Daily i-forex-report- by epic research 6 march 2013

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Daily i-forex-report- by epic research 6 march 2013

  1. 1. DAILY I FOREX REPORT 6TH MARCH 2013WWW.EPICRESEARCH.CO +91 9752199966
  2. 2. HEADLINES  Aussie to Build on Rally as Yen Reverses if ISM Surprises Higher  Dollar Suffers Mild Retreat on Volumeless Dow Advance, Fed Remarks TRADING TIPS  Dollar Index Outlook Bullish Ahead of RBA, Chinese  BUY EURUSD ABOVE News 1.3075 tgs Australian Dollar Gains as RBA Pours Cold Water on Rate Cut Outlook 1.3095/1.3115 sl 1.3045 Japanese Yen Follows 10yr JGB Yields Higher on Bond Sale Demand Drop Upside Surprise on USNon-Mfg ISM May Drive  SELL USDJPY BELOW Swell in Risk Appetite 92.90 tgt 92.70/92.50 The Japanese Yen advanced as yields on the benchmark 10-year government bonds SL 93.20 pushed sharply higher, adding 2.6 percent to record the largest daily advance in over two weeks. The move followed a poor showing at an auction of 10-year notes, where the bid-to-  SELL GBPUSD BELOW cover measure of demand fell to 2.37 1.5105 tgt compared with 2.75 at a sale of similar paper a month ago, marking the weakest uptake since 1.5085/1.5065 SL July 2009. The surge in borrowing costs appears to have eroded the Yen’s near-term 1.5135 appeal as a cheap funding vehicle, forcing an unwinding of carry trades financed in the perennially low-yielding currency.WWW.EPICRESEARCH.CO +91 9752199966
  3. 3.  HOURLY EURUSD CHART HOURLY EURUSD CHART ANALYSISOPEN: 1.3035HIGH: 1.3075LOW: 1.3023CLOSE: 1.3040  EURUSD LOOKS UPWARD  TREND : BULLISH  STRATEGY: BUY ON DEEPS  MACD =>-.000(BULLISH SIGNAL)  RSI => 50(BULLISH SIGNAL)
  4. 4. HOURLY USDJPY CHART  HOURLY USDJPY CHARTANALYSISOPEN: 93.41HIGH: 93.52LOW: 92.91CLOSE: 93.14  USDJPY LOOKS DOWNWARD  TREND: BEARISH  STRATEGY: SELL ON RISE  MACD => -0.02( BEARISH SIGNAL)  RSI =>44(BEARISH SIGNAL)
  5. 5.  HOURLY GBPUSD CHART HOURLY GBPUSD CHARTANALYSISOPEN: 1.5129HIGH: 1.5199LOW: 1.5106CLOSE: 1.5151  GBPUSD LOOKS DOWNWARD  TREND: BULLISH  STRATEGY: SELL ON RISE  MACD => .005( BEARISH SIGNAL)  RSI => 65(BEARIISH SIGNAL)
  6. 6. HOURLY EURGBP CHART HOURLY EURGBP CHARTANALYSISOPEN: 0.8616HIGH: 0.8635LOW: 0.8588CLOSE: 0.8596  EURGBP LOOKS DOWNWARDS  TREND: BEARISH  STRATEGY: SELL ON RISE  MACD =>-.003(BEARISH SIGNAL)  RSI =>33(BEARISH SIGNAL)www.epicresearch.co + 91 9752199966
  7. 7. HOURLY USDINDEX CHARTANALYSISOPEN: 82.1270HIGH: 82.1750LOW: 81.9000CLOSE: 82.0310  USDINDEX LOOKS UPWARD  TREND: BULLISH  STRATEGY: BUY ON DEEPS  MACD =>0.79(BULLISH SIGNAL)  RSI =>47(BULLISH SIGNAL)
  8. 8. ECONOMIC CALENDERDate Time Currency Event Importance Actual Forecast Previous NotesMon GBP BoE/GfK Inflation NextMar 4 Medium 3.5% 12 Mths (FEB) NZD ANZ Commodity Price 00:00 Low 1.0% 0.3% (FEB) GBP Lloyds Business 00:01 Low 13 15 Barometer (FEB) GBP Hometrack Housing 00:01 Low -0.1% -0.3% Survey (YoY) (FEB) GBP Hometrack Housing 00:01 Low 0.1% 0.0% Survey (MoM) (FEB) JPY Confirmation Hearing 00:30 for BoJ Governor Nominee Medium Kuroda 00:30 AUD Inventories (4Q) Low 0.2% 0.6% 1.2% AUD Company Operating 00:30 Low -1.0% -1.0% -2.7% Profit (QoQ) (4Q) AUD Building Approvals 00:30 Low 9.9% 8.1% 12.4% (YoY) (JAN) AUD Building Approvals 