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Daily Forex Report Provides Trading Analysis and Forecasts
- 1. DAILY I FOREX REPORT 28TH JANUARY 2013 WWW.EPICRESEARCH.CO +91 9752199966
- 2. HEADLINES Forex News: Euro Continues Rally On Positive German Economic Expectations Forex Analysis: Euro Looks To ECB LTRO Repayment For Direction Cues TRADING TIPS Forex News: UK Economy Buy EURUSD above Enters Triple Dip Recession, Sterling Erases 1.3465 tgs Gains 1.3480/1.3505 sl Forex News: Euro 1.3440 Continues Rally on Positive German Economic Expectations BUY USDJPY ABOVE 91.05 tgt 91.20 SL The IFO German business climate survey rose to a seven month high in January, as the survey of 90.95 expectations showed a positive result for the first time in eight months. The business climate survey was SELL GBPUSD BELOW reported at 104.2, higher than an expected 103.0 result and better than December’s 102.4 survey. The 1.5755 tgt expectations survey rose to an unexpected 100.5, while 1.5740/1.5725 the business climate survey was reported at 108.0. WWW.EPICRESEARCH.CO +91 9752199966
- 3. HOURLYEURUSD CHART HOURLY EURUSD CHART ANALYSIS OPEN: 1.3368 HIGH: 1.3465 LOW: 1.3350 CLOSE: 1.3460 EURUSD LOOKS UPWARDS TREND: BULLISH STRATEGY: BUY ON DIPS MACD =>.0066(BULLISH SIGNAL) RSI =>70(BULLISH SIGNAL)
- 4. HOURLY USDJPY CHART HOURLY USDJPY CHART ANALYSIS OPEN: 90.54 HIGH: 90.93 LOW: 90.29 CLOSE: 90.87 USDJPY LOOKS UPWARD TREND: BULLISH STRATEGY: BUY ON DIPS MACD =>.0001( BULLISH SIGNAL) RSI =>77(BULLISH SIGNAL)
- 5. HOURLY GBPUSD CHART HOURLY GBPUSD CHART ANALYSIS OPEN: 1.5781 HIGH: 1.5821 LOW: 1.5746 CLOSE: 1.5783 GBPUSD LOOKS DOWNWARD TREND: BEARISH STRATEGY: SELL ON RISE MACD => -.0003( BEARISH SIGNAL) RSI => ABOVE 80(BEARISH SIGNAL)
- 6. HOURLY EURGBP CHART HOURLY EURGBP CHART ANALYSIS OPEN: 0.8471 HIGH: 0.8537 LOW: 0.8463 CLOSE: 0.8526 EURGBP LOOKS UPWARDS TREND: BULLISH STRATEGY: BUY ON DIPS MACD =>.0022(BULLISH SIGNAL) RSI =>75.15(BULLISH SIGNAL) www.epicresearch.co + 91 9752199966
- 7. HOURLY USDINDEX CHART ANALYSIS OPEN: 79.9970 HIGH: 80.0860 LOW: 79.7120 CLOSE: 79.7460 USDINDEX LOOKS UPWARD TREND: BULLISH STRATEGY: BUY ON DIPS MACD =>-0.0125(BULLISH SIGNAL) RSI =>74(BULLISH SIGNAL) ECONOMIC CALENDER
- 8. Date Time Currency Event Importance Actual Forecast Previous Notes Mon CHF Real Estate Index Jan 21 Medium 413.1 Family Homes (4Q) GBP Rightmove House 00:01 Medium 2.4% 1.4% Prices (YoY) (JAN) GBP Rightmove House 00:01 Low 0.2% -3.3% Prices (MoM) (JAN) JPY Machine Tool 06:00 Medium -27.5% -27.5% Orders (YoY) (DEC F) EUR German Producer 07:00 Medium 1.5% 1.7% 1.4% Prices (YoY) (DEC) EUR German Producer 07:00 Low -0.3% 0.0% -0.1% Prices (MoM) (DEC) CHF Money Supply M3 08:00 Low 9.8% 9.3% (YoY) (DEC) CHF Industrial 08:15 Production (YoY) (3Q) Medium 2.2% 4.7% (3Q) CAD Wholesale Sales 13:30 Low 0.5% 0.9% (MoM) (NOV) EUR Euro-Area 16:00 Finance Ministers Meet High in Brussels Tue JPY Bank of Japan Jan 22 High 0.10% Rate Decision (JAN 22) JPY All Industry Activity 04:30 Medium 0.2% Index (MoM) (NOV) JPY Leading Index 05:00 Medium 91.9 (NOV F) JPY Coincident Index 05:00 Low 90.1 (NOV F) JPY Supermarket Sales 05:00 Low -2.6% (YoY) (DEC) EUR EU-27 Finance 08:00 Ministers Meet in High Brussels GBP Public Finances 09:30 (PSNCR) (Pounds) Medium 6.5B -6.8B (DEC) GBP Public Sector Net 09:30 Borrowing (Pounds) Medium 13.0B 15.3B (DEC) GBP PSNB ex 09:30 Low 15.2B 17.5B Interventions (DEC) EUR Euro-Zone ZEW 10:00 Survey (Economic Medium 7.6 Sentiment) (JAN) EUR German ZEW 10:00 Survey (Current Medium 6.2 5.7 Situation) (JAN) EUR German ZEW 10:00 Survey (Economic Medium 12.0 6.9 Sentiment) (JAN)
- 9. GBP CBI Business 11:00 Low -10 -12 Optimism (JAN) GBP CBI Trends 11:00 Low 16 17 Selling Prices (JAN) GBP CBI Trends Total 11:00 Low -11 -12 Orders (JAN) CAD Retail Sales 13:30 Medium -0.1% 0.7% (MoM) (NOV) USD Chicago Fed Nat 13:30 Medium 0.1 Activity Index (DEC) CAD Retail Sales Less 13:30 Low 0.1% 0.5% Autos (MoM) (NOV) USD Existing Home 15:00 Medium 1.2% 5.90% Sales (MoM) (DEC) USD Existing Home 15:00 Low 5.10M 5.04M Sales (DEC) USD Richmond Fed 15:00 Manufacturing Index Low 4 5 (JAN) AUD Westpac Leading 23:30 Low 0.1% Index (MoM) (NOV) Wed AUD Consumer Prices Jan 23 00:30 High 2.4% 2.0% Index (YoY) (4Q) AUD Consumer Prices 00:30 Medium 0.4% 1.4% Index (QoQ) (4Q) AUD Consumer Prices 00:30 Index RBA Trimmed Medium Mean (QoQ) (4Q) AUD Consumer Prices 00:30 Index RBA Trimmed Medium 2.4% 2.4% Mean (YoY) (4Q) AUD Consumer Prices 00:30 Index RBA Weighted Medium 0.6% 0.8% Median (QoQ) (4Q) AUD Consumer Prices 00:30 Index RBA Weighted Medium 2.4% 2.6% Median (YoY) (4Q) CNY Conference Board 02:00 China Leading Low Economic Index (DEC) JPY Bank of Japan 05:00 Monthly Economic High Report (JAN) GBP Bank of England 09:30 High Minutes GBP Jobless Claims 09:30 High 0.0K -3.0K Change (DEC) GBP Average Weekly 09:30 Earnings (3M/YoY) Medium 1.6% 1.8% (NOV) GBP Claimant Count 09:30 Medium 4.8% 4.8% Rate (DEC)
- 10. GBP ILO 09:30 Unemployment Rate Medium 7.8% 7.8% (3M) (NOV) GBP Employment 09:30 Low 30K 40K Change (3M/3M) (NOV) GBP Weekly Earnings 09:30 exBonus (3M/YoY) Low 1.5% 1.7% (NOV) CHF ZEW Survey 10:00 Medium -15.5 (Expectations) (JAN) EUR Euro Area 10:00 Medium Government Debt (3Q) USD MBA Mortgage 12:00 Low 15.20% Applications (JAN 18) CAD Teranet/National 14:00 Low -0.40% Bank HPI (MoM) (DEC) CAD Teranet/National 14:00 Low 3.40% Bank HPI (YoY) (DEC) CAD Teranet/National 14:00 Low 154.02 Bank HP Index (DEC) USD House Price Index 14:00 Low 0.6% 0.5% (MoM) (NOV) CAD Bank of Canada 15:00 High 1.00% 1.00% Rate Decision (JAN 23) EUR Euro-Zone 15:00 Consumer Confidence Medium -26 -26.5 (JAN A) NZD Business NZ Performance of 21:30 Medium 48.8 Manufacturing Index (DEC) JPY Merchandise 23:50 Trade Balance Total Medium -¥953.4B (Yen) (DEC) JPY Adjusted 23:50 Merchandise Trade Low -¥868.5B Balance (Yen) (DEC) JPY Foreign Buying 23:50 Japan Bonds (Yen) Low ¥139.0B (JAN 18) JPY Foreign Buying 23:50 Japan Stocks (Yen) Low ¥233.8B (JAN 18) JPY Japan Buying 23:50 Foreign Bonds (Yen) Low ¥391.3B (JAN 18) JPY Japan Buying 23:50 Foreign Stocks (Yen) Low -¥155.3B (JAN 18) JPY Merchandise 23:50 Trade Exports (YoY) Low -4.2 -4.1 (DEC) JPY Merchandise 23:50 Trade Imports (YoY) Low 1.7 0.8 (DEC)
