (SEP
20)
Low -861K
14:30
USD DOE U.S.
Gasoline Inventories
(SEP 20)
Low -1627K
14:30
USD DOE U.S.
Distillate Inventory
(SEP 20)
Low -1079K
16:00
USD Household
Change in Net Worth
(2Q)
Low $3003B
Thu
Sep 26
01:30
AUD Job vacancies
(SEP)
Low -7.3%
08:00
EUR Euro-Zone M3 s.a.
(YoY) (AUG)
Low 2.2% 2.2%
08:00
EUR Euro-Zone M3 s.a.
(3M) (AUG)
Low 2.3% 2.5%
08:30
GBP Current Account
(Pounds) (2Q)
Low -10.0B -14.5B
08:30
GBP Gross Domestic
Product (QoQ) (2Q F)
Medium 0.7% 0.7%
08:30
GBP Gross Domestic
Product (YoY) (2Q F)
High 1.5% 1.5%
08:30
GBP Total Business
Investment (QoQ) (2Q
F)
Low 0.9% 0.9%
08:30
GBP Total Business
Investment (YoY) (2Q
F)
Low -3.5% -3.5%
12:30
USD Initial Jobless
Claims (SEP 20)
Medium 309K
12:30
USD Continuing Claims
(SEP 13)
Low 2787K
12:30
USD Gross Domestic
Product (Annualized)
(2Q T)
Medium 2.7% 2.5%
12:30
USD Personal
Consumption (2Q T)
Medium 1.8% 1.8%
12:30
USD Gross Domestic
Product Price Index (2Q
T)
Medium 0.8% 0.8%

11. 12:30
USD Core Personal
Consumption
Expenditure (QoQ) (2Q
T)
Medium 0.8%
14:00
USD Pending Home
Sales (MoM) (AUG)
Low -1.0% -1.3%
14:00
USD Pending Home
Sales (YoY) (AUG)
Medium 8.6%
14:30
USD EIA Natural Gas
Storage Change (SEP
20)
Low 46
15:00
USD Kansas City Fed
Manf. Activity (SEP)
Low 8
16:15
USD Fed's
Kocherlakota Speaks in
Minnesota
Low
22:15
EUR ECB's Coeure
Speaks in New York
Low
23:05
GBP GfK Consumer
Confidence Survey
(SEP)
Medium -11 -13
23:30
JPY National Consumer
Price Index (YoY)
(AUG)
High 0.8% 0.7%
23:30
JPY National Consumer
Price Index Ex-Fresh
Food (YoY) (AUG)
High 0.7% 0.7%
23:30
JPY National Consumer
Price Index Ex Food,
Energy (YoY) (AUG)
High -0.1% -0.1%
23:30
JPY Tokyo Consumer
Price Index (YoY)
(SEP)
Low 0.5% 0.5%
23:30
JPY Tokyo Consumer
Price Index Ex-Fresh
Food (YoY) (SEP)
Low 0.3% 0.4%
23:30
JPY Tokyo Consumer
Price Index Ex Food,
Energy (YoY) (SEP)
Low -0.3% -0.4%
23:50
JPY Japan Buying
Foreign Bonds (Yen)
(SEP 20)
Medium ¥921.6B
23:50
JPY Japan Buying
Foreign Stocks (Yen)
(SEP 20)
Medium -¥50.2B
23:50
JPY Foreign Buying
Japan Bonds (Yen)
(SEP 20)
Low ¥112.8B
23:50
JPY Foreign Buying
Japan Stocks (Yen)
(SEP 20)
Low ¥153.5B
Fri
Sep 27
01:15
USD Fed's George
Speaks on Economy in
Denver
Low
01:30
CNY Industrial Profits
YTD (YoY) (AUG)
Medium 11.1%
01:45
CNY MNI September
Business Sentiment
Indicator
Low
06:45
EUR French Gross
Domestic Product
(QoQ) (2Q F)
Low 0.5% 0.5%
06:45
EUR French Gross
Domestic Product
(YoY) (2Q F)
Low 0.3% 0.3%
07:00
CHF KOF Swiss
Leading Indicator (SEP)
Medium 1.36

12. 08:30
GBP Lloyds Business
Barometer (JUL)
Low 0.5% 0.0%
08:30
GBP Index of Services
(3Mo3M) (JUL)
Low 0.6% 0.6%
09:00
EUR Euro-Zone
Business Climate
Indicator (SEP)
Low -0.09 -0.21
09:00
EUR Euro-Zone
Economic Confidence
(SEP)
Medium 95.9 95.2
09:00
EUR Euro-Zone
Industrial Confidence
(SEP)
Medium -7 -7.9
09:00
EUR Euro-Zone
Consumer Confidence
(SEP F)
Medium
09:00
EUR Euro-Zone
Services Confidence
(SEP)
Medium -5 -5.3
09:45
USD Fed's Evans
Speaks on Economy
and Monetary Policy in
Oslo
Low
12:00
EUR German
Consumer Price Index
(MoM) (SEP P)
Medium 0.0% 0.0%
12:00
EUR German
Consumer Price Index
(YoY) (SEP P)
High 1.5% 1.5%
12:00
EUR German
Consumer Price Index -
EU Harmonised (MoM)
(SEP P)
Medium 0.1% 0.0%
12:00
EUR German
Consumer Price Index -
EU Harmonised (YoY)
(SEP P)
High 1.6% 1.6%
12:30
CAD Average Weekly
Earnings (YoY) (JUL)
Low 2.6%
12:30
USD Fed's Rosengren
to Give Opening
Remarks at Conference
in NY
Low
12:30
USD Personal Income
(AUG)
Medium 0.4% 0.1%
12:30
USD Personal
Spending (AUG)
Medium 0.3% 0.1%
12:30
USD Personal
Consumption
Expenditure Deflator
(MoM) (AUG)
Low 0.1% 0.1%
12:30
USD Personal
Consumption
Expenditure Deflator
(YoY) (AUG)
Low 1.2% 1.4%
12:30
USD Personal
Consumption
Expenditure Core
(MoM) (AUG)
Low 0.1% 0.1%
12:30
USD Personal
Consumption
Expenditure Core (YoY)
(AUG)
Medium 1.2% 1.2%
13:55
USD U. of Michigan
Confidence (SEP F)
Medium 78.0 76.8
14:15
USD Fed's Evans
Discusses Economy on
Panel in Oslo
Low

13. 18:00
USD Fed's Dudley to
Speak on the Economy
in Syracuse, NY
Low
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