00:30 Low -2.4% 2.8% -1.7% (MoM) (JAN) AUD ANZ Job 00:30 Advertisements (MoM) Low 3.0% 0.6% (FEB) GBP Purchasing Manager 09:30 Medium 46.8 49 48.7 Index Construction (FEB) EUR Euro-Zone Sentix 09:30 Medium -10.6 -4.3 -3.9 Investor Confidence (MAR) EUR Euro-Zone Producer 10:00 High 1.9% 1.9% 2.1% Price Index (YoY) (JAN) EUR Euro-Zone Producer 10:00 Medium 0.6% 0.5% -0.2% Price Index (MoM) (JAN) EUR Euro-Area Finance 14:00 High Ministers Meet in Brussels 14:45 USD ISM New York (FEB) Low 56.7
  9. 9. AUD AiG Performance of 22:30 Medium 45.3 Service Index (FEB)Tue GBP Halifax Plc House Low 0.2% -0.2%Mar 5 Prices s.a. (MoM) (FEB) GBP Halifax House Price Low 1.7% 1.3% (3MoY) (FEB) GBP BRC Sales Like-For- 00:01 Low 1.0% 1.9% Like YoY (FEB) AUD Retail Sales s.a. 00:30 Medium 0.4% -0.2% (MoM) (JAN) AUD Current Account 00:30 Balance (Australian Dollar) Medium -15300M -14900M (4Q) AUD Australia Net Exports 00:30 Low 0.5 0.1 of GDP (4Q) JPY Labor Cash Earnings 01:30 Medium -1.7% (YoY) (JAN) 01:45 HSBC Services PMI (FEB) Medium 54 AUD Reserve Bank of 03:30 Australia Rate Decision High 3.00% 3.00% (MAR 5) EUR Italian Purchasing 08:45 Manager Index Services Medium 43.5 43.9 (FEB) EUR French Purchasing 08:50 Manager Index Services Medium 42.7 42.7 (FEB F) EUR German Purchasing 08:55 Manager Index Services Medium 54.1 54.1 (FEB F) EUR Euro-Zone Purchasing 09:00 Manager Index Services Medium 47.3 47.3 (FEB F) EUR Euro-Zone Purchasing 09:00 Manager Index Composite Medium 47.3 47.3 (FEB F) GBP Purchasing Manager 09:30 Medium 51 51.5 Index Services (FEB) GBP Official Reserves 09:30 Low $565M (Changes) (FEB) EUR Euro-Zone Retail 10:00 High -2.9% -3.6% Sales (YoY) (JAN) EUR Euro-Zone Retail 10:00 Medium 0.3% -0.9% Sales (MoM) (JAN) USD ISM Non- 15:00 Manufacutring Composite Medium 55 55.2 (FEB) USD IBD/TIPP Economic 15:00 Low 47.2 47.3 Optimism (MAR) NZD Value of All Buildings 21:45 Low 3.0% 9.6% SA (4Q)
  10. 10. Wed JPY Bankruptcies (YoY)Mar 6 Medium -5.2% (FEB) GBP New Car Registrations Low 11.5% (YoY) (FEB) GBP BRC Shop Price Index 00:01 Low 0.6% (YoY) (FEB) AUD Gross Domestic 00:30 High 3.0% 3.1% Product (YoY) (4Q) AUD Gross Domestic 00:30 High 0.6% 0.5% Product (QoQ) (4Q) EUR Euro-Zone Gross 10:00 Domestic Product s.a. (YoY) High -0.9% -0.9% (4Q P) EUR Euro-Zone Gross 10:00 Domestic Product s.a. High -0.6% -0.6% (QoQ) (4Q P) EUR Euro-Zone Household 10:00 Medium 0.0% Consumption (QoQ) (4Q P) EUR Euro-Zone Gross 10:00 Medium -0.7% Fixed Capital (QoQ) (4Q P) EUR Euro-Zone 10:00 Government Expenditure Low -0.2% (QoQ) (4Q P) USD MBA Mortgage 12:00 Low -3.8% Applications (MAR 1) USD ADP Employment 13:15 Medium 168K 192K Change (FEB) USD Feds Plosser Speaks 13:15 on Economic Outlook in Low Lancaster, PA CAD Bank of Canada Rate 15:00 High 1.00% 1.00% Decision (MAR 6) 15:00 USD Factory Orders (JAN) Medium -2.2% 1.8% Ivey Purchasing Managers 15:00 Medium 58.9 Index SA (FEB) USD DOE U.S. Gasoline 15:30 Low -1857K Inventories (MAR 1) USD DOE U.S. Distillate 15:30 Low 557K Inventory (MAR 1) USD DOE U.S. Crude Oil 15:30 Low 1130K Inventories (MAR 1) USD DOE Cushing OK 15:30 Low -75K Crude Inventory (MAR 1) USD U.S. Federal Reserve 19:00 Medium Releases Beige Book AUD AiG Performance of 22:30 Medium 36.2 Construction Index (FEB) NZD QV House Prices 23:00 Low 6.2% (YoY) (FEB)