- 11. EUR German Import Thu Jan 24 Price Index (MoM) Low 0.0% (DEC) EUR German Import Price Index (YoY) Low 1.1% (DEC) CNY HSBC Flash 01:45 Manufacturing PMI Medium 51.5 (JAN) NZD Credit Card 02:00 Medium 3.9% Spending (YoY) (DEC) NZD Credit Card 02:00 Spending s.a. (MoM) Low 0.4% (DEC) EUR French Purchasing Manager 08:00 Low 45.0 44.6 Index Manufacturing (JAN P) EUR French 08:00 Purchasing Manager Low 45.4 45.2 Index Services (JAN P) EUR German Purchasing Manager 08:30 Medium 46.8 46.0 Index Manufacturing (JAN A) EUR German 08:30 Purchasing Manager Medium 52.0 52.0 Index Services (JAN A) EUR Euro-Zone Purchasing Manager 09:00 Medium 47.5 47.2 Index Composite (JAN A) EUR Euro-Zone Purchasing Manager 09:00 Medium 46.6 46.1 Index Manufacturing (JAN A) EUR Euro-Zone 09:00 Purchasing Manager Medium 48 47.8 Index Services (JAN A) EUR Euro-Zone 09:00 Current Account n.s.a. Low 7.2B (euros) (NOV) EUR Euro-Zone 09:00 Current Account s.a. Low 3.9B (euros) (NOV) GBP BBA Loans for 09:30 Medium 34050 33634 House Purchase (DEC) GBP CBI Reported 11:00 Low 15 19 Sales (JAN) USD Initial Jobless 13:30 Medium 360K 335K Claims (JAN 20) USD Continuing Claims 13:30 Low 3214K (JAN 13) USD Markit US PMI 13:58 Medium 53 Preliminary (JAN) USD Leading Indicators 15:00 Medium -0.2% (DEC)
- 12. USD EIA Natural Gas 15:30 Storage Change (JAN Low -148 18) USD DOE Cushing OK 16:00 Crude Inventory (JAN Low 1780K 18) USD DOE U.S. Crude 16:00 Low -951K Oil Inventories (JAN 18) USD DOE U.S. 16:00 Distillate Inventory Low 1686K (JAN 18) USD DOE U.S. 16:00 Gasoline Inventories Low 1910K (JAN 18) USD Kansas City Fed 16:00 Low -2 Manf. Activity (JAN) JPY National 23:30 Consumer Price Index High -0.2% -0.2% (YoY) (DEC) JPY National Consumer Price Index 23:30 Medium -0.2% -0.1% Ex-Fresh Food (YoY) (DEC) JPY National Consumer Price Index 23:30 Medium -0.5% -0.5% Ex Food, Energy (YoY) (DEC) Fri JPY Small Business Jan 25 Medium 43.8 Confidence (JAN) CNY MNI Business 01:35 Sentiment Indicator Low (JAN) EUR German IFO - 09:00 Medium 103 102.4 Business Climate (JAN) EUR German IFO - 09:00 Current Assessment Medium 107.3 107.1 (JAN) EUR German IFO - 09:00 Medium 98.5 97.9 Expectations (JAN) GBP Gross Domestic 09:30 High -0.1% 0.9% Product (QoQ) (4Q A) GBP Gross Domestic 09:30 High 0.2% 0.0% Product (YoY) (4Q A) GBP Index of Services 09:30 Low 0.5% 1.1% (3Mo3M) (NOV) GBP Index of Services 09:30 Low -0.1% 0.1% (MoM) (NOV) CAD Bank Canada 13:30 Consumer Price Index High 1.5% 1.2% Core (YoY) (DEC) CAD Consumer Price 13:30 High 1.2% 0.8% Index (YoY) (DEC) CAD Bank Canada 13:30 Consumer Price Index Medium -0.2% 0.0% Core (MoM) (DEC)
- 13. CAD Consumer Price 13:30 Medium -0.2% -0.2% Index (MoM) (DEC) CAD Consumer Price 13:30 Low 121.9 Index (DEC) CAD Consumer Price 13:30 Low Index s.a. (MoM) (DEC) CAD Core CPI s.a. 13:30 Low (MoM) (DEC) USD New Home Sales 15:00 Medium 2.1% 4.4% (MoM) (DEC) USD New Home Sales 15:00 Low 377K (DEC)
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