  11. 11. JPY Official Reserve Assets 23:50 Low $1267.3B (FEB) JPY Japan Buying Foreign 23:50 Low -¥106.4B Stocks (Yen) (MAR 1) JPY Japan Buying Foreign 23:50 Low -¥665.4B Bonds (Yen) (MAR 1) JPY Foreign Buying Japan 23:50 Low ¥190.4B Stocks (Yen) (MAR 1) JPY Foreign Buying Japan 23:50 Low -¥82.6B Bonds (Yen) (MAR 1)Thu JPY Bank of Japan Rate High 0.10% 0.10%Mar 7 Decision (MAR 7) EUR German Wholesale Low 2.3% Price Index (YoY) (FEB) EUR German Wholesale Low 0.3% Price Index (MoM) (FEB) AUD Trade Balance 00:30 Medium -427M (Australian dollar) (JAN) JPY Leading Index (JAN P) 05:00 Medium 93.4 (JAN P) JPY Coincident Index (JAN 05:00 Low 92.6 P) (JAN P) AUD Foreign Reserves 05:30 Low A$46.5B (Australian dollar) (FEB) EUR French Mainland 06:30 Unemployment Change Medium 29K (4Q) EUR French ILO 06:30 Medium 10.3% Unemployment Rate (4Q) EUR French ILO Mainland 06:30 Medium 9.9% Unemployment Rate (4Q) CHF SNB Final Result for 06:30 Medium 2012 CHF Unemployment Rate 06:45 Medium 3.1% 3.1% s.a. (FEB) CHF Unemployment Rate 06:45 Medium 3.4% 3.4% (FEB) EUR French Trade Balance 07:45 Low -4700M -5349M (euros) (JAN) CHF Foreign Currency 08:00 Low -4700M 427.0B Reserves (FEB) EUR Italian Producer Price 09:00 Low 2.0% Index (YoY) (JAN) EUR Italian Producer Price 09:00 Low -0.2% Index (MoM) (JAN) EUR German Factory 11:00 Medium 1.6% -1.8% Orders n.s.a. (YoY) (JAN) EUR German Factory 11:00 Low 0.6% 0.8% Orders s.a. (MoM) (JAN)
  12. 12. GBP Bank of England Rate12:00 High 0.50% 0.50% Decision (MAR 7) GBP BOE Asset Purchase12:00 High 375B 375B Target (MAR) USD RBC Consumer12:30 Low 49.5 Outlook Index (MAR) USD Challenger Job Cuts12:30 Low -24.4% (YoY) (FEB) EUR European Central12:45 Bank Rate Decision (MAR High 0.8% 0.75% 7) EUR ECB Deposit Facility12:45 Medium 0.00% 0.0% Rate (MAR 7)13:30 USD Trade Balance (JAN) Medium -$43.0B -$38.5B USD Initial Jobless Claims13:30 Medium 355K 344K (MAR 3) USD Unit Labor Costs (4Q13:30 Low 4.3% 4.5% F) USD Non-Farm Productivity13:30 Low -1.5% -2.0% (4Q F) USD Continuing Claims13:30 Low 3110K 3074K (FEB 24) CAD International13:30 Merchandise Trade Low -0.55B -0.90B (Canadian dollar) (JAN) CAD Building Permits13:30 Low -11.2% (MoM) (JAN) USD EIA Natural Gas15:30 Low -171 Storage Change (MAR 1) USD Household Change in17:00 Low $1722B Net Worth (4Q) USD Consumer Credit20:00 Medium $14.500B $14.595B (JAN) NZD Manufacturing Activity21:45 Medium 1.6% (4Q) NZD Manufacturing Activity21:45 Low 2.6% Volume SA (QoQ) (4Q) JPY Nominal Gross23:50 Domestic Product (QoQ) High -0.4% (4Q F) JPY Gross Domestic23:50 High -0.1% Product (QoQ) (4Q F) JPY Gross Domestic23:50 High -0.4% Product Annualized (4Q F) JPY Trade Balance - BOP23:50 Medium -¥1512.3B -¥567.6B Basis (Yen) (JAN) JPY Current Account Total23:50 Low -¥626.0B -¥264.1B (Yen) (JAN)
  13. 13. JPY Current Account 23:50 Low 34.2% -199.4% Balance (YoY) (JAN) JPY Bank Lending incl 23:50 Low Trusts (YoY) (FEB) JPY Bank Lending Banks 23:50 Low 1.6% ex-Trust (FEB) JPY Adjusted Current 23:50 Low ¥112.2B ¥98.1B Account Total (Yen) (JAN) JPY Gross Domestic 23:50 Product Deflator (YoY) (4Q Low -0.6% F) Fri JPY Eco Watchers Survey:Mar 8 Medium 56.5 Outlook (FEB) JPY Eco Watchers Survey: Medium 49.5 Current (FEB) EUR Bank of France Medium 96 95 Business Sentiment (FEB) CNY Trade Balance (USD) Medium -$8.85B $29.15B (FEB) CNY Imports (YoY) (FEB) Low -8.2% 28.8% CNY Exports (YoY) (FEB) Low 7.6% 25.0% EUR French Central 07:45 Government Balance Low -87.2B (euros) (JAN) CHF Consumer Price Index 08:15 Medium -0.30% -0.3% (YoY) (FEB) CHF CPI - EU Harmonised 08:15 Medium -0.1% (YoY) (FEB) CHF Consumer Price Index 08:15 Low 0.30% -0.3% (MoM) (FEB) CHF CPI - EU Harmonised 08:15 Low -0.5% (MoM) (FEB) EUR German Industrial 11:00 Production n.s.a. and w.d.a. Medium -1.2% -1.1% (YoY) (JAN) EUR German Industrial 11:00 Production s.a. (MoM) Low 0.4% 0.3% (JAN) 13:15 CAD Housing Starts (FEB) Medium 172.0K 160.6K USD Unemployment Rate 13:30 High 7.9% 7.9% (FEB) USD Change in Non-farm 13:30 High 155K 157K Payrolls (FEB) CAD Unemployment Rate 13:30 High 7.1% 7.0% (FEB) CAD Net Change in 13:30 High 7.5K -21.9K Employment (FEB)
  14. 14. USD Change in Private13:30 Medium 167K 166K Payrolls (FEB) USD Average Hourly13:30 Earning All Employees Medium 2.1% 2.1% (YoY) (FEB) CAD Participation Rate13:30 Medium 66.6 (FEB) CAD Part Time Employment13:30 Medium -1.4 Change (FEB) CAD Full Time Employment13:30 Medium -20.6 Change (FEB) Average Hourly Earning All13:30 Low 0.2% 0.20% Employees (MoM) (FEB) USD Underemployment13:30 Low 14.4% Rate (U6) (FEB) USD Change in13:30 Manufacturing Payrolls Low 10K 4K (FEB) USD Change in Household13:30 Low 17 Employment (FEB) USD Average Weekly Hours13:30 Low 3440.0% 34.4 All Employees (FEB) CAD Labor Productivity13:30 Low -0.5% (QoQ) (4Q) USD Wholesale Inventories15:00 Low 0.3% -0.1% (JAN)
  15. 15. DisclaimerThe 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 choosethe product/s that suits them the most.Sincere efforts have been made to present the right investment perspective. The information contained hereinis based 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 reportdoes not provide individually tailor-made investment advice. Epic research recommends that investorsindependently evaluate particular investments and strategies, and encourages investors to seek the advice of afinancial adviser. Epic research shall not be responsible for any transaction conducted based on the informationgiven 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 informationherein, together with all estimates and forecasts, can change without notice. Analyst or any person related toepic research might be holding positions in the stocks recommended. It is understood that anyone who isbrowsing through the site has done so at his free will and does not read any views expressed asa recommendation for which either the site or its owners or anyone can be held responsible for . Anysurfing 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 lossincurred whatsoever for any financial profits or loss which may arise from the recommendations aboveepic 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 orAny Information Provided by us to/with anyone which is received directly or indirectly by them. If found so thenSerious Legal Actions can be taken.www.epicresearch.co + 91 9752199966